Bankrate, Inc. (NASDAQ:RATE) And Move, Inc. (NASDAQ:MOVE) have announced a distribution agreement for Bankrate to be the provider of mortgage and home equity rate data on the Move network of Web sites. Move will…
Countrywide (CFC) is going to whack another 900 people. Most of these will come from the mortgage production business. CFC has 60,000 total employees. CFC keeps saying that its prospects are improving. But, it…
The Boston Stock Exchange (The "BSE") has announced that it has discontinued the operations of the Boston Equities Exchange ("BeX"), whch is the exchange’s electronic stock exchange launched in August 2005. The BSE claims…
Lenders should "review to determine the full extent of their authority to identify borrowers at risk of default" and find a way to keep the borrower in a home, the regulatory bodies said in…
Shares of Thornburg Mortgage (NYSE:TMA) are trading up by roughly 5% in pre-market activity. This news could have been mostly expected, but the good news is that there was not a cancellation or delay. …
According to Bloomberg, when investment bankers look into their Christmas stockings, all they will see is coal. The news service owned by New York’s mayor writes "Standard & Poor’s said business conditions for securities…
Stocks Tickers: MCO, MHP, XLF, GS, MS, MER, LEH, BSC, C, BAC, JPM, WFC, WB You will have to have a subscription in order to access the full article, but Moody’s has an article…
Reuters reports that NYSE Euronext (NYX) might want to buy the Nasdaq (NDAQ) 31% ownership in The London Stock Exchange. It would be a humiliation for Nasdaq since its rival was able to land…
On CNBC this morning, Ken Heebner of Capital Growth Management was a guest on real estate values and said he sees value in Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE). This was a different…
Nasdaq (NDAQ) and Borse Dubai are both bidding for the Nordic exchange owner OMX. And, the price is up to about $4 billion. At the same time NDAQ is trying to sell its 31%…
It is too good to be true. Bank of America (BAC) put $ 2 billion into Countrywide Financial (CFC) by taking convertible preferred with an $18 a share strike price and a 7.25% coupon.…
On today’s STOP TRADING on CNBC, Jim Cramer said that the Lehman (NYSE:LEH) exit from the mortgage business is a positive because this wasn’t making money. He’d be a buyer on that news. Wells…
Capital One (NYSE:COF) is closing its wholesale mortgage unit called GreenPoint Mortgage and is lowering guidance. The company has revised 2007 EPS guidance down by $2.15 to $5.00 per share, and will record close…
The Nasdaq Stock Exchange (NDAQ) appears ready to dump its 31% holding in the London Stock Exchange and has hired JP Morgan (JPM) and UBS to find a buyer. According to MarketWatch, the NDAQ…
If you want to make CEOs look like buffoons, ask them questions with obvious answers and see if the get them wrong. According to Reuters: "Chief executive officers of companies listed on the New…