Mortgage and Financial News From 2008-8-19 Page 6
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Chuck Jaffe: Even the best borrowers will feel the brunt of the credit crisis (Market Watch)
The credit crunch is the one area that many consumers think they can sidestep if their financial situation is not perilous. After all, the term “credit crunch” was just put into the Concise Oxford English Dictionary, defined as “a severe shortage of money or credit,” so anyone with decent credit or stable cash flow is likely to believe that credit headlines represent someone else’s problems. ...
2008-08-19 05:04:53 -
FAST MONEY FAVORITES - CNBC
"Question of the Day" right now. [ .DJIA Loading... ( ) ] was falling mid-day Tuesday as financial shares declined on renewed credit worries and a report showed inflation is still a threat to the economy, despite the economic slowdown ...
2008-08-19 10:35:00 -
European shares close sharply lower - News.com.au
EUROPEAN stock markets closed sharply lower today, following heavy losses on Wall Street on concerns more bad news is to come in the US sub-prime home loan crisis. Dealers said recent bank results and steadily gloomier US economic data had undercut ...
2008-08-19 11:32:00 -
U.S. 2-Year Note Yields Fall to Five-Week Low on Credit Concern - Bloomberg
Aug. 19 (Bloomberg) -- Yields on two-year Treasury notes fell to a five-week low amid concern that financial firms face widening losses from credit markets and the U.S. housing slump. The gap between yields on two- and 10-year notes reached the ...
2008-08-19 01:27:00 -
NovaStar Financial warns of revenue concerns - San Diego Union-Tribune
In a securities filing late Monday, the Kansas City-based company, which shuttered its mortgage lending operations during the subprime meltdown last year, said cash flows from its remaining portfolio of mortgage loans “are likely to be insufficient ...
2008-08-19 12:01:00 -
Canada S&P/TSX Falls, Led by Financials, TD Bank; Suncor Gains (Bloomberg.com)
Aug. 19 (Bloomberg) -- Canada's main stock index fell back to its lowest in almost five months as finance shares, led by Toronto-Dominion Bank , slid on concern that U.S.-related credit writedowns and losses will spread.
2008-08-19 02:49:44 -
Stocks sink again on rising inflation fears; oil turns higher (USA Today)
A higher-than-expected inflation report sent oil prices higher and stocks lower Tuesday.
2008-08-19 02:59:50 -
Goldman cuts projections for Lehman, others (INO News)
(AP:NEW YORK) Lehman Brothers Holdings Inc. received more bad news on Tuesday after another analyst projected that the investment bank will unveil a big third-quarter loss.
2008-08-19 03:00:29 -
New Zealand Dollar Strengthens as Investors Seek Higher Yields (Bloomberg.com)
Aug. 20 (Bloomberg) -- The New Zealand dollar rose as weak housing figures and speculation of mounting credit market losses at financial firms prompted investors to sell the U.S. dollar and seek higher-yielding assets elsewhere.
2008-08-19 03:26:34 -
Slowdown is truly global (Philippine Daily Inquirer)
A couple had been married for 20 years but every time they made love, the husband insisted on turning off the light. After 20 years, the wife felt this was ridiculous, so one night, while they were in the middle of a wild, screaming session, she turned on the lights.
2008-08-19 03:36:25 -
Financial rescues anger consumers (El Paso Times)
WASHINGTON -- Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it.
2008-08-19 03:39:55 -
Lehman looking at asset management sale - MSN UK News
NEW YORK (Reuters) - U.S. investment bank Lehman Brothers Holdings is considering options, such as selling all or part of its asset management unit, with an aim of reaching a deal by the time it releases third quarter earnings, sources said ...
2008-08-18 09:35:00 -
Stocks Slump In Light Trading - Washington Post
Resize NEW YORK, Aug. 18 -- Concern that Fannie Mae and Freddie Mac will need a government bailout pummeled the shares of the two mortgage-finance companies and dragged U.S. stocks lower Monday. The Dow Jones industrial average and the Standard & ...
2008-08-18 09:28:00 -
Dollar underpinned by commodities drop, yen climbs - Forbes
TOKYO, Aug 19 (Reuters) - The dollar was little changed near a seven-month high against a basket of currencies on Tuesday, while gold and oil prices dropped on concern that the global economy was slowing down. The dollar's two-week surge has been ...
2008-08-18 10:32:00 -
Bradford & Bingley's chief Richard Pym sets sights on flawed mortgage ... - Times Online
Richard Pym, Bradford & Bingley's new chief executive, was formally confirmed in the job on a £3 million package yesterday and immediately vowed to grapple with an adverse contract that obliges the bank to buy flawed mortgages from GMAC. The promise ...
2008-08-19 12:20:00