Mortgage and Financial News From 2008-10-10 Page 7
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City Attorney Sues WaMu Over Lending Practices (KGTV San Diego)
City Attorney Michael Aguirre filed a lawsuit against Washington Mutual, alleging that the bank engaged in unlawful subprime mortgage lending practices.
2008-10-10 02:01:30 -
Emerging nations and cash flight (Bangkok Post - Thailand's English news)
Do Brazil, Russia, China, and Gulf States have enough reserves? LONDON : As western investors dump emerging market assets, the fate of the sector's major economies will hang on whether Brazil, Russia, China and others like Gulf Oil producers have built up enough funds to survive the storm.
2008-10-10 02:04:03 -
Bush signs two vets’ benefits bills into law - Army News, opinions, editorials, news from Iraq, photos, reports - Army ... (Army Times)
President Bush signed two veterans’ bills into law on Friday, an omnibus benefits bill and a package of health-related legislation.
2008-10-10 02:15:50 -
Experts Offer Advice To Those Facing Foreclosure (KCTV 5 Kansas City)
Many homeowners are facing the same problem, the threat of foreclosure, which can ruin their credit ratings and cost them much more.
2008-10-10 04:55:50 -
Exclusive: The Mortgage Meltdown – Why is McCain Afraid to Pin the ... - Family Security Matters
For John McCain and the Republicans, there’s nowhere to go but up. Cut through all of the self-congratulatory talk about how foresighted and responsible they were in voting for the $700 billion mortgage bailout and the truth is that the GOP today ...
2008-10-10 10:09:00 -
Board approves new guidance for accounting rules that could help ease ... - Newsday
NORWALK, Conn. (AP) _ The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move that could boost their balance sheets. The five-member Financial Accounting Standards ...
2008-10-10 01:51:00 -
Taking stock - BBC News
It has been a dramatic week for the UK and economies around the world, with stock markets in turmoil - wiping billions off the value of shares. In an effort to steady the faltering global economy, six central banks, including the Bank of England, cut ...
2008-10-10 02:34:00 -
Glossary: Translating the financial crisis - International Herald Tribune
BASIS POINT: One one-hundreth of one percentage point. Changes in interest rates are measured in basis points. If the Federal Reserve's target rate was 2 percent and it was cut by 50 basis points, the new rate would be 1.5 percent. COLLATERALIZED ...
2008-10-10 12:32:00 -
Blow for new mortgage borrowers - BBC News
The number of mortgage products available to new borrowers hit its lowest figure since the start of the credit crunch, according to Moneyfacts. On Friday there were 3,281 mortgages available for new borrowers, compared with 10,726 a year ago, the ...
2008-10-10 08:15:00 -
The lengthening shadow of recession (Monday Morning)
“We are not going to take a bill to the floor that doesn’t have the votes. I’m optimistic that we will take a bill to the floor”, Democrat House Speaker Nancy Pelosi told reporters.
2008-10-10 01:48:22 -
Financial Crisis Glossary (WKYT Lexington)
Short definitions for key words and phrases in the financial crisis:
2008-10-10 01:57:57 -
Fannie, Freddie Mortgage-Bond Spreads Exceed Pre-Takeover Level (Bloomberg)
Oct. 10 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage bonds jumped relative to Treasuries for a second day, pushing spreads above their levels before the U.S. seized the companies and vowed to support the market to bolster home prices.
2008-10-10 02:00:37 -
U.S. Stocks Trim Losses After Early Plunge (Red Herring)
Bloodbath continues in Europe and Asia as tech stocks close mixed.
2008-10-10 02:11:10 -
Mortgage program a good first step, says BMO Capital Markets (Investment Executive)
The $25 billion mortgage program announced Friday by Finance Minister Jim Flaherty is a good step, but more is needed from policymakers, say analaysts at BMO Capital Markets.
2008-10-10 02:14:00 -
Decoupling - More a Myth than Reality (Nasdaq)
(RTTNews) - The financial world is crumbling, with the rug under it being pulled out mercilessly for its own fault. Companies defied the law of gravity and were soaring high, abetted by the excessive bets they took on risky investments. The outcome?
2008-10-10 02:29:40