Mortgage and Financial News From 2008-1-14 Page 13

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  • Record profits for fund shorting subprime (FT.com via Yahoo! News)

    It was the greatest opportunity of his career, hedge fund manager John Paulson told investors in 2006.
    2008-01-14 08:05:11
  • Home sales predicted to bottom out (Winston-Salem Journal)

    "The demand for housing seems to have weakened further, in part reflecting ongoing problems in mortgage markets." Ben Bernanke the Federal Reserve chairman
    2008-01-14 08:08:39
  • Bonds Waver as Stocks Rise, Rate Cut Lingers

    CNBC - ... to three-year lows as most investors now expect the Fed to slash interest rates by ... The two-year yield reached to as low as 2.52 percent in early trade -- the lowest ... A growing number of economists are warning that a crisis in the subprime mortgage ...
    2008-01-14 07:49:00
  • A Fair Deal for All Americans

    Earthtimes - ... with consumer spending slowing, housing starts fell in December to their lowest ... prospect of losing their homes as a result of the ongoing subprime mortgage ... to reduce counterproductively high personal and corporate marginal tax rates ...
    2008-01-14 07:02:00
  • OptimumBank Holdings Announces Strong Quarterly and Year End Results

    MSN MoneyCentral - ... practices have been conservative since opening for business and we have not engaged in sub-prime mortgage lending ... We are entering the 2008 year with one of the lowest loan delinquency rates in Florida attesting to the overall strength of our ...
    2008-01-14 12:06:00
  • U.K. Inflation Rate Probably Returned to BOE Target (Update1)

    Bloomberg - ... time in three months in December, giving policy makers room to cut interest rates ... for the first time in seven years, according to HBOS Plc, the U.K.'s biggest mortgage ... people claiming unemployment benefits fell in December after dropping to the lowest ...
    2008-01-14 07:27:00
  • China's Consumer Is Stymied by Lack of Credit: Andy Mukherjee

    Bloomberg - ... in the Chinese economy probably slumped to 36 percent in 2007, the lowest in 20 ... Besides, even with rising borrowing costs, real interest rates in China are ... Wouldn't a more rational strategy be to take out a mortgage? ``When trend ...
    2008-01-14 12:28:00
  • Asia Day Ahead: Fed Tough Response to Recession Risk (Update1)

    Bloomberg - ... cent of its all-time low versus the euro on speculation U.S. interest rates will ... Goldman Bet on Subprime Mortgage Decline for Most of 2007 Goldman Sachs ... were little changed, with two-year note yields within 5 basis points of the lowest ...
    2008-01-14 01:32:00
  • Dollar Trades Near Record Low Versus Euro on Fed Rate-Cut Bets

    Bloomberg - The Mortgage Bankers Association yesterday forecast U.S. existing home sales will ... The heightened expectations of the Fed cutting interest rates has been the theme ... the dollar against six major currencies, touched 75.361 yesterday, the lowest since ...
    2008-01-14 03:55:00
  • Victoria Finance Credit Ratings Cut to D by S&P (Update1)

    Bloomberg - ... LLC, had its credit ratings cut by Standard & Poor's to D, the lowest level ... to U.S. mortgages lost all of their value last year, as foreclosure rates surged to the highest on record. CDOs are used to repackage assets such as buyout loans or mortgage ...
    2008-01-14 12:56:00
  • Treasuries Little Changed Before Report on U.S. Retail Sales

    Bloomberg - ... were little changed, with two-year note yields within 5 basis points of the lowest ... dated notes and sell longer-dated ones on speculation the difference between rates ... investors sought the relative safety of government debt on concern subprime mortgage ...
    2008-01-14 01:11:00
  • FOREX-Dollar dips as fears rise ahead of bank earnings

    Forbes - NEW YORK (Reuters) - The dollar fell Monday to its lowest level in seven weeks ... economy closer to recession, requiring the Federal Reserve to slash interest rates ... S. banks announce big write-downs linked to the troubles in the subprime mortgage ...
    2008-01-14 01:54:00
  • Sharemarket regains some lost ground - The Press

    Sharemarket regains some lost groundThe Press, New Zealand - 6 hours agoLast week, ANZ National raised its key two-year fixed-mortgage rate to 9.6% and Westpac quickly followed suit. Yesterday, BNZ raised its rates to 9.6%. ...
    2008-01-14 01:47:00
  • Dollar dips as fears rise ahead of bank earnings - Guardian Unlimited

    Dollar dips as fears rise ahead of bank earningsGuardian Unlimited, UK - 6 hours agoBy Kevin Plumberg NEW YORK, Jan 14 (Reuters) - The dollar fell on Monday to its lowest level in seven weeks against the euro and yen on fears that weak US ...
    2008-01-14 01:57:44
  • Find your net worth online - The Sun

    Find your net worth onlineThe Sun, UK - 5 hours agoYou can compare rates on savings, mortgages and loans by using Sun Money's comparison service, which scours the market to bring you the best deals. ...
    2008-01-14 02:26:37