Mortgage and Financial News From 2008-1-28 Page 12

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• US new house sales in record plunge (The Mercury)

  SALES of new homes across the US plunged by 26.4 per cent during 2007 compared with the previous year, marking the biggest annual fall on record, a new survey shows.
  2008-01-28 07:41:00

• Congresswoman Brown Comments on President's State of the Union Address (FOX 35 Orlando)

  (Washington, DC) Regarding President Bush's final State of the Union address, Congresswoman Corrine Brown made the following statement:
  2008-01-28 07:43:15

• Wesfarmers Bets on Calmer Market to Pay Coles Loans (Update2) (Bloomberg.com)

  Jan. 29 (Bloomberg) -- Wesfarmers Ltd., Australia's biggest home improvement chain, said calmer credit markets will help it sell debt and pay part of A$10 billion ($8.9 billion) in loans. Credit-default swaps on its bonds rose to a record.
  2008-01-28 08:18:44

• Should You Re-Finance? (WHOI Peoria)

  With rates at a historic low, is now a good time for you to re-finance? By Ashley McNamee Posted: Monday, January 28, 2008 at 10:33 p.m.
  2008-01-28 08:36:52

• Eurozone firms shrug off crunch, mortgages ease (Gulf Times)

  FRANKFURT: Eurozone businesses have shrugged off the impact of the credit crunch and are taking out new loans at their fastest rate in at least eight years, though homebuyers are feeling the pinch, figures showed yesterday.
  2008-01-28 08:57:53

• Rough start to year for pension fund

  News Register - Actuaries only calculate the collective liability for the PERS members once a year, and are still working on the numbers for ... The losses so far this year have come mostly from declines in the fund's stock portfolio, but the unfolding mortgage crisis ...
  2008-01-28 11:14:00

• Meritage Homes Reports Fourth Quarter and Fiscal Y

  Stockhouse Canada - Net orders for the full year 2007 fell 19% due to turmoil in the mortgage and credit markets, rising inventories and intense ... may not be comparable to similarly titled measures reported by other companies because not all companies calculate EBITDA ...
  2008-01-28 04:07:00

• Tightened credit no barrier, says ICBC

  China Economic Net - The bank will calculate its subprime provision prudently, he said. The scale of provision for the fourth quarter will be more ... He did not comment on other mainland banks' exposure to the subprime mortgage crisis. But he believes its direct impact on ...
  2008-01-28 05:33:00

• Tiger's Julian Robertson roars again

  CNN Money - Fortune) -- One early Wednesday morning last July, when the subprime mortgage meltdown first began to rock the markets, I ... Given that his personal fortune was estimated to be close to $1 billion after he closed Tiger, it's not hard to calculate ...
  2008-01-28 03:24:00

• Tiger's Julian Robertson roars again - CNNMoney.com

  Tiger's Julian Robertson roars againCNNMoney.com - 5 hours agoGiven that his personal fortune was estimated to be close to $1 billion after he closed Tiger, it's not hard to calculate that he's a much wealthier man ...
  2008-01-28 03:06:52

• Tightened credit no barrier, says ICBC - China Daily

  Tightened credit no barrier, says ICBCChina Daily, China - 2 hours agoThe bank will calculate its subprime provision prudently, he said. The scale of provision for the fourth quarter will be more than for the third, ...
  2008-01-28 05:37:23

• Rough start to the year for Oregon pension fund (The World)

  SALEM (AP) — Think your 401 (k) has taken a hit this month? The value of the Oregon Public Employees Retirement fund has declined by about $5 billion.
  2008-01-28 11:34:04

• Tiger's Julian Robertson roars again (CNN Money)

  One early Wednesday morning last July, when the subprime mortgage meltdown first began to rock the markets, I found myself sitting with investing legend Julian Robertson in the cabin of his Gulfstream V jet in Auckland, New Zealand. We were en route to one of the two world-class golf courses he has built in the island nation. But his mind was on the markets halfway around the world. As the ...
  2008-01-28 03:00:53

• Tiger's Julian Roberston roars again (Fortune via Yahoo! Finance)

  One early Wednesday morning last July, when the subprime mortgage meltdown first began to rock the markets, I found myself sitting with investing legend Julian Robertson in the cabin of his Gulfstream V jet in Auckland, New Zealand.
  2008-01-28 03:25:00

• Tightened credit no barrier, says ICBC (People's Daily)

  MACAO: The Industrial and Commercial Bank of China (ICBC) said yesterday it will see double-digit loan growth again this year, despite a tighter credit policy. "Full-year loan growth for last year was 10.8 percent," Jiang Jianqing, ICBC ...
  2008-01-28 04:36:17

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