Mortgage and Financial News From 2008-2-5 Page 8

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• What Caused Home the Mortgage Market to Go Out of Control? - Gold Seek

  What Caused Home the Mortgage Market to Go Out of Control?Gold Seek - 59 minutes agoAdditionally in the model, I bet assumptions about the default rate are very low, interest rates remain low so refinancing would never be a problem. ...
  2008-02-05 09:01:40

• Producer Teddy Riley In Financial Trouble, Puts Studio On The Market (SOHH)

  In light of recent troubles with several creditors, legendary hit maker Teddy Riley - the "King of New Jack Swing" - is putting his Virginia Beach recording studio up for sale. Visit SOHH.com for the complete story.
  2008-02-05 09:40:24

• Decline in US service industries heightens recession fears, sparks ... - World Socialist Web Site

  Decline in US service industries heightens recession fears, sparks ...World Socialist Web Site, MI - 57 minutes agoThe sell-off reversed gains registered last week following the Federal Reserve Board’s extraordinary moves to lower short-term interest rates. ...
  2008-02-05 09:03:02

• Clinton speech excerpts (The San Luis Obispo Tribune)

  Excerpts from Hillary Rodham Clinton's speech on Super Tuesday, as transcribed by CQ Transcriptions. --- You know, tonight, we are hearing the voices of people across America, people of all ages, of all colors, all faiths and all walks of life, people on the day shift, the night shift, the late shift, with the crying babies, moms and dads who want a better world for our children, young people ...
  2008-02-05 09:40:25

• France: Thousands of retail workers strike for better wages and ... - World Socialist Web Site

  France: Thousands of retail workers strike for better wages and ...World Socialist Web Site, MI - 57 minutes agoThe FT points out that the ECB, in keeping Eurozone interest rates at 4 percent, has not responded to the US Federal Reserve Board’s decision to drastically ...
  2008-02-05 09:03:07

• Mortgage fraud soared last year (The Kansas City Star)

  Mortgage fraud passed $4 billion in 2007, a dramatic increase from $1.6 billion in 2006, according to a report by MortgageDaily.com.
  2008-02-05 09:49:51

• Bell Aliant Announces Distribution Increase with Fourth Quarter ... - CNW Telbec (Communiqués de presse)

  Bell Aliant Announces Distribution Increase with Fourth Quarter ...CNW Telbec (Communiqués de presse), Canada - 53 minutes agoLower distributable cash as a result of the sale of Bell Aliant's interest in Aliant Directory Services earlier in 2007 also contributed to the decline. ...
  2008-02-05 09:07:01

• U.S. service sector shrinks for the first time in 5 years, heightening recession fears (Savannah Morning News)

  NEW YORK - Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector - its banks, travel companies, contractors and stores, among others - shrank for the first time in five years.
  2008-02-05 09:53:41

• Earnings roundup: BP, NYSE Euronext

  Boston Globe - NEW YORK (AP) -- GMAC LLC said Tuesday it lost $724 million in the final quarter of 2007 as the housing slump and disruptions in the credit and capital markets battered the lender's home mortgage division. TOKYO (AP) -- Sales growth in China and other ...
  2008-02-05 03:22:00

• Meetings in Tracy, Currie held in preparation for school building ... - Marshall Independent

  Meetings in Tracy, Currie held in preparation for school building ...Marshall Independent, MN - 50 minutes agoSchmitt cautioned that the tax rates used in the presentation were for 2008 and may change in the future. Gary Benson of Krause Anderson, the firm managing ...
  2008-02-05 09:10:02

• Commonwealth Bank lifts home loan rate by 30 bps

  Reuters - SYDNEY, Feb 6 (Reuters) - Commonwealth Bank of Australia Ltd (CBA.AX: Quote , Profile , Research ), the nation's biggest mortgage lender, said on Wednesday it would raise home loan rates by 30 basis points, exceeding the 25 basis point rise in ...
  2008-02-04 03:59:00

• BP plc Group Results Fourth Quarter and Full Year 2007 - CNW Telbec (Communiqués de presse)

  BP plc Group Results Fourth Quarter and Full Year 2007CNW Telbec (Communiqués de presse), Canada - 47 minutes ago<< -- The effective tax rate on replacement cost profit from continuing operations for the fourth quarter was 45% compared with 25% a year ago. ...
  2008-02-05 09:12:46

• Contraction of service economy erodes hope of avoiding recession (The Post and Courier)

  NEW YORK — Lingering hopes that the U.S. economy might avert a recession withered Tuesday with the news that the nation's massive service sector — its banks, travel companies, contractors and stores, among others — shrank for the first time in five years. It was unwelcome...
  2008-02-05 09:58:24

• Shoppers Drug Mart Corporation announces strong results - CNW Telbec (Communiqués de presse)

  Shoppers Drug Mart Corporation announces strong resultsCNW Telbec (Communiqués de presse), Canada - 46 minutes agoThe following table summarizes the impact on the Company's opening balance sheet for fiscal 2007 as a result of the adjustments relating to interest rate ...
  2008-02-05 09:13:43

• Commonwealth Bank hikes its home loan rate

  News.com.au - CBA, which is Australia's biggest mortgage lender, had already lifted the rate on its variable home loans by 10 basis points last month, despite no action by the central bank. "As a result of increased funding costs experienced by all Australian ...
  2008-02-05 07:18:00

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