Mortgage and Financial News From 2008-4-21 Page 01

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• Oil: How High from Here? (BusinessWeek)

  Prices could reach new record highs as traders bid up oil in reaction to a weak U.S. dollar brought on by low interest rates
  2008-04-21 10:05:44

• Royal Bank of Scotland confirms plan for rights issue (icWales)

  THE UK’s second biggest bank has confirmed it is considering plans to ask shareholders for billions of pounds in extra funding.
  2008-04-21 10:07:05

• Bank of America's first-quarter profit shrinks; bad sign for economy, CEO hints (The Press-Enterprise)

  CHARLOTTE, N.C. - If the 77 percent drop in Bank of America's first-quarter earnings is any indication, the economy may have a long way to go before it works out the problems that began with the subprime mortgage crisis.
  2008-04-21 10:07:18

• Farmers State Bank now Mercantile (St. Joseph News-Press)

  Farmers State Bank of Northern Missouri is now Mercantile Bank. The merger of Farmers into Mercantile was completed on Friday. Farmers locations in Savannah and St. Joseph now operate as full-service branches of Mercantile Bank.
  2008-04-21 10:08:37

• County foreclosure rate remains high (McKinney Courier-Gazette)

  Home foreclosures remain at a high steady rate, but are comparatively better than the state and national rates. According to preliminary statistics compiled by the Foreclosure Listing Service, foreclosure postings for Collin County will 400 homes next month for the seventh consecutive month.
  2008-04-21 10:11:51

• Public Record (The Findlay Courier)

  Docket
  2008-04-21 10:15:26

• National And International Report / U.S. proposes new rules for foreign investment reviews (Pioneer Press)

  The Bush administration, pledging a "strong and continued commitment" to safeguarding national security, issued 90 pages of regulations Monday to implement a new law tightening security reviews of foreign investments.
  2008-04-21 10:16:56

• Darling wants lenders to pass on lower rates (Reuters.co.uk)

  LONDON (Reuters) - Chancellor Alistair Darling will meet mortgage lenders on Tuesday to press them to cut the cost of home loans and look at ways of helping people refinance their mortgages.
  2008-04-21 10:18:28

• County’s home prices hold steady (Daily Local News)

  Home prices in Chester County held up compared to the national trend, increasing 0.8 percent in the first quarter, according to the latest Prudential Fox & Roach Realtors HomeExpert Market Report.
  2008-04-21 10:20:26

• Darling wants lenders to pass on lower rates (Interactive Investor)

  Tue 22 Apr, 2008 05:01
  2008-04-21 10:21:57

• Bank of America's profit drops 77% (KIFI Idaho Falls)

  Associated Press - April 21, 2008 11:03 AM ET CHARLOTTE, N.C. (AP) - Bank of America is the latest big bank to report on the impact of the housing slump and credit crisis.
  2008-04-21 08:05:24

• Bank of America's profit drops 77 percent in first quarter (San Jose Mercury News)

  CHARLOTTE, N.C. - Bank of America said today its profit fell 77 percent in the first quarter, hurt by trading losses and a $3.
  2008-04-21 08:05:47

• Bonds Turn Positive In Late Morning Trading (Nasdaq)

  (RTTNews) - After seeing earlier weakness, treasuries have moved into positive territory in late morning trading on Monday, as worries over the health of the economy send investors out of stocks and into the safety of government backed bonds.
  2008-04-21 08:06:28

• U.S. Stocks Droop in Morning Trading (TheStreet.com)

  All three major indices were down amid depressing news from Bank of America, which missed Wall Street's expectations after a big writedown, and National City, which confirmed a dilutive equity infusion.
  2008-04-21 08:06:32

• (AFX UK Focus) 2008-04-21 16:00 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST (Interactive Investor)

  2008-04-21 15:31:15 Earnings roundup: National City, Gannett Financial Desk:
  2008-04-21 08:07:10

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