Mortgage and Financial News From 2008-4-17 Page 01

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• Britain Considers Way to Help Ease Loan Market (NYTimes.com via Yahoo! Finance)

  The Bank of England and the British government are considering a move intended to help restore liquidity to the money markets by taking over the mortgage-backed assets of some banks.
  2008-04-17 05:41:08

• British PM says he is 'sticking to the job' (Stuff)

  British Prime Minister Gordon Brown has struck a defiant note in the face of his growing unpopularity, saying he was focused on keeping the economy on an even keel with the right long-term decisions.
  2008-04-17 06:12:10

• Cash-strapped governments and patent expiries fuel generics growth (Pharmaceutical Business Review)

  The increase in cost-limiting measures used by governments and a constant stream of patent expiries mean that the global generics market continues to grow. Generics sales growth is slowing in mature markets like the US, where generics use is high. However, as governments look to curb healthcare spending, the introduction of pro-generic legislation will see less mature markets, like Spain, change.
  2008-04-17 06:41:11

• Home buyers struggle to get loans (KGO-TV Bay Area)

  Find out how difficult it's become to get a home loan these days.
  2008-04-17 06:49:03

• India Orders Banks to Set Aside More Reserves to Cool Inflation (Bloomberg.com)

  April 18 (Bloomberg) -- India's central bank ordered banks to set aside more money to cool lending, adding to government efforts to rein in inflation running near a three-year high.
  2008-04-17 06:50:56

• Credit card companies may have to tighten their practices. (Florence Morning News)

  Lawmakers want to limit credit card companies.
  2008-04-17 07:17:55

• Britain Said to Consider Shoring Up Debt Market (NYTimes.com via Yahoo! Finance)

  The Bank of England and the British government are considering actions that would mirror steps taken by the United States Fed to restore liquidity to the money markets.
  2008-04-17 07:42:03

• China to loan Pakistan $500M (CNN.com)

  ISLAMABAD, Pakistan (AP) -- China will offer its close ally Pakistan a low-interest $500 million (315 million euro) loan to help ease its growing financial problems, Pakistan's foreign minister said.
  2008-04-17 07:50:21

• 'An earnings miss' for People's (Connecticut Post)

  BRIDGEPORT — Anyone with a savings account knows that rate cuts meant to spur spending and borrowing mean less interest on money that's socked away.
  2008-04-17 08:02:26

• Allied Home Mortgage Capital Corporation Recognizes Jim Homan as New Branch Manager in Hot Springs, AR (PrimeNewswire via Yahoo! Finance)

  HOT SPRINGS, Ark., April 17, 2008 -- Allied Home Mortgage Capital Corporation announces Jim Homan has taken over the branch in Hot Springs, AR. The branch is the only one in the city and 6th in the state.
  2008-04-17 02:42:58

• E-Trade reports $91.2 mln quarterly loss; touts new customers (Market Watch)

  E-Trade Financial Corp. reports a quarterly net loss as the discount broker continues to struggle with exposure to mortgage securities.
  2008-04-17 02:47:51

• Market Report: Shire galvanised by renewed bid speculation (Independent)

  Renewed bid talk took the pharmaceutical group Shire to an intra-day high of 956p yesterday.
  2008-04-17 04:13:26

• Why lenders are leery of short sales (The Daily Record)

  As more people fall behind on their mortgages, lenders have been slow to take advantage of a longstanding alternative to foreclosure - a so-called short sale.
  2008-04-17 04:41:16

• Realty Q&A: What's the best way to find a decent lender and get prequalified? (Market Watch)

  I hope to move from Seattle to Sacramento in the coming months. I am currently renting, but hope to buy a home in California. What is the best way to find a decent bank or mortgage broker to begin to get prequalified for a home loan?
  2008-04-17 04:47:51

• Three-quarters of mortgage deals scrapped - with more expected to follow (Evening Standard)

  More than 75 per cent of the mortgage deals which were available last summer have disappeared.
  2008-04-17 05:25:10

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