Mortgage and Financial News From 2008-2-21 Page 6

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  • Fairfax eyes strong growth (TVNZ)

    Fairfax Media Ltd has boosted its interim profit by more than a third and says it is confident of maintaining strong earnings growth despite signs of a slowdown in some markets.
    2008-02-21 01:19:28
  • Reuters Business Summary (Reuters via Yahoo! Malaysia News)

    Microsoft opens key software details to rivals
    2008-02-21 02:57:16
  • West Valley takes big plunge in valuations (The Arizona Republic)

    Housing valuations sent out last week by the Maricopa County Assessor showed the West Valley taking the biggest plunge in valuations.
    2008-02-21 04:34:22
  • Rising Inflation Limits the Fed as Growth Lags (NYTimes.com via Yahoo! Finance)

    The United States has not faced stagflation, the mix of slumping growth and oil and food price spikes, in decades.
    2008-02-21 05:39:25
  • Bad news is good news

    CNN Money - Credit Suisse ( CS ) said it was writing down nearly $3 billion worth of asset-backed securities. ... As long as the Fed continues to do what it can to keep banks from imploding due to their bad mortgage bets, this, Stine argues ...
    2008-02-19 07:13:00
  • Wall Street's Philadelphia Fall

    Stockhouse Canada - Bad news spread fast on Wall Street Thursday as a woeful Philadelphia Fed Index ... key indicator of inflation which rose 4.3% year-over-year, and a decline in mortgage ... VZ - news - people ) were among the few leaders, a day after sinking on Credit ...
    2008-02-21 01:59:00
  • Aussies go hungry to pay rent

    News.com.au - ... certainly not be other things effecting the weekly budget will there such as credit ... This will effect everybody of all classes and keep mortgage repayments managable. ... The bad news is that rents will only increase. It is more affordable to rent a ...
    2008-02-21 03:10:00
  • Bill would allow state office to share financial data with other ...

    Maryland Daily Record - ... information, with other federal and state agencies across the country in an effort to curb bad mortgage and ... would be able to distribute information from all the institutions it oversees, including credit unions, trust companies and mortgage lenders
    2008-02-21 03:32:00
  • Barack Obama Protecting the Stupid People From Themselves

    Outside Beltway - ... has proposed a fund to offer direct relief to victims of mortgage fraud and would ease the burden on struggling homeowners by offering a tax credit to ... giveaway to "struggling" homeowners; it's a giveaway to the mortgage industry. There are two bad ...
    2008-02-21 11:21:00
  • Dresdner follows other banks in bailing out a troubled investment ...

    International Herald Tribune - ... Allianz, said its structured investment vehicle, known as K2, would get a credit ... Dresdner, has already written off about €1.2 billion, or $1.8 billion, in bad ... grade products and that it owned nothing linked to the low-end U.S. mortgage market ...
    2008-02-21 12:47:00
  • Credit Suisse Drops a Bomb

    Motley Fool - Last week, European bank Credit Suisse (NYSE: CS ) reported 2007 results that were ... Not only was the news bad, it was also confusing. ... error and poor market conditions resulting from exposure to commercial-mortgage ...
    2008-02-21 12:40:00
  • Australia's St George Bank admits exposure to bad loans, expects full ...

    Forbes - ... George Bank Ltd has become the latest Australian bank to admit exposure to bad ... to sell assets, had become exposed to higher borrowing costs due to a global credit ... update, St George said it did not have a direct exposure to the US subprime mortgage ...
    2008-02-20 09:45:00
  • Warning as Mortgage Bank's Profits Dive

    BusinessWeek - The credit turmoil and collapse of America's sub-prime mortgage market has also wiped £185 million off the value of its investments -- more ... has seen a drop in the number of borrowers defaulting on loans last year and bad debt charges. Mortgage ...
    2008-02-19 03:56:00
  • KKR Financial Freaks Markets

    Forbes - ... in a hurry when some noncreditworthy homeowners were unable to make their payments as a boom in the U.S. housing market stalled, leading to a global credit crisis in which any risk was considered a bad risk. Unfortunately for KKR Financial, mortgage ...
    2008-02-19 03:56:00
  • MBIA Advocates Severing Municipal, Corporate Units (Update3)

    Bloomberg - ... setting a new agenda for the world's largest bond insurer, which is threatened with losing its AAA credit rating after losses on subprime mortgage ... Brown ``is signaling that setting up some form of good insurer and bad insurer is a live possibility ...
    2008-02-21 03:10:00