Mortgage and Financial News From 2008-10-23 Page 01

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• Old Republic Reports Third Quarter and First Nine Months 2008 ... - MSN MoneyCentral

  Cash Dividends Per Share $0.17 $0.16 6.3% $0.50 $0.47 6.4% Book Value Per Share $16.96 $19.81 -14.4% Old Republic's consolidated operating results, which exclude net realized investment gains or losses, continued to decline in this year's third ...
  2008-10-23 08:05:00

• Guy on the street could have told you that a month ago. - Globe and Mail

  Raymond P from Canada writes: The report is based on an $0.85 dollar and oil at $82. Oops. The dollar and oil are below this level so is the outlook actually more bleak than stated? The Bank of Canada has cut rates 3/4 of a point but my variable ...
  2008-10-23 07:46:00

• Halloween revelers take fright out of economy (Leader-Telegram)

  Considering the current state of the U.S. economy, do we really need to celebrate Halloween this year? Forget ghouls, gremlins and other ghastly ghouls, how is this for scary?
  2008-10-23 12:18:06

• Mortgage rates drop (Bankrate.com via Yahoo! Finance)

  The benchmark 30-year fixed-rate mortgage dropped 42 basis points to an average 6.32 percent.
  2008-10-23 05:00:00

• Rising and falling rates (Bankrate.com)

  It's a cliché to compare mortgage rates to a roller coaster. So how about comparing rates to the Demon Drop? That's the ride at northern Ohio's Cedar Point that goes straight up and then drops into free-fall.
  2008-10-23 06:05:24

• Shaw Announces Strong Fourth Quarter and Full Year Results and Provides 2009 Preliminary Guidance (Marketwire via Yahoo! Finance)

  Shaw Communications Inc. today announced results for the fourth quarter and fiscal year ended August 31, 2008. Consolidated service revenue for the three and twelve month periods of $806 million and $3.10 billion, respectively, improved 13% and 12% over the same periods last year.
  2008-10-23 07:00:00

• Old Republic Reports Third Quarter and First Nine Months 2008 Financial Results (PR Newswire via Yahoo! Finance)

  Old Republic International Corporation , today reported the following results for the third quarter and first nine months of 2008:
  2008-10-23 08:00:00

• Today on the presidential campaign trail (Seattle Times)

  IN THE HEADLINES
  2008-10-23 11:34:35

• Mortgage Default Notices Drop in California (TheStreet.com)

  Change in state's foreclosure process may have delayed paperwork.
  2008-10-23 12:48:01

• Banned mortgage practice has merit - Marketplace.publicradio.org

  KAI RYSSDAL: With today's new mortgage plan from the FDIC, there is some hope for homeowners staring down the barrel of foreclosure in this economy. As John Dimsdale was telling us, the $40 billion it's gonna cost will come out of the original pool ...
  2008-10-23 05:59:00

• Home foreclosures hit record high in California - Los Angeles Times

  A record number of homes were lost to foreclosure in California over the last three months, up 228% from last year to a high of 79,511 homes. MDA DataQuick reported that more homes were taken back by lenders in the three months ended Sept. 30 than at ...
  2008-10-23 12:08:00

• Official: mortgage plan coming soon - Boston Globe

  WASHINGTON— A senior Treasury official says the department intends to get a program to help struggling homeowners revise mortgages up and running soon. Neel Kashkari, who is heading the government's $700 billion financial rescue effort, told ...
  2008-10-23 03:29:00

• US mulls new bailout amid rising mortgage defaults - Times Online

  The American sub-prime mortgage market plunged deeper into crisis during the third quarter as US foreclosure filings rocketed by 71 per cent to hit their highest number on record. Figures released by RealtyTrac, the California-based data service ...
  2008-10-23 06:28:00

• Mortgage loans tick up from record lows - Times Online

  Mortgage lending picked up slightly in September but remained near record lows as the housing market continued to be gripped by the seizure in the home loan market. Some 23,422 mortgages for house purchase were approved by British banks last month ...
  2008-10-23 06:20:00

• U.S. home foreclosures rise dramatically - Xinhua News Agency

  LOS ANGELES, Oct. 23 (Xinhua) -- The number of homes being fore closured in the United States was up 126 percent over the last three months, Realty Trac Inc. reported on Thursday. Home foreclosures from July to September totaled 250,091, the firm ...
  2008-10-23 07:25:00

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