Mortgages News

LONDON (AFX) - US SUMMARY: Stocks and oil recover; gold, dollar down Index Points change Pct change DJIA 12133.40 +57.44 +0.48 NASDAQ 2371.74 +21.17 +0.90 S&P 500 1387.17 +9.22 +0.67 Dow Future 12152.00 +61.00 +0.50 (1621 ET) Nasdaq Future 1754.25 +6.00  ...

NEW YORK (AP) - Lehman Brothers Holdings Inc., the No. 4 U.S. investment house, said Wednesday robust trading and overseas expansion drove its first-quarter profit up 5.6 percent, matching Wall Street expectations. Quarterly profit after paying preferred dividends rose to $1.13 billion, or $1.96 per share, for the three months ended Feb. 28 from $1.07 billion, or $1.83 per share, in the year- ...

LONDON (AFX) - Opec will likely keep oil output levels unchanged when it meets in Vienna tomorrow, resisting calls from some quarters for it to up production amid falling inventories and concerns about the state of the global economy. Speaking from Vienna earlier, Nigerian oil minister Edmund Daukoru said he would strongly argue against increasing output at tomorrow's meeting. "We're not the ...

NEW YORK (AP) - Stocks fell Wednesday, pulling the Dow Jones industrials through the psychological 12,000 barrier for the first time since Nov. 6 as concerns about faltering subprime mortgage lenders extended a broad selloff in stocks. The Dow first crossed the 12,000 mark in October. The market showed its continuing nervousness about soured loans among subprime lenders. H&R Block Inc. a ...

PARIS (AFX) - Share prices were still sharply lower midafternoon as a mixed opening in the US failed to allay negative sentiment caused by yesterday's Wall Street slide, although Carrefour continued to buck the trend on speculation about its ownership and a possible alliance in India. At 4.20 pm the CAC-40 index was down 90.21 points or 1.66 pct at 5,342.73. Volume for CAC-40 shares was 6.7 bln  ...

NEW YORK (AP) - Wall Street bobbed in and out of positive territory Wednesday, seeking a direction a day after concerns about faltering subprime mortgage lenders sparked a broad selloff in stocks. The market showed its continuing nervousness about soured loans among subprime lenders. H&R Block Inc. added to the uneasiness by announcing after the closing bell Tuesday its fiscal third-quart ...

(Updates prices, adds details) LONDON (AFX) - Oil prices were steady after weekly US inventory data showed falls in gasoline and distillate stocks and increases in US crude supplies that were roughly in line with expectations. The US Energy Information Administration said US crude stock rose by 1.1 mln barrels last week, leaving them above average for this time of year. Analysts polled by AFX Ne ...

LONDON (AFX) - Leading shares remained sharply lower midafternoon as Wall Street failed to rebound from yesterday's falls amid ongoing concern about the subprime mortgage market, with UK lenders the main casualties, dealers said. At 2.33 pm, the FTSE 100 index was 100.5 points weaker at 6,060.7, but off the midmorning low of 6,043.2, while the broader indices also remained firmly in the red. Vol ...

LONDON (AFX) - Moody's Investors Service has assigned provisional long-term credit ratings to Portuguese residential mortgage backed securities to be issued by Hipototta No.5. Plc. It assigned 'Aaa' ratings to the class A1 and A2 mortgage backed floating rate notes worth 200.0 mln eur and 1.69 bln eur, respectively. Moody's also assigned 'Aa2' to class B notes worth 26 mln eur and 'A1' to class  ...

LONDON (AFX) - Fitch Ratings has assigned final ratings to Landmark Mortgage Securities No 1 PLC's 350 mln stg mortgage-backed floating-rate notes. The agency assigned 'AAA' ratings to the Class Aa and Ac notes worth 276.49 mln stg and 35 mln eur, respectively. Fitch assigned 'A' to the 21.0 mln stg Class Ba and 16.5 mln eur Class Bc notes, it said in a statement. The agency also assigned 'BBB' ...