Mortgage and Financial News From 2008-1-8 Page 12

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• Washington Federal Q1 Profit Flat With Last Year; EPS Tops ... - RTT News

  Washington Federal Q1 Profit Flat With Last Year; EPS Tops ...RTT News, NY - 1 hour ago... chairman, president and chief executive officer said, "The Company's mortgage portfolio, which consists primarily of prime 30-year fixed rate loans, ...
  2008-01-08 06:10:31

• Citigroup Combining Mortgage Operations Into One Unit - New York Times

  Citigroup Combining Mortgage Operations Into One UnitNew York Times, United States - 1 hour agoCitigroup has long been a major player in the mortgage business and one of the biggest issuers of subprime home loans. So far, executives have said, ...
  2008-01-08 06:11:56

• New Bear Stearns CEO:Being Acquired Not A Strategy-Reuters - CNNMoney.com

  New Bear Stearns CEO:Being Acquired Not A Strategy-ReutersCNNMoney.com - 1 hour agoBear Stearns's earnings and stock price have been battered by the collapse of the mortgage market, where it has been a leader in making securitized loans, ...
  2008-01-08 06:12:23

• Islamic finance sector set to continue growth into 2008 - Indian Muslims

  Islamic finance sector set to continue growth into 2008Indian Muslims, CA - 1 hour ago... system due to investments in collateralized debt backed by dodgy subprime US mortgage loans have not only seriously affected the leveraged debt market, ...
  2008-01-08 06:17:10

• 2007 Tax Changes Summarized - North Country Gazette

  2007 Tax Changes SummarizedNorth Country Gazette, NY - 54 minutes agoHome-equity loans used for other purposes are not eligible. The deduction for mortgage insurance premiums is phased out for taxpayers with adjusted gross ...
  2008-01-08 06:23:11

• "Nashville Condo Craze Will Slow '08, Experts Say" - WKRN

  "Nashville Condo Craze Will Slow '08, Experts Say"WKRN, TN - 41 minutes ago... they will be willing to give out more loans. It is just a matter of time. The chief executive of one of the nation's largest mortgage finance companies, ...
  2008-01-08 06:35:35

• Square Feet Global Ad Agency Moving to Far West of Manhattan - New York Times

  Square Feet Global Ad Agency Moving to Far West of ManhattanNew York Times, United States - 41 minutes ago... Worldwide Plaza in February as part of a $7 billion portfolio and is facing a deadline next month to pay back about $6.4 billion in short-term loans. ...
  2008-01-08 06:35:42

• Economy On The Brink Of Recession- Global Markets To Correct ... - RTT News

  Economy On The Brink Of Recession- Global Markets To Correct ...RTT News, NY - 38 minutes agoLast Thursday, the American Mortgage Bankers' Association announced that the delinquency rates on a composite of consumer loans rose to 2.44% in the ...
  2008-01-08 06:38:55

• Credit market fears open the way for Buffett - MSNBC

  Credit market fears open the way for BuffettMSNBC - 35 minutes agoIn recent years, bond insurers moved into areas other than municipal bonds, guaranteeing structured debt backed by assets such as mortgage loans. ...
  2008-01-08 06:41:53

• For A 'Debt Hangover,' Tough Medicine - Hartford Courant

  For A 'Debt Hangover,' Tough MedicineHartford Courant, United States - 22 minutes agoReed said the first step troubled borrowers have to take is to make sure they're current on their home mortgage or rent. "No matter how bad things get, ...
  2008-01-08 06:54:42

• Webster Sets Aside Funds For Loan Losses - Hartford Courant

  Webster Sets Aside Funds For Loan LossesHartford Courant, United States - 22 minutes agoThe wholesale mortgage lending division focused on lending to borrowers outside Webster's primary New England market. Because the loans were outside New ...
  2008-01-08 06:54:47

• Bush: Iran's Confrontation Of US Ships In Gulf A "Provocative Act" [] - RTT News

  Bush: Iran's Confrontation Of US Ships In Gulf A "Provocative Act" []RTT News, NY - 15 minutes ago... chairman, president and chief executive officer said, "The Company's mortgage portfolio, which consists primarily of prime 30-year fixed rate loans, ...
  2008-01-08 07:02:25

• Asia-Pacific Bond Risk Rises on Countrywide Bankruptcy Concerns - Bloomberg

  Asia-Pacific Bond Risk Rises on Countrywide Bankruptcy ConcernsBloomberg - 7 minutes agoCredit-default swaps are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt. ...
  2008-01-08 07:09:39

• ETrade plans to exit institutional business (Muzi)

  Online brokerage E*Trade Financial (ETFC.O) said on Tuesday that it will exit the U.S. institutional sales business as it tries to streamline operations, but analysts still question its financial health.
  2008-01-08 06:49:12

• Gloom On Housing (Hartford Courant)

  Fannie Mae CEO Sees Decline Continuing Into 2010, Urges Mortgage Assistance The CEO of Fannie Mae, the largest financer and guarantor of U.S. home loans, predicted on Tuesday that the housing market downturn is likely to persist into 2010.
  2008-01-08 06:58:43

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