Mortgage and Financial News From 2007-8-30 Page 8

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  • H&R Block May Scrap Sale of Option One Mortgage Unit (Update2) (Bloomberg.com)

    Aug. 30 (Bloomberg) -- H&R Block Inc., the biggest U.S. tax- preparation company, may have to scrap the sale of its subprime mortgage unit after losses more than doubled.
    2007-08-30 02:44:57

  • Mortgage unit deepens Block's loss (bizjournals.com via Yahoo! Finance)

    H&R Block Inc. reported a deeper first-quarter loss compared with last year mainly because of a further loss in its Option One Mortgage Co. unit, and Block said it is renegotiating the unit's sale.
    2007-08-30 02:43:39

  • Commercial Paper Falls for Third Week as Mortgage Losses Mount (Bloomberg.com)

    Aug. 30 (Bloomberg) -- U.S. commercial paper outstanding fell for a third week, dropping 3.1 percent as more investors refuse to buy debt secured by mortgage assets.
    2007-08-30 02:10:34

  • H&R Block May Shut Down Mortgage Unit If Sale Fails (Update4) (Bloomberg.com)

    Aug. 30 (Bloomberg) -- H&R Block Inc., the biggest U.S. tax- preparation company, said it may shut a subprime-mortgage unit if sale negotiations with a hedge-fund manager collapse.
    2007-08-30 05:40:47

  • Here and Now: Mortgage Meltdown (KJZZ Tempe)

    You've heard the news about foreclosures on the rise and mortgage companies declaring bankruptcy. Here and Now takes a closer look at what's going on and how it impacts the real estate market. ASU professor Anthony Sanders and Mortgage banker Don Williams discuss the reasons behind the mortgage meltdown and what it means to both home buyers and sellers.
    2007-08-29 09:21:29

  • Triad Guaranty Inc. Comments on Fitch Revisions to U.S. Mortgage Insurance Capital Model Changes and Ratings Actions (PR Newswire via Yahoo! Finance)

    SALEM, N.C., Aug. 30 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. , announced today that Fitch Ratings , consistent with its revision of its capital model for U.S. mortgage insurance companies, has changed the financial strength rating for Triad Guaranty Ins. from AA to AA-.
    2007-08-30 04:37:00

  • Credit, mortgage problems seen pressuring brokers' earnings (Market Watch)

    BOSTON (MarketWatch) -- Financial shares moved lower Thursday, under pressure as credit problems remain a thorn in the markets' side with analysts warning about brokerage profits and several companies saying the outlook for the mortgage market remains bleak.
    2007-08-30 02:04:37

  • Cutting out the middleman

    Daily Telegraph - But on a £50,000 lifetime mortgage, rolling up over 20 years - a fairly typical loan value and time to spend in retirement ... The important point is that independent financial advice can more than cover its cost - and should enable you to obtain the ...
    2007-08-30 02:56:00

  • Bracks hits back at Tattersall's claims

    News.com.au - Mr Bracks said he had been absolutely honest and had done nothing wrong but would take advice on whether he would should ... and that he'd lost his professional audit certificate as a result of his involvement in the collapse of the Estate Mortgage ...
    2007-08-30 02:42:00

  • CB Richard Ellis Group, Inc. Acquires India Affiliate

    Forbes - CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and ...
    2007-08-30 09:20:00

  • Needy have to travel for help

    Halifax Today - A lot of people are not going to get the vital help and advice they need," he said. Chas helps people on the brink of homelessness by providing free advice and legal representation for those with rent and mortgage problems. Now its Halifax centre ...
    2007-08-30 09:20:00

  • Movers: H&R Block, Freddie Mac, Chico's FAS, Sears

    BusinessWeek - The company says it is in talks with Cerberus Capital Management to modify a deal to sell its Option One Mortgage Corp. to ... Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of ...
    2007-08-30 01:45:00

  • Finance House joins nine banks in UAE to offer mortgage options for ...

    AME Info - Finance House joins nine banks in UAE to offer mortgage options for ETA Star projects ETA Star, a leading property developer in ... Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those ...
    2007-08-30 12:12:00

  • Microsoft Showdown With Google Gets Runway as Court Rule Ends

    Bloomberg - ... Microsoft's changes to Windows won't be supervised by a committee of technical experts getting complaints and advice from ... Merrill Profit Outlooks Cut by Lehman on Subprime H&R Block Loss More Than Doubles on Costs to Fund Subprime Mortgage ...
    2007-08-30 11:14:00

  • Eskan Bank launches Bahrain's inaugural BD30 million residential ...

    AME Info - ... in the GCC region, this landmark transaction involves the issuance of BD30 million worth of conventional Residential Mortgage ... Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those ...
    2007-08-30 11:29:00

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