{"id":5628,"date":"2007-02-02T00:00:00","date_gmt":"2007-02-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bad-loans-hit-housing-lenders","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2007\/bad-loans-hit-housing-lenders.html","title":{"rendered":"Bad Loans Hit Housing Lenders"},"content":{"rendered":"<p>  <a href=\"http:\/\/rss.businessweek.com\/~a\/bw_rss\/investor?a=A5a3nL\"><img decoding=\"async\" src=\"http:\/\/rss.businessweek.com\/~a\/bw_rss\/investor?i=A5a3nL\" border=\"0\"><\/a>BusinessWeek &#8211; On a good day for homebuilder  issues, shares of mortgage lenders fell on new worries about borrowers&#8217; ability to pay.<\/p>\n<p>  What was good news in the market for homebuilders on Jan. 17 didn&#8217;t carry through for mortgage lenders, as investors worry that bad loans are hitting that sector. Wall Street sold mortgage bank  stocks further after Indymac Bancorp (<a href=\"http:\/\/stockmarket.businessweek.com\/www\/search.html?q=NDE\">NDE<\/a>) issued a profit warning on Jan. 17.<\/p>\n<p>  The Pasadena (Calif.)-based holding company for the savings, loan, and mortgage originator Indymac Bank said in a letter to shareholders on Jan. 16 that it expects to earn about 97\u00c3\u201a\u00c2\u00a2 per share  during the quarter, instead of the $1.30 to $1.40 it had announced earlier.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/rss.businessweek.com\/~r\/bw_rss\/investor\/~4\/77342249\" border=\"0\"><br \/><a href=\"http:\/\/www.businessweek.com\/investor\/content\/jan2007\/pi20070117_457554.htm?campaign_id=rss_null\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek &#8211; On a good day for homebuilder issues, shares of mortgage lenders fell on new worries about borrowers&#8217; ability to pay. What was good news in the market for homebuilders on Jan. 17 didn&#8217;t carry through for mortgage lenders, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5628","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5628"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}