Mortgage and Financial News From 2008-1-8 Page 3

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  • Bear Stearns Names Alan Schwartz CEO - Wall Street Journal

    Bear Stearns Names Alan Schwartz CEOWall Street Journal - 6 hours agoWith the nation's mortgage market floundering, it isn't clear how the firm, a big maker and trader of mortgages and mortgage-related investments, ...
    2008-01-08 03:55:43

  • Hain apologises for failing to declare £5000 leadership gift - This is London

    Hain apologises for failing to declare £5000 leadership giftThis is London, UK - 6 hours agoMichael Fallon, chairman of the Treasury sub-committee which is holding an inquiry into cheap credit, said: "It is bad enough that there is an apparent ...
    2008-01-08 04:12:33

  • Crunch catches up with Wall St legend - Telegraph.co.uk

    Crunch catches up with Wall St legendTelegraph.co.uk, United Kingdom - 5 hours agoHis departure adds to a growing list of chief executives who have left because of the credit crisis, including Merrill Lynch's Stan O'Neal, ...
    2008-01-08 04:57:30

  • Obama for President, Clinton to remain in Congress - American Chronicle

    Obama for President, Clinton to remain in CongressAmerican Chronicle, CA - 4 hours agoMedical costs have become the second most expensive cost behind a mortgage or rent payments. Then utilities, food, transportation, and if you can dream, ...
    2008-01-08 05:33:48

  • Markets tumble into correction - Moneyweb

    Markets tumble into correctionMoneyweb, South Africa - 2 hours agoWorry that soured mortgage bets and weak consumer spending could lead to a broader economic slowdown pushed major market benchmarks to their lowest levels ...
    2008-01-08 07:40:29

  • Wall Street crumbles anew - India Infoline.com

    Wall Street crumbles anewIndia Infoline.com, India - 2 hours agoCountrywide Financial tumbled the most since October 1987 on concern that the largest US mortgage lender is short of cash. The S&P 500 dropped 26 points, ...
    2008-01-08 08:17:48

  • US recession may not take big toll on China: experts - AFP

    US recession may not take big toll on China: expertsAFP - 1 hour ago"If the US economy really does enter into recession, there could be an impact on China in a direct way, but the timing however is not all that bad," he said ...
    2008-01-08 08:31:41

  • Local home sales down 14.5 percent - Fort Morgan Times

    Local home sales down 14.5 percentFort Morgan Times, CO - 1 hour ago... is hard to even get mortgage loans in a tighter credit market as financial institutions reel from bad loans given out before the housing market slowed. ...
    2008-01-08 08:37:44

  • Los Angeles-based KB Home, hard hit by the housing downturn - North County Times

    Los Angeles-based KB Home, hard hit by the housing downturnNorth County Times, CA - 1 hour ago... reduced home affordability, turmoil in the mortgage and credit markets, and decreased consumer confid-ence in purchasing homes," he said. ...
    2008-01-08 09:16:06

  • Housing woes, AT&T news sinks stocks - San Jose Mercury News

    Housing woes, AT&T news sinks stocksSan Jose Mercury News,  USA - 7 minutes agoNEW YORK—Wall Street skidded lower in another fitful session Tuesday, with investors worried that the tumbling economy may not only cripple mortgage lenders ...
    2008-01-08 10:16:38

  • US recession may not take big toll on China: experts (TODAYonline)

    Traders watch the morning board at the New York Stock Exchange, January 8, 2008. A US recession will dampen China's surging exports but the impact on the world's most populous nation, which is taking steps to cool down a red-hot economy, may be limited, experts say.
    2008-01-08 08:35:00

  • US recession may not hurt China (Herald Sun)

    A US recession will dampen China's surging exports but the impact on the world's most populous nation may be limited, experts say.
    2008-01-08 08:36:00

  • Seven steps to cure a ‘debt hangover’ (The State)

    As the credit card bills start rolling in this month from the recent holiday season, many consumers are going to get that queasy feeling that they’ve overindulged. There are antidotes for “debt hangover,” experts say, but they require putting payment strategies in place — and sticking to them. “Some people are afraid of even opening up their bills,” said personal finance expert Jennifer ...
    2008-01-08 09:06:14

  • Council Blocks Park Building Sale (WTOV 9 Steubenville)

    Steubenville city council defeats an ordinance that would've put a park building up for bid, and could've possibly allowed the sale of alcohol in that building.
    2008-01-08 09:07:31

  • Mortgage Losses Lead to Bank Layoffs (BankTech)

    Despite massive layouts in the wake of the mortgage crisis, financial services IT hiring is expected to rise in 2008.
    2008-01-08 09:09:23

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