Mortgage and Financial News From 2008-1-11 Page 79

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• Bossert's Analysis - New York Daily News

  Bossert's AnalysisNew York Daily News, NY - 56 minutes agoSecond Mortgage exits same race as top choice when fourth. Wonderous Day showed speed in return before stopping; can improve. 7. ...
  2008-01-11 01:53:28

• GLOBAL MARKETS-Merrill report spreads more gloom on dlr, stocks - Reuters

  GLOBAL MARKETS-Merrill report spreads more gloom on dlr, stocksReuters - 52 minutes agoThe dollar fell 0.3 percent against the yen while the two-year US Treasury yield eased to its lowest level in three years around 2.62 percent. ...
  2008-01-11 01:56:49

• Fed chief signals aggressive rate cuts to stave off recession - Lake Expo

  Fed chief signals aggressive rate cuts to stave off recessionLake Expo, MO - 50 minutes agoBy Kevin G. Hall/McClatchy Newspapers (MCT) WASHINGTON -- The Federal Reserve is ready to cut interest rates aggressively to spur the economy, Chairman Ben ...
  2008-01-11 01:59:26

• European stocks fall as Unilever, L'Oreal weigh - Guardian Unlimited

  European stocks fall as Unilever, L'Oreal weighGuardian Unlimited, UK - 49 minutes agoBy Dominic Lau LONDON, Jan 11 (Reuters) - European stocks fell early on Friday to hit their lowest level in nearly five months as broker downgrades hurt ...
  2008-01-11 01:59:59

• Laurence White: Homes must be where the heart is - Belfast Telegraph

  Laurence White: Homes must be where the heart isBelfast Telegraph, United Kingdom - 14 minutes agoAt the same time, according to Moneyfacts, 14 lenders failed to reduce their standard variable mortgage rates by the full 0.25%. If that is not enough, ...
  2008-01-11 02:35:12

• Merrill report pulls down Asian shares (FT.com via Yahoo! News)

  Asian shares reversed early gains on Friday to end the week sharply lower as a report that Merrill Lynch may write down $15bn of assets, double its initial estimate, hit financial stocks.
  2008-01-11 01:40:11

• European stocks fall as Unilever, L'Oreal weigh (Reuters via Yahoo! Singapore News)

  LONDON, Jan 11 - European stocks fell early on Friday to hit their lowest level in nearly five months as broker downgrades hurt Unilever and L'Oreal , while fears of more U.S. subprime losses also weighed on sentiment.
  2008-01-11 01:48:45

• Interest-rate dip fires up mortgage refinancing (The Plain Dealer)

  Mortgage rates were the lowest this week in nearly 2½ years, averaging 5.87 percent nationally, because of more and more bad economic news. That's the lowest 30-year fixed rate since September 2005, according to Freddie Mac, the giant mortgage underwriter.
  2008-01-11 01:50:01

• GLOBAL MARKETS-Merrill report spreads more gloom on dlr, stocks (Reuters via Yahoo! Singapore News)

  LONDON, Jan 11 - Two-year U.S. bond yields fell to a three-year low while investors shunned the dollar in favour of the yen on Friday as a newspaper said Merrill Lynch will report further heavy losses related to the credit crisis.
  2008-01-11 01:50:33

• Yen Rises as Traders Pare Carry Trades on Credit-Market Losses (Bloomberg.com)

  Jan. 11 (Bloomberg) -- The yen rose against all but one of the world's 16 most-active currencies as signs credit-market losses are worsening prompted investors to pare carry trades, where they use funds from Japan to buy higher-yielding assets.
  2008-01-11 02:17:01

• AP Executive Morning Briefing (Centre Daily Times)

  The top business news from The Associated Press for the morning of Friday, Jan. 11, 2008:
  2008-01-11 02:23:37

• Europe’s Next Rate Move May Be an Increase (NYTimes.com via Yahoo! Finance)

  The European Central Bank left its key interest rate unchanged on Thursday but signaled that it could raise it pre-emptively if generous wage deals threaten to ignite inflation.
  2008-01-11 02:39:29

• LOCAL AND STATE NEWS (San Jose Mercury News)

  KRON-TV for sale; NBC expected to be among multiple bidders KRON-TV is up for sale, its owner said Thursday, in a move that could change the landscape for local television programming.
  2008-01-11 02:43:55

• New York

  New York Observer - ... of shopping. [NY Times] Corcoran, Elliman not participating in REBNY listings. [NY Times] Borrowers, beware, in today's mortgage ... But there are a few other ways to calculate our gays. For one: "Men who had sex with men" were given an HIV incidence rate in ...
  2007-12-31 03:58:00

• Jim Miles: Canada Report 2007 - Part I - Subnation

  Scoop - ... to stabilize greenhouse gas emissions have failed to bear fruit, as countries have been unable to agree on means to calculate ... touted "carbon credit" scheme has the same fault, that emissions will not stop, and the credits, like with the mortgage ...
  2008-01-10 11:07:00

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