Florida Mortgage Lender Exits Turbulent Market

Aegis Mortgage Corp., a Houston-based subprime lender, filed for bankruptcy Monday, adding to the growing list of companies hit by investors' unwillingness to fund home loans for borrowers with poor repayment ...more

Symantec: Use of instant messaging in workplaces a plus

By DAVID DIZON abs-cbnNEWS.com Companies that ban the use of instant messaging systems such as Yahoo Messenger, MSN Messenger and Google Talk risk limiting the productivity of their employees, an official of ...more

Asian Financial Stocks Fall on Debt-Market Concern; Mitsubishi UFJ Drops

Asian financial stocks fell after Australian mortgage lender Rams Home Loans Group Ltd.
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Renewed risk aversion hurts global stocks

Signs of risk aversion re-emerged on European markets on Tuesday, weighing on stocks and boosting government bonds, even after several days of cash injections from some of the world's major central banks.

Florida Mortgage Lender Exits Turbulent Market

Pretty much everyone in the Southwest Florida housing market knows of Nancy Detert - for her service on the Sarasota County School Board, her eight years as member of the Florida House of Representatives and ...more



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Hedge fund managers see opportunity

Countrywide Financial , the nation's largest mortgage lender, said Tuesday that its total July mortgage fundings rose 6% from year-ago levels, to $39 billion, but they fell 14% from June 2007 levels.

Stocks Edge Lower After Banks Add Liquidity

A broker works under the the curve of the German stock index DAX at the stock market in Frankfurt, Germany, Monday.
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What's the Problem with Real Estate Short Sales?

Stockerblog submits: There is a really big problem with short sales. Financial authors don't seem to be mentioning this problem, and economists don't seem to be building this issue into their projections.

U.S. Stock-Index Futures Little Changed; Home Depot Gains, Wal-Mart Drops

U.S. stock-index futures rose after Home Depot Inc.'s earnings topped analyst forecasts and EMC Corp.
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Timeline: Sub-prime problems

The volatile world markets have given many traders headaches Global markets have been shaken up by fears of a credit crunch.
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Hedge fund managers see opportunity

Mortgage companies, banks and some hedge funds have been taking financial hits as a result of the mortgage crisis that has swept the lending industry, but many hedge fund managers see it as an opportunity.

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Countrywide says mortgage loans rose in July

European stocks fell, led by financial-services companies after UBS AG said profit growth may slow and bank shares declined in the U.S. and Asia.
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OPEC ups estimate for oil demand growth

OPEC has slightly increased its estimate for world oil demand growth in 2007 despite current economic turmoil, the powerful cartel said in a report Tuesday.
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US stock futures pare gains after Wal-Mart cuts view

Business US stock futures pare gains after Wal-Mart cuts view Reuters NEW YORK - Stock index futures pared gains on Tuesday after Wal-Mart Stores Inc., the world's biggest retailer, forecast full-year profit ...more

Countrywide says mortgage loans rose in July

Countrywide Financial Corp , the largest U.S. mortgage lender, on Tuesday said July mortgage loan fundings rose from a year earlier.
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Fallout in Australia from U.S. mortgage losses

SYDNEY: The global fallout from the collapse of the U.S. market for risky mortgages deepened Monday, with two Australian lenders warning investors and consumers of troubles in their businesses.

Countrywide says mortgage loans rose in July

Countrywide Financial Corp , the largest U.S. mortgage lender, on Tuesday said July mortgage loan fundings rose from a year earlier.
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