Mortgage and Financial News From 2008-1-11 Page 74

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Banesto sees bad debt continuing to deteriorate in 2008, but 'not ... - Forbes
Banesto sees bad debt continuing to deteriorate in 2008, but 'not ...Forbes, NY - 14 minutes ago... to deteriorate in 2008 due to defaults on home mortgage payments amid higher interest rates, but 'not excessively,' chairwoman Ana Patricia Botin said. ...
2008-01-11 03:35:14
Move over climate change, the WI’s back - News & Star
Move over climate change, the WI’s backNews & Star, UK - 10 minutes agoIt seems everybody else has the Women’s Institute at the forefront of their thinking – right up there with mortgage interest rates, Marks & Spencer share ...
2008-01-11 03:39:15
Bernanke: Fed Ready To Cut Rates Again (New London Day)
Washington — Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates as needed to prevent housing and credit problems from plunging the country
2008-01-11 03:25:49
Bernanke signals bold rate action to lift growth (Washington Post)
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank was ready to act aggressively to counter a deep housing slump and credit market strains that were putting economic growth at risk.
2008-01-11 03:28:44
Reports: Bank Of America May Buy Countrywide (WCBS-TV New York)
Bank of America's anticipated proposal to rescue mortgage lender Countrywide Financial Corp. would also come as a relief to federal regulators. By purchasing Countrywide, Bank of America Corp. would prevent the largest U.S. mortgage lender from filing for bankruptcy and thereby avert significant damage to the home-loan market.
2008-01-11 03:38:25
Countrywide rescue would be boon to regulators (CNN Money)
A takeover of the troubled lender would prevent further damage to the mortgage market and economy, analysts say.
2008-01-11 03:40:15
(AFX UK Focus) 2008-01-11 11:28 GMT: Banesto sees bad debt continuing to deteriorate in 2008, but 'not excessively' (Interactive Investor)
MADRID (Thomson Financial) - Banco Espanol de Credito SA sees bad debt continuing to deteriorate in 2008 due to defaults on home mortgage payments amid higher interest rates, but "not excessively," chairwoman Ana Patricia Botin said.
2008-01-11 03:40:59
Bernanke promises further rate cuts to bolster economy (Contra Costa Times)
WASHINGTON -- Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates as needed to prevent housing and credit problems from plunging the country into a recession.
2008-01-11 03:41:02
Feds Seem to Favor Countrywide Buyout (IWon - Money)
WASHINGTON (AP) — Bank of America's anticipated proposal to rescue mortgage lender Countrywide Financial Corp. would also come as a relief to federal regulators.
2008-01-11 03:46:10
Banks want to ignore the rules
International Herald Tribune - NEW YORK : When you are shoveling money, keeping track of the paperwork is an awful burden. As the mortgage mess grows, we are learning more and more about just how sloppy things were in the mortgage issuing business as loans were churned out, carved ...
2008-01-10 01:01:00
Topics: Lehman Brothers Inc.
New York Daily News - Mortgage applications are soaring, led by a surge in refinancing as long-term interest rates fall to the lowest level in two years.. . The Mortgage ... I know the subprime-lending crisis came about from too many risky loans being made to too many ...
2008-01-11 02:16:00
For the record
Boston Globe - Correction: Because of a reporting error, a story in yesterday's Business section about mortgage lenders misstated the response of Freedom Mortgage to new state regulations. The company plans to continue making loans in Massachusetts. The Globe ...
2008-01-10 11:53:00
Northern Rock sells part of portfolio to repay 2 billion pounds to ...
CNBC - LONDON - Northern Rock PLC said Friday it had raised 2.2 billion pounds (euro2.9 billion US$4.3 billion) to repay part of the Bank of England loans which are propping up the troubled mortgage lender. The Bank of England reportedly has extended 26 ...
2008-01-11 02:09:00
Standard Chartered to buy small S.Korea thrift
Reuters - ... company as it is seeking to transform into a holding company in Asia's third-largest banking market. South Korean banks are also pushing for high-yield lending to those with poor credit ratings to make up for sluggish demand for mortgage loans and ...
2008-01-10 10:55:00
TIMELINE: Troubles at UK mortgage lender Northern Rock
Reuters - (Reuters) - Britain's Northern Rock (NRK.L: Quote , Profile , Research ) has sold a 2.2 billion pound ($4.3 billion) portfolio of mortgages to U.S. bank JP Morgan, a first step to help the troubled lender repay loans from the Bank of England ...
2008-01-11 03:13:00

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