Mortgage and Financial News From 2008-1-30 Page 6

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• Durable good orders rise in December - Munster Times

  Durable good orders rise in DecemberMunster Times, IN - 40 minutes agoMeanwhile, a key index that tracks home prices plunged a record 8.4 percent in November. The drop in the Standard & Poor's/Case-Shiller 10-city composite ...
  2008-01-30 10:19:48

• Looking Back - Kalona News

  Looking BackKalona News, IA - 32 minutes agoThe judgment was for $2500, but the sale netted only $45.05 for the mortgage holders. Daniel Miller is the proud owner of a Chevrolet sport coupe. ...
  2008-01-30 10:27:37

• Nomura Net Falls as Banking Fees Slump, Costs Swell (Update2) - Bloomberg

  Nomura Net Falls as Banking Fees Slump, Costs Swell (Update2)Bloomberg - 29 minutes agoNomura closed its Chicago office last year and took a 73 billion yen writedown on mortgage loans in the second quarter, leading to its first loss in four ...
  2008-01-30 10:31:11

• Everyone hopes Fed's action will benefit economy - Florida Today

  Everyone hopes Fed's action will benefit economyFlorida Today, FL - 28 minutes agobased financial adviser, said, with the Fed's actions, homeowners with an adjustable-rate mortgage shouldn't waste any time switching to a fixed-rate ...
  2008-01-30 10:31:49

• Signs of trouble in Medina finances - Houston Chronicle

  Signs of trouble in Medina financesHouston Chronicle, United States - 26 minutes agoMedina's first home equity loan would have pulled out any cash that he and his wife had in the property, home mortgage experts said. ...
  2008-01-30 10:33:31

• As Calpine emerges from bankruptcy, shareholder protests - Houston Chronicle

  As Calpine emerges from bankruptcy, shareholder protestsHouston Chronicle, United States - 26 minutes agoThe judge said a delay could give lenders a chance to back out of the financing deal, which was struck last year before the subprime mortgage crisis damaged ...
  2008-01-30 10:33:32

• MORTGAGE RELIEF BILL FALLS SHORT IN SENATE; PERATA VOWS TO ... - California Chronicle

  MORTGAGE RELIEF BILL FALLS SHORT IN SENATE; PERATA VOWS TO ...California Chronicle, CA - 25 minutes ago"When a home is taken away from a California family, everyone loses – the family, the neighborhood and the local agencies that depend on property taxes," ...
  2008-01-30 10:34:42

• In Europe, Questions Over Continuing Write-Downs - New York Times

  In Europe, Questions Over Continuing Write-DownsNew York Times, United States - 22 minutes agoBy MARK LANDLER and JULIA WERDIGIER FRANKFURT — When UBS disclosed in October that it had written down $3.6 billion in mortgage-backed securities, ...
  2008-01-30 10:38:09

• Plenty of time to rip profits - The News-Press

  Plenty of time to rip profitsThe News-Press, FL - 21 minutes agoAn inquiry into the subprime mortgage mess, that has precipitated this recession, and new regulations to control any such future adventures. ...
  2008-01-30 10:38:26

• Amendment 1 will take time to help economy - The News-Press

  Amendment 1 will take time to help economyThe News-Press, FL - 21 minutes ago... about when home prices first started to decline, adversely affecting the value of millions of mortgages, top heavy with subprime loans, held by mortgage ...
  2008-01-30 10:38:27

• Australian Stocks Complete Worst Month in More Than 20 Years - Bloomberg

  Australian Stocks Complete Worst Month in More Than 20 YearsBloomberg - 21 minutes agoStandard & Poor's said it cut or may reduce ratings for $534 billion of subprime-mortgage securities and collateralized debt obligations, as home defaults ...
  2008-01-30 10:39:10

• US cuts interest rates again as growth slumps - Sify

  US cuts interest rates again as growth slumpsSify, India - 20 minutes agoThe interest rate cut is the latest step to halt plummeting growth and counteract the effects of the broadening sub prime mortgage crisis that has eroded US ...
  2008-01-30 10:40:09

• Business Highlights - Massillon Independent

  Business HighlightsMassillon Independent, OH - 14 minutes ago... ongoing and involves companies across the industry, from mortgage lenders to financial firms that bundle home loans into securities sold to investors. ...
  2008-01-30 10:45:50

• Triad foreclosures highest in state in '07 - Winston-Salem Journal

  Triad foreclosures highest in state in '07Winston-Salem Journal, NC - 14 minutes ago“There is hope that the federal mortgage-relief plan will keep more homes from entering foreclosure proceedings this year.” The Triad and North Carolina ...
  2008-01-30 10:45:55

• Countrywide Financial Q4 loss has no ratings implications - Moody's - Forbes

  Countrywide Financial Q4 loss has no ratings implications - Moody'sForbes, NY - 12 minutes agoCountrywide Financial (nyse: CFC - news - people ), which is the US' largest mortgage lender, and Countrywide Home Loans (CHL) senior debt are rated 'Baa3' ...
  2008-01-30 10:47:56

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