Mortgage and Financial News From 2008-1-8 Page 9

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  • Unlimited partnership: Couples in business (CNN Money)

    Some men and women are meant to be just friends; others inexplicably click, fall in love, and become couples for life.
    2008-01-08 07:23:23

  • King Likely to Win New BOE Term as Brown Finds Few Alternatives (Bloomberg.com)

    Jan. 9 (Bloomberg) -- Prime Minister Gordon Brown was speechless when asked yesterday whether he would reappoint Mervyn King as governor of the Bank of England, silently nodding toward Chancellor of the Exchequer Alistair Darling to repeat the promise of a decision in ``the next few weeks.''
    2008-01-08 07:31:42

  • Giuliani Hopes Tax Speech Will Build Momentum In Florida (WJXT Jacksonville)

    TALLAHASSEE, Fla. -- Republican presidential candidate Rudy Giuliani is heading to Florida after poor showings in Iowa and New Hampshire hoping to build momentum in this must-win state by talking about taxes.
    2008-01-08 07:36:17

  • Stocks Dive on Reports of New Ills (NYTimes.com via Yahoo! Finance)

    Shares tumbled late in the day after AT&T’s chief suggested consumers might be cutting back and Countrywide Financial denied it was tumbling into bankruptcy.
    2008-01-08 07:39:18

  • (AFX UK Focus) 2008-01-09 03:21 GMT: Japanese government bonds end morning firmer helped by battered shares (Interactive Investor)

    TOKYO (Thomson Financial) - Japanese government bond prices ended the morning slightly higher Wednesday as a decline by stocks on fears about the US economy increased investor interest in the safety of bonds.
    2008-01-08 07:43:08

  • Housing market will continue to weaken and sap strength from economy, Fannie Mae chief says (The Standard-Times)

    WASHINGTON — 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 07:46:58

  • Paulson Sees `No Evidence' Housing Decline Is Ending (Update3)

    Bloomberg - ... officials brokered with mortgage lenders last month. The initiative is aimed at helping as many as 1.2 million Americans keep their homes by making it easier to negotiate affordable loans and freezing some adjustable-rate mortgages at current rates ...
    2008-01-08 07:56:00

  • Fannie Mae: No home market rebound till 2010

    Detroit News - ... in mortgage rates "is an important step," Mudd told the business audience. Treasury Secretary Henry Paulson said the administration was exploring a possible expansion of the program to include borrowers of home loans at prime, conventional rates. The ...
    2008-01-08 12:21:00

  • Credit Derivatives May Lose $250 Billion, Gross Says (Update4)

    Bloomberg - Goldman Sachs Group Inc. ``estimates that mortgage related losses of $200-$400 ... Assuming default rates on corporate bonds reach historical averages of about 1.25 ... Home Sales Drop More Than Forecast as Housing Slump Deepens Countrywide ...
    2008-01-08 10:55:00

  • Bank of England set for tough call on rates

    News.com.au - Mobile Phones Computers Digital Cameras Home Entertainment ... meet on Thursday to decide whether to reduce interest rates ... that the Bank of England would cut interest rates on Thursday, economists said. Halifax, the country's biggest mortgage lender, has ...
    2008-01-08 05:00:00

  • Gold Climbs to Record as Investors Seek Alternative Asset

    Bloomberg - ... dollar fell on concern a housing slump and turmoil in credit markets may force the Federal Reserve to cut interest rates. U ... Countrywide Financial Corp., the largest mortgage lender, fell on the New York Stock Exchange by the most since the October ...
    2008-01-08 11:59:00

  • Record spending may force rates rise

    Big Pond News - Some banks have already begun raising their home loan interest rates because of the subprime mortgage turmoil in the United States. The Chamber's Greg Evans says the fact that individual banks are acting independently means there is no case for ...
    2008-01-08 06:26:00

  • H&R Block, GE Capital Lead $17 Billion of U.S. Sales (Update1)

    Bloomberg - H&R Block, which ousted its chief executive officer in November after more than $1 billion in mortgage-related losses, today ... tapping the market today are paying lower borrowing costs than last year's average, even as yields over benchmark rates ...
    2008-01-08 01:39:00

  • McGraw-Hill Cuts 600 Jobs, Takes Charge

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ... plan amid declines in some types of debt that the company rates. Moody's shares have fallen over the past year as investors became increasingly concerned about the subprime mortgage ...
    2008-01-08 02:58:00

  • Stocks slide following report of pending home sales drop, worries ...

    CNBC - NEW YORK - Wall Street lurched through another erratic session Tuesday as investors clung to hopes for an interest rate cut and grappled with the possibility of further trouble for the housing market and mortgage lenders like Countrywide Financial ...
    2008-01-08 11:59:00

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