Mortgage and Financial News From 2007-12-5 Page 22
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Worries About Earnings Hit Stocks
Wall Street Journal - ... finished in the red for a second straight day as investors worried that the credit ... Most Wall Street firms took large write-downs on mortgage and other assets in the ... The fact that they are still going down incrementally on bad news shows that we ...
2007-12-05 03:28:00 -
Home-owners warned of tough times ahead
MSN UK News - The situation could be so bad that the City watchdog is asking banks to go easy on ... sustained period and against this backdrop the negative impact of any adverse credit shocks could be considerably magnified. Speaking at the Council of Mortgage ...
2007-12-05 05:30:00 -
Robeco CEO says recession possible
Boston Globe - ... economy might fall into a recession if U.S. consumption is hit by rising mortgage ... How bad it will be, we don't know. It could be that China keeps up demand," he ... Slowing growth would also stem from banks faced with less room to offer credit to ...
2007-12-05 01:19:00 -
Two-Year Treasuries Fall as Yields Near 2004 Low Deter Buying
Bloomberg - ... fell 95 basis points in November, the biggest monthly drop in 20 years, as credit ... at Bayerische Landesbank in Munich. ``What could be expected in terms of bad ... after the Daily Telegraph reported that the U.K. government may nationalize mortgage ...
2007-12-05 05:08:00 -
Mortgage giant Fannie Mae slashes dividend
MSNBC - WASHINGTON - Fannie Mae has joined rival mortgage financer Freddie Mac in cutting its dividend and selling billions of ... On Wednesday, Fannie Mae said it expects credit losses from bad loans to worsen in 2008. The comment came in a statement on its Web ...
2007-12-05 06:34:00 -
Fannie Mae Forecasts Wider Credit Losses In 2008 - Update [FNM]
RTT News - 12/5/2007 9:24:29 AM Wednesday morning, Fannie Mae (FNM), a provider of funds to mortgage lenders, said that it expects credit losses from bad loans in 2008 to worsen from the previous year due to the negative housing cycle and added that it ...
2007-12-05 06:20:00 -
Dollar Extends Gains After Strong ADP Report
CNBC - ... Sees Lower Rates Durable Goods Orders Fall for Third Straight Month Mortgage ... It suggests things may not be as bad as thought, though what the market and Fed ... Regulators Pressured Over Credit Crisis
2007-12-05 05:59:00 -
Stocks close down slightly amid investor unease
MSNBC - Fannie Mae has joined rival mortgage financier Freddie Mac in cutting its dividend and selling special stock to raise capital ... Check your 2007 Credit $0
2007-12-05 06:27:00 -
MORTGAGE MADNESS (New York Post)
IF you thought Hillary Clin ton's government takeover plan for health care was bad, wait 'til you see what she has in store for the housing sector. As always with the Clintons, the market is the problem and Big Nanny is the solution. Unfortunately...
2007-12-05 01:03:21 -
Fannie Mae Sees Worsening Credit Losses (AP via Yahoo! Finance)
Fannie Mae disclosed to investors and regulators on Wednesday that it expects credit losses from bad loans to worsen in 2008.
2007-12-05 06:28:56 -
Ohio House OKs limit to BWC investment options
Toledo Blade - The structure of safer investments is the reverse of past legislation that told the bureau what it could not invest in, a ... The proposed list of 26 permissible investments include such things as stocks, bonds, secured mortgages, money market funds ...
2007-12-05 02:10:00 -
Investor pool's troubles run deep
Palm Beach Interactive - The steps taken by the board Tuesday were meant not only to reverse a two-week, $13.5 billion run on the fund that began Nov ... The local government pool did not invest in subprime mortgages but did invest in corporate and commercial paper, which ...
2007-12-05 04:11:00 -
Mirvac Shares Rise to Record on Talks With Lend Lease (Update1)
Bloomberg - A deal between the two Sydney-based companies, which might be a reverse takeover, is close to being completed, the ... property market may weaken have intensified amid the slump in U.S. housing demand after the collapse of subprime mortgages ...
2007-12-04 10:06:00 -
Canada bank's rate cut leaves help for exporters in doubt
International Herald Tribune - Anticipated losses on U.S. subprime mortgages have worsened since mid-October, and are expected to persist for a longer period ... The rate cuts do not reverse things for our members," Myers said. "Their cash flow is under tremendous pressure because of ...
2007-12-05 03:35:00 -
Service-Industries Growth in U.S. Probably Slowed (Update2)
Bloomberg - Declining home construction and defaults on subprime mortgages are taking a toll on retailers, wholesalers and financial firms ... at the Investment Strategy Group of Bank of America Corp. in Boston. ``The services side of the economy is likely to reverse ...
2007-12-05 06:13:00