Mortgage and Financial News From 2008-1-19 Page 19

RSS Feed

Previous Day: 2008-01-18

Return to the mortgage news archive home.

  • Don’t bank on euro as the pound slides - Times Online

    Don’t bank on euro as the pound slides Times Online, UK - 15 minutes ago It amounts to a loss of sterling’s interest- rate advantage. Add in those dreadful third-quarter current -account figures, loss of confidence in the British ...
    2008-01-19 04:37:50
  • 2nd UPDATE:ECB Draghi Sees Inflation Still Driving Euro Rates (Nasdaq)

    BARI, Italy -(Dow Jones)- The European Central Bank will continue to maintain its focus on price stability when setting interest rates in the euro zone, ECB Governing Council Member Mario Draghi said Saturday, reasserting the central bank's goal of keeping inflation under control.
    2008-01-19 07:35:47
  • ECB Must Act Quickly Against Inflation, Draghi Says (Update2) (Bloomberg.com)

    Jan. 19 (Bloomberg) -- European Central Bank council member Mario Draghi said it is the responsibility of the central bank to fight inflation even as Europe's economy slows.
    2008-01-19 07:47:25
  • Rates on 30-year mortgages decline further below 6 percent level (Waxahachie Daily Light)

    WASHINGTON (AP) – Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown.
    2008-01-19 04:38:08
  • The Construction Site Called Saudi Arabia (NYTimes.com via Yahoo! Finance)

    In a massive city of steel at the edge of the Red Sea, Saudi Arabia is trying to move beyond oil to become an industrial power. .
    2008-01-19 04:40:00
  • Burned but Bullish at Citigroup (NYTimes.com via Yahoo! Finance)

    Despite, the market’s recent plunges, Tobias Levkovich, the chief United States equity strategist at Citigroup, remains optimistic for gains in 2008.
    2008-01-19 04:40:00
  • No need to panic, says RBA

    News.com.au - RESERVE Bank governor Glenn Stevens has played down the effects of massive falls on the Australian and international ... funds lose $55bn as shares crash 7. Banks not raising savings rates 8. Rewriting the workplace rules 9. Nervous families refinance home ...
    2008-01-19 01:09:00
  • Hillary’s Economy Stimulus Plan - PoliGazette

    Hillary’s Economy Stimulus Plan PoliGazette, Netherlands - 3 hours ago In addition, Senator Clinton proposed to temporarily empower state housing financing agencies to help families refinance unworkable mortgages and ...
    2008-01-19 12:27:41
  • Liverpool turmoil grows as Rafael Benitez stays defiant - Times Online

    Liverpool turmoil grows as Rafael Benitez stays defiant Times Online, UK - 2 hours ago The first step in that process would be to complete a £350m deal to refinance debts accrued by the Americans as result of their £220m takeover of Liverpool ...
    2008-01-19 01:52:56
  • MBIA: Priced for Catastrophe

    Barron's Online - Credit protection on MBIA's debt likewise jumped to a first-year cost of $3.1 million per $10 million of debt exposure and ... All a bond insurer has to sell to issuers of municipal and corporate bonds and structured investment products like mortgage ...
    2008-01-19 06:03:00
  • Merrill Lynch posts steep loss in Q4

    Times of India - ... of Merrill Lynch, cleared the decks with some $15 billion of subprime mortgage ... while it was among the most aggressive moves on Wall Street to deal with bad bets on subprime mortgages, Thain’s still not ready to say the worst of the credit ...
    2008-01-19 10:35:00
  • Business Minute: Stocks down for another week

    Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit ... NEW YORK (AP) - The latest twist in the credit crunch is seen causing pain for cities and banks, which are at increased ...
    2008-01-19 09:59:00
  • King County investments take a hit

    Seattle Times - Standard & Poor's suspended its credit rating of the King County Investment Pool on Friday, four days after S&P severely downgraded a $52 million mortgage-backed investment that is in default. The pool's financial troubles are the result of a ...
    2008-01-19 12:05:00
  • How safe is your bank?

    Times Online - ... fears that RBS could be hit with further losses linked to the credit crunch, a potential surge in retail and commercial banking bad ... about 40% of all mortgage products and many believe that net mortgage lending could dive 15% this year. The credit ...
    2008-01-19 02:52:00
  • Lending crunch isn't helping Experian

    Daily Telegraph - Its most important clients are financial institutions who use the company's services to vet prospective credit card and mortgage ... Nevertheless, there's too much potential for more bad news to buy into the shares now - even though its trading ...
    2008-01-19 02:31:00