Mortgage and Financial News From 2008-1-10 Page 5

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  • Friday newspaper round-up: LSE, Northern Rock, British Energy (ShareCast)

    LONDON (SHARECAST) - The London Stock Exchange plans an organised market by the end of this year in contracts for difference (CFDs), The Times has learnt.
    2008-01-10 10:51:27
  • Merrill Lynch reportedly facing a massive write-down (Market Watch)

    LOS ANGELES (MarketWatch) -- The nation's largest brokerage firm, Merrill Lynch & Co., is expected to report losses of $15 billion stemming from soured mortgage investments, according to a published report Friday.
    2008-01-10 10:51:40
  • Japan's Nikkei 225 Falls to Lowest Since 2005 on Subprime Woes (Bloomberg.com)

    Jan. 11 (Bloomberg) -- Japan's Nikkei 225 Stock Average fell to the lowest in more than two years after the New York Times said Merrill Lynch & Co. will boost its writedowns to $15 billion, adding to concern that credit-market losses will widen.
    2008-01-10 10:55:52
  • (AFX UK Focus) 2008-01-11 06:48 GMT: Fed ready to cut interest rates again (Interactive Investor)

    WASHINGTON (AP) - 0110dv--bernanke--econ
    2008-01-10 10:56:01
  • Year end review --- Wrapping up and mopping up (Princeton Packet)

    The year 2007 was one of trying news on several economic fronts, but Princeton-area businesses persevered, even prospered.
    2008-01-10 10:57:09
  • (AFX UK Focus) 2008-01-11 06:33 GMT: Powerhouses look abroad to raise capital (Interactive Investor)

    NEW YORK (AP) - Two of the biggest names on Wall Street are scrambling again to secure major cash infusions from foreign governments to offset billions of dollars in losses from risky subprime mortgage securities, analysts said on Thursday.
    2008-01-10 10:57:21
  • Can New CEO Repair Bear?

    Wall Street Journal - In the mortgage arena, "the markets have offered us the opportunity to reduce our positions," he said. "Fixed-income activity ... closely involved with Bear's efforts in Asia, especially its soon-to-close venture deal with Citic, which he helped broker ...
    2008-01-08 09:03:00
  • Mutual Fund Breaks New Ground in Community Investment

    Social Funds - CRA Fund Advisors utilizes a network of thousands of mortgage originators, community development organizations, and broker dealers to identify or help create securities that meet the needs of specific investors. This resource allows CRA to focus on ...
    2008-01-07 03:57:00
  • Countrywide Denies Bankruptcy, Stock Plunges 27 Pct

    Reuters - ... but its shares sank 27.4 percent in their biggest drop since the 1987 stock market crash on concern the largest U.S. mortgage ... Countrywide will declare bankruptcy or have some default action," said Al Greenberg, head options floor trader at broker ...
    2008-01-07 03:57:00
  • SPENDING SMART

    Allentown Morning Call - For example, someone 50 years old with a working spouse, paid-off mortgage, and a child who has already graduated from college ... Warning signs that you might be encountering a fake insurance company include an aggressive broker, unusually low premiums ...
    2008-01-09 05:31:00
  • Nonprofits bear the brunt of foreclosure fight

    MSNBC - In 2005 they took out a mortgage for a $412,000 house with a low introductory rate, based on their mortgage broker's assurance that they would easily be able to refinance when the rate went up. But when their mortgage payment reset to $3,000 a month ...
    2008-01-08 03:55:00
  • S&P 500 Leaders & Laggards: CFC GPS - Forbes

    S&P 500 Leaders & Laggards: CFC GPSForbes, NY - 7 hours ago... on a report that Bank of America is in talks to buy the struggling mortgage lender. Online broker E-Trade Financial Corp. rose 53 cents, or 22.1 percent ...
    2008-01-10 02:21:28
  • Yahoo Adds Franchisors, Brokers To Online Real Estate Service - InformationWeek

    Yahoo Adds Franchisors, Brokers To Online Real Estate ServiceInformationWeek, NY - 6 hours agoBut that has been derailed over the last year by the subprime mortgage loan crisis, which was caused by financial institutions offering consumers who ...
    2008-01-10 03:05:09
  • Olive named Realtor of Year - The Coloradoan

    Olive named Realtor of YearThe Coloradoan, CO - 6 hours agoBY PAT FERRIER Laura Olive, a broker associate with Re/Max Alliance, was named Realtor of the Year Thursday by the Fort Collins Board of Realtors. ...
    2008-01-10 03:16:21
  • Trying to keep a house as foreclosure looms - Capital News 9

    Trying to keep a house as foreclosure loomsCapital News 9, NY - 5 hours agoHe went through a private broker who turned his fixed 5.6 percent loan into an adjustable rate that's now 8.5 percent. It means an extra $400 a month and ...
    2008-01-10 04:07:50