Mortgage and Financial News From 2008-8-19 Page 14
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Bonds rise as weaker stocks ignite safe-haven bid - Guardian Unlimited
Stocks were hit on Monday by worries over the potential for more losses from the mortgage crisis. Shares of U.S. home finance giants Fannie Mae and Freddie Mac both were trading over 10 percent lower in price after Barron's reported that the U.S.
2008-08-18 09:03:00 -
U.S. 10-Year Yields Touch Month Low on Concern Growth Slowing - Bloomberg
Aug. 18 (Bloomberg) -- Treasury 10-year note yields touched the lowest in more than a month on speculation a slowdown in global economic growth and lessening inflation will keep U.S. policy makers from raising interest rates this year. Traders ...
2008-08-18 08:06:00 -
Fannie, Freddie shares plunge on bailout fears (Toronto Star)
NEW YORK–Investors dumped shares of Fannie Mae and Freddie Mac yesterday after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would border on nationalization.
2008-08-19 01:35:00 -
Euro Declines on Speculation ZEW Survey Held Near Record Low (Bloomberg.com)
Aug. 19 (Bloomberg) -- The euro fell to a six-month low against the dollar before a survey that may show investor confidence in Germany, Europe's largest economy, held near a record low.
2008-08-19 01:48:20 -
Japanese market plunges on renewed U.S. credit concerns (Nasdaq)
(RTTNews) - The Japanese market closed sharply lower on Tuesday, reversing Monday's gains. Wall Street's decline overnight rekindled worries about the health of the U.S. financial sector.
2008-08-19 02:04:38 -
Asian markets fall on renewed U.S. credit concerns (Nasdaq)
(RTTNews) - The stock markets across the Asia-Pacific region fell to a two-year low on Tuesday, as fears that the U.S. government will have to bail out the top mortgage finance companies weighed on financial stocks.
2008-08-19 03:50:27 -
Asian Stocks Decline to Two-Year Low on Credit-Loss Concern (Bloomberg.com)
Aug. 19 (Bloomberg) -- Asian stocks fell, driving the region's benchmark index to a two-year low, on renewed concern credit-market turmoil will hurt profits at financial companies and curtail economic growth.
2008-08-19 04:01:58 -
Concerns about banks sting Asia and Europe (International Herald Tribune)
The trigger Tuesday was Lehman Brothers, the U.S. investment bank, which is considering the sale of all or part of its prized money management division.
2008-08-19 04:08:36 -
Investors may pull £18bn out of buy-to-let properties - Daily Telegraph
Beleaguered buy-to-let investors are set to pull £18bn out of the property market in the coming years, according to new research that underlines the problems facing the UK housing sector. Residential investors will sell around two thirds of their ...
2008-08-18 10:47:00 -
IIB follows its rivals by cutting home loan rate - Independent
IIB HOMELOANS yesterday became the latest lender to cut its fixed mortgage rates, in a move that offers a small chink of light in an otherwise beleagured home-loans market. Cuts of up to 0.30 of a percentage point have been announced by the lender ...
2008-08-18 11:51:00 -
reserve Bank indicated mortgage rates to fall in September - News.com.au
HOME-OWNERS are set to enjoy an interest rate cut as early as next month, but only if the big banks decide to pass it on. Today, the Reserve Bank signalled interest rates will be cut next month amid fears the economy could be headed for a sharp ...
2008-08-18 11:58:00 -
(AFX UK Focus) 2008-08-19 10:34 Hong Kong shares close lower on economy worries; index at year's low - UPDATE (Interactive Investor)
HONG KONG (XFN-ASIA) - Share prices closed lower, with the benchmark index hitting a new low for the year, as local property developers fell sharply on worries that a weakening economy will dampen housing sales in the coming months.
2008-08-19 02:59:52 -
US bank 'to fail within months' (BBC News)
A big US bank is likely to collapse within months as the global financial crisis worsens, a former IMF chief economist warns.
2008-08-19 03:04:19 -
Suit filed to stop faxing to state (Fort Wayne Journal Gazette)
Attorney General Steve Carter is seeking more than $1.5 million in civil damages from a New Jersey-based company accused of breaking Indiana’s Do Not Fax law.
2008-08-19 03:05:06 -
Bank has pact with regulators for fixes (San Diego Union-Tribune)
Imperial Capital Bank has entered into a written agreement with federal and state banking regulators to fix several potential trouble spots found in a recent examination, including reducing its exposure to some types of loans.
2008-08-19 03:05:57