Fitch Affirms Cgcmt 2007-c6 Mortgage Trust; Assigns Outlooks - Pr Inside - fitch ratings has affirmed and assigned ratings outlooks to cgcmt 2007-c6 mortgage trust, commercial mortgage pass-through certificates, as follows: -- $146.9 million class at a-1 'aaa'; outlook stable; -- $259 million class a-2 at 'aaa'; outlook ... www.pr-inside.com
China's Bocom Q3 Net Up 21.7 Percent, Growth Slows - Reuters shanghai (reuters) - china's fifth-largest lender, bank of communications (bocom) (3328.hk: quote , profile , research , stock buzz ), posted a 21.7 percent rise in third-quarter net profit on thursday on strong loan demand and higher fee income ... www.reuters.com
White House Said To Want Limit On Mortgage-guarantee Proposal - Bloomberg oct. 30 (bloomberg) -- the white house and treasury secretary henry paulson want to scale back a proposal by federal deposit insurance corp. chairman sheila bair to guarantee mortgages to help stem foreclosures, according to two congressional aides ... www.bloomberg.com
Deutsche Bank Posts 74% Drop In 3q Profit deutsche bank said thursday that its third-quarter profit slipped 74 percent as it reported write-downs of another 1.2 billion euros ($1.5 billion) on mortgage-backed securities. dealbook.blogs.nytimes.com
Bank Of China Books 3.8 Billion Dollars In Investment Losses bank of china said it had posted 26.3 billion yuan (3.8 billion dollars) in potential losses on assets at the end of september, partially related to us subprime mortgage-backed securities. news.yahoo.com
Nevada, Michigan, Florida Lead 'underwater' List - Cnbc here's a shocker: almost half of nevada homeowners with a mortgage owe more to the bank than their homes are worth. here's another: if you add in the homeowners like them in california, arizona, florida, georgia and michigan, together they account ... www.cnbc.com
Mortgage Rescue Plan Could Look Like Indymac - Abc News the fdic has submitted a proposal to the treasury department to help americans avoid foreclosure through a plan similar to one now in place for borrowers at a failed california-based bank, abcnews.com has learned. the federal deposit insurance ... www.abcnews.go.com
Pimco's Gross Recommends Agency Mortgage Securities, Bank Bonds oct. 29 (bloomberg) -- bill gross , manager of the world's biggest bond fund at pacific investment management co., said he recommends mortgage securities issued by government-sponsored enterprises such as fannie mae and freddie mac , and the debt of banks that have sold stakes to the u.s. government. www.bloomberg.com
Gmac Confirms It Is In Talks To Become Bank Holding Company - Detroit News washington -- gmac confirmed today it is in talks to become a bank holding company -- a move that would help it access new capital from government regulators. the auto finance company also plans to refinance its debt. the finance company is in ... www.detnews.com
Mortgage Giants Refuse To Pass On Interest Rate Cuts To Cash-strapped ... - Daily Mail mortgage giants are ripping off homeowners by failing to pass on the bank of england's interest rate cuts, research has revealed. a shocking 50 per cent of banks and building societies have not moved their standard variable rate since the emergency ... www.dailymail.co.uk
Bre Bank Expects Slow Down In Deposits And Sale Of Mortgage Loans polish bre bank has decided not to publish its strategic plans for 2009-2011 along with q4 results as planned in november due to the unstable situation in the world markets. mariusz grendowicz, chief executive at bre bank told reporters that he'd rather wait until the situation stabilizes. www.wbj.pl
Westpac Eyes Reserve Bank Credit Facility westpac new zealand is keen to draw on its new $5 billion mortgage-backed credit facility with the reserve bank, set up to aid liquidity at a time normal funding for banks dries up. www.stuff.co.nz
Banking Mergers Set Up Battle For Customers - San Jose Mercury News the financial meltdown is reshaping the national banking scene, and the bay area is the focus of multiple mergers, bringing in a powerful new competitor and setting the stage for a battle that should benefit consumers. there haven't been this many ... www.mercurynews.com
Mortgage Loans Should Be Stress-free - Punch the way and manner aso savings & loans ltd. carries out the administration of mortgage banking leaves much to be desired. there had been a series of complaints these past months, about cases of civil servants who have completely offset their mortgage ... www.punchng.com
Fannie Mae, Freddie Mac Fulfilling Mortgage Mission: Regulator fannie mae, freddie mac and the federal home loan bank boards are doing "business as usual," their regulator said wednesday, but it will be some time before normalcy returns to the u.s. mortgage markets because of all the other financial events that have overwhelmed it. www.marketwatch.com
Gmac Seeks Bank Status For Rescue Funding: Report gmac, the auto finance and mortgage company, is seeking to become a bank holding company in order to access the government's $700 billion financial rescue plan, the wall street journal reported on tuesday. news.yahoo.com
Home Bancorp Announces Third Quarter 2008 Earnings - Cnbc lafayette, la., oct 30, 2008 /prnewswire-firstcall via comtex/ -- home bancorp, inc. (nasdaq: hbcp) (the "company"), the holding company for home bank (http://www.home24bank.com), a federally chartered savings bank headquartered in lafayette ... www.cnbc.com