Mortgage and Financial News From 2008-1-12 Page 9
Previous Day: 2008-01-11
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Investors bale out of Britain - Times Online
Investors bale out of BritainTimes Online, UK - 2 hours agoA weaker pound has its downsides if you have a foreign holiday home and have financed it using a mortgage in an overseas currency, say the euro or dollar. ...
2008-01-12 03:03:38 -
Cruel Jokes, and No One Is Laughing - New York Times
Cruel Jokes, and No One Is LaughingNew York Times, United States - 2 hours agoThere’s nothing like black humor to define — however sadly and starkly — the blows that keep on coming in this mortgage debacle. But make no mistake, ...
2008-01-12 03:12:02 -
NY, Connecticut Probe Wall Street Loan Disclosures (Update2) - Bloomberg
NY, Connecticut Probe Wall Street Loan Disclosures (Update2)Bloomberg - 1 hour agoThe new focus in existing probes of the mortgage industry is whether banks left out material details in their disclosures about the risks posed by extremely ...
2008-01-12 03:46:50 -
City Eye: He talked a great game but did the City listen? - Independent
City Eye: He talked a great game but did the City listen?Independent, UK - 50 minutes agoThe private-equity lobby argues that publicly quoted companies are subject to the vagaries of presentation. So much of a company's share price, it is said, ...
2008-01-12 04:34:57 -
Profit warnings hit six-year high - BBC News
Profit warnings hit six-year highBBC News, UK - 46 minutes agoOne in five warnings blamed the fallout from the US sub prime mortgage crisis and the credit crunch. Most of those were from firms outside the financial ...
2008-01-12 04:38:30 -
Election year usually turns out a winner (The Press-Enterprise)
STOCK MARKET: Months before presidential vote there is typically a rally, but 2008 cycle faces big obstacles.
2008-01-12 04:07:38 -
New York probes Wall St. banks over subprime data: report (KPLC Lake Charles)
NEW YORK (Reuters) - New York prosecutors are investigating whether Wall Street banks withheld information about the risks stemming from subprime loan-linked investments, The New York Times...
2008-01-12 04:13:30 -
Five Reasons Foreign Money Boosts the U.S. Economy (US News & World Report)
Overseas funding helps keep interests rates low and growth humming—and is often a better deal for us than for them.
2008-01-12 04:15:11 -
So We Thought. But Then Again . . . (NYTimes.com via Yahoo! Finance)
Harry S Truman once said he wanted to talk to a one-armed economist, “so that the guy could never make a statement and then say: ‘on the other hand.’ ”.
2008-01-12 04:38:59 -
Will Nardelli Be Chrysler’s Mr. Fix-It? (NYTimes.com via Yahoo! Finance)
A Detroit outsider faces an industry slump and a tough economy.
2008-01-12 04:39:00 -
Cruel Jokes, and No One Is Laughing (NYTimes.com via Yahoo! Finance)
WHAT do banks call it when a troubled borrower abandons her home, sending them the keys?.
2008-01-12 04:39:01 -
Profit warnings hit six-year high (BBC News)
Nearly 400 profit warnings were issued by UK listed firms in 2007, including retailers and leisure companies.
2008-01-12 04:42:52 -
BofA to pay $4.1B to buy Countrywide (El Paso Times)
CHARLOTTE, N.C.—Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank.
2008-01-12 05:02:42 -
WSJ: Citi may get cash from Saudi Prince (El Paso Times)
NEW YORK—Prince Alwaleed bin Talal, the Citigroup shareholder that came to the bank's rescue during the credit crisis of the early 1990s, might do so again now, the Wall Street Journal reported on its Web site Friday, citing people familiar with the matter.
2008-01-12 05:02:52 -
Disposable mortgages (Milwaukee Journal Sentinel)
Ken King, who helps Sheboygan-area consumers with debt problems, has noticed a change in attitude among some who come...
2008-01-12 05:09:26
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