Mortgage and Financial News From 2008-2-5 Page 18

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  • Poor lookout for homeowners losing £470 a month - Times Online

    Poor lookout for homeowners losing £470 a monthTimes Online, UK - 4 hours agoHalifax has mortgages to sell while Tradition’s prices may be distorted because its client base is dominated by investors looking for an easy hedge against ...
    2008-02-05 02:50:51
  • Cut-price loans for Reserve Bank staff

    News.com.au - ... of assessment, obtained under Freedom of Information laws, shows it paid $590,810 in FBT on mortgage ... It's all very well raising the interest rates to cut spending but this surely only affects the people who have loans, morgtages and credit cards ...
    2008-02-05 05:24:00
  • Deutsche Bank May Miss Profit Goal Even After Dodging Subprime

    Bloomberg - While early bets against U.S. subprime mortgages helped Deutsche Bank avoid the record losses reported by UBS AG, Citigroup ... Credit Suisse, Switzerland's second-biggest bank after UBS, may report full-year profit of 8.7 billion francs on Feb. 12 ...
    2008-02-05 03:15:00
  • Dow Plunges 350 on Weak Service Sector

    Los Angeles Times - NEW YORK -- Stocks slumped for a second straight session Tuesday after Wall Street saw an unexpected contraction in ... Further downgrades would mean the securities -- many of which are backed by mortgages -- are worth even less than many ...
    2008-02-05 01:28:00
  • Stocks pounded as recession fears spread; stocks off 3%

    USA Today - NEW YORK — Stocks pulled back sharply for the second straight session Tuesday, after an unexpected contraction in the ... Further downgrades would mean the securities — many of which are backed by mortgages — are worth even less than many ...
    2008-02-05 03:22:00
  • Sketch:They’re all in the running for a flipping good race

    Times Online - He told us about his expenses (he claims an allowance for his second home in Oxfordshire – interest-only mortgage) and how much he loves his job, whatever the pay. The halo was glowing. Dave was asked about the Wintertons, the Tory couple who pay ...
    2008-02-05 02:25:00
  • Surprising Low-Rated Stocks the Leaders Love

    Motley Fool - Large mortgage exposure especially to second mortgages which are proven to be the most risky of them all," olenoides wrote. CAPS player Yodi13 agreed:"Too much exposure to subprime. Will dividend hold up?" On the other hand, CAPS investor kmote ...
    2008-02-05 12:30:00
  • Cloud Cast Over Sun Belt (Washington Post)

    In once-booming areas, now hard hit by housing crisis, stimulus plan could be too little, too late.
    2008-02-04 08:56:44
  • FBL Financial Group Inc at Citigroup Financial Services Conference ... - Insurance News Net (press release)

    FBL Financial Group Inc at Citigroup Financial Services Conference ...Insurance News Net (press release), PA - 6 hours agoWe also have no exposure to adjustable rate mortgages. We have two strong operating subsidiaries within FBL Financial Group -- Farm Bureau Life Insurance ...
    2008-02-05 12:11:18
  • Bonds unbound: Crunch time for credit insurers (MSNBC)

    If the ongoing turmoil in the world’s financial markets has made anything clear, it’s that the list of things that can go wrong in those markets is a very long one. By  The New Yorker's James Surowiecki.
    2008-02-05 07:48:59
  • Banks reportedly mull group for FGIC - Forbes

    Banks reportedly mull group for FGICForbes, NY - 2 hours agoThe bond insurers are facing downgrades because they guaranteed the principle and interest payments of securities underpinned by subprime mortgage loans. ...
    2008-02-05 04:32:53
  • Standard Pacific Records $767M Year-End Loss - Builder Magazine

    Standard Pacific Records $767M Year-End LossBuilder Magazine, DC - 6 hours agoFor the year, StanPac's average selling price softened by 6 percent to $377000, and the availability of mortgages resulted in some "softening" in the sales ...
    2008-02-05 01:00:10
  • Wall Street takes dive on weak service sector data - Xinhua

    Wall Street takes dive on weak service sector dataXinhua, China - 5 hours agoFurther downgrades would mean the securities - many of which are backed by mortgages - are worth even less than many investors thought. ...
    2008-02-05 01:26:25
  • The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps ... - RGE Monitor

    The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps ...RGE Monitor, NY - 5 hours ago... second, because of a credit bubble that went beyond mortgages and because of reckless financial innovation and securitization the ongoing credit bust ...
    2008-02-05 01:43:01
  • AUST: Interest rate rise puts pressure on households - 06/02/2008 - Radio Australia

    AUST: Interest rate rise puts pressure on households - 06/02/2008Radio Australia, Australia - 1 hour agoDr Keen told Peter Ryan it's only a matter of time before the widespread mortgage defaults seen in the United States are reflected in Australia's debt-laden ...
    2008-02-05 05:31:04