Mortgage and Financial News From 2008-2-15 Page 68
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GLOBAL MARKETS-Asia stocks dip, but see year's first weekly gain - Guardian Unlimited
GLOBAL MARKETS-Asia stocks dip, but see year's first weekly gainGuardian Unlimited, UK - 35 minutes agoBond insurers face billions of dollars in payouts after they guaranteed repackaged subprime mortgages and other risky debt. These investments have led to ...
2008-02-14 11:25:19 -
Millville officials say the city benefits from affordable housing - Press of Atlantic City
Millville officials say the city benefits from affordable housingPress of Atlantic City, NJ - 32 minutes agoBy EDWARD VAN EMBDEN Staff Writer, 856-649-2072 MILLVILLE - In her student-built home near the corner of Second and Broad streets, Sharon Ellenwood says she ...
2008-02-14 11:27:37 -
Markets turmoil to hit BoI results - RTE.ie
Markets turmoil to hit BoI resultsRTE.ie, Ireland - 28 minutes agoThese are the types of assets which have been hardest hit by the crisis in world markets, as some of them were linked to risky US mortgages.
2008-02-14 11:32:06 -
Bank of East Asia 2nd-Half Profit Rises on Loans (Update2) (Bloomberg.com)
Feb. 15 (Bloomberg) -- Bank of East Asia Ltd., Hong Kong's third biggest, had a 21 percent increase in second-half profit, as economic growth in the city and mainland China drove demand for loans.
2008-02-14 10:42:02 -
Japan's Bonds Rise as U.S. Slowdown May Hurt Exports, Growth (Bloomberg.com)
Feb. 15 (Bloomberg) -- Japanese 10-year bonds rose, ending a two-day decline, on speculation a slowing U.S. economy will reduce demand for Asian exports.
2008-02-14 10:44:04 -
Bond Insurer Bristles at Gov't Bailout (WJLA-TV Washington D.C.)
Lawmakers on Thursday reached for remedies to ease the financially strained bond industry, suggesting government intervention may be needed as the distress infects other areas of the economy.While a major U.S. bond insurer, MBIA Inc., cautioned members of a House subcommittee against stricter government regulation or a bailout, another — Financial Guaranty Insurance Co. — saw its credit rating ...
2008-02-14 11:05:50 -
Tenants can't keep up with upkeep fee (Herald News)
NORTH HALEDON -- Janelle Calderone, a 26-year-old single mother of two, thought that when she bought her first home, an affordable-housing unit at Lakeside at North Haledon, her life would be easier.
2008-02-14 11:21:14 -
Fed chairman pessimistic (Deseret Morning News)
Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy on Thursday and signaled that the Fed will cut interest rates further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.
2008-02-14 11:23:29 -
Bernanke issues sobering forecast (Arizona Daily Star)
WASHINGTON — While Federal Reserve Chairman Ben Bernanke won't say the economy is in a recession, he is using a lot of other downbeat words to describe the fix the country is in.
2008-02-14 11:24:34 -
Fed chairman tells Congress that business prospects are deteriorating (The Journal News)
WASHINGTON - Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy yesterday and signaled that the Fed will cut interest rates further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.
2008-02-14 11:37:40 -
Markets turmoil to hit BoI results (RTÉ News)
Bank of Ireland says continuing volatility on financial markets will affects its performance for the year to the end of March. In a trading update, it also warned that this may remain a factor well into 2008.
2008-02-14 11:40:12