Mortgage and Financial News From 2008-1-13 Page 10

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• National briefs - Dubuque Telegraph Herald

  National briefsDubuque Telegraph Herald, IA - 4 hours ago... applied to mortgage borrowers," he said. "Many of the lenders made large amounts of loans, so that the exception swallowed the rule, or became the rule. ...
  2008-01-13 02:10:36

• A major part of the credit crunch is over - LIBOR near enough back ... - Assetz News

  A major part of the credit crunch is over - LIBOR near enough back ...Assetz News, UK - 4 hours ago... better going forwards and already almost weekly we are seeing better and better mortgage rates coming into the market. One key buy to let lender who is ...
  2008-01-13 02:30:07

• ABN AMRO Leveraged Trader - Commonwealth Bank - Dividend Play - egoli.com.au

  ABN AMRO Leveraged Trader - Commonwealth Bank - Dividend Playegoli.com.au, Australia - 3 hours agoWe are a strong believer that the 2007 credit crisis will lead to a structural benefit for the high quality lenders, at the expense of the higher risk non ...
  2008-01-13 03:51:15

• Principled behaviour pays dividends - Economic Times

  Principled behaviour pays dividendsEconomic Times, India - 2 hours agoNewspaper headlines suggest a conflict — in the United States we see stories of mortgage companies enriching themselves by predatory lending to poor ...
  2008-01-13 04:20:53

• write-downs and writs - Telegraph.co.uk

  write-downs and writsTelegraph.co.uk, United Kingdom - 2 hours agoBusinesses embroiled in suits include investment banks, mortgage lenders, fund managers, ratings agencies and also property developers, which helped arrange ...
  2008-01-13 04:58:56

• Mayors face test of spreading foreclosures - ReportonBusiness.com

  Mayors face test of spreading foreclosuresReportonBusiness.com, Canada - 1 hour agoMayor Palmer plans to meet in Trenton on January 14 with representatives of major mortgage lenders and community and faith-based organizations in an effort ...
  2008-01-13 05:11:58

• Trouble at El Cortez - Voice of San Diego

  Trouble at El CortezVoice of San Diego, CA - 1 hour ago... being sold for about half of their original selling price by lenders who repossessed them. The other is listed for less than is owed on the mortgage. ...
  2008-01-13 05:58:38

• More credit crisis write-downs and writs (Daily Telegraph)

  The sub-prime mortgage lending crisis has seen 112 companies report write-downs of more than $170bn (£87bn) but this is only the tip of the iceberg, research consultancy Advisen has warned
  2008-01-13 05:27:48

• What will 2008 bring for investors? (San Antonio Express-News/KENS 5)

  Financial advisers offer their take on issues ranging from housing to oil to recession.
  2008-01-13 05:45:54

• New lending rules kicking in (San Antonio Express-News/KENS 5)

  Property tax loans still costly
  2008-01-13 05:46:04

• GM could announce more buyout offers this week (Detroit Free Press)

  General Motors Corp. could announce a new round of buyout and retirement offers as early as this week, Chairman and CEO Rick Wagoner said Sunday.
  2008-01-13 06:03:05

• Mayors face test of spreading foreclosures (KPLC Lake Charles)

  By Martha Graybow TRENTON, New Jersey (Reuters) - Mayor Douglas Palmer, meeting with visitors at City Hall, points to a large map peppered with dark dots.
  2008-01-13 06:13:51

• Customers pressured as banks force staff to sell debt

  News.com.au - And lending staff can miss out on bonuses of up to $12,000 if they fail to sell $28 million worth of loans annually. As families reel from fresh interest rate rises, bank workers are being forced to meet ambitious sales targets or miss out on ...
  2008-01-13 03:14:00

• N.Z. Home-Building Approvals Decline for Third Month (Update1)

  Bloomberg - The housing market is under the gun and facing considerable pressure,'' said Philip Borkin, an economist at ANZ National Bank Ltd. in Wellington. ``The interest-rate increases we've had are really taking their toll now.'' Nine of 15 ...
  2008-01-13 02:38:00

• Interest rate increases prompt criticism of new Australian treasurer

  HULIQ.com - Australia's Opposition Party laid blame for recent interest rate increases at the feet of new federal treasurer Wayne Swan. Swan, in turn, criticised the banks, saying they risk being "judged very harshly" if they "try to take advantage of the U.S ...
  2008-01-13 03:14:00

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