Mortgage and Financial News From 2008-1-31 Page 8

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  • Rates on 30-year mortgages rise after 4 straight weekly declines

    CNBC - Rates on 30-year mortgages are heavily influenced by the direction taken by 10-year Treasury bonds. The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week as it continued an aggressive effort to lower ...
    2008-01-31 02:09:00

  • Expansion, contraction in Scarborough manufacturing - Ontario Mirror Guardian

    Expansion, contraction in Scarborough manufacturingOntario Mirror Guardian, Canada - 5 hours ago"They're finding it really difficult to pay mortgages. Families have been destroyed here," Burton said this week at the Shorting Road office of the local, ...
    2008-01-31 03:57:35

  • MBIA seeks to reassure investors; S&P puts on review - Guardian Unlimited

    MBIA seeks to reassure investors; S&P puts on reviewGuardian Unlimited, UK - 5 hours agoIt also set aside $713.5 million, including $100 million for an unallocated loss reserve for MBIA's prime, second-lien mortgage exposure. ...
    2008-01-31 03:57:41

  • SRM seeks to block Countrywide takeover - Times Online

    SRM seeks to block Countrywide takeoverTimes Online, UK - 5 hours agoJon Wood, the celebrated former UBS trader and rebel shareholder in Northern Rock, has turned his sights on Countrywide, America’s biggest mortgage lender. ...
    2008-01-31 04:02:14

  • SA debt traders clean so far - Moneyweb

    SA debt traders clean so farMoneyweb, South Africa - 5 hours agoThis means the bulk of them are invididuals, who owe on their mortgages, credit cards, cars and consumer durables. Many debtors, who fall into arrears, ...
    2008-01-31 04:06:14

  • City's relief as bonuses defy credit crunch - Financial Times

    City's relief as bonuses defy credit crunchFinancial Times, UK - 3 hours agoMany banks suffered multi-billion dollar losses on subprime mortgage investments in the second half of last year. That has reduced the potential bonus pool. ...
    2008-01-31 05:58:14

  • Korea Exchange Bank's 2007 net falls 5.9 pct - Trading Markets (press release)

    Korea Exchange Bank's 2007 net falls 5.9 pctTrading Markets (press release), CA - 3 hours agoLone Star would recoup 85.4 percent of its 2.15 trillion won investment in KEB from the dividend for the second straight year and a sale of part of its ...
    2008-01-31 06:01:03

  • Blowback from the GOP's holy war - Salon

    Blowback from the GOP's holy warSalon - 3 hours agoThe American public, worried about mortgages, recession and a seemingly interminable war in Iraq, was unimpressed -- those who fear-mongered the most about ...
    2008-01-31 06:11:16

  • In Dr. Paul, We Trust - Nolan Chart LLC

    In Dr. Paul, We TrustNolan Chart LLC, VA - 3 hours agoIn the current economic state, people can't afford to pay their mortgages, so how will they be able to pay for their credit cards too? ...
    2008-01-31 06:45:00

  • As spending slows, so does tipping - Medill Reports

    As spending slows, so does tippingMedill Reports, IL - 2 hours agoThe reason they’re not able to is that prices are falling and it’s tougher to get a mortgages,” Kasriel said. The overall US economy went cold in the fourth ...
    2008-01-31 07:09:29

  • Hong Kong shares firmer on Wall St rise, but Chinese winter to ... - Forbes

    Hong Kong shares firmer on Wall St rise, but Chinese winter to ...Forbes, NY - 2 hours agoYesterday, Japanese banks joined their peers in the US and UK in announcing losses from their investments in securities linked to unpaid housing mortgages. ...
    2008-01-31 07:10:54

  • Mizuho Falls on Concerns of More Subprime Losses (Update1) - Bloomberg

    Mizuho Falls on Concerns of More Subprime Losses (Update1)Bloomberg - 1 hour ago``We've cut our forecast for Mizuho for the full year based on our worst case scenario of 330 billion yen more in costs'' related to residential mortgages, ...
    2008-01-31 08:16:43

  • Price slump wipes €24000 off value of the average house - Irish Independent

    Price slump wipes €24000 off value of the average houseIrish Independent, Ireland - 40 minutes agoMeanwhile, figures released yesterday by the Central Bank showed that the growth in lending for residential mortgages was at its lowest level in 12 years in ...
    2008-01-31 09:08:14

  • Oregon Logger Learns to Adapt to Succeed: A-1 Logging Benefits ... - TimberLine

    Oregon Logger Learns to Adapt to Succeed: A-1 Logging Benefits ...TimberLine, VA - 39 minutes agoWhen asked about the economy and how it’s affecting him, Larry replied, “The economy is definitely down because of the housing market, all those mortgages ...
    2008-01-31 09:09:16

  • The January slide: It could have been worse - Pittsburgh Post Gazette

    The January slide: It could have been worsePittsburgh Post Gazette, PA - 30 minutes agoJanuary could have been a lot worse, given how bad the market was battered earlier in the month by concerns over subprime mortgages and the faltering ...
    2008-01-31 09:18:39

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