Mortgage and Financial News From 2008-2-15 Page 67
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Bank of East Asia 2nd-Half Profit Rises on Loans (Update2)
Bloomberg - Feb. 15 (Bloomberg) -- Bank of East Asia Ltd., Hong Kong's third biggest, had a 21 percent increase in second-half profit ... The lender holds $600 million of CDOs that don't include U.S. subprime mortgages, Angeline Tse, head of strategic planning ...
2008-02-14 10:28:00 -
Fed chairman's comments rattle Asian markets - International Herald Tribune
Fed chairman's comments rattle Asian marketsInternational Herald Tribune, France - 4 hours agoBond insurers face billions of dollars in payouts after they guaranteed repackaged subprime mortgages and other risky debt. The Swiss bank UBS shocked ...
2008-02-14 07:32:15 -
What's a recession? How will US slowdown hit India - Rediff
What's a recession? How will US slowdown hit IndiaRediff, India - 4 hours agoThe defaults on sub-prime mortgages (homeloan defaults) have led to a major crisis in the US. Sub-prime is a high risk debt offered to people with poor ...
2008-02-14 07:40:06 -
Air Arabia's strong profits boost bourses - Khaleej Times
Air Arabia's strong profits boost boursesKhaleej Times, United Arab Emirates - 3 hours agoEgyptian Mortgage Finance Authority has said that Tamweel Egypt for Real Estate Finance may begin operating in the second-quarter of the year. ...
2008-02-14 08:08:28 -
Communty news briefs: Horsemanship classes being offered - North County Times
Communty news briefs: Horsemanship classes being offeredNorth County Times, CA - 3 hours agoVISTA ---- OASIS will present a class, "Access Your Assets-Reverse Mortgages Explained" from 10 to 11:30 am Feb. 22 at the Gloria McClellan Senior Center, ...
2008-02-14 08:19:49 -
Outsourcing blip predicted for India - Rediff
Outsourcing blip predicted for IndiaRediff, India - 3 hours agoThe outsourcing industry, which provides services ranging from developing software for overseas clients to managing back office processing of mortgages, ...
2008-02-14 08:28:47 -
Dodds points to spending splurges by former manager - The Union Leader
Dodds points to spending splurges by former managerThe Union Leader, NH - 2 hours ago27, 2006, and that same day, Gary Dodds signed the actual mortgage. Approval for the second loan, worth $30000, was signed by Gary Dodds on March 25, 2006, ...
2008-02-14 09:06:57 -
Indian political caution adds to risks - Rediff
Indian political caution adds to risksRediff, India - 2 hours agoGrowth in new motor loans and mortgages has collapsed, and production of consumer goods has weakened. Again, it is the poor who have been hit hardest, ...
2008-02-14 09:16:31 -
Bernanke gives gloomy view - Winston-Salem Journal
Bernanke gives gloomy viewWinston-Salem Journal, NC - 2 hours agoBernanke told the Senate Banking Committee that the housing slump and a credit crisis triggered by rising defaults in subprime mortgages had greatly ...
2008-02-14 09:23:53 -
Thomson Financial Europe AM at a glance share guide: Stocks, oil mixed - Forbes
Thomson Financial Europe AM at a glance share guide: Stocks, oil mixedForbes, NY - 2 hours agoIn corporate news, Switzerland-based bank UBS AG which reported a fourth-quarter net loss of 11.28 bln usd due to investments in US subprime mortgages, ...
2008-02-14 09:27:12 -
Bond Insurers' Breakup, Yahoo-MySpace, Level 3's Fall: Timshel - Bloomberg
Bond Insurers' Breakup, Yahoo-MySpace, Level 3's Fall: TimshelBloomberg - 2 hours agoWhile the company reported a $23 million operating profit in this category for the fiscal second quarter, ended in December, the earnings followed a ...
2008-02-14 09:38:51 -
Singapore shares off lows at midday on bargain hunting - Interactive Investor
Singapore shares off lows at midday on bargain huntingInteractive Investor, UK - 2 hours agoOlam International Ltd rose 9 cents to 2.64 dollars after it reported a 25.4 percent rise in second-quarter net profit. Other blue chips retreated. ...
2008-02-14 09:46:11 -
Fed admits outlook for US economy “has worsened” - MercoPress
Fed admits outlook for US economy “has worsened”MercoPress, Uruguay - 1 hour ago... shutdown" of the market for subprime mortgages and a reluctance by lenders to make "jumbo" home loans have aggravated problems in the housing market. ...
2008-02-14 10:07:08 -
Bank of East Asia 2nd-Half Profit Rises on Loans (Update2) - Bloomberg
Bank of East Asia 2nd-Half Profit Rises on Loans (Update2)Bloomberg - 1 hour agoThe lender holds $600 million of CDOs that don't include US subprime mortgages, Angeline Tse, head of strategic planning, said in an interview in December. ...
2008-02-14 10:38:01 -
Japan's Bonds Rise as US Slowdown May Hurt Exports, Growth - Bloomberg
Japan's Bonds Rise as US Slowdown May Hurt Exports, GrowthBloomberg - 1 hour agoA US housing market slump and widening losses on securities tied to subprime mortgages has made banks reluctant to lend. Bernanke said in testimony to the ...
2008-02-14 10:38:30