Mortgage and Financial News From 2008-8-5 Page 01
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Northern Rock gets extra £3bn lifeline from Treasury - The Independent
Tullett: Crisis will continue until 2011 Jeremy Warner's Outlook: With the credit crunch a year old, is it time to revisit the Glass-Steagall Act? Jeremy Warner's Outlook: Mad hatter's tea party of Rock debt repayments Freddie Mac ignored warnings in ...
2008-08-05 05:54:00 -
Freddie Mac boss warned four years ago - Guardian Unlimited
Freddie Mac, the mortgage firm that had to be rescued by the US government last month, was warned as early as 2004 that dubious loans were compromising its financial health. Freddie's former chief risk officer, David Andrukonis, told the New York ...
2008-08-05 07:20:00 -
Syron's side of the story - Boston Globe
Richard Syron built a career taking on and solving tough challenges. Now, as his career nears its end, the former president of the Federal Reserve Bank of Boston faces serious questions of whether he can succeed one more time. Syron, 64, chief ...
2008-08-05 09:15:00 -
National News RSS Feed (Gazette)
Consumer confidence tumbled to a further record low in July amid increasing fears the UK economy could be heading for a recession, figures have showed.
2008-08-05 07:54:49 -
CENTRAL NY BUSINESS NEWS (The Post-Standard)
• Gas costs boost values of compacts New York Compact cars such as the Honda Fit and Chevrolet Aveo are expected to retain more of their value than trucks and sport utility vehicles once prized for the resale demand, according to a car value tracking firm.
2008-08-05 09:18:40 -
Lending by UAE banks 'within limits' (Zawya)
Abu Dhabi: The UAE banks' exposure to the real estate market via loans to developers isn't very high at the moment and these are mostly backed by strong collateral, economists and market experts told Gulf News on Tuesday.
2008-08-05 09:58:27 -
South Floridians can bank on money safety after FDIC takeover of Bradenton bank (Sun-Sentinel)
Customers reassured after regulators take over first Florida lender since 2004 Banking officials are reassuring jittery customers yet again following the eighth failure of a bank this year and the first in Florida since 2004.
2008-08-05 10:07:18 -
Treasuries Little Changed; Freddie Mac May Have Quarterly Loss (Bloomberg.com)
Aug. 6 (Bloomberg) -- Treasuries were little changed, snapping a two-day slide, on speculation Freddie Mac will report a quarterly loss today, fueling concern that credit-market declines will keep spreading.
2008-08-05 10:42:54 -
Company profits grow, but mainly from cost cutting (The Journal News)
NEW YORK - On the surface, U.S. companies' second-quarter earnings were fairly respectable when you strip away the financial sector. Profits for companies in the Standard & Poor's 500 rose about 10 percent from a year earlier after falling sharply the two previous quarters.
2008-08-05 11:33:33 -
Triad Guaranty posts loss (Winston-Salem Journal)
Triad Guaranty Inc.'s exposure to the languishing housing markets in four states contributed to another major quarterly loss.
2008-08-05 09:11:00 -
Federal Reserve Leaves Rates Unchanged; Wall Street Pleased (The Tampa Tribune)
Confronted by problems at every turn - rising unemployment, shaky growth, credit troubles and creeping inflation - the Federal Reserve left an important interest rate unchanged, taking a gamble that for now the best move was no move at all.
2008-08-05 09:13:26 -
Fannie Mae raises fees again to mitigate losses (Muzi)
NEW YORK (Reuters) - Fannie Mae is raising some fees on mortgage loans its purchases, marking the fourth increase in nearly a year, to reflect higher credit risk and offset losses from continuing market deterioration.
2008-08-05 09:29:23 -
Today's Business (The Myrtle Beach Sun News)
UNITED STATES LENDING Treasury hires firm for Fannie, Freddie
2008-08-05 09:31:49 -
Home buyers using cold, hard cash (The Myrtle Beach Sun News)
JESSICA FOSTER Home buyers on the Grand Strand are plopping down big bucks to purchase real estate these days. The area has seen an uptick in the percentage of buyers paying for real estate up front in cash rather than the usual method of taking out a mortgage. Between January and June, 22 percent of buyers paid cash compared with 16 percent in the same period last year.
2008-08-05 09:32:49 -
06-08-2008: Loan growth in June hits 10-year high (The Edge Daily)
PETALING JAYA: Loans growth in June hit a 10-year high as the banking system recorded a month-on-month (m-o-m) increase of 1.6% and a year-on-year (y-o-y) growth of 11.7%.
2008-08-05 09:45:15