Mortgage and Financial News From 2008-2-13 Page 17

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  • Dow rallies nearly 180 points after retail data

    MSNBC - He also said investors were encouraged by the government's latest plan to help homeowners falling behind on mortgage payments. U.S. Treasury Secretary Henry Paulson said Wednesday he believes the economy will remain on a growth path, and pledged ...
    2008-02-13 03:20:00

  • Blow to scheme for home buyers as Advantage is closed down

    Guardian Unlimited - The US sub-prime mortgage crisis spread further into the UK yesterday when the US owner of Advantage Home Loans pulled the plug on the mortgage lender, which was aimed at people with bad credit ratings or a poor history of earnings. The decision ...
    2008-02-13 04:03:00

  • 12 per cent in profits - National Business Review

    12 per cent in profitsNational Business Review, New Zealand - 6 hours agoIt was dented by higher funding costs and bad debt charges. CBA said that turbulence on global credit markets had seen its wholesale funding costs rise by ...
    2008-02-13 02:40:52

  • How Low Will the Fed Go? - BusinessWeek

    How Low Will the Fed Go?BusinessWeek - 5 hours ago11, American International Group (AIG) announced it will be forced to write down the value of its mortgage-related financial instruments by nearly $5 ...
    2008-02-13 02:54:54

  • MBIA to urge curtailing short sellers - Guardian Unlimited

    MBIA to urge curtailing short sellersGuardian Unlimited, UK - 5 hours agoBond insurers are expected to make big payouts after insuring repackaged subprime mortgage and other risky debt. Those expected losses are eating into ...
    2008-02-13 03:22:13

  • Shares in Bradford & Bingley dive 23% - The Herald

    Shares in Bradford & Bingley dive 23%The Herald, UK - 4 hours agoMore than £347m was knocked off the value of the buy-to-let lender in the course of trading and it dragged other mortgage banks down with it. ...
    2008-02-13 04:03:53

  • Bradford & Bingley's buy-to-let woes - Telegraph.co.uk

    Bradford & Bingley's buy-to-let woesTelegraph.co.uk, United Kingdom - 4 hours agoHaving already unnerved the market, B&B added to the weak sentiment by revealing that bad debt provisions on its UK mortgage portfolio tripled to £22.5m ...
    2008-02-13 04:33:45

  • Shanghai market gets off to bad start - China Daily

    Shanghai market gets off to bad startChina Daily, China - 3 hours agoZhang Fan, an analyst at Changjiang Securities in Shanghai, said: "The market is worried the fallout of the US credit crisis on the global financial system ...
    2008-02-13 05:17:42

  • Time to exercise control - The Age

    Time to exercise controlThe Age, Australia - 1 hour agoDefensive portfolios hold cash, fixed interest securities (such as government and corporate bonds), conservative hedge fund strategies and mortgage ...
    2008-02-13 07:10:17

  • Home Ownership: Reasons Why You Should Become An Owner - American Chronicle

    Home Ownership: Reasons Why You Should Become An OwnerAmerican Chronicle, CA - 18 minutes agoA property is always a source of cheap financing even for those with bad credit. Since a house or condo can be used as collateral for a loan, the money owed ...
    2008-02-13 08:33:21

  • A Labyrinthine Path to Justice - Washington Post

    A Labyrinthine Path to JusticeWashington Post, United States - 3 minutes agoPolicing mortgage and credit-related fraud is the "number one priority" of the FBI's financial crimes unit, she added. FBI agents are working hand-in-hand ...
    2008-02-13 08:48:09

  • Shanghai market gets off to bad start (China Daily)

    In what analysts described as the beginning of another round of market adjustments, the benchmark Shanghai Composite Index yesterday fell 2.37 percent when the market reopened after the one-week break for Spring Festival.
    2008-02-13 05:24:14

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-02-13 05:39:19

  • Bradford & Bingley profits plunge after jump in mortgage arrears (Daily Mail)

    Banks reacted with alarm last night after Bradford and Bingley reported a sharp rise in mortgage arrears and bad debts and a slump in profits. Its shares plummeted 56 to 187 yesterday after it was revealed that profits fell by 49 per cent last year to £126m
    2008-02-13 06:07:49

  • Shanghai market gets off to bad start-英语点津 (China Daily)

    In what analysts described as the beginning of another round of market adjustments, the benchmark Shanghai Composite Index yesterday fell 2.37 percent when the market reopened following a week long break for Spring Festival.
    2008-02-13 07:02:54

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