Mortgage and Financial News From 2008-1-18 Page 9

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  • Fannie Mae Expanding Responsible Lending - HULIQ

    Fannie Mae Expanding Responsible LendingHULIQ, NC - 24 minutes agoWe believe that all home-buying consumers should be treated equally and should have access to the lowest cost mortgage for which they qualify. ...
    2008-01-18 07:35:35

  • Weekly Guru Bargains Highlights: The McClatchy Company, Lennar Corp., Thornburg Mortgage Inc., Alon USA Energy Inc., ... (Guru Focus)

    To help offset the economic slowdown and rising consumer prices, Fed publicly favored personal income tax rebates and breaks.
    2008-01-18 01:02:01

  • Mexico's Central Bank Keeps Benchmark Rate Unchanged (Update2) (Bloomberg.com)

    Jan. 18 (Bloomberg) -- Mexico's central bank kept its benchmark interest rate unchanged as the prospect of a slowing U.S. economy outweighed concerns about quickening energy and food prices.
    2008-01-18 01:47:09

  • Survey: December gains modest in rural economy (Lincoln Journal Star)

    OMAHA — A survey of rural bankers in nine Midwestern and Plains states indicates a continued growth in economic activity, particularly in agriculture.
    2008-01-18 02:26:41

  • Aegon Scottish slams door on property fund withdrawals (The Herald)

    Investors in property funds are bracing themselves for a "lock-in" of their cash after Aegon Scottish Equitable said it had been forced to stop withdrawals from its £2bn fund following a rush to sell.
    2008-01-18 04:13:36

  • Which Path? (Leesburg Today)

    The school board's 8-1 vote to adopt its version of the FY 2009 budget marked the completion of the first step in this year's budget process. At this point there appears to be significant differences of opinion on whether Loudoun County is facing merely a tough budget year or dire financial straits.
    2008-01-18 06:37:18

  • The bank most likely to walk into a sharp object (The Globe and Mail)

    It was supposed to be a return to your grandmother's CIBC. But after settling Enron, Gerry McCaughey discovered a bigger problem: more than $10-billion in risky subprime investments
    2008-01-18 07:10:46

  • Transcript: Pearlstein: Recession?

    Washington Post - Traditionally, economists tried to calculate the "wealth effect," that is how much extra spending does each additional dollar ... Albuquerque, N.M.: I'm not unsympathetic to the plight of people in mortgage distress but I have to ask: if the relief ...
    2008-01-15 03:54:00

  • Inflation data boosts case for February rate hike

    News.com.au - ... people will only start to hurt because they've overcommitted themselves by taking on a mortgage that they have no hope of servicing if interest rates go up. I've no sympathy for those people who do not look at the big picture and calculate whether ...
    2008-01-13 03:57:00

  • BB&T reports 2007 net income of $1.73 billion; up 13.5%

    Forbes - ... assets and average equity, net of deferred taxes, to calculate cash basis ratios. (2) Excludes securities gains (losses), foreclosed property expense, increases or decreases in the valuation of mortgage ...
    2008-01-17 04:25:00

  • The decoupling thesis plunges over the cliff - Livemint

    The decoupling thesis plunges over the cliffLivemint, India - 8 hours agoThe MSCI Emerging Markets index is down 13.58%, but if you calculate the index from the peak reached on 31 October last year, it’s lower by 15%. ...
    2008-01-18 11:08:59

  • SBA Communications Corporation Obtains $285 Million Credit Facility

    MSN MoneyCentral - BOCA RATON, Fla., Jan. 18, 2008 (PRIME NEWSWIRE) -- SBA Communications ... Amounts borrowed under the facility will accrue interest at LIBOR plus a margin that ranges from 150 basis points to 300 basis points or at a Base Rate plus a margin that ...
    2008-01-18 10:29:00

  • Fitch Affirms 48 & Downgrades 25 from 13 J.P. Morgan 2006 Prime ...

    Raleigh News & Observer - ... the aforementioned transactions consist primarily of fixed and adjustable-rate, conventional, fully amortizing, first lien residential mortgage loans extended to prime ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate ...
    2008-01-18 02:53:00

  • Plumas Bancorp Reports 2007 Profits of $4.2 Million

    MSN MoneyCentral - While I'm pleased to report the Company has never been involved in sub-prime lending, we have experienced ... of time deposits as a percentage of total interest bearing deposits and an increase in the rate paid on time deposits. Net interest margin ...
    2008-01-18 01:13:00

  • Unsecured loans – Get rid of the risk in borrowing

    Best Syndication - These people apply to sub-prime lenders, agreeing to pay a little more interest rate because of their bad credit rating. Bad credit unsecured loans are available with all sub-prime lenders in the UK. The recent credit squeeze in the UK financial ...
    2008-01-18 12:16:00

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