Mortgage and Financial News From 2009-1-26 Page 01
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Bad News Is Better Than No News - Wall Street Journal
We're now more than $1 trillion in taxpayer bailouts into the credit crisis, and the one enduring certainty is uncertainty. There is uncertainty about what caused the problem, uncertainty that either Wall Street or Washington knows what to do, and ...
2009-01-25 05:59:00 -
Toxic Assets Offer Buy-and-Hold Deal for U.S.: John M. Berry - Bloomberg
Jan. 27 (Bloomberg) -- If you want to make some big money, buy a chunk of those toxic mortgage-backed assets dragging down banks. You might harvest a bundle. Money is there to be made because investors, spooked by the bursting of the housing bubble ...
2009-01-26 10:16:00 -
Fannie Mae To Seek Funds From Treasury: Mortgage Firms' Requests For ... - Washington Post
Fannie Mae said yesterday that it expects to request up to $16 billion from the Treasury Department, marking the first time the federally run mortgage giant will tap the government's largesse. Freddie Mac has already received $13.8 billion from the ...
2009-01-26 10:59:00 -
Bank of America?s Difficult Choice (New York Times)
Bank of America?s board should show its chief executive the door, and opinion on the Dow Chemical?s acquisition of Rohm and Haas.
2009-01-26 07:47:58 -
Bank of America's Difficult Choice (Rocky Mount Telegram)
Bank of America’s Difficult Choice Who needs the government to create a new “bad bank ...
2009-01-26 08:16:18 -
Bad news: we’re back to 1931; good news: it’s not 1933 yet (The Malaysian Insider)
LONDON, Jan 27 – Barack Obama inherits an economy already contracting at an annual rate of 6 per cent, much like the mid-Depression year of 1931 (-6.4 per cent). This may beat Germany (-7 per cent), Japan (-12 per cent) and Korea (-22 per cent) over the fourth quarter. But that merely underlines the dangers ahead as the collapse of global trade chokes the mini-boom in US exports, setting off ...
2009-01-26 08:24:46 -
BC BREAKING NEWS: (Kelowna Capital News)
others also read... Is it your fault? Did the sight of stocks crashing, RRSPs being gutted and home values plummeting wake you from your spending reverie?
2009-01-26 10:05:30 -
Yen Falls a Second Day as Stock Gains Reduce Demand for Safety (Bloomberg)
Jan. 27 (Bloomberg) -- The yen weakened for a second day against the dollar and the euro as gains in stocks reduced demand for the currency as a haven from the financial crisis.
2009-01-26 11:21:08 -
Nationwide cuts fixed-rate mortgage costs - Times Online
Nationwide, Britain's biggest building society, will cut its fixed-rate mortgage deals tomorrow by up to 1 percentage point, reflecting a fall in the cost of wholesale mortgage funding. A three-year fixed-rate deal for borrowers with a 25 per cent ...
2009-01-20 04:58:00 -
Break fees cause confusion: where to complain? - National Business Review
Mortgage holders who are unimpressed with being charged extortionate break fees are confused about whether to direct their concerns to the Banking Ombudsman or the Commerce Commission. Break fees – the penalty charged by banks when a mortgage ...
2009-01-26 09:33:00 -
World stocks end higher; bank shares boost Europe - WTOP Radio
LONDON (AP) - World stock markets closed higher Monday following an upbeat performance on Wall Street and reassuring news from Europe's battered banking sector. Bucking the trend were shares in Japan, the only major Asian market open Monday amid a ...
2009-01-26 04:25:00 -
Storm clients in dire straits (Sydney Morning Herald)
Many clients of Storm Financial and City Pacific are in dire straits - here is a sample of recent correspondence.
2009-01-26 07:43:17 -
Goff calls on Govt to intervene over mortgage break fees (Otago Daily Times)
Labour leader Phil Goff is calling on the Government to clamp down on banks charging exorbitant fees to people wanting to break their mortgages due to hardship.
2009-01-26 08:41:35 -
SURVEY SAYS: (Las Vegas Business Press)
The Review-Journal conducted its poll of local business owners, managers and entrepreneurs in December.
2009-01-26 09:21:38 -
Good news? That bad news is no news, says AMP Capital (The New Zealand Herald)
The good news is that the bad news is all out there.
2009-01-26 09:22:17