Mortgage and Financial News From 2008-1-11 Page 17
Previous Day: 2008-01-10
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More spills and thrills in store - Reuters Canada
More spills and thrills in storeReuters Canada, Canada - 32 minutes agoAnd then there's the continuing fallout and credit squeeze from the struggling US subprime mortgage market. Canadian financials have been pressured by the ...
2008-01-11 06:04:37 -
Missing Marine found?...Wall Street dive...Directors' contract ... - KXMC
Missing Marine found?...Wall Street dive...Directors' contract ...KXMC, ND - 27 minutes agoInvestors are worried about quarterly earnings, banks, brokerage houses, the mortgage mess, credit woes, and the economy in general. ...
2008-01-11 06:09:28 -
Jeremy Warner's Outlook: Crisis set to deepen before it gets better (Independent)
With spreads on overnight and term money now back virtually to normal, is the credit crisis over? Regrettably, that's unlikely to be the case. The reason Libor is again at close to bank rate ? though actually the spread rose a bit yesterday ? is not because the system is functioning normally once more, but rather because central bankers have flooded it with liquidity in a manner which has ...
2008-01-11 05:09:55 -
Bovis is latest housebuilder to report slowdown (Independent)
After Persimmon and Redrow, Bovis revealed scars from last year's market turmoil yesterday.
2008-01-11 05:10:45 -
Stocks Plunge Amid Fears Over Bad Credit (CBS News)
Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under signs of a slowing economy.
2008-01-11 05:23:50 -
Giant Write-Down Is Seen for Merrill (NYTimes.com via Yahoo! Finance)
Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate.
2008-01-11 05:40:58 -
p0813 BC-BankofAmerica-Country 4thLd-Writethru 01-11 1436 (Hays Daily News)
Eds: UPDATES drop in Countrywide shares since August. Moving on general news and financial services.
2008-01-11 05:49:11 -
An Inconvenient Year (Washington Post)
IT WAS A YEAR THAT STRODE BOLDLY INTO THE STALL OF HUMAN EVENTS AND TOOK A WIDE STANCE ASTRIDE THE PORCELAIN BOWL OF HISTORY.
2008-01-11 05:56:36 -
More spills and thrills in store (The Globe and Mail)
TORONTO (Reuters) - Trip-wire volatility has marked the Toronto Stock Exchange's first full trading week of the year and observers predict the bouncy, roller-coaster ride is far from over.
2008-01-11 06:13:48 -
B of A deal promises consumers more stability, less choice (Los Angeles Times)
Those with loans serviced by Countrywide should avoid some chaos, but future borrowers may find their options more limited. Consumer advocates and mortgage experts didn't know whether to cheer or jeer the agreement for Bank of America to purchase troubled Countrywide Financial Corp.
2008-01-11 06:15:18 -
The Market: Stocks fall sharply amid worries over investment bank writedowns, anxiety about earnings (The Journal-Standard)
NEW YORK (AP) - Wall Street plunged again lower Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under signs of a slowing economy. The Dow Jones industrials finished down nearly 250 points.
2008-01-11 06:29:57 -
Bankruptcy up despite good times
Age - ... agreements have swollen by almost half in just two years, with many households losing their homes after taking out mortgages ... The remaining loans consisted of no-deposit, non-conforming, bridging and reverse-mortgage loans. A survey of 1002 consumers ...
2008-01-11 05:00:00 -
Editorial Commentary: A long slog ahead for U.S. economy
Seattle Post Intelligencer - In addition, the weak economy will raise credit concerns well beyond residential mortgages. Commercial property looks ever ... Prudently looser monetary policy will help, but cannot reverse the credit cycle or the bursting of the housing bubble. Nor ...
2008-01-10 03:53:00 -
Transcript: Republican presidential debate
The State - ... have to realize, is with our dependency upon foreign oil, if we don't begin to reverse that and become energy independent, we well could continue this enslavement to foreign oil, and ultimately wreck our economy. The second thing, subprime mortgages ...
2008-01-11 12:17:00 -
Grant intended to halt foreclosures: Quincy nonprofit to receive $40 ...
Patriot Ledger - ... mortgage default counseling program, first-time home buyer education workshops, tenant-landlord counseling, and reverse ... Foreclosures have skyrocketed in the past two years as interest rates have shifted upward on many adjustable mortgages amid ...
2008-01-11 06:19:00
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