Mortgage and Financial News From 2008-1-11 Page 7

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  • Area housing market could lag until 2010 - The Free Lance-Star

    Area housing market could lag until 2010The Free Lance-Star, VA - 3 minutes ago... the states hit hardest by mortgage problems. McClain said home prices, foreclosure rates and inventories in Virginia localities closest to Washington, ...
    2008-01-11 09:56:32

  • Quiet on the Home Front (New York Times)

    A top-floor apartment was what Michelle Panzer and Paul Campbell wanted most.
    2008-01-11 09:49:14

  • IRS opens e-filing tax season (The Washington Times)

    The e-filing tax season started yesterday in a year when taxpayers must cope with last-minute...
    2008-01-11 09:49:48

  • Bank of America to buy Countrywide for $4.1 billion in stock (The Alliance Review)

    CHARLOTTE, N.C. (AP) -- In a career defined by blockbuster deals, Bank of America chief executive Ken Lewis has taken his biggest gamble yet with an attempt to rescue the country's biggest mortgage lender, Countrywide Financial.
    2008-01-11 09:50:12

  • Gambling man (The Washington Times)

    Bank of America chief executive Ken Lewis' career has been defined by blockbuster deals, and his...
    2008-01-11 09:50:18

  • Bank of America buys Countrywide (The Washington Times)

    In a career defined by blockbuster deals, Bank of America chief executive Ken Lewis has taken his...
    2008-01-11 09:50:28

  • Parent Trap (New York Times)

    Wilson is the most popular author in U.K. libraries exceeding you-know-who.
    2008-01-11 09:51:56

  • In Hindsight: A stormy start to the new year in Silicon Valley (El Paso Times)

    Here's some news you may have missed last week, based on staff and wire reports. Our New Year's resolution for 2008: We'd like to try to be less preoccupied with Mountain View Internet advertising juggernaut Google and (especially) Cupertino iPod, iPhone and "I'm a Mac" maker Apple.
    2008-01-11 09:56:56

  • Countrywide off the market (The Post and Courier)

    CHARLOTTE — In a career defined by blockbuster deals, Bank of America Chief Executive Officer Ken Lewis has taken his biggest gamble yet with an attempt to rescue the country's biggest mortgage lender, Countrywide Financial. Lewis might have become a market savior by buying the troub...
    2008-01-11 09:57:33

  • Cleveland sues banks over foreclosures (El Paso Times)

    CLEVELAND—The city of Cleveland, an epicenter of the nation's home foreclosure crisis, has sued 21 banks and claimed their subprime lending practices created a public nuisance that hurt property values and city tax collections.
    2008-01-11 09:58:37

  • Why holidaymakers face a bumpy ride

    Guardian Unlimited - However, at the current exchange rates, that same basket of goods now costs £233. Once price inflation is added, the total is ... Keeping them for six months could cost up to 3% in lost interest - a credit card borrower could pay 12%. On £1,000 ...
    2008-01-11 03:37:00

  • Fitch Rates Puerto Rico's $4.3B Pension Funding Bonds 'BBB-'

    Forbes - Fitch Rates Puerto Rico's $4.3B Pension Funding Bonds 'BBB-' 01.11.08, 12:33 PM ET ... The current and planned pension funding bond offerings are designed to bring the ... agreement with the fiscal agent whereby they pledge, and grant a security interest ...
    2008-01-11 09:32:00

  • European exporters and American tourists may have to wait for stronger ...

    International Herald Tribune - Federal Reserve's current policy is likely to further depress the dollar, with the Fed leaning toward interest rate cuts and the ECB standing firm and suggesting rates might have to go up. Worried about the sagging U.S. economy, the Fed is cutting ...
    2008-01-11 04:35:00

  • Why drugs may not work for investors

    Financial Times - The drug sector this week enjoyed its best performance since the current bull market started in 2003. As the economic ... For the most part, the sector's earnings power is insensitive to consumer demand, interest rates, commodity prices and the ...
    2008-01-11 07:48:00

  • Fitch Rates Seguin, Texas' $4MM Series 2008 Utility System Revs 'A-'

    Forbes - Fitch Ratings rates the City of Seguin's $4 million series 2008 utility system ... 2004, financial metrics have rebounded and are expected to remain stable at current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2008-01-11 01:36:00

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