Mortgage and Financial News From 2008-1-8 Page 7

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  • New Opening, Same Old Question - Washington Post

    New Opening, Same Old QuestionWashington Post, United States - 1 hour agoEspecially given the way the team habitually mortgages draft picks and cap space. We're back to the same old questions, the ones that dogged the franchise ...
    2008-01-08 07:38:27

  • Housing market may improve in '08 - abc7news.com

    Housing market may improve in '08abc7news.com, CA - 1 hour agoHere's something to think about: nearly two million sub-prime mortgages are scheduled to reset themselves to higher rates nationwide over he next two years. ...
    2008-01-08 07:49:30

  • Asian Capital Flows May Ebb on Subprime Losses, World Bank Says - Bloomberg

    Asian Capital Flows May Ebb on Subprime Losses, World Bank SaysBloomberg - 57 minutes agos Stan O'Neal are among chief executive officers who were forced out after the sinking value of assets tied to mortgages eroded earnings. ...
    2008-01-08 07:54:13

  • Inland builder hit by big loss - Press-Enterprise

    Inland builder hit by big lossPress-Enterprise, CA - 27 minutes agoHe said the majority of the new products that KB Home builds this year in the Inland region will be priced low enough to qualify for mortgages insured by ...
    2008-01-08 08:24:00

  • Hong Kong Stocks Fall to 3-Week Low on US Economy Concerns - Bloomberg

    Hong Kong Stocks Fall to 3-Week Low on US Economy ConcernsBloomberg - 26 minutes agoInvestments related to US subprime mortgages will contribute to HSBC's earnings per share this year sliding 13 percent, Bear Stearns Cos. said on Dec. 4. ...
    2008-01-08 08:25:09

  • Year In Review - Queens Courier

    Year In ReviewQueens Courier, NY - 17 minutes ago... Rate Mortgages (ARM), which have clauses allowing the interest rate to jump quickly, are two of the biggest factors in the high rates of foreclosure. ...
    2008-01-08 08:34:06

  • AT&T Drops Most in 5 Years on Consumer `Softness' (Update3) (Bloomberg.com)

    Jan. 8 (Bloomberg) -- AT&T Inc. dropped the most in almost five years in New York trading after Chief Executive Officer Randall Stephenson said slowing economic growth led to ``softness'' in the home-phone and Internet businesses.
    2008-01-08 04:42:54

  • (AFX UK Focus) 2008-01-09 00:12 GMT: Business Highlights (Interactive Investor)

    NEW YORK (AP) - Wall Street skidded lower in another fitful session Tuesday, with investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial Corp. but also create problems for other companies like AT&T Inc.
    2008-01-08 04:43:36

  • Countrywide shares tumble amid signs of prolonged housing slump (MSN Money Canada)

    LOS ANGELES - Shares of Countrywide Financial Corp., the largest U.S. mortgage lender, sank to an all-time low Tuesday as a major homebuilder offered a grim outlook for industry and signals that the Bush administration is growing more concerned about rising mortgage defaults.
    2008-01-08 05:11:52

  • Yen May Gain for Second Day Versus Dollar, Euro as Stocks Fall (Bloomberg.com)

    Jan. 9 (Bloomberg) -- The yen may gain for a second day versus the dollar and euro as Asian stocks followed U.S. equities lower, spurring speculation traders will reduce holdings of higher-yielding assets bought with Japanese loans.
    2008-01-08 05:21:11

  • Halifax posts surprise rise in house prices (FT.com via Yahoo! News)

    House prices strengthened unexpectedly in December after three successive monthly falls, Halifax's index showed on Tuesday, but analysts said the rebound was unlikely to signal an end to the housing market slowdown.
    2008-01-08 05:35:20

  • Asian Stocks Fall on Mounting Concern U.S. Economy Is Slowing (Bloomberg.com)

    Jan. 9 (Bloomberg) -- Asian stocks fell, led by consumer- electronics companies and automakers, on mounting concern the U.S., the world's largest economy, will slip into a recession.
    2008-01-08 07:42:45

  • Baltimore Sues Wells Fargo for Subprimes (Bay News 9 Tampa Bay)

    By BEN NUCKOLS BALTIMORE (AP) -- Black neighborhoods in Baltimore were disproportionately affected by the subprime mortgage fallout, according to a federal lawsuit filed Tuesday by the city, which is attempting to recoup the costs of maintaining neighborhoods wracked by foreclosures.
    2008-01-08 08:15:04

  • Housing Outlook Takes a Grim Turn (Time Magazine)

    Shares of Countrywide Financial Corp., the nation's largest mortgage lender, sank to an all-time low Tuesday as a major homebuilder offered a grim outlook for the industry
    2008-01-08 08:33:34

  • Extrication Time (NYTimes.com via Yahoo! Finance)

    James E. Cayne ended his tumultuous 14-year run as chief executive of the battered Bear Stearns, passing the baton to Alan D. Schwartz.
    2008-01-08 08:39:20

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