Mortgage and Financial News From 2008-8-19 Page 7
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China banks face tough times - MSN MoneyCentral
HONG KONG (Reuters) - China's huge state banks are poised to report strong profit growth for the first half in 2008, thanks to wider margins and strong fee income, but funding costs are expected to rise in the second half, eroding growth. Chinese ...
2008-08-19 12:34:00 -
Diversified Mortgage Workout Corporation Receives Additional ... - MSN MoneyCentral
WHITE PLAINS, N.Y. , Aug 18 /PRNewswire-FirstCall/ -- Diversified Mortgage Workout Corporation (Pink Sheets: DMWK) today announced that its Board of Directors over the weekend has negotiated an additional investment commitment of 30,000,000 dollars ...
2008-08-18 06:04:00 -
Marin home sales down as foreclosures bring up Bay Area sales (Marin Independent Journal)
Marin home sales continued to decline last month as discounted foreclosure properties propped up the number of sales across the Bay Area.
2008-08-19 11:07:07 -
Questions/Answers (Inland Valley Daily Bulletin)
Questions and answers on Daily Bulletin stories from readers like you. The nation's vicious real-estate meltdown that keeps chewing up and spitting out banks has a new victim: Wescom Credit Union.
2008-08-19 11:11:49 -
Sallie Mae shares fall nearly 13 percent (INO News)
(AP:NEW YORK) Shares of Sallie Mae tumbled Tuesday, skidding close to their 52-week lows, in a declining market anxious over the latest economic signposts and rebounding oil prices.
2008-08-19 11:31:27 -
HSBC spent $660,000 lobbying government in 2Q (INO News)
(AP:WASHINGTON) The U.S. subsidiary of British financial conglomerate HSBC Holdings PLC spent $660,000 in the second quarter lobbying the federal government on mortgage lending and credit card rules, according to a recent disclosure form.
2008-08-19 12:18:22 -
DataQuick: July sales up in Solano, Contra Costa counties (BizJournals)
Sales of new and existing homes rose at least 30 percent in Contra Costa and Solano counties in July, following the Bay Area trend which showed a year-over-year rise for the first time since early 2005, MDA DataQuick reported.
2008-08-19 01:36:31 -
Senate Week In Review (The Prairie Advocate)
SPRINGFIELD Despite being called back to the Capitol by Gov. Rod Blagojevich for two more special session days on August 12 and 13, Senate Republicans anxious to get to work on fixing the state's numerous problems found that Democrats would rather party and politick.
2008-08-19 02:06:38 -
Catch a falling knife? Good time to buy a house, people tell housing survey (The New Zealand Herald)
More people think house prices will keep falling - yet a growing number also think it's a good time to buy one, according to a new housing confidence survey.
2008-08-19 02:12:43 -
Fitch Downgrades 7 Classes of Jupiter High Grade CDO VII, Ltd. (wallstreet:online AG)
Fitch has downgraded and removed from Rating Watch Negative seven classes of notes issued by Jupiter
2008-08-19 02:14:38 -
Fitch Upgrades 4 Classes of MCF Series 1998-MC2 (wallstreet:online AG)
Fitch Ratings upgrades Mortgage Capital Funding, Inc.´s (MCF) commercial mortgage pass-through
2008-08-19 02:29:19 -
Fannie, Freddie capital raising options uncertain (INO News)
(AP:NEW YORK) As mortgage financiers Fannie Mae and Freddie Mac struggle with continuing credit losses, their ability to raise needed capital is uncertain and, analysts say, is complicated by the possibility of a government bailout of the two companies.
2008-08-19 02:32:58 -
Consumers feel fallout from Fannie, Freddie (INO News)
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.
2008-08-19 02:35:17 -
Post Properties Sells Post Oglethorpe(R) in Atlanta for $38.5 Million; Refinances Mortgage Debt Securing Properties ... (Business Wire via Yahoo! Finance)
ATLANTA----Post Properties, Inc. announced today the sale of its Post Oglethorpe® apartment community located in Atlanta, GA for a gross sales price of approximately $38.5 million.
2008-08-19 02:42:00 -
Amazing Race rs Ready to Roll - Entertainment Online
A pair of McLovin-loving frat brothers, a former NFL player and his estranged wife (awkward) and a pair of honey-making hippies are among the competitors set for a globetrotting spin around the world on the upcoming 13th season of the Amazing Race ...
2008-08-19 08:55:00