Mortgage and Financial News From 2008-3-3 Page 4

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  • Reserve Bank expects more rate rises this year

    News.com.au - Some tightening in credit standards for more risky borrowers is occurring. ... My kids feel your pain 2. Mortgage time bomb is ticking 3. Rate fears wipe $41bn off ... Is it so bad I like being single? Tech : Making your digital info easy to digest ...
    2008-03-03 07:51:00

  • At a Glance: Regional News of Note (Arroyo Grande Times Press Recorder)

    Longtime Arroyo Grande resident Ella Honeycutt received a standing ovation from the audience and City Council after she was presented with a framed proclamation recognizing her many years of service on the Coastal San Luis Resource Conservation District.
    2008-03-03 10:15:25

  • US home loan 'workouts' exceed 1 million (Stuff)

    Mortgage companies have given more than 1 million homeowners facing possible foreclosure new payment plans or other "workouts" since July, an industry alliance said on Monday.
    2008-03-03 11:11:39

  • Mortgage Crisis Still Biggest Risk to US Economy (WBKO Bowling Green)

    A Mar. 3 survey finds the mortgage crisis is still the biggest risk to the US economy.
    2008-03-03 11:53:48

  • HSBC rejects calls for US sale

    Daily Telegraph - ... bank disclosed a record $11.7bn (£5.9bn) of bad ... to $17.2bn and raised fears the sub-prime mortgage crisis is spreading right across the economy.
    2008-03-03 06:03:00

  • Credit Crisis Morphs into Stagflation with Asset Price Deflation (GoldSeek.com)

    The credit crunch that broke with the two hedge funds failing in July 2007 is now into its ninth month with announced losses / bad debt write downs of £163 billion. Way back in July the expectations were that sub prime related losses would be in the region of some $140 billion.
    2008-03-03 12:53:08

  • The PMI Group, Inc. Reports Preliminary Fourth Quarter 2007 Financial Results for Certain Segments (PR Newswire via Yahoo! Finance)

    The PMI Group, Inc. today announced that due to delays in obtaining 2007 financial results from FGIC Corporation the Company has filed a Form 12b-25 with the Securities and Exchange Commission for a late filing of its 2007 Form 10-K.
    2008-03-03 01:31:00

  • Asian stocks slump on renewed US recession worry, strong yen hits ...

    Forbes - With energy costs still rising and home prices falling, it seems inevitable that we have not heard the last of subprime write-offs and bad credit bets. The mortgage meltdown and credit crisis are likely to have a substantial negative impact on US as ...
    2008-03-03 02:40:00

  • Global economic worries knock Europe shares lower

    Reuters - ... Monday, due to worries over the world economy and potential fallout from the credit ... British mortgage lender HBOS (HBOS.L: Quote , Profile , Research ) was the biggest ... and strong gains in Asia helped the bank absorb a $17.2 billion hit for bad debts
    2008-03-03 03:47:00

  • Some Borrowers Rescued (WallStreet Journal via Yahoo! Finance)

    Mortgage companies have helped more than one million cash-strapped borrowers stay in their homes since the summer, new industry data show.
    2008-03-03 04:56:14

  • Prepare for more mortgage pain, warns PM

    News.com.au - ... PM says fighting inflation will hurt Interest rates : How to survive your mortgage ... is expected to detail the Government's plans to deliver a $600 million tax credit ... At least the shock won't be so bad second time around, but for todays self ...
    2008-03-02 06:48:00

  • Calm returns to Asian markets

    Financial Times - Credit- and subprime-related concerns are again scaring investors after U.S. mortgage lender Thornburg Mortgage Inc plunged on Monday amid worries it was facing ... We are still waiting for the fog to clear and work out who has got bad debts and ...
    2008-03-03 07:22:00

  • Spending stalls as consumers feel the pinch

    News.com.au - In January, the major banks independently increased their standard variable mortgage interest rates, to offset higher borrowing costs in international credit markets ... Is it so bad I like being single? Tech : Making your digital info easy to digest Movie ...
    2008-03-03 05:28:00

  • Q&A: Mortgage squeeze tightening

    BBC Business - That's bad news if I'm trying to sell, but what does it mean if I'm entering the market for the ... But first-time buyers seem to be bearing the brunt of the credit squeeze when they start to look for a mortgage.
    2008-03-02 03:56:00

  • UBS, HBOS lead Euro banks down on credit fears

    Reuters - ... shares weakened broadly on Monday as fears of a deepening credit ... overall after it tacked on a $6.7 billion increase in bad-loan charges in 2007 versus 2006.
    2008-03-03 03:44:00

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