Mortgage and Financial News From 2008-2-5 Page 36

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• GMAC and ResCap called junk

  CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Moody's also cut the senior unsecured rating of GMAC's mortgage unit, Residential Capital LLC, by two notches to "B2" from ...
  2008-02-05 08:27:00

• GMAC hit by housing woes

  CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... quarter of 2007 as the housing slump and disruptions in the credit and capital markets battered the lender's home mortgage ...
  2008-02-05 01:06:00

• Etrade vs. Goliath

  CNN Money - The worst of it came last November, amid worries that losses on mortgage-backed securities might force the company into ... Fortune's 100 Best Companies to Work For are constantly scouting for talent. Here are 10 tips on how to get your foot in the ...
  2008-02-05 01:13:00

• CDO investors write market prescription: Sell

  Reuters - Hopes that distressed debt may increase in value as mortgage companies, lawmakers and regulators scramble to stem the rising tide of foreclosures are misplaced, Ron D'Vari, a managing director at money manager Blackrock, which manages $1.36 ...
  2008-02-05 01:06:00

• Reuters Summit-Loan mod delays invite US lawmaker action-Bair

  Reuters - But Bair said the longer mortgage companies drag their feet on working out troubled loans, the more headway bankruptcy changes and other measures are likely to make. (For summit blog: http://summitnotebook.reuters.com /) (Reporting by John Poirier ...
  2008-02-05 12:38:00

• Council strike in Birmingham shuts down city - Socialistworker.co.uk

  Council strike in Birmingham shuts down citySocialistworker.co.uk, UK - 1 hour ago“I have a mortgage I won’t be able to pay. You have £100000 a year and a pay rise. Just go.” At Redmond Road the 60-strong picket took over the refuse depot ...
  2008-02-05 12:50:23

• Fitch Announces Next Phase of Analysis of Financial Guarantors - Business Wire (press release)

  Fitch Announces Next Phase of Analysis of Financial GuarantorsBusiness Wire (press release), CA - 1 hour ago(Assured) and Financial Security Assurance Holdings Ltd (FSA), the two financial guaranty companies that avoided direct exposures to SF CDOs to a material ...
  2008-02-05 12:52:19

• US Stocks Fall After Service Industries Unexpectedly Shrink - Bloomberg

  US Stocks Fall After Service Industries Unexpectedly ShrinkBloomberg - 1 hour ago... company that General Motors sold to a hedge fund manager, lost $724 million in the fourth quarter because home buyers didn't keep up with their mortgage ...
  2008-02-05 12:55:48

• Earnings Preview: IAC/InterActiveCorp - Houston Chronicle

  Earnings Preview: IAC/InterActiveCorpHouston Chronicle, United States - 58 minutes ago... Interval time-share service and LendingTree mortgage referral businesses. The company's remaining assets, which include search engine Ask.com and dating ...
  2008-02-05 01:02:07

• Terremark Worldwide Reports Third Quarter Fiscal 2008 Results - StreetInsider.com (subscription)

  Terremark Worldwide Reports Third Quarter Fiscal 2008 ResultsStreetInsider.com (subscription), MI - 48 minutes agoAs part of its global branding effort, Terremark unveiled a redesigned corporate website (www.terremark.com) that integrates information on the Company's ...
  2008-02-05 01:12:12

• Housing Market Tracker - Homebuilder Consolidation Continues - Seeking Alpha

  Housing Market Tracker - Homebuilder Consolidation ContinuesSeeking Alpha, NY - 46 minutes agoBofA said in a note that improved affordability, reduced construction and less adjusted-rate mortgage reset risk drive its more positive stance, ...
  2008-02-05 01:13:55

• Thomas P. Byrne Named President and Chief Operating Officer of ... - Business Wire (press release)

  Thomas P. Byrne Named President and Chief Operating Officer of ...Business Wire (press release), CA - 43 minutes agoTom has been integral to the company’s overall success and it is exciting that LoopNet can tap an internal candidate with such exceptional capability and ...
  2008-02-05 01:16:45

• Cbeyond sees softness in SMB market - TelephonyOnline

  Cbeyond sees softness in SMB marketTelephonyOnline - 42 minutes ago“I wish it were something as simple as to say it was mortgage companies. It’s nothing as tidy as that. It’sa very broad weakness across all of our [served ...
  2008-02-05 01:17:42

• United Properties, NorthMarq Capital reorganize - San Antonio Business Journal

  United Properties, NorthMarq Capital reorganizeSan Antonio Business Journal, TX - 42 minutes agoIt was ranked as the largest commercial mortgage company in the Twin Cities last year, with $12.7 billion of loans closed in the Twin Cities in 2006. ...
  2008-02-05 01:17:45

• NVR Director Exercises Options - CNNMoney.com

  NVR Director Exercises OptionsCNNMoney.com - 41 minutes agoNEW YORK (Associated Press) - A director of NVR Inc., a homebuilder and mortgage banker, exercised options for 5000 shares of common stock, according to a ...
  2008-02-05 01:18:29

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