Mortgage and Financial News From 2008-1-8 Page 5

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• Bond Funds Offer Wary Investors Shelter - The Associated Press

  Bond Funds Offer Wary Investors ShelterThe Associated Press - 9 hours agoFaltering mortgages have made banks hesitant to hand out money for fear that exotic investments made up of bundled home loans could sour and hurt the value ...
  2008-01-08 12:50:17

• Wells Fargo sued by Baltimore over foreclosures - San Jose Mercury News

  Wells Fargo sued by Baltimore over foreclosuresSan Jose Mercury News,  USA - 8 hours ago... a practice known as reverse redlining, which is prohibited under the federal Fair Housing Act. For example, it claims that mortgages for homes worth ...
  2008-01-08 01:25:14

• City of Baltimore Sues Wells Fargo - DSNews.com

  City of Baltimore Sues Wells FargoDSNews.com, TX - 7 hours agoWhile red-lining is a deceptive real estate practice that surfaced in the 20th century to create segregation through unscrupulous lending, “reverse ...
  2008-01-08 02:23:46

• Leverage levels unsustainable - Financial News Online US

  Leverage levels unsustainableFinancial News Online US, UK - 5 hours agoEyerman is not alone in expecting the trends that supplied funds for leveraged loans and similarly for mortgage lending have gone into reverse. ...
  2008-01-08 04:01:01

• Bear Stearns may become takeover target amid unrest - Guardian Unlimited

  Bear Stearns may become takeover target amid unrestGuardian Unlimited, UK - 4 hours agoBear Stearns, however, is reeling after recording its first loss ever in the fourth quarter because of subprime mortgages. "Periods of instability always ...
  2008-01-08 05:49:45

• Agency offers aid in housing - Youngstown Vindicator

  Agency offers aid in housingYoungstown Vindicator, OH - 5 minutes agoAnd, local financial experts say, a proactive approach and some assistance can reverse a potentially devastating situation. Last year, the Youngstown-based ...
  2008-01-08 09:55:08

• Briefs: Wells Fargo sued, blamed for subprime troubles in Baltimore (Lincoln Journal Star)

  BALTIMORE — Black neighborhoods in Baltimore were disproportionately damaged by the subprime mortgage fallout, according to a federal lawsuit filed by the city, which is attempting to recoup the costs of maintaining neighborhoods wracked by foreclosures.
  2008-01-08 01:45:42

• Seniors seek property-tax relief (Northeast County Journal)

  Paul Meyer moved to Florissant 32 years ago. He is now paying more than three times as much in property taxes as he did back then.
  2008-01-08 01:55:23

• Baltimore suit accuses Wells Fargo of creating city's subprime crisis (Lansing State Journal)

  BALTIMORE - Black neighborhoods in Baltimore were disproportionately affected by the subprime mortgage fallout, according to a federal lawsuit filed today by the city, which is attempting to recoup the costs of maintaining neighborhoods wracked by foreclosures.
  2008-01-08 02:02:49

• City could sue other lenders for Fair Housing violations (The Daily Record)

  A Fair Housing Act lawsuit filed by the city of Baltimore against lender Wells Fargo & Co. could be the first of its kind, but it may not be the last.
  2008-01-08 04:33:14

• Bear Stearns may become takeover target amid unrest (Muzi)

  Bear Stearns Cos Inc's (BSC.N) management shake-up could make the investment bank a takeover target, but the specter of more write-downs and possible legal entanglements from the subprime credit crisis might keep suitors on the sidelines, analysts said on Tuesday.
  2008-01-08 05:48:16

• Bear Stearns may become takeover target amid unrest (Interactive Investor)

  Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
  2008-01-08 06:11:29

• Bear Stearns may become takeover target amid unrest (Reuters via Yahoo! Malaysia News)

  PHILADELPHIA - Bear Stearns Cos Inc's management shake-up could make the investment bank a takeover target, but the possibility of more write-downs and chance of legal entanglements from the subprime mortgage crisis could sideline suitors for now, analysts said on Tuesday.
  2008-01-08 06:19:46

• Suit hits Wells Fargo lending (The Washington Times)

  Black neighborhoods in Baltimore were disproportionately affected by the subprime-mortgage fallout,...
  2008-01-08 09:33:09

• JPMorgan, Renaissance Trail Hedge-Fund Gains in 2007 (Update5)

  Bloomberg - ... trailed rivals in 2007 as stock-pickers with fewer assets sidestepped losses caused by the collapse of subprime mortgages ... The first two quarters will be tough,'' she said. ``Once that plays out, the second half of the year will be ripe with ...
  2008-01-08 12:35:00

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