Mortgage and Financial News From 2008-1-28 Page 3

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  • Seized-Up Credit Market Spurs Record Stock Trading (Update4)

    Bloomberg - ... NYSE had eight of the 10 busiest weeks in its 215-year history since July, when the collapse of AAA-rated bonds backed by mortgages to people with poor credit contaminated debt markets. An average $334 billion of Treasuries traded daily in the second ...
    2008-01-28 01:16:00
  • Asian Stocks Gain on U.S. Interest Rate Speculation, Earnings

    Bloomberg - ... by HSBC Holdings Plc and Sun Hung Kai Properties Ltd., on speculation reduced borrowing costs will boost demand for mortgages ... Isuzu Motors, the largest Japanese maker of light-duty trucks, climbed 8.6 percent to 429 yen, the second-biggest ...
    2008-01-28 10:34:00
  • Hong Kong Stocks Climb on Rate-Cut Speculation; Developers Rise

    Bloomberg - Cheung Kong (Holdings) Ltd., the second biggest, added HK$3.80, or 3 percent, to HK$128.90. Li & Fung ... spending and help the U.S. economy recover from a deteriorating housing market and losses on investments related to mortgages ...
    2008-01-28 09:30:00
  • Suspect in French bank case released

    Boston Globe - ... filed preliminary charges yesterday against a trader accused of causing billions of dollars in losses for France's second ... The news overshadowed the bank's substantial losses linked to the crisis in subprime mortgages. Under French law, filing ...
    2008-01-28 09:44:00
  • Legg Mason Names Fetting CEO as Fund Sales, Returns Trail Peers

    Bloomberg - Jan. 29 (Bloomberg) -- Legg Mason Inc., the second-largest publicly traded money manager in the U.S., named Mark Fetting ... The vehicles sold commercial paper or medium- term debt, some backed by subprime mortgages, that has plunged in value on fears ...
    2008-01-28 09:58:00
  • Sun West Empowers Originators to Increase Revenue - Eworldwire (press release)

    Sun West Empowers Originators to Increase RevenueEworldwire (press release), NJ - 12 hours agoIts diversified loan programs include FHA and Jumbo Reverse Mortgages, FHA Single Family and Multi-Family, VA, Conventional, Jumbo, and Home Equity ...
    2008-01-28 10:57:29
  • Low interest rates will bring risks - Malaysia Sun

    Low interest rates will bring risksMalaysia Sun, Malaysia - 7 hours agoIf rate cuts restored the economy to full growth faster than anticipated, the Fed could then be forced to reverse course and abruptly raise rates, ...
    2008-01-28 03:44:41
  • Hong Kong-listed ICBC, BOC Hong Kong make bigger loss provisions ... - Trading Markets (press release)

    Hong Kong-listed ICBC, BOC Hong Kong make bigger loss provisions ...Trading Markets (press release), CA - 5 hours agoIn the fourth quarter ICBC, mainland China's biggest bank, had around 1.2 billion US dollars worth of securities linked to unpaid housing mortgages in the ...
    2008-01-28 05:53:31
  • Transcript: President Bush's State of the Union Speech - FOXNews

    Transcript: President Bush's State of the Union SpeechFOXNews - 3 hours agoAnd let us complete an international agreement that has the potential to slow, stop, and eventually reverse the growth of greenhouse gases. ...
    2008-01-28 07:30:02
  • Fifty-year journey from austerity to iPods - Financial Times

    Fifty-year journey from austerity to iPodsFinancial Times, UK - 4 hours agoThe ONS calculation breaks down to an average of £52 a week on mortgages and nearly half that - £24 a week - on council tax, water charges and other local ...
    2008-01-28 06:05:24
  • Bush urges endurance in repairing economy - Asheville Citizen-Times

    Bush urges endurance in repairing economyAsheville Citizen-Times, NC - 1 hour ago“Let us complete an international agreement that has the potential to slow, stop and eventually reverse the growth of greenhouse gases,” Bush said. ...
    2008-01-28 09:27:32
  • Lenders Are Banking On New Loans To Move Foreclosures - Nightly Business Report

    Lenders Are Banking On New Loans To Move ForeclosuresNightly Business Report, FL - 4 hours agoEASTABROOK: A credit crisis, a struggling economy and the upward resetting of interest rates on adjustable rate mortgages are spurring home foreclosures in ...
    2008-01-28 06:26:19
  • Legg Mason Names Fetting CEO as Fund Sales, Returns Trail Peers - Bloomberg

    Legg Mason Names Fetting CEO as Fund Sales, Returns Trail PeersBloomberg - 1 hour agoThe vehicles sold commercial paper or medium- term debt, some backed by subprime mortgages, that has plunged in value on fears they will be hurt by rising ...
    2008-01-28 09:38:48
  • Bush hammers home on economy - CNNMoney.com

    Bush hammers home on economyCNNMoney.com - 3 hours agoIt also contains two measures aimed at helping homeowners get or refinance mortgages. The White House has said the plan would add 500000 jobs and put $100 ...
    2008-01-28 07:36:30
  • The Great Credit Unwind of '08 - Lew Rockwell

    The Great Credit Unwind of '08Lew Rockwell, CA - 2 hours ago"MBIA's total exposure to bonds backed by mortgages and CDOs was disclosed to be $30.6 billion, including $8.14 billion of holdings of CDO-squareds (eds. ...
    2008-01-28 08:07:52