Mortgage and Financial News From 2008-2-15 Page 22

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  • Northfield Bancorp, Inc. Announces Quarterly Results (Centre Daily Times)

    Northfield Bancorp, Inc., the holding company for Northfield Bank, reported net income of $482,000 for the three months ended December 31, 2007, compared to $3.1 million for the three months ended December 31, 2006. The Company also reported net income of $10.5 million for the year ended December 31, 2007, compared to $10.8 million for the year ended December 31, 2006.
    2008-02-15 02:40:52

  • Delinquencies Rise at Countrywide (Greenwich Time)

    LOS ANGELES -- Countrywide Financial Corp. said Friday home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments.
    2008-02-15 02:44:12

  • Northfield Bancorp, Inc. Announces Quarterly Results (6º)   (InfoBolsa)

    15/02/2008 22:22:00 Business Wire ----------- -------- Total interest-bearing liabilities 1,056,429 6,717 2.52 Non-interest bearing deposit accounts 102,834 Accrued expenses and other liabilities 13,872 ----------- Total liabilities 1,173,135 Stockholders equity 287,826 ----------- Total liabilities and stockholders equity $1,460,961 =========== Net interest income $11,202 ======== Net interest ...
    2008-02-15 02:44:56

  • Delinquencies rise at Countrywide

    Houston Chronicle - Countrywide's mortgage pipeline — loans in progress that have not been funded — stood at $51 billion at the end of January, up from $35 billion in December, the company said. Following last summer's collapse of the subprime mortgage market, the ...
    2008-02-15 01:44:00

  • Muni bond regulator seeks transparency

    CNBC - Credit market turmoil that started last summer with rising defaults among risky mortgage loans has spread to auction-rate securities, in part because the bond insurers that back them face downgrades by credit rating agencies. The bonds underlying the ...
    2008-02-15 07:46:00

  • Real Estate Matters

    Washington Post - If you can save on the interest you're paying, then it's time to do a mortgage refinance," said Fred Glick, managing member of US Loans Mortgage, a mortgage broker in Philadelphia . For some homeowners whose adjustable-rate mortgage interest rates are ...
    2008-02-15 12:54:00

  • Bangladesh bank offers loans to US poor

    Financial Times - The bank’s entry into the US, its first in a developed market, comes as mainstream banks’ credibility has been hit by the mortgage meltdown and many people are turning to fringe financial institutions offering loans at exorbitant interest rates. ...
    2008-02-15 11:00:00

  • Stocks Decline On Economic Readings

    CBS News - The uncertainty lapping at Wall Street is in part due to the opaque nature of subprime mortgage loans. Many of the loans, which are now going bad, were sold off in exotic debt packages whose worth is difficult to determine. The concerns about ...
    2008-02-15 10:02:00

  • Countrywide's Overdue Mortgages Increase to 7.47% (Update3)

    Bloomberg - Feb. 15 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said late loans were at their highest level in at least six years during January, adding to evidence that the U.S. housing slump is getting deeper. Overdue loans ...
    2008-02-15 11:57:00

  • Countrywide mortgage delinquencies double

    MSN MoneyCentral - Countrywide and the Association of Community Organizations for Reform Now have created a program for borrowers with subprime loans and in various stages of mortgage delinquency. The plan expands Countrywide's previously announced $16 billion ...
    2008-02-15 12:11:00

  • Fitch downgrades $5B in mortgage bonds

    CNBC - NEW YORK - Fitch Ratings on Friday cut its rating on $5 billion of bonds backed by home loans issued by struggling lender Fremont General Corp. Fitch said the home loans providing the payments from these bonds are suffering from bad credit as sinking ...
    2008-02-15 01:23:00

  • PMI pulls plug on risky loans

    East Bay Business Times - Large MGIC loss shrinks executive bonuses [Milwaukee] MGIC reports $1.5B loss [Milwaukee] Milwaukee stocks could toss and turn before waking up [Milwaukee] Amid increasing losses related to rising mortgage defaults and foreclosures, The PMI Group Inc ...
    2008-02-15 09:27:00

  • Investors Shun Muni Bonds As Credit Crisis Worsens

    CNBC - Credit market turmoil that started last summer with rising defaults among risky mortgage loans has spread to auction-rate securities, in part because the bond insurers that back them face downgrades by credit rating agencies. The bonds underlying the ...
    2008-02-15 12:26:00

  • CommunitySouth Announces Record Financial Performance in 2007, Total ...

    MSN MoneyCentral - CommunitySouth offers a complete line of financial products and services, including commercial, consumer and mortgage loans, personal and business checking and savings accounts, nationwide free ATMs, free business courier service, its free ...
    2008-02-15 08:44:00

  • FACTBOX-Write-downs and losses at major global banks

    Reuters - Feb 15 (Reuters) - The following is a list of bank write-downs for losses on subprime mortgage loans, leveraged loan commitments, and other assets since September. ----- Date Bank Write ...
    2008-02-15 08:37:00

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