Mortgage and Financial News From 2008-1-16 Page 41

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  • Home equity emerges as trouble spot for banks - MarketWatch

    Home equity emerges as trouble spot for banksMarketWatch - 1 hour agoGovernment-chartered lender Freddie Mac released the results of its 24th Annual Adjustable-Rate Mortgage Survey of prime loans on Wednesday and said it ...
    2008-01-16 11:43:48
  • Mortgage meltdown: Now the rents - CNNMoney.com

    Mortgage meltdown: Now the rentsCNNMoney.com - 32 minutes agoForeclosure rates are a wild card as well. If foreclosures unleash so much supply on a local market that home prices plummet, that opens up affordable ...
    2008-01-16 12:27:44
  • Stocks fight back (CNN Money)

    Blue chips bounced and technology shares cut losses Wednesday afternoon, late in a choppy session influenced by disappointment about Intel's earnings and outlook.
    2008-01-16 12:40:15
  • Dow industrials rise again as hopes for Fed moves intensify (MarketWatch via Yahoo! Finance)

    U.S. stocks on Wednesday edged off earlier declines, with badly beaten financial and consumer stocks helping pave the way higher amid easing commodity prices and less-disappointing-than-anticipated results from two large banks.
    2008-01-16 12:44:00
  • MARKET SNAPSHOT: Dow Industrials Rise Again As Hopes For Fed Moves Intensify (Nasdaq)

    U.S. stocks rallied Wednesday afternoon on hopes the Federal Reserve might not wait until a late December meeting to cut interest rates again.
    2008-01-16 12:51:17
  • Stocks Trade Mixed After Beige Book (AP via Yahoo! Finance)

    Stocks traded mixed late Wednesday after a Federal Reserve report showing that the economy grew at the end of 2007 appeared to quiet some worries of a sudden slowdown in the economy.
    2008-01-16 12:51:36
  • Federal Reserve Plays Russian Roulette with US$ (Kitco.com)

    In an age where governments of every political stripe distort data to promote their own self interests, it’s hardly surprising that they present inflation data in a manner that is best suited to their particular needs.
    2008-01-16 12:54:01
  • (AFX UK Focus) 2008-01-16 20:31 GMT: Stocks mostly higher after Intel results (Interactive Investor)

    NEW YORK (AP) - Stocks were mostly higher Wednesday after a Federal Reserve report showing economic growth at the end of 2007 appeared to quiet some worries of a precipitous slowdown in the economy.
    2008-01-16 12:56:44
  • US subprime losses mount (AAP via Yahoo!7 News)

    Subprime mortgage losses continued to mount at major US finance houses on Wednesday and Japan's top bank also took a sizeable hit.
    2008-01-16 12:57:11
  • Countrywide says helped avert 81,000 foreclosures

    Forbes - ... Countrywide Financial Corp said Wednesday it helped more than 81,000 borrowers stay in their residences and avert possible foreclosures in 2007, by either modifying or otherwise restructuring their home loans. The largest U.S. mortgage lender, which ...
    2008-01-16 11:50:00
  • Citigroup to cut 4,200 more jobs

    St. Louis Business Journal - Loans, mortgage losses give Citigroup dismal 4Q [Cincinnati] U.S. Bancorp's Q4 results slide under expectations [Dayton] U.S. Bancorp Q4 earnings slip [Portland] CitiMortgage's Beckmann to lead Citigroup mortgage consolidation [St. Louis] Financial ...
    2008-01-16 10:24:00
  • Greater Community Bancorp hits 4Q profit

    Boston Globe - While Greater Community Bancorp has no subprime mortgage loans, we are not immune to the credit challenges and current market conditions facing the financial services industry," said Anthony M. Bruno Jr., chairman, president and chief executive, in a ...
    2008-01-16 08:36:00
  • Credit woes hit student loans

    CNN Money - Student loans are sold to investors the same way mortgages are sold to investors - bundled together in a process called securitization. And with a rising number of defaults and foreclosures in the mortgage industry, investors are increasingly wary of ...
    2008-01-16 08:22:00
  • Markets: $40bn lost in sub-prime stocks wipeout

    News.com.au - The tide of higher lending rates has been extended, with non-bank lenders Aussie Home Loans, Mortgage House and Paladin each hiking their lending rates yesterday by up to 20 basis points. The share market's losses marked the eighth consecutive day ...
    2008-01-16 10:02:00
  • JPMorgan and Wells Fargo hit by loans

    Financial Times - ... its US consumer business had risen sharply to $4.1bn as more borrowers, hit by falling house prices, struggled to keep up with payments on credit card, auto and home equity loans. JPMorgan once again avoided the huge writedowns on subprime mortgage ...
    2008-01-16 12:25:00