Mortgage and Financial News From 2008-1-13 Page 6

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  • 13-01-2008: Bank results may drag US stocks even lower (The Edge Daily)

    NEW YORK: US stock investors could be in for further declines next week, which would worsen the markets' dismal start to 2008, as banks are due to post quarterly results that some observers expect may contain more mortgage-related surprises.
    2008-01-13 09:47:34

  • Bayview revitalization comes with huge price to black residents (San Francisco Chronicle)

    Change is coming to Herman Autry's street in San Francisco's Bayview district. Just down Oakdale Avenue from the block where Autry has spent much of his 66 years, trains now glide into an elevated stop for the new Third Street light-rail line. The power...
    2008-01-13 09:47:40

  • Credit unions juggle home loans with other services (BizJournals)

    Home lending may not be new among Columbus-area credit unions, but it is increasingly viewed as an important product to offer to customers and an attractive means to bolster the bottom line, according to local credit union executives.
    2008-01-13 09:51:51

  • Huntington starts year on sour note (BizJournals)

    A new year has arrived, but that didn't do much to ease the turbulence around Huntington Bancshares Inc.
    2008-01-13 09:52:31

  • Wells Fargo faces another Baltimore housing lawsuit (BizJournals)

    A local homebuyer has sued Wells Fargo Bank and Long & Foster Real Estate, claiming the firms created a sham company that billed homebuyers for work that was never done.
    2008-01-13 09:53:52

  • Merrill seeking $4 bln, Kuwait could invest: FT (EARTHtimes.org)

    NEW YORK (Reuters) - U.S. investment bank Merrill Lynch &Co Inc is seeking about $4 billion in a second capital raising, and the Kuwait Investment Authority is expected to be a significant investor in the new deal, the Financial Times reported on Sunday, citing people familiar with the matter.
    2008-01-13 09:54:54

  • Analyst: Q4 'might be the worst quarter' for some large banks (BizJournals)

    Some of the country's largest banks will report their biggest write-downs and charges yet from the mortgage crisis when they release fourth quarter earnings, starting the week of Jan. 14. (NCC) (WB) (BAC) (RF) (STI) (C) (WM)
    2008-01-13 09:55:32

  • Mortgage broker sees opportunity amid the industry slowdown (BizJournals)

    In February 2007, Florence Amico achieved her dream of opening her own mortgage brokerage company in her favorite town, Lauderdale-by-the-Sea.
    2008-01-13 09:56:05

  • (AFX UK Focus) 2008-01-14 05:33 GMT: Hong Kong shares end morning flat on worries over US, China - UPDATE (Interactive Investor)

    HONG KONG (Thomson Financial) - Hong Kong shares finished a listless Monday morning session little changed as the market gave up early gains when investors gave in to persistent worries over the slowing US economy and China's austerity measures.
    2008-01-13 09:56:19

  • RPT-IPO VIEW-Weak U.S. financial markets dampen IPO outlook

    Reuters - The Dow Jones industrial average and the broader S&P 500 Index have dropped more than 4 percent already this year, with financial stocks suffering from concerns about subprime mortgage losses, consumers' late credit payments and the slowing ...
    2008-01-13 01:19:00

  • Merrill Lynch Expected to Suffer Losses of $15 Billion Broker ... - Black Enterprise

    Merrill Lynch Expected to Suffer Losses of $15 Billion Broker ...Black Enterprise, NY - 13 hours agoBy Julia Werdigier and Jenny Anderson Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its ...
    2008-01-13 07:00:06

  • Housing gridlock in Will County: Buyers are scared, sellers stuck - Chicago Tribune

    Housing gridlock in Will County: Buyers are scared, sellers stuckChicago Tribune, United States - 7 hours ago"When things were good, I probably would have had it sold in three weeks or so," said her real estate broker, Jim Karges, a lifelong Joliet resident who has ...
    2008-01-13 01:25:39

  • MarketWatch - Overnight 14/01/2008 - LIVENEWS.com.au

    MarketWatch - Overnight 14/01/2008LIVENEWS.com.au, Australia - 6 hours agoBanking stocks were mostly positive despite fears about a global credit crunch, while food stocks suffered after a broker downgrade. ...
    2008-01-13 01:50:05

  • Seoul stocks edge up from 7-wk low despite US woes - Reuters

    Seoul stocks edge up from 7-wk low despite US woesReuters - 2 hours agoN: Quote, Profile, Research) this week for clues on the fallout from the subprime mortgage meltdown and its impact on the US economy. ...
    2008-01-13 05:49:38

  • Painful effects of a powerful force - Financial Times

    Painful effects of a powerful forceFinancial Times, UK - 2 hours agoAs one London-based prime broker says: "Leverage with respect to anything in the fixed income [debt] space is very difficult to get a handle on. ...
    2008-01-13 05:52:50

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