Mortgage and Financial News From 2008-2-8 Page 30

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  • Congress Stimulates Fannie’s Sprawl - Business Wire (press release)

    Congress Stimulates Fannie’s SprawlBusiness Wire (press release), CA - 2 hours agoThe GSEs either own or guarantee 40 percent of the nation’s $12 trillion mortgage market. They carry nearly $4.9 trillion in debt. ...
    2008-02-08 11:07:24

  • WestLB to cut 1500 jobs and receive €5 billion bailout - International Herald Tribune

    WestLB to cut 1500 jobs and receive €5 billion bailoutInternational Herald Tribune, France - 2 hours agoThe corporate lender became one of Germany's highest-profile casualties of the global credit crisis in late July. It has since been propped up by two ...
    2008-02-08 11:21:34

  • Why bailout may be the only saving grace - Mortage 101

    Why bailout may be the only saving graceMortage 101 - 2 hours agoMeanwhile -- years -- the financial system cannot provide new credit because of the rotting mess in its belly. Why are mortgage rates stuck up high, ...
    2008-02-08 11:24:25

  • AP Poll: To Fix Economy, Get Out of Iraq - The Associated Press

    AP Poll: To Fix Economy, Get Out of IraqThe Associated Press - 1 hour agoMore than half — 56 percent — pointed the finger at mortgage lenders. Forty-four percent said Bush deserves a lot of the blame. After that come Congress, ...
    2008-02-08 12:31:21

  • Rudd's tax cut aspirations - Business Spectator

    Rudd's tax cut aspirationsBusiness Spectator, Australia - 1 hour agoWayne Swan, meanwhile, is ticking off the banks for slugging “Australian families” with higher mortgage rates, and now he is about to introduce more tax ...
    2008-02-08 12:55:58

  • Liquidity Looked in the Mirror but Insolvency Stared Back - Gold Seek

    Liquidity Looked in the Mirror but Insolvency Stared BackGold Seek - 59 minutes agoWill they do the honorable thing and pay down their credit card or mortgage from Countrywide (after reading that the head of Countrywide left the firm with ...
    2008-02-08 01:01:14

  • Financials Foil Positive Finish on Wall Street - FOXBusiness

    Financials Foil Positive Finish on Wall StreetFOXBusiness - 54 minutes agoThe blue-chip index was been hurt by the financial sector, especially credit card giant American Express (AXP), which fell 3% today. ...
    2008-02-08 01:06:02

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

    Bear Stearns Is `Short' Subprime Mortgages $1 Billion (Update2)Bloomberg - 43 minutes agoSome subprime bonds ``could easily be bad enough that they don't pay off a penny,'' said Adelson, a former Nomura Holdings Inc. mortgage analyst. ...
    2008-02-08 01:16:34

  • UK Housing Market Will Continue to Fall Despite Interest Rate Cuts - HoweStreet.com

    UK Housing Market Will Continue to Fall Despite Interest Rate CutsHoweStreet.com, Canada - 31 minutes agoThe monthly average UK house prices graph, which is derived from data from Britain's biggest mortgage bank (the Halifax), clearly shows the peak in UK house ...
    2008-02-08 01:28:43

  • The Japanese bubble: Alarming parallels with US - International Herald Tribune

    The Japanese bubble: Alarming parallels with USInternational Herald Tribune, France - 20 minutes ago... in bad loans reported by banks to date could increase nearly tenfold as the defaults spread beyond the subprime mortgage loans to consumer loans, credit ...
    2008-02-08 01:40:00

  • There's an opportunity here too - GulfNews

    There's an opportunity here tooGulfNews, United Arab Emirates - 2 minutes agoBut did the financial markets anticipate this pattern of unusual weather better than they did the tide of subprime mortgage blow-ups in the US? ...
    2008-02-08 01:57:47

  • A solution just in time - GulfNews

    A solution just in timeGulfNews, United Arab Emirates - 2 minutes agoSome recent credit strategy notes from Societe Generale have referred to "catastrophe" and "the daily dross of bad news that has beset the ... markets since ...
    2008-02-08 01:57:51

  • AP Poll: Leaving Iraq will help economy (The Charlotte Observer)

    The heck with Congress' big stimulus bill. The way to get the country out of recession - and most people think we're in one - is to get the country out of Iraq, according to an Associated Press-Ipsos poll. Pulling out of the war ranked first among proposed remedies in the survey, followed by spending more on domestic programs, cutting taxes and, at the bottom end, giving rebates to poor people ...
    2008-02-08 12:40:21

  • AP Poll: Stimulus check welcome, but to really help economy better pull out of Iraq (Wisconsin Rapids Daily Tribune)

    WASHINGTON (AP) The heck with Congress big stimulus bill. The way to get the country out of recession and most people think were in one is to get the country out of Iraq, according to an Associated Press-Ipsos poll. Pulling out of the war ranked first among proposed remedies in the survey, followed by spending more on domestic programs, cutting taxes and, at the bottom end, giving rebates to ...
    2008-02-08 12:47:06

  • Japan’s Crisis of ’90s Offers Harsh Lessons for U.S. (NYTimes.com via Yahoo! Finance)

    A Japan-style quagmire, most economists say, is an outcome that can be avoided in the United States with sound economic policy.
    2008-02-08 01:40:04

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