Mortgage and Financial News From 2008-8-3 Page 5
Previous Day: 2008-08-02
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14
-
Bad debts double as credit crisis escalates (Irish Examiner)
BAD debt judgments have almost doubled in the past five years and are likely to rise by another 30% to more than €250 million in the next 12 months as the credit crunch tightens its grip on the economy.
2008-08-03 04:31:41 -
Live, learn, enjoy everything - Boston Globe
WHAT'S MORE celebratory than a summertime wedding? Bucolic settings, affirmations of love, great clothes, dancing. I've been to two this summer, both testaments to a younger generation's optimism for the future. We don't usually think of saying ...
2008-08-03 03:12:00 -
Hundreds of banks will fail, Roubini tells Barron's - Reuters
NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor Nouriel Roubini told Barron's in ...
2008-08-03 01:03:00 -
Stakes rise for decision on interest rates - Times Online
It cannot get much tougher than this. For months, the nine members of the Bank of England's Monetary Policy Committee (MPC) have been caught in a vice between the conflicting pressures of rapidly worsening growth prospects for the economy and ...
2008-08-03 01:46:00 -
GMAC reports $2.48B quarterly loss - CNN Money
NEW YORK (AP) -- GMAC Financial Services said Thursday it swung to a $2.48 billion second-quarter loss, pulled down by a steep drop in the values of used trucks and sport utility vehicles. The loss, which exceeded GMAC's losses for all of 2007 ...
2008-07-30 05:47:00 -
Helping horses duty, passion for Greenville woman (KRIS-TV Corpus Christi)
GREENVILLE, Texas -- Hawk Reeves named her place Phoenix Pharms, after the mythical bird that rises from its own ashes, because it's where her rescued horses and other animals find new...
2008-08-03 07:11:53 -
Hidden, self-made millionaires around us (Philippine Daily Inquirer)
MANILA, Philippines--What comes to mind when you hear the word "millionaire"? Probably images of the usual suspects--a rich businessman in a pin-striped suit, a politician and his big SUV, a kid who inherited loads of cash from his parents and living it up in the big city, or the most common of all, the CEO-type.
2008-08-03 10:07:15 -
Credit crunch (BBC News)
Who have been the biggest losers from the financial crisis?
2008-08-03 11:23:59 -
Credit crunch a year on: the losers (BBC News)
A year on from the onset of the global credit crunch, who have been the biggest losers from the financial crisis?
2008-08-03 11:24:50 -
So far, insurers don't show big 2Q mortgage losses (INO News)
(AP:CHARLOTTE, N.C.) The first read on insurance companies' second-quarter earnings shows they're taking hits from the same kinds of mortgage-backed investments as other financial firms _ but so far, most haven't had the severe losses that banks and investment firms have seen.
2008-08-03 12:53:50 -
Downgraded NAB tips tighter credit (News Interactive)
WORSENING credit market conditions is the forecast from National Australia Bank chairman Michael Chaney, as he moves to plug holes in the bank's credibility.
2008-08-03 02:12:00 -
Weekend Reading: In a Mode - Street.Com
Good Sunday afternoon, and welcome to Weekend Reading. First, a look back at the week that just finished, then a look forward to the week ahead, and finally, a summary of articles and papers worth reading. It was a decent week for the markets, which ...
2008-08-03 12:13:00 -
Can I Sell You a Bridge in Brooklyn? - Slate
The Federal Reserve will issue new lending rules to " restrict exotic mortgages " for people with poor credit ratings, according to a report in Tuesday's New York Times . What's so exotic about an exotic mortgage? Its nontraditional repayment plan ...
2008-07-31 05:53:00 -
Fitch Upgrades 1 Class from DLJ Commercial Mortgage Corp. Series 1998 ...
--$35.0 million class B-1 at AAA; --$23.5 million class B-2 at AAA; --$15.6 million class B-3 at AAA; Fitch does not rate the $13.8 million class C certificates. Classes A-1A, A-1B, A-1C, A-2, A-3, and A-4 are paid in full. The upgrade is the ...
2008-08-02 10:48:00 -
Tax credit for home buyers works like an interest-free loan (Los Angeles Times)
Purchasers can shave as much as $7,500 off their IRS bills, though it must be repaid. Anyone who's been sitting on the sidelines hesitant to jump into the housing market until conditions settle down should know these dates: April 9, 2008, through June 30, 2009.
2008-08-03 06:16:08