Mortgage and Financial News From 2008-1-30 Page 16

RSS Feed

Previous Day: 2008-01-29

Return to the mortgage news archive home.

  • Fed can't stop US slide

    Age - ... on February 5, according to Credit Suisse. Yesterday's Australia's benchmark S&P/ASX 200 index ended the day down 1.7%, or about 98 points, at 5,619 points. European shares were dragged lower by more big losses related to the US subprime mortgage crisis
    2008-01-30 02:11:00
  • S&P May Make Huge Downgrade

    Hartford Courant - ... of investments tied to bad mortgage loans, the ratings agency said Wednesday. The massive downgrade would threaten a broad swath of the world's finance industry, S&P said, ranging from Wall Street's trading desks to regional banks to local credit ...
    2008-01-30 06:28:00
  • FSA fears credit crisis hitting mortgage holders

    Daily Telegraph - FSA fears credit crisis hitting mortgage holders By Harry Wallop, Consumer Affairs Correspondent ... Bad debts will escalate, it said, and "as economic conditions deteriorate, we are likely to see a greater rise ...
    2008-01-29 03:59:00
  • Fed Cuts Interest Rates by a Half-Point

    NPR News - So if you have an adjustable rate mortgage that's going to reset, now could be an ... fog a mirror, the people now in the best position to get mortgages have good credit ... Whether times are good or bad, financial advisers have the same fundamental ...
    2008-01-30 01:49:00
  • Fed slashes rates to blunt economic slowdown

    MSN MoneyCentral - ... mortgages led to a seizing up of credit markets. While conditions have improved, aftershocks from the subprime mortgage crisis have continued and financial markets remain volatile. The latest wrinkle in the unfolding saga of exposure to bad ...
    2008-01-30 12:09:00
  • UBS takes $14 billion hit from U.S. housing sector

    International Herald Tribune - ... that it had written down $3.6 billion in the value of its mortgage ... by far the most badly damaged of the big European banks by the credit crisis. But its disclosures are symptomatic of how this drama has unfolded in Europe: a steady drip of bad ...
    2008-01-30 03:22:00
  • Wall Street rallies after Fed slashes rates

    MSNBC - Financial markets remain under considerable stress, and credit has tightened further for some businesses and households ... Concerns that the world’s banks have not seen the last of the fallout from the subprime mortgage crisis were reinforced by ...
    2008-01-30 11:40:00
  • LIBOR introduces interest rate floor - Marketplace

    LIBOR introduces interest rate floorMarketplace, CA - 3 hours agoThe last thing the economy needs now is more loans gone bad, so smart lenders are building in some insurance. ASHLEY MILNE-TYTE: When companies apply to a ...
    2008-01-30 04:39:44
  • Shares claw back early losses - The Age

    Shares claw back early lossesThe Age, Australia - 2 hours agoAnd in a separate report, rival ratings Standard & Poor's said it may cut or reduce ratings on $US534 billion of subprime-mortgage securities and other debt ...
    2008-01-30 05:33:08
  • Record profits at BNP - Financial Times

    Record profits at BNPFinancial Times, UK - 2 hours ago... from the US subprime mortgage crisis, BNP said it had taken €589m of writedowns to its credit portfolio and an additional €309m of bad loan provisions. ...
    2008-01-30 05:59:39
  • Foreclosure Rates Divided Among Region - Springdale Morning News

    Foreclosure Rates Divided Among RegionSpringdale Morning News, AR - 2 hours agoTodd White, senior vice president of Arvest Mortgage Co. in Lowell, said he wasn't surprised that 2007 numbers were higher than 2006. ...
    2008-01-30 06:05:08
  • A proposal for how to avoid the next crash - Financial Times

    A proposal for how to avoid the next crashFinancial Times, UK - 1 hour agoBy Charles Goodhart and Avinash Persaud The likelihood of a credit crunch, though not its exact form, was in fact well forecast by the regulatory community. ...
    2008-01-30 06:19:42
  • Historical Trends of the Price of Gold During Recessionary Periods - Daily Reckoning - Australian Edition

    Historical Trends of the Price of Gold During Recessionary PeriodsDaily Reckoning - Australian Edition, Australia - 1 hour agoWhat happens if the global economic crisis gets so bad that it trumps any and all inflationary influences and we enter a straight-up deflationary recession? ...
    2008-01-30 06:25:41
  • Bernanke's Fed: an "academic in a china shop?" - Los Angeles Times

    Bernanke's Fed: an "academic in a china shop?"Los Angeles Times, CA - 1 hour agoI've also been wanting to pass along this recent Fed analysis from another favorite, mortgage broker/pundit Lou Barnes. For months Barnes had been on the ...
    2008-01-30 06:26:39
  • Adrian Hamilton: The question remains: is King up to the job? - Independent

    Adrian Hamilton: The question remains: is King up to the job?Independent, UK - 1 hour agoBut transparency of itself doesn't make better decisions, although it may help prevent bad ones. Take the action to rescue Northern Rock, which has caused ...
    2008-01-30 06:41:12