Mortgage and Financial News From 2008-2-15 Page 63
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Australian shares end volatile week lower on US economic concerns ...
Forbes - ... bleak assessment of the US economy and warnings of further mortgage-related losses sent investors rushing to the sidelines. 'People are in a negative frame of mind -- any news is bad ... and rising funding costs in the wake of the global credit crisis. ...
2008-02-14 10:21:00 -
Japan Stocks Fall on Property Developer Profit Outlook Concern
Bloomberg - ... 21 billion at Chuo Mitsui Asset Management Co. in Tokyo. ``We haven't seen the end to bad news from credit ... The credit crunch triggered by the subprime-mortgage crisis has worsened the situation for Japanese real-estate funds,'' Credit Suisse ...
2008-02-14 09:02:00 -
Bernanke message curbs Europe gain
Chicago Tribune - ... said additional write-downs were likely for banks and tighter credit will restrain growth. UBS AG shares tumbled to a 41/2-year low in Zurich after the U.S. subprime mortgage crash ... There is clearly potentially further bad news," said Karim Bertoni at ...
2008-02-14 11:47:00 -
Global credit crisis cuts DBS's quarterly profit
International Herald Tribune - ... that quarterly profit had fallen 18 percent because of further write-downs linked to the global credit crisis, but the decline was not as bad ... Collateralized debt obligations repackage assets like mortgage bonds and buyout loans into new securities ...
2008-02-14 11:11:00 -
Credit markets may harm GMAC
Detroit News - The good news is that we bought GMAC cheaply enough so that even with all the bad news in the mortgage market and credit markets, we still are in reasonable shape with our overall investment," Feinberg, 47, wrote in the nine-page letter. The letter ...
2008-02-14 09:52:00 -
Australian shares end volatile week lower on US economic concerns ... - Forbes
Australian shares end volatile week lower on US economic concerns ...Forbes, NY - 2 hours ago... warnings of further mortgage-related losses sent investors rushing to the sidelines. 'People are in a negative frame of mind -- any news is bad news. ...
2008-02-14 10:26:23 -
Mortgages Get More Costly As Fed Cuts Interest Rates - New York Sun
Mortgages Get More Costly As Fed Cuts Interest RatesNew York Sun, NY - 2 hours ago... lived liquidity crunch is again emanating out of the credit markets," he wrote. Not everyone believes Mr. Bernanke's rate cuts are bad for the economy. ...
2008-02-14 11:00:40 -
It's Too Early To Invest in Banks - New York Sun
It's Too Early To Invest in BanksNew York Sun, NY - 2 hours agoPointing to deteriorating home values and a mild recession, she sees mounting losses in residential mortgage and construction, credit cards, auto, ...
2008-02-14 11:00:44 -
Working 9 to 5 (and 5 to 9): Second jobs a way of life - Jackson Clarion Ledger
Working 9 to 5 (and 5 to 9): Second jobs a way of lifeJackson Clarion Ledger, MS - 2 hours agoPlus, he has another mortgage on a home he purchased shortly after Katrina. Manning fixed it up, but has not been able to sell it. ...
2008-02-14 11:08:50 -
Businesses ill-prepared for climate-change costs - Financial Post
Businesses ill-prepared for climate-change costsFinancial Post, Canada - 1 hour agoSimilar to betting on subprime mortgages given to people with bad credit histories, "the assumption that you can safely invest in assets that come from ...
2008-02-14 11:20:08 -
Smarter Tools of Tyranny - Raise the Hammer
Smarter Tools of TyrannyRaise the Hammer, Canada - 1 hour agoBad economic times like the present just exacerbate inequality. Even as most Wall Street companies lost billions in the sub-prime mortgage debacle after ...
2008-02-14 11:43:22 -
Coming to Los Angeles: Labyrinth - Huffington Post
Coming to Los Angeles: LabyrinthHuffington Post, NY - 1 hour agoSo why at this juncture in my life - just as I was beginning to pay off my credit card debt - did I decide to buy a house, taking out a 30-year mortgage? ...
2008-02-14 11:58:38 -
India's FY08 GDP growth to be 8.5%: Morgan Stanley - Moneycontrol.com
India's FY08 GDP growth to be 8.5%: Morgan StanleyMoneycontrol.com, India - 1 hour agoA: Drawback - the trend in mortgage lending rate which is kind of one of the benchmarks - it moved from 7% to 12%, it has come down to about 10.75%. ...
2008-02-14 11:59:29 -
15-02-2008: DBS 4Q profit drops; takes more writedowns - The Edge Daily
15-02-2008: DBS 4Q profit drops; takes more writedownsThe Edge Daily, Malaysia - 1 hour agoWith investor fears of a US recession and a global credit crunch threatening to slow Asian economies and corporate borrowings, analysts have become more ...
2008-02-15 12:02:56 -
Bernanke message curbs Europe gain - Chicago Tribune
Bernanke message curbs Europe gainChicago Tribune, United States - 1 hour agoUBS AG shares tumbled to a 41/2-year low in Zurich after the US subprime mortgage crash led to a record loss and Chief Executive Marcel Rohner declined to ...
2008-02-15 12:03:52