Mortgage and Financial News From 2008-1-31 Page 5
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The Billion-Dollar Losers
BusinessWeek - The U.S. economy's troubles began in the financial sector last summer, as bad mortgage debt caused havoc in the credit markets. As a result, some of the biggest losers are CEOs in the financial sector. The portfolio losses of top financial CEOs on ...
2008-01-31 09:19:00 -
Life After AAA: Can FGIC Survive? - Forbes
Life After AAA: Can FGIC Survive?Forbes, NY - 3 hours agoThe bad news usually comes in multiples from the ratings agencies. A day after it was downgraded by Fitch Ratings, Financial Guaranty Insurance, ...
2008-01-31 07:36:40 -
Fed cuts rate by 50 bps: Are experts happy? - Moneycontrol.com
Fed cuts rate by 50 bps: Are experts happy?Moneycontrol.com, India - 2 hours agoBut the big problem for the Fed, I think is that they must try to lower the 30-year mortgage rate and that is difficult to do and to bring them down ...
2008-01-31 08:13:12 -
Local bonds stay on top of US crisis - Business Report
Local bonds stay on top of US crisisBusiness Report, South Africa - 2 hours agoSecuritisation, which involves the issuing of bonds backed by assets, took a knock across the globe after the US subprime mortgage market experienced ...
2008-01-31 08:30:53 -
Feeling more vulnerable these days? - ReportonBusiness.com
Feeling more vulnerable these days?ReportonBusiness.com, Canada - 1 hour agoThe sudden and widespread collapse of complicated mortgages given to borrowers with poor credit was a textbook illustration of what happens when financial ...
2008-01-31 09:17:51 -
The Billion-Dollar Losers - BusinessWeek
The Billion-Dollar LosersBusinessWeek - 1 hour agoThe US economy's troubles began in the financial sector last summer, as bad mortgage debt caused havoc in the credit markets. ...
2008-01-31 09:17:56 -
Getting Knocked Down by Prime ARMs - BusinessWeek
Getting Knocked Down by Prime ARMsBusinessWeek - 1 hour agoLenders and banks have been taken to the woodshed for irresponsibly giving money to home buyers with poor credit just so they could bundle up the mortgages ...
2008-01-31 09:18:04 -
Hedgemedia's AltInvestment Global News Round-Up: Private equity ... - HedgeWeek
Hedgemedia's AltInvestment Global News Round-Up: Private equity ...HedgeWeek, UK - 1 hour agoThe fund managed by Sydney-based Basis Capital was stung by bad credit bets and can hope to return only USD62m, its co-liquidator Grant Thornton said. ...
2008-01-31 09:19:24 -
US and European Economies Heading for Depression 2.0 - The Market Oracle
US and European Economies Heading for Depression 2.0The Market Oracle, UK - 1 hour agoWell, of course they did try that in stock exchanges with mortgage backed securities, MBS, and we all know that is what started the unraveling of our world ...
2008-01-31 09:20:35 -
Macklowe to Sell GM Building This Month to Pay Debt, People Say - Bloomberg
Macklowe to Sell GM Building This Month to Pay Debt, People SayBloomberg - 1 hour agoMacklowe is selling as lenders limit the availability of credit in the wake of rising delinquencies in the subprime mortgage market. ...
2008-01-31 09:23:00 -
Nerve Tonic - Harrisonburg Daily News Record
Nerve TonicHarrisonburg Daily News Record, VA - 23 minutes agoThat's good news for borrowers, but bad news for savers, according to John Beiler, chief executive officer with Park View Federal Credit Union in ...
2008-01-31 10:13:19 -
Property investors "unlikely" to be held back by student debt - Equity Property Portfolios
Property investors "unlikely" to be held back by student debtEquity Property Portfolios, UK - 23 minutes agoOn the back of this, mortgage firm mform.co.uk issued a warning in which it said the number of loans being refused to housebuyers could be set to increase ...
2008-01-31 10:13:35 -
Wall Street Embraces Big Government to Stave Off US Recession - Bloomberg
Wall Street Embraces Big Government to Stave Off US RecessionBloomberg - 13 minutes agoCountrywide reported a net loss of $703.5 million in 2007, dragged down by loans to people with bad credit, and the Calabasas, California-based company ...
2008-01-31 10:23:26 -
America's teetering banking system - Online Journal
America's teetering banking systemOnline Journal, FL - 11 minutes agoThat's bad news for the housing market. Now, here's the shocker: Bernanke knew that the price of a mortgage would increase if he slashed rates, ...
2008-01-31 10:25:45 -
The Billion-Dollar Losers (BusinessWeek)
After a bleak month for the stock market, BusinessWeek's analysis shows even the richest and savviest of top U.S. executives have been wounded by the market's gyrations
2008-01-31 09:39:34
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