Mortgage and Financial News From 2008-2-8 Page 29

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  • Fitch Provides Updated Commentary on Mortgage Insurers (wallstreet:online AG)

    Fitch Ratings comments that continuing weakness in the U.S. mortgage markets, driven mainly by marked
    2008-02-08 01:28:49

  • Fitch Provides Updated Commentary on Mortgage Insurers   (InfoBolsa)

    08/02/2008 21:17:00 Business Wire Fitch Ratings comments that continuing weakness in the U.S. mortgage markets, driven mainly by marked deterioration in performance in mortgages backed by subprime and reduced or limited documentation (Alt-A) borrowers, will continue to affect the U.S.
    2008-02-08 01:29:55

  • Fitch Provides Updated Commentary on Mortgage Insurers (Centre Daily Times)

    Fitch Ratings comments that continuing weakness in the U.S. mortgage markets, driven mainly by marked deterioration in performance in mortgages backed by subprime and reduced or limited documentation (Alt-A) borrowers, will continue to affect the U.S. private mortgage insurance (MI) industry negatively in the years ahead. While the current situation was initially ignited in the subprime mortgage ...
    2008-02-08 01:40:51

  • Live Q&A, NOW

    Washington Post - Jonathan Weisman: You are a bad American. You need to buy $1,200 worth of ... He does seem to be spending as if the line of credit is limitless. ... Jonathan Weisman: No, he took out a second mortgage on his house. He wasn't allowed to ...
    2008-02-08 10:39:00

  • Canadian Dollar Surges After Job Growth Outstrips Estimates

    Bloomberg - ... in 2007 as the U.S. economy, the largest consumer of Canadian exports, shows signs of weakness and subprime mortgage losses reduce credit ... Global Markets, a unit of the world's largest money manager for institutions. ``In periods when you get bad and ...
    2008-02-08 01:31:00

  • AP Poll: Leaving Iraq will help economy

    CNBC - Things are bad, but it will get a lot worse," said Jim Sims, 60, of Greer, S.C. ... now, given the strains from a persistent housing slump and a painful credit crunch ... More than half _ 56 percent _ pointed the finger at mortgage lenders. Forty-four ...
    2008-02-08 01:46:00

  • Repossessions hit eight-year high

    Western Telegraph - ... back by lenders after their owners failed to keep up with mortgage ... out when interest rates were much lower will not be as bad as previously thought due to recent interest rate cuts. But it said funding pressures on lenders as a result of the credit ...
    2008-02-08 08:23:00

  • More Red Ink at Alcatel-Lucent

    BusinessWeek - The U.S. subprime mortgage crisis also is ... is slumping, while tighter credit makes it harder for telecom operators worldwide to invest in new equipment. "The subprime issue has far-reaching tentacles," Russo said.
    2008-02-08 12:55:00

  • WestLB to cut 1,500 jobs and receive €5 billion bailout

    International Herald Tribune - ... force by 25 percent and receive €5 billion from its owners to cover liabilities linked to bad trades and losses in the U.S. subprime mortgage ... The corporate lender became one of Germany's highest-profile casualties of the global credit crisis in ...
    2008-02-08 11:22:00

  • Fed's Pianalto Blames Banks, Borrowers for U.S. Housing Slump

    Bloomberg - ... in the U.S. is the result of ``faulty assumptions and bad choices'' by banks and borrowers. ``We now realize that at some point, for many of the players in the mortgage ... As long as we regulate wisely and do not suffocate our credit ...
    2008-02-08 10:25:00

  • Bear Stearns Is `Short' Subprime Mortgages $1 Billion (Update2)

    Bloomberg - ... the U.S. securities firm that posted its first-ever loss last quarter on mortgage ... Some subprime bonds ``could easily be bad enough that they don't pay off a penny ... and securities firms have reported at least $146 billion of writedowns and credit ...
    2008-02-08 01:31:00

  • Stocks slammed by economic outlook

    MSNBC - And at midday Friday, Fitch Ratings, another credit rating agency, put a series of mortgage-backed securities insured by MBIA Inc. on negative ... Bad sign: Shoppers use gift cards for groceries
    2008-02-08 11:22:00

  • More Red Ink at Alcatel-Lucent - BusinessWeek

    More Red Ink at Alcatel-LucentBusinessWeek - 3 hours agoThe US subprime mortgage crisis also is squeezing Alcatel-Lucent. With fewer homes being built and sold, spending on broadband equipment—traditionally one ...
    2008-02-08 10:03:27

  • The New Bailout: Individual Health Insurance Mandates and Greater ... - California Progress Report

    The New Bailout: Individual Health Insurance Mandates and Greater ...California Progress Report, CA - 3 hours agoIt’s not a loan or a mortgage crisis for those families; it’sa debt crisis being forced upon them by the banks, hedge funds, and insurers who are desperate ...
    2008-02-08 10:22:45

  • Quarter point cut announced on interest rates - Choices

    Quarter point cut announced on interest ratesChoices, UK - 3 hours ago... terms for credit cards adding to the bad news for beleaguered borrowers. "While a reduction of £32 on a typical mortgage may offer some comfort, ...
    2008-02-08 10:43:23

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