Mortgage and Financial News From 2008-1-18 Page 2

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• Breaking regional barriers - Mortgage Introducer

  Breaking regional barriersMortgage Introducer, UK - 5 hours agoIn terms of the number of plans, coming behind the South East were the North West, with 3156 plans, and the South West, with 2756, while the second highest ...
  2008-01-18 04:50:19

• TIER president discusses challenges for Taiwanese economy in 2008 - China Post

  TIER president discusses challenges for Taiwanese economy in 2008China Post, Taiwan - 4 hours agoFallout from subprime mortgages in the US is dampening growth in developed economies. "There has been a moderate downturn in OECD economic growth," noted ...
  2008-01-18 06:06:37

• Irish banks dividends secure for two years - Irish Independent

  Irish banks dividends secure for two yearsIrish Independent, Ireland - 1 hour agoIt added that the group has the strongest asset quality -- mortgages account for 88pc of its loan book -- and capital position among Irish banks. ...
  2008-01-18 08:56:34

• Subprime Borrowers Get Easier Terms - Wall Street Journal

  Subprime Borrowers Get Easier TermsWall Street Journal - 1 hour ago... mortgage companies negotiated easier terms with 370000 troubled subprime borrowers during the second half of last year, according to industry data ...
  2008-01-18 09:03:57

• Hillsborough Pulls $167 Million From State Fund - Tampa Tribune

  Hillsborough Pulls $167 Million From State FundTampa Tribune, FL - 1 hour agoFriday was only the second time since November that governments were allowed to withdraw a portion of their money from the investment pool. ...
  2008-01-18 09:08:56

• No light at the end of housing market tunnel - Gaylord Herald Times

  No light at the end of housing market tunnelGaylord Herald Times, MI - 1 hour ago“I don’t see a market in ‘08 that is vastly improved over ‘07 in home sales or mortgages,” according to Mark Eckhoff, president and CEO of Fifth Third ...
  2008-01-18 09:09:58

• Ambac's Insurance Unit Cut to AA From AAA by Fitch Ratings - Bloomberg

  Ambac's Insurance Unit Cut to AA From AAA by Fitch RatingsBloomberg - 1 hour agoThe industry guaranteed $100 billion of collateralized debt obligations linked to subprime mortgages, $22 billion of non-prime auto loans and $1.2 trillion ...
  2008-01-18 09:19:19

• Calm gone. Crisis here - Palm Beach Post

  Calm gone. Crisis herePalm Beach Post,  United States - 1 hour agoAs more and more lenders pushed "subprime" mortgages, more and more financial giants packaged these loans into "collateralized debt obligations" and sold ...
  2008-01-18 09:20:19

• Business briefing, January 18 - Rocky Mountain News

  Business briefing, January 18Rocky Mountain News, CO - 27 minutes agoRates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the economic slowdown ...
  2008-01-18 09:56:34

• Bexar County foreclosure auctions are on the rise (San Antonio Express-News/KENS 5)

  Bexar County foreclosed properties will go to the county courthouse steps in large numbers next month based on lender notices.
  2008-01-18 07:47:55

• Food plant to lay off 525 workers in March (The State)

  SPARTANBURG — The Schwan Food Co. will close a plant in Spartanburg in March, putting 525 employees out of work. Employees at the Mrs. Smith plant, which makes specialty desserts including cream pies and cakes, say they were told Thursday the plant would shut down. Schwan’s senior vice president Bill McCormack said the company decided to close the plant because it needs to be more efficient as ...
  2008-01-18 09:03:15

• 30-year rates decline again (Knoxville News Sentinel)

  WASHINGTON - Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown.
  2008-01-18 09:04:03

• No light at the end of housing market tunnel (Gaylord Herald Times)

  OTSEGO COUNTY — Local banks and home mortgage lenders do not foresee any improvement in the housing market in 2008, but agreed that for those who are looking to buy a home, the time may never be better.
  2008-01-18 09:11:15

• Hillsborough Pulls $167 Million From State Fund (The Tampa Tribune)

  Hillsborough County pulled $167 million out of the State Board of Administration local government fund Friday amid continued concerns about the fund's investments in the subprime mortgage market.
  2008-01-18 09:27:15

• Ambac's Insurance Unit Cut to AA From AAA by Fitch Ratings (Bloomberg.com)

  Jan. 19 (Bloomberg) -- Ambac Financial Group Inc., the second-largest bond insurer, was stripped of its AAA credit rating by Fitch Ratings after the company abandoned plans to raise new equity.
  2008-01-18 09:36:45

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