Mortgage and Financial News From 2008-2-15 Page 17

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  • Economic stimulus package given high marks as right medicine - kgw.com (subscription)

    Economic stimulus package given high marks as right medicinekgw.com (subscription), OR - 3 hours agoDefaults are soaring as millions of borrowers with spotty credit histories who got loans find themselves unable to make monthly payments once the mortgages ...
    2008-02-15 12:09:52

  • Many more job cuts ahead for Wall St banks - Guardian Unlimited

    Many more job cuts ahead for Wall St banksGuardian Unlimited, UK - 3 hours agoSome of the securities industry's biggest profit drivers -- mortgages, junk bonds and leveraged buyouts -- have been stopped in their tracks by the credit ...
    2008-02-15 12:31:57

  • Four at Four: Letting It Steep - Wall Street Journal

    Four at Four: Letting It SteepWall Street Journal - 2 hours agoThe problem is not that creating mortgages for low credit quality borrowers is a bad thing or a task that can’t be done, it’s just that Wall Street got the ...
    2008-02-15 01:06:49

  • The US Housing Crisis: By The Book - Elliott Wave

    The US Housing Crisis: By The BookElliott Wave, GA - 2 hours ago(CBS March 2005) Second installment: Great Expectations, For Creative Mortgages published 2005. Excerpt: "Poor-credit buyers can now get the home of their ...
    2008-02-15 01:14:05

  • Banks may face additional writedowns of over $200 bn - Economic Times

    Banks may face additional writedowns of over $200 bnEconomic Times, India - 2 hours ago... mortgages in the US last year sparked a collapse of global credit markets. The ensuing cash shortage led to large writedowns by banks in the second half ...
    2008-02-15 01:26:58

  • Morgan Stanley CEO pay takes subprime hit - Reuters

    Morgan Stanley CEO pay takes subprime hitReuters - 1 hour agoThe stock awards and option grants, worth a combined $40.2 million, were awarded for his 2006 performance, a strong year for the world's second-largest ...
    2008-02-15 02:02:51

  • Foodmakers Weather Downturn, Shares Rise - The Associated Press

    Foodmakers Weather Downturn, Shares RiseThe Associated Press - 58 minutes agoMINNEAPOLIS (AP) — Investors ordered up a second helping of foodmakers after better-than-expected profits on Friday. Hormel and Smucker both reported ...
    2008-02-15 03:01:41

  • Japan 10-Year Bonds Fall This Week as Odds for BOJ Cut Decline - Bloomberg

    Japan 10-Year Bonds Fall This Week as Odds for BOJ Cut DeclineBloomberg - 41 minutes agoA US housing market slump and widening losses on securities tied to subprime mortgages has made banks reluctant to lend. Bernanke said in testimony to the ...
    2008-02-15 03:19:07

  • Best Buy: Best Of The Bunch - Forbes

    Best Buy: Best Of The BunchForbes, NY - 4 minutes agoWith the housing market sliding and credit standards tightening, Americans can no longer tap their homes for excess cash through second mortgages and equity ...
    2008-02-15 03:56:01

  • Editorial: Another positive step to help homeowners - Minneapolis Star Tribune (subscription)

    Editorial: Another positive step to help homeownersMinneapolis Star Tribune (subscription), MN - 3 minutes agoThat's why the Bush administration and several major mortgage companies recently announced a second initiative to help struggling homeowners. ...
    2008-02-15 03:56:58

  • Waives hearing (Daily Courier)

    A Connellsville man accused of injuring a 5-year-old waived his right to a preliminary hearing before District Judge Ronald Haggerty Thursday.
    2008-02-15 01:54:43

  • Fed chairman tells Congress business prospects declining (Argus Observer)

    WASHINGTON  — While Federal Reserve Chairman Ben Bernanke won’t say the economy is in a recession, he is using a lot of other downbeat words to describe the fix the country is in.
    2008-02-15 02:01:28

  • Stocks Slide on Economic Readings (IWon - Money)

    NEW YORK (AP) — Stocks fell for second day Friday after lackluster economic reports offered investors little incentive to put down big bets ahead of a long weekend.
    2008-02-15 02:08:49

  • Most U.S. Stocks Fall as Consumer Sentiment, Manufacturing Drop (Bloomberg.com)

    Feb. 15 (Bloomberg) -- Most U.S. stocks dropped for a second day after consumer confidence fell to a 16-year low and manufacturing in New York unexpectedly contracted for the first time since 2005.
    2008-02-15 02:14:04

  • Japan 10-Year Bonds Fall This Week as Odds for BOJ Cut Decline (Bloomberg.com)

    Feb. 16 (Bloomberg) -- Japanese 10-year government bonds fell for the week as traders reduced bets the Bank of Japan will lower the benchmark interest rate this year.
    2008-02-15 03:12:03

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