Bankrupt American Home to sell $1.62 bln mortgages
30559
Bankrupt home loan provider American  Home Mortgage Investment Corp  said on Wednesday a  federal bankruptcy judge has authorized the auction by two  affiliates of 5,700 mortgage loans with an unpaid principal  balance of about $1.62 billion.
704292
Bank of America Corp  on Friday said it agreed to acquire struggling mortgage lender Countrywide Financial Corp  for about $4 billion in stock, a move that could help avert one of the biggest collapses in the U.S. housing crisis.
287183
Northern Rock sells Â£2.2bn of its mortgage assets to US bank JPMorgan, saying it will repay the Bank of England.
270822
Countrywide Financial Corp , the largest U.S. mortgage lender, on Tuesday offered to refinance or restructure up to $16 billion of adjustable-rate mortgages through the end of 2008.
649438
Single-family home builder M/I Homes Inc.  said on Monday it has sold land in its Florida markets to help reduce debt, and is exiting the West Palm Beach market, where its assets included about 500 lots in four communities.
138681
U.S. stocks ended higher on Thursday following news Bank of America  is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
348830
Investor's Business Daily - The National Assoc. of Realtors cut its &#39;07 outlook for the fourth consecutive month. Home resales will fall to 6.18 mil from last month&#39;s forecast of 6.29 mil and well below the initial 6.42 mil forecast. The median existing-home sales price will fall 1.3%, more than the previously forecast 1% slide. The median new-home price will fall 2.3% to $240,800, reversing the Jan. forecast for a 2% gain, NAR said.
67659
MBIA said it would sell $1 billion of debt to preserve capital and the triple-A ratings it needs to operate in a mortgage market under siege.
247942
Bank of America Corp said on Friday it agreed to acquire Countrywide Financial Corp, the largest U.S. mortgage lender, in a $4 billion transaction that could help avert one of the biggest collapses in the U.S. housing crisis.
250136
The sale, for 1.76 billion in cash, is the final step in American Standardâs plan to split into three companies.
89534
Move follows government's failure to to find buyer for stricken mortgage lender
181999
Shares of Countrywide Financial, the nation's largest mortgage lender, plummeted yesterday on rumors, which the company denied, that it was contemplating a bankruptcy filing. The drop came on yet another bad day for the stock market, which has been off to a terrible start for 2008.
188218
Bank of America Corp said on Friday that it would buy battered mortgage lender Countrywide Financial Corp for $4 billion, a move that could avert one of the biggest collapses from the U.S. housing crisis.
280673
Countrywide Financial Corp ,  the largest U.S. mortgage lender, posted a $1.2 billion  third-quarter loss on Friday, hurt by write-downs as the U.S.  housing market deteriorated.
359113
IKB Deutsche Industriebank AG, wracked by losses from the U.S. subprime mortgage crisis, will sell 1.5 billion euros ($2.2 billion) in shares as part of a government-sponsored bailout, provided its shareholders agree to the move.
385528
US sales of previously owned homes probably held at a 6.75 million annual rate last month, down from a record reached earlier this year, economists forecast an industry report today will show.
270104
Upscale home builder Hovnanian Enterprises Inc  is holding a nationwide three-day sales that effectively cuts home prices by up to $100,000 through incentives and offers extra appliances and upgrades.