Mortgage and Financial News From 2008-2-21 Page 7

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  • THE BOND MESS: ELIOT'S BAD FIX

    New York Post - THE BOND MESS: ELIOT'S BAD FIX ... These municipalities generally have decent credit without the co-signer. ... insuring the riskiest mortgages, so now have to pay investors in mortgage bonds when ...
    2008-02-21 12:30:00
  • SocGen loses $4.9B in Q4 on trading scandal, credit

    USA Today - ... euros ($3.8 billion) in previously announced write-downs linked to the U.S. mortgage ... Without this event, the results of Societe Generale were not at all bad. ... large fourth-quarter write-offs by European competitors such as UBS and Credit ...
    2008-02-21 01:16:00
  • Behind the Mess at UBS

    BusinessWeek - Swiss banking giant UBS ( UBS ) is the most mauled European financial player in the global credit crisis. The bank took $18.4 billion in write-offs last year from subprime mortgage securities gone bad—and it still has at least an $80 billion ...
    2008-02-21 01:44:00
  • Who's Looking Out for Wall Street? (BusinessWeek)

    This election year, shamed and battered financial firms face a leadership crisis
    2008-02-21 02:33:15
  • Behind the Mess at UBS (BusinessWeek)

    How the Swiss bank's scramble to replicate outsize returns of risky funds put it in peril
    2008-02-21 02:35:15
  • No More Mad Mortgages! (The Motley Fool)

    Major mortgage lenders are scrapping thousands of home loans. While the craziest deals are vanishing, bargains remain for the sensible.
    2008-02-21 03:03:02
  • Vital Signs: Deeper Damage from Housing? (BusinessWeek)

    On tap: January readings on new and existing home sales, home prices, personal spending and income, and durable goods orders
    2008-02-21 03:27:51
  • MBIA Advocates Severing Municipal, Corporate Units (Update3) (Bloomberg.com)

    Feb. 21 (Bloomberg) -- MBIA Inc.'s new Chief Executive Officer Jay Brown, under pressure to come up with a plan to rescue the troubled company, said bond insurers must separate their municipal guarantees from asset-backed securities.
    2008-02-21 03:33:45
  • Usual suspects show up on cue to challenge Fed (The Economic Times)

    There comes a time in every business cycle when things look glum and the future even glummer. The Federal Reserve, usually slow to realise all is not well, starts cutting short-term interest rates aggressively.
    2008-02-21 04:07:45
  • How To Survive Mortgage Payment Shock (The Motley Fool)

    Is your fixed rate mortgage deal coming to an end this year? Here's how to deal with the threat of payment shock.
    2008-02-21 04:10:39
  • SocGen Posts $4.91 Billion 4Q Loss (Bay News 9 Tampa Bay)

    By EMMA VANDORE PARIS (AP) -- Troubled French bank Societe Generale SA said Thursday that a $7 billion trading scandal and the credit crisis in financial markets led to a fourth-quarter net loss.
    2008-02-21 04:12:35
  • Finding money at home

    Arizona Daily Star - The amount that seniors can pull out is a function of the age of the homeowners, the value of the home and the interest rate, which is adjustable, said Frank Formi-sano, a mortgage officer who specializes in reverse mortgages with Prime Capital, 5357 ...
    2008-02-20 04:13:00
  • ANTHONY HILTON, EVENING STANDARD FINANCIAL EDITOR

    This is Money - ... problem is not what happens in the next few months but whether the whole trend of rising house prices is going into reverse. ... Not only will there be 20% less mortgages to go round, the other banks now have less competition and can increase the IRs they ...
    2008-02-17 03:58:00
  • Two Cents

    Citizen Online - ... the myths of psychiatry, and if anything, these drugs have been implicated in violent behavior rather than the reverse. ... is ridiculous because if they werent lulled into the misconception of being of a higher social class and had mortgages and ...
    2008-02-21 06:42:00
  • Howay the lads - it's Newcastle Brown!

    Daily Mail - ... if things weren't bad enough, the long-suffering Geordie fans now discover that their new sponsor is King Midas In Reverse. ... Now we learn that all the copper-bottomed, high-value mortgages have been syphoned off to a separate, tax-haven company in ...
    2008-02-21 02:27:00