Mortgage and Financial News From 2008-1-14 Page 7

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  • Clinton, Obama Step Back From Race Flap - Glens Falls Post-Star

    Clinton, Obama Step Back From Race FlapGlens Falls Post-Star, NY - 49 minutes agoBarack Obama, D-Ill., participates in a roundtable discussion on home mortgages in Reno, Monday, Nev., Jan. 14, 2008. (AP Photo/Charles Rex Arbogast) ...
    2008-01-14 08:54:30

  • Bankers slam debt bill - Boston Herald

    Bankers slam debt billBoston Herald, United States - 38 minutes ago... to write down the value of second homes and investment properties. Lenders reacted by increasing the cost of mortgages on those kinds of properties. ...
    2008-01-14 09:05:22

  • Dollar Falls for Fourth Day Against Yen on Fed Rate-Cut Bets - Bloomberg

    Dollar Falls for Fourth Day Against Yen on Fed Rate-Cut BetsBloomberg - 36 minutes agoThe dollar also weakened before this week's earnings reports from Citigroup Inc. and Merrill Lynch & Co., which will highlight losses on subprime mortgages. ...
    2008-01-14 09:07:10

  • Credit squeeze tightens as lenders wary of 100pc loans - Irish Independent

    Credit squeeze tightens as lenders wary of 100pc loansIrish Independent, Ireland - 34 minutes agoBy Charlie Weston Personal Finance Editor ONE in four first-time buyers took out a 100pc mortgage in the second-half of last year, a slight increase from ...
    2008-01-14 09:09:09

  • Wall Street's Bailout Resumes - ABN Newswire (press release)

    Wall Street's Bailout ResumesABN Newswire (press release), Australia - 17 minutes agoAt one stage last year a figure that large wasn't even assumed to be the outcome for the bank from actual losses on subprime mortgages and CDOs: its ...
    2008-01-14 09:26:28

  • LHD teacher turnover ‘frighteningly typical’ - Today's News-Herald

    LHD teacher turnover ‘frighteningly typical’Today's News-Herald, AZ - 5 minutes agoThe model is already being used in communities on the Navajo Reservation, he said. “I don’t think quick fixes, like signing bonuses and cheap mortgages, ...
    2008-01-14 09:38:14

  • Citigroup to Cut 20,000 Jobs and Slash Dividend, WSJ Reports (Bloomberg.com)

    Jan. 14 (Bloomberg) -- Citigroup Inc. plans to eliminate more than 20,000 jobs, slash its quarterly dividend and collect at least $10 billion in cash from outside investors to shore up capital eroded by subprime losses, the Wall Street Journal reported, citing unidentified people familiar with the matter.
    2008-01-14 04:44:04

  • Mason dad talks to cops (The Cincinnati Enquirer)

    With a guard posted around-the-clock outside his University Hospital room, the man accused of killing his wife and four children Friday night in Mason is awake and has talked to police.
    2008-01-14 04:45:40

  • Clinton, Obama Step Back From Race Flap (The San Francisco Examiner)

    (AP Photo/Charles Rex Arbogast) Democratic presidential hopeful Sen. Barack Obama, D-Ill., participates in a roundtable discussion on home mortgages in Reno, Monday, Nev., Jan. 14, 2008.
    2008-01-14 05:57:56

  • IBM beats analysts' expectations by 20 cents; Virgin Atlantic plans to a jet on biofuel (Austin American-Statesman)

    BOSTON — IBM Corp. said Monday that its earnings per share in the fourth quarter blew past analysts' expectations by 20 cents. IBM's executives released a peek at the results in advance of Thursday's full quarterly report.
    2008-01-14 06:55:22

  • Sovereign Bancorp To Take $1.6 Billion In Charges (Hartford Courant)

    Sovereign Bancorp Inc. said Monday that it expects to take $1.6 billion in charges for the fourth quarter, as customers defaulted on loans and its investment in a New York thrift yielded lower-than-expected revenue and profits. Its shares fell nearly 3 percent in afternoon trading.
    2008-01-14 07:08:20

  • Home sales decline for sixth straight month (Austin American-Statesman)

    Central Texas home sales declined 13 percent in November from a year earlier, down for the sixth month in a row, according to the Austin Board of Realtors.
    2008-01-14 07:55:10

  • Dollar Falls for Fourth Day Against Yen on Fed Rate-Cut Bets (Bloomberg.com)

    Jan. 15 (Bloomberg) -- The dollar fell for a fourth day against the yen and traded near a record low versus the euro on speculation a report will show U.S. retail sales stalled, threatening to end a six-year economic expansion.
    2008-01-14 09:22:13

  • O'Malley Proposes Tuition Freeze

    Washington Post - ... penalties for subprime loans, toughen mortgage fraud laws and increase the waiting period from default to foreclosure from 15 to 150 days. ... loans are about to reset to a higher interest ...
    2008-01-14 05:43:00

  • Food cost increase adds £750 to annual bill

    Daily Telegraph - ... the weight of rising council tax bills, mortgage repayments and energy costs. The inflationary pressures also make it less likely that the Bank of England will provide any relief by cutting interest ... Food prices are not the only costs being driven ...
    2008-01-14 08:56:00

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