Mortgage and Financial News From 2008-1-13 Page 9

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  • Obama Unveils $120 Billion Stimulus Plan - The Associated Press

    Obama Unveils $120 Billion Stimulus PlanThe Associated Press - 4 hours agoObama also wants $10 billion to extend unemployment insurance while loosening the eligibility criteria to include many part-time and nontraditional workers. ...
    2008-01-13 03:31:11

  • New boss in place for a nationalised Northern Rock - Guardian Unlimited

    New boss in place for a nationalised Northern RockGuardian Unlimited, UK - 3 hours agoSandler, who was credited with rescuing the Lloyd's of London insurance market a decade ago, likened himself to a batsman waiting to take to the cricket ...
    2008-01-13 04:01:30

  • China Market Due For Correction [] - RTT News

    China Market Due For Correction []RTT News, NY - 3 hours agoAmong the gainers, HuaXia Bank jumped by the daily limit of 10 percent, while Shanghai Pudong Development Bank climbed 8.13 percent, Ping An Insurance added ...
    2008-01-13 04:32:25

  • Citizens at eye of storm over state investment pool - Sun-Sentinel.com

    Citizens at eye of storm over state investment poolSun-Sentinel.com, FL - 2 hours agoBy Julie Patel | South Florida Sun-Sentinel 3:00 AM EST, January 13, 2008 Citizens Property Insurance Corp., Florida's largest property insurer, ...
    2008-01-13 05:16:50

  • FSA Takes Top Spot In Ranking - Bond Buyer (subscription)

    FSA Takes Top Spot In RankingBond Buyer (subscription), NY - 19 minutes agoAmbac Assurance Corp. was second with $45.5 billion of total par, and MBIA Insurance Corp. was third with $44.3 billion. The year-end data differed from ...
    2008-01-13 07:13:10

  • Analysts Late to the Alarm (Washington Post)

    NEW YORK -- Throughout 2006, T. Rowe Price analyst Susan Troll watched in horror as one risky mortgage deal after another hit the market. She became alarmed by a widening trend: mortgage lenders issuing home loans of poor quality that were then packaged and sold by Wall Street investment banks to...
    2008-01-13 07:24:22

  • Bush Is Upbeat About Economy's Prospects (Washington Post)

    The White House is betting that the steps it has taken to address the housing and financial crises will be enough to avert a recession without resorting to a major tax cut or new spending, as leading economists in both parties have urged, senior administration officials said.
    2008-01-13 07:27:44

  • Senate Finally Acts to Help Borrowers (Washington Post)

    Reversing months of inaction in a single day, the Senate recently passed two major bills that could help thousands of homeowners struggling with unaffordable mortgages or heading for foreclosure.
    2008-01-13 07:28:24

  • State news

    Macon Telegraph - Appraiser sentenced to prison in mortgage fraud case Darryl L. Cooper, 27, of Decatur was sentenced to 18 months in federal prison on Friday after pleading guilty in a scheme to defraud mortgage lenders submitting fraudulent appraisals on incomplete ...
    2008-01-11 09:50:00

  • Britain invites Ron Sandler to head Northern Rock

    Economic Times - The BBC said the government could decide to nationalise Northern Rock within days, a move that could heap fresh pressure on Prime Minister Gordon Brown, who has been widely criticised over the demise of one of Britain’s biggest mortgage lenders ...
    2008-01-13 05:01:00

  • Wall St banks in firing line

    News.com.au - The loans were made to people who did not have any documents to verify their income or other verification for key requirements normally applied to mortgage borrowers," he said. "Many of the lenders made large amounts of loans, so that the exception ...
    2008-01-13 03:35:00

  • In a mortgage mess? Don't despair, get help

    Dallas Morning News - Don't despair. You may be eligible for assistance from one of many programs aimed at helping financially distressed homeowners keep their homes. Consumer advocates say they're finding mortgage lenders and mortgage-servicing companies more willing to ...
    2008-01-12 03:58:00

  • More credit crisis write-downs and writs

    Daily Telegraph - Businesses embroiled in suits include investment banks, mortgage lenders, fund managers, ratings agencies and also property developers, which helped arrange mortgages. Mr Power predicted more legal activity and said the number of sub-prime related ...
    2008-01-13 06:13:00

  • A year of fear and hope - Business Spectator

    A year of fear and hopeBusiness Spectator, Australia - 7 hours agoBut the high overseas borrowing cost problem is not confined to banks – the high borrowing business model is currently under threat because lenders want ...
    2008-01-13 11:11:23

  • Luso International Bank targets HK$1b initial public offering - South China Morning Post (subscription)

    Luso International Bank targets HK$1b initial public offeringSouth China Morning Post (subscription), Hong Kong - 5 hours agoLenders in Macau are benefiting from the gaming boom in recent years, but analysts said there was little room for local lenders such as Luso to rival ...
    2008-01-13 01:23:26

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