Mortgage and Financial News From 2008-1-8 Page 27

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  • Alistair Darling tells banks to pass on lower interest rates as ... - Times Online

    Alistair Darling tells banks to pass on lower interest rates as ...Times Online, UK - 20 minutes agoMortgage lenders should pass on the benefits of interest-rate cuts to their customers, Gordon Brown and Alistair Darling said yesterday, amid growing ...
    2008-01-08 02:40:08

  • Market at year low soon after opening - Stuff.co.nz

    Market at year low soon after openingStuff.co.nz, New Zealand - 16 minutes agoIn the US the country's largest mortgage lender, Countrywide Financial, denied speculation it would file for bankruptcy. Despite the denial, its shares fell ...
    2008-01-08 02:43:49

  • Business Software Alliance settles unlicensed software claims - SC Magazine US

    Business Software Alliance settles unlicensed software claimsSC Magazine US - 15 minutes ago... American Mortgage Consultants paid $136750 for claims it had more copies of Adobe and Microsoft software on company computers than it had licenses. ...
    2008-01-08 02:45:11

  • West Coast Bancorp Reports Fourth Quarter Provision Charge - FOX News

    West Coast Bancorp Reports Fourth Quarter Provision ChargeFOX News - 9 minutes ago... permanent mortgage products for two-step program borrowers who qualify; at year end approximately 15 borrowers had used these products. The Company's ...
    2008-01-08 02:50:52

  • Stocks Tumble on New Signs of Economic Woes (NYTimes.com via Yahoo! Finance)

    Markets were rattled after the chief executive of AT&T suggested a weaker economy was forcing consumers to scale back spending.
    2008-01-08 02:40:21

  • Paulson Says U.S. May Expand Mortgage Aid (NYTimes.com via Yahoo! Finance)

    The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for 5 years to include borrowers of loans at prime rates.
    2008-01-08 02:40:21

  • Market at year low soon after opening (Stuff)

    LATEST: The New Zealand sharemarket hit a 12 month low this morning, taking its lead from the United States where shares were down heavily amid the ongoing financial sector crisis and growing concerns that the world's biggest economy faces recession.
    2008-01-08 02:44:57

  • Housing Woes, AT&T News Sinks Stocks (AP via Yahoo! Finance)

    Wall Street skidded lower in another fitful session Tuesday, with investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial Corp. but also create problems for other companies like AT&T Inc.
    2008-01-08 02:45:23

  • Alistair Darling tells banks to pass on lower interest rates as the pressure grows for another cut (Times Online)

    Mortgage lenders should pass on the benefits of interest-rate cuts to their customers, Gordon Brown and Alistair Darling said yesterday, amid growing pressure for rates to be reduced again tomorrow.
    2008-01-08 02:46:34

  • Morgan Keegan is Again Top Ranked Municipal Bond Underwriter in Six-State Region That Includes Arkansas (Business Wire via Yahoo! Finance)

    MEMPHIS, Tenn.----Morgan Keegan & Company, Inc. was the leading underwriter in 2007 of municipal bond issues in the South Central Region of the United States, a six-state area that includes Arkansas, according to Thomson Financial, one of the nation's leading municipal bond information services.
    2008-01-08 02:55:00

  • (AFX UK Focus) 2008-01-08 22:34 GMT: Stocks slide in volatile trading (Interactive Investor)

    NEW YORK (AP) - Wall Street skidded lower in another fitful session Tuesday, with investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial Corp. but also create problems for other companies like AT&T Inc. The Dow Jones industrials fell nearly 240 points.
    2008-01-08 02:57:45

  • Bear Stearns ends Cayne era

    Financial Times - ... style for the huge mortgage-related hits of 2007. Forgoing a bonus – as Morgan Stanley’s boss has done – does not quite hit the spot in terms of sharing investor pain. News that Jimmy Cayne is stepping down as chief executive of the broker ...
    2008-01-08 11:23:00

  • Stocks fall as Countrywide tumbles

    Washington Post - ... that Countrywide will declare bankruptcy or have some default action," said Al Greenberg, head floor trader at broker-dealer ... Other big decliners were shares of mortgage bond insurers MBIA Inc (MBI.N), down 13.9 percent at $15.15, and AMBAC Financial ...
    2008-01-08 10:05:00

  • Buyers look for cheap units in suburban hubs

    News.com.au - The latest mortgage index from property broker AFG has found the number of loans acquired by property investors increased by 4 per cent in November to 37.4 per cent of total loans. Ian Dore, developer of the Aspire Apartments – Ipswich's first high ...
    2008-01-08 12:35:00

  • Countrywide denies bankruptcy, but stock plunges

    Guardian Unlimited - Other decliners included mortgage lender IndyMac Bancorp Inc, down 10.9 percent, and bond insurer MBIA Inc, down 20.8 percent ... Countrywide will declare bankruptcy or have some default action," said Al Greenberg, head options floor trader at broker ...
    2008-01-08 01:11:00

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