Mortgage and Financial News From 2009-8-7 Page 01
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AIG Posts $1.82 Billion Profit, First Since 2007 (Update4) - Bloomberg
Aug. 7 (Bloomberg) -- American International Group Inc. , the insurer rescued by the U.S. government, reported its first profit in seven quarters on narrowing investment losses and a rebound in the value of some derivatives. The stock gained 20 ...
2009-08-07 03:59:00 -
Employers cut just 247,000 jobs in July; jobless rate dips, strong ... - Minneapolis Star Tribune
Featured comment How did Wall Street specifically make people stop paying their mortgage? Until their are job gains, the improvement is zero. A decline in jobs is still a decline. Improvement in the rate of decline I will give … read more you that ...
2009-08-07 10:16:00 -
AIG Credit Swaps Decline to Lowest in Five Months (Update1) - Bloomberg
Aug. 7 (Bloomberg) -- The cost to protect against an American International Group Inc. default dropped to the lowest since February after the insurer, rescued by the U.S. government, reported its first profit in seven quarters. Second-quarter net ...
2009-08-07 10:09:00 -
Obama says US economy saved from 'catastrophe' - Channel NewsAsia
WASHINGTON: President Barack Obama on Friday seized on a surprise drop in job losses to proclaim his policies had staved off economic catastrophe, seeking new momentum after days of draining political attacks. The new data -- which showed ...
2009-08-07 07:20:00 -
Jobs Losses Dwindle as Unemployment Rate Drops - Washington Post
Job losses shrank dramatically in July and the unemployment dipped slightly, bolstering hopes that the end of the recession is near. Non-farm payrolls fell by 247,000 in July, the Labor Department reported this morning, far fewer than many economists ...
2009-08-07 04:57:00 -
Employers cut 247,000 jobs in July; jobless rate dips, strong signal ... - Kingsport Times-News
WASHINGTON (AP) -- Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months. It was a better-than-expected showing that offered a ...
2009-08-07 04:14:00 -
Top 5: PDX: Lowest apartment vacancy in U.S. - Oregonian
Michael Lloyd/The Oregonian Opus Northwest is looking for renters to fill its new Ladd Tower luxury apartment building across from The Oregonian on Southwest Broadway. Your Top 5 real estate stories for Friday. 1. PDX: Lowest apartment vacancy in U.S ...
2009-08-07 06:08:00 -
An Unpleasant Surprise Hurts BOE Credibility - Wall Street Journal
An Unpleasant Surprise Hurts BOE CredibilityWall Street JournalThree-year government bonds have a direct bearing on mortgage rates, which remain high. But it isn't clear that buying more gilts is the answer. ...and more »
2009-08-06 11:01:27 -
(RBA) STATEMENT ON MONETARY POLICY - Forex Hound
(RBA) STATEMENT ON MONETARY POLICYForex HoundHouseholds with mortgages have also benefited from the large reduction in mortgage rates. Over the past few months, household wealth has also risen ...and more »
2009-08-06 11:35:39 -
ČNB cuts interest rates to record low - Prague Daily Monitor
ČNB cuts interest rates to record lowPrague Daily MonitorThe Polish central bank kept the benchmark rate flat at record-low 3.5 percent. The European Central Bank (ECB) and the British central bank also had ...and more »
2009-08-07 01:09:08 -
Mortgage rates decline - Sun-Sentinel.com
Mortgage rates declineSun-Sentinel.comLow mortgage rates can spur refinance activity and make home buying more attractive. Rates on 30-year mortgages dropped to their lowest level on record, ...and more »
2009-08-07 02:03:11 -
AIG Posts $1.82 Billion Profit, First Since 2007 - Bloomberg
AIG Posts $1.82 Billion Profit, First Since 2007BloombergAmerican General said last month it would get as much as $975 million selling mortgage-backed certificates to Credit Suisse. The insurer will skip the ...and more »
2009-08-07 07:14:19 -
AIG Posts $1.82 Billion Profit, First Since 2007 - Bloomberg
AIG Posts $1.82 Billion Profit, First Since 2007BloombergThe cost to protect against an AIG default dropped to the lowest in five months today. Swaps on AIG fell 5.2 percentage points to 16.5 percent upfront, ...and more »
2009-08-07 09:01:47 -
Recovery comes at a price - Sydney Morning Herald
Recovery comes at a priceSydney Morning HeraldThe statement says households and businesses should easily be able to afford such increases, describing mortgage rates as their lowest since 1964 and ...and more »
2009-08-07 09:07:06 -
San Diego's Housing Market on Slow Road to Recovery - KPBS
San Diego's Housing Market on Slow Road to RecoveryKPBSTheir default rates are all below 10 percent, far below the rates of Argent Mortgage (55.1 percent of loans resulting in a default notice), WMC Mortgage ...
2009-08-07 01:22:10