Mortgage and Financial News From 2008-2-22 Page 12

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  • Northern and Birmingham close 125% mortgages

    Times Online - David Hollingworth, of London & Country, the mortgage broker, said: “Lenders are pulling the deals because of the prospect of falls in house prices.
    2008-02-22 08:14:00
  • European shares shed 1% as utilities, banks drag (Reuters via Yahoo! Malaysia News)

    LONDON, Feb 22 - European shares ended down on Friday as downbeat results from Germany's RWE hit utilities and poor U.S. data fed concern that the world's largest economy is headed for recession, which weighed on bank stocks.
    2008-02-22 09:31:33
  • GLOBAL MARKETS-U.S. stocks fall on renewed credit fears (Reuters via Yahoo! Singapore News)

    NEW YORK, Feb 22 - U.S. stocks fell on Friday as a broker downgrade of the two biggest U.S. home-funding companies signaled the likelihood of further deterioration in credit markets, intensifying fears of a recession in the world's largest economy.
    2008-02-22 09:59:30
  • Inflation: America’s Greatest Export (GoldSeek.com)

    By: Peter Schiff, Euro Pacific Capital, Inc. Unfortunately one of the few things still made in America is inflation. In fact, it now ranks as our greatest export.
    2008-02-22 10:20:00
  • Lloyds TSB Stays Afloat (Forbes)

    The British bank weathers the financial storm better than its rivals.
    2008-02-22 10:42:07
  • European Markets Fall, Led By Utilities - European Commentary (Nasdaq)

    (RTTNews) - The European markets fell on Friday, as RWE led utility stocks lower after reporting its first quarterly loss in 7 years and a broker downgrade of Renault hit the auto sector.
    2008-02-22 10:59:48
  • Florida Schools, California Convert Auction-Rate Debt (Update4) (Bloomberg.com)

    Feb. 22 (Bloomberg) -- California, Florida schools and the owner of John F. Kennedy International Airport joined a growing list of municipal borrowers exiting the U.S. auction-rate bond market as record failures push taxpayer costs higher.
    2008-02-22 11:06:38
  • Minor immigration bills move forward, but omnibus bill stalls in Senate (Deseret Morning News)

    The Senate this morning gave preliminary approval to a task force aimed at studying the illegal immigration issue, along with a resolution urging Congress to act on immigration reform.
    2008-02-22 11:09:06
  • Expert: Exotic Financial Markets May Collapse Next

    WCCO - ... this week was about $250 billion could be the hit from credit default swaps, which is similar to the hit from the sub-prime mortgage instruments." Credit default swaps, Wallace says, could be the next financial domino to fall: If companies default on ...
    2008-02-22 04:11:00
  • IKB Seeking Approval for Stock Sale

    Associated Press - IKB, which lends to small and medium-sized German companies, has also received help from the state-owned KfW development bank and other banks to help protect its exposure to subprime mortgage securities.
    2008-02-22 09:18:00
  • US STOCKS-Market drops, led lower by financial shares

    Reuters - ... FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ), the two biggest home-funding companies. ... of bad news for the financial sector where investors are reacting to woes stemming from defaults in the subprime mortgage ...
    2008-02-22 09:26:00
  • Editorial Roundup

    Boston Globe - The mortgage companies preferred to address foreclosure prevention through a national alliance, Hope Now. ... The alliance has not lived up to expectations.
    2008-02-20 01:53:00
  • Stocks slide anew

    CNN Money - Mortgage finance firms Freddie Mac ( FRE , Fortune 500 ) and Fannie Mae ( FNM ) slipped after Merrill Lynch downgraded both companies to "sell" from "neutral," Briefing.com reported.
    2008-02-22 08:57:00
  • S&P cuts GMAC, ResCap ratings, outlook negative

    San Diego Union-Tribune - ... Management and General Motors Corp., and mortgage unit Residential Capital LLC. S&P cut GMAC three notches to B+ and Residential Capital four notches to B, the ratings agency said in a statement. It said the ratings outlook for both companies was ...
    2008-02-22 05:08:00
  • PriceMyLoan Announces Direct Integration With Desktop Underwriter and ...

    PR Newswire - Founded in 2002, ILS provides web-based application service for the mortgage lending industry and software as a service (SaaS) to its clients to enhance productivity, reduce IT dependency, and accelerate time-to-value for mortgage companies.
    2008-02-22 05:51:00