Mortgage and Financial News From 2008-8-3 Page 7
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Seeing Signs of Stability (New York Times)
Real estate professionals say they see at least some glimmers of stability in the Long Island residential market, although nobody is ready to declare that the decline is definitely over.
2008-08-03 08:50:18 -
Australian banks forecast big debts (Otago Daily Times)
Australia's major banks are expected to see debt provisions - largely related to the US subprime mortgage crisis - almost triple to $A6.6 billion next year, but are better placed than US counterparts to weather the mortgage storm and ensuing credit crunch.
2008-08-03 10:15:08 -
Fed likely to hold rates steady amid crosscurrents (AP via Yahoo! Finance)
An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy.
2008-08-03 11:18:25 -
Have stocks stabilized, or is there pain to come? (Deseret Morning News)
After last week's dreary economic news, Wall Street is more certain than ever that it is facing a recession. But it's also seeing signs that corporate America is enduring the difficulties better than it anticipated.
2008-08-03 11:33:06 -
Freddie Mac ramps up foreclosure help - MSN MoneyCentral
Freddie Mac is beefing up its efforts to reduce foreclosures. The McLean-based mortgage giant announced Thursday it is doubling the incentive it pays to mortgage servicers for keeping troubled borrowers out of foreclosure. The company also will start ...
2008-08-01 09:09:00 -
Free Mortgage Newsletters - Colleyville Courier
Free mortgage news headlines by email 3 times weekly. Mortgage companies use Loanbright's PPC Ad Network to drive targeted traffic to their websites by promoting their latest rates across a variety of mortgage and real estate portals. http://www ...
2008-08-03 06:15:00 -
Big Oil, big quarter, no surprise | www.charlotteobserver.com
HOUSTON Oil giants Chevron Corp. and Total SA wrapped up a string of gargantuan, record-breaking earnings reports Friday, a stretch in which six of the major international oil companies topped $50 billion in combined profit for the first time.
2008-08-02 06:45:00 -
Who's got the bling here - Catholics or Protestants? (Belfast Telegraph)
There are 13 private jets on order for rich customers here. But who has the loot to pay for it all? Is it Catholics or Protestants? In a provocative report, Jim Cusack comes up with some surprising findings
2008-08-03 08:18:47 -
Fed to sit tight on rates as oil prices moderate (EARTHtimes.org)
WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to hold interest rates steady on Tuesday, acknowledging financial conditions remain strained, but making clear it is still worried about inflation despite a recent pullback in energy prices.
2008-08-03 08:23:07 -
(AFX UK Focus) 2008-08-03 16:05 TFN NEWS BRIEFING: Mergers and acquisitions highlights to 15:50 BST (Interactive Investor)
2008-08-03 15:26:21 Telecom Italia CEO rules out Telefonica hostile bid
2008-08-03 08:30:26 -
SEC warns people using aliases for business purposes (Philstar.com)
The Securities and Exchange Commission (SEC) has revoked the corporate license of Care Best International Inc., a janitorial services provider whose clientele comprises mostly government offices and agencies, on the ground of fraud.
2008-08-03 09:30:04 -
SCA commutation deal relieves pressure on XL (Business Insurance)
HAMILTON, Bermuda - XL Capital Corp. Ltd. put a major problem behind it with last week's commutation agreement with financial guarantee insurer Security Capital Assurance Inc., which eliminates a key distraction and allows XL to focus on its core business, observers say.
2008-08-03 09:48:16 -
Global financial firms go slow on recruitment (Hindustan Times)
The ills of a slowdown in the US economy are gathering pace in India.
2008-08-03 10:00:28 -
HBOS plans £400m sale of investments (Financial Times)
HBOS is to offload a £400m portfolio of investments in private companies as it seeks to shrink its balance sheet and withdraw from some areas of activity.
2008-08-03 10:01:26 -
Officials say local banks remain strong in tough times (Standard Democrat)
SIKESTON -- Despite the hype and concerns that banks are in trouble, Sikeston bank officials say there is no reason for people to worry -- as long as their account is FDIC insured.
2008-08-02 10:10:28