Mortgage and Financial News From 2008-8-19 Page 4
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'Mortgage market to shrink 20%' - Guardian Unlimited
The UK mortgage market is expected to shrink by nearly 20% this year as the credit crunch continues to take its toll on lenders, according to a report. Market analyst Datamonitor said the outlook for the UK lending market was bleak, with the ongoing ...
2008-08-19 05:38:00 -
Fed officials say must be ready to curb inflation (EARTHtimes.org)
ASPEN, Colo. (Reuters) - The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed.
2008-08-19 02:06:56 -
Franklin Bank Corp. Receives Additional Non-Compliance Notifications From Nasdaq and the AMEX (PrimeNewswire via Yahoo! Finance)
HOUSTON, Aug. 19, 2008 -- On August 13, 2008, Franklin Bank Corp. received a letter from the staff of The NASDAQ Stock Market regarding Franklin's failure to file its Quarterly Report on Form 10-Q for the period ended June 30, 2008 with the Securities and Exchange Commission as required by Nasdaq Marketplace Rule 4310.
2008-08-19 02:50:16 -
VGS Seismic Canada Inc. Announces Financial Results to June 30, 2008 (CCNMatthews via Yahoo! Finance)
CALGARY, ALBERTA-- - VGS Seismic Canada Inc. is pleased to announce results of operations for the three and six month periods ended June 30, 2008.
2008-08-19 03:05:44 -
Colleges Push For Lower Drinking Age (KETV 7 Omaha)
Nearly 100 college presidents are taking heat because they have called on lawmakers to lower the drinking age to 18. The movement is called the Amethyst Initiative.
2008-08-19 03:09:38 -
Millennium Bankshares Reports Second Quarter and Six-Month Results (Centre Daily Times)
Millennium Bankshares Corporation (Nasdaq:MBVA) today announced a loss for the second quarter of $2,155,000, or $0.24 per diluted share and earnings for the six-month period ending June 30, 2008 of $2,967,000 or $0.33 per diluted share.
2008-08-19 03:28:26 -
Fed's Lacker Clashes With Paulson on Fannie, Freddie (Update2) (Bloomberg.com)
Aug. 19 (Bloomberg) -- Richmond Federal Reserve Bank President Jeffrey Lacker called for ``demonstrably'' privatizing Fannie Mae and Freddie Mac , becoming the first Fed official to publicly clash with the Bush administration's strategy of keeping them as federally backed firms.
2008-08-19 03:34:20 -
'Mortgage market to shrink 20%' (Liverpool Echo)
The UK mortgage market is expected to shrink by nearly 20% this year as the credit crunch continues to take its toll on lenders, according to a report.
2008-08-19 06:36:10 -
Banker follows dad's decree (Orange County Register)
Farmers & Merchants' CEO believes in reducing risk, like his father did when he ran the institution.
2008-08-19 06:42:42 -
South Seattle developer pleads not guilty to bilking investors - Seattle Post Intelligencer
A South Seattle developer accused of defrauding investors pleaded not guilty Monday to 20 felony charges filed against him. Laurance Anthone, owner of MA Quik Construction, stands accused of bilking investors out of about $600,000 by selling space in ...
2008-08-18 04:27:00 -
Fitch Affirms Morgan Stanley Capital I Inc., Series 1999-RM1 - Businesswire.com
Fitch does not rate the $5.4 million class O certificates, and class A-1 has paid in full. The classes are affirmed due to stable Fitch-expected credit enhancement levels since Fitch's last rating action. In addition, paydown of $164.8 million (19.2 ...
2008-08-19 09:59:00 -
New financing without penalty? - Philadelphia Daily News
Q: If the borrower has a prepayment penalty, can they still apply for new financing to stave off foreclosure without having to pay the prepayment penalty in full? My prepayment penalty expires November 2008 and the rate is adjusting upward every ...
2008-08-19 10:57:00 -
See today's average credit card rates across the country. - MSNBC
NEW YORK - As if the housing market wasn’t scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market’s health. The foreclosure glut is making listings of homes for ...
2008-08-19 02:53:00 -
JPMorgan Warned California as Auction Market Neared Collapse - Bloomberg
Aug. 19 (Bloomberg) -- JPMorgan Chase & Co. , one of five banks to settle claims it misled investors who bought auction- rate debt, told California days before the market collapsed to be ``vigilant'' to the potential of further deterioration. ``The ...
2008-08-19 02:46:00 -
Ralston City Council To Repeal Smoking Ordinance (KETV 7 Omaha)
The Ralston City Council is expected to repeal the city's smoking ban Tuesday night.
2008-08-19 05:10:21