Mortgage and Financial News From 2008-3-16 Page 01

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  • Gas price hikes not illegal, says Washington state attorney general

    Seattle Business Journal - He added that this changed significantly between the first and second phases of the study. Crude prices have remained relatively stable even as they've risen over time.
    2008-03-13 05:54:00
  • There's never been a better time...

    startups.co.uk - In London especially, networking nights such as Second Chance Tuesday and Internet People are thriving and that can only be a ... worry the enthusiasm for business will see droves of naïve and hopelessly unprepared lemmings blindly lose their mortgages on ...
    2008-03-15 05:06:00
  • Lower-priced homes depress Oahu median

    Pacific Business News - A higher demand for lower-priced homes helped to push down the median price of a single-family home for the second month in ... Employee Benefits Business Continuity Mortgages Landscape Architects/ Design Business ...
    2008-03-13 05:54:00
  • Tax breaks ease pain of mortgage crisis

    Rocky Mountain News - ... homeowners, especially first- time home buyers and those struggling with higher house payments as adjustable rate mortgages ... been paid on "home-acquisition debt" - debt incurred to buy, build or substantially improve a principal residence or second ...
    2008-03-14 10:54:00
  • 'Optimistic' Bush defends his plan

    Chicago Tribune - ... proposing a new Housing Security Program to provide "meaningful incentives for lenders to buy or refinance existing mortgages ... The White House says it will reach $9.65 trillion by the end of Bush's second term.
    2008-03-14 11:51:00
  • Outsider trading

    Financial Times - Davide Serra used to play semi-professional volleyball in Italy’s Serie A2, or second division. ... In the coming months, as some financial companies were struggling to contain losses racked up in US mortgages and exotic ...
    2008-03-13 05:54:00
  • Fed Efforts Foiled By Banks as Mortgage Rates Rise (Update1)

    Bloomberg - The New York-based securities firm, the second-biggest underwriter of mortgage bonds, said its cash position had ... Home-loan issuance will drop by 15 percent this year, in part because lenders can't sell mortgages on the secondary market ...
    2008-03-15 07:51:00
  • Paulson 'To Do What It Takes' To Keep Economy Strong

    New York Sun - He declined to be specific about the future of the 85-year-old firm, the second-biggest underwriter of American mortgage ... Committee, Christopher Dodd, offered a plan last week to let the Federal Housing Administration insure refinanced mortgages ...
    2008-03-16 10:23:00
  • AT A GLANCE: JPMorgan Chase To Buy Bear Stearns For $2/Share

    CNN Money - The transaction is expected to have an expedited close by the end of the calendar second quarter 2008. ... big five investment banks, but it is a significant player in markets for debt, particularly for securities backed by mortgages
    2008-03-16 10:59:00
  • JPMorgan to buy Bear for $2 a share

    Forbes - ... banking -- until Bear Stearns' shareholders approve the deal, which is expected to be completed during the second quarter. ... The funds were heavily invested in securities backed by subprime mortgages.
    2008-03-16 10:37:00
  • Buy Signals Abound in U.S. Stocks Near Bear Market (Update1)

    Bloomberg - ... buy signals in the midst of the worst housing slump since the Great Depression, $200 billion in bank losses tied to mortgages ... The MSCI Asia Pacific Index fell for a second week, losing 2.6 percent. The Dow Jones Stoxx 600 Index of European shares ...
    2008-03-16 10:37:00
  • Dollar plunges as U.S. financial crisis deepens

    Boston Globe - Market players are afraid that there will be a second and third Bear Stearns out there," said Kosuke Hanao, head of forex ... beneath 96 yen on deteriorating confidence in U.S. assets from the crisis spawned by the defaults on U.S. subprime mortgages
    2008-03-16 10:23:00
  • Hong Kong shares end morning lower on fears of worsening credit crisis ...

    Forbes - ... Sachs Group Inc is next in line to announce heavy losses from its investment in securities linked to unpaid home mortgages in ... The unit of China's second-biggest lender will raise its mortgage lending rates for new homebuyers by up to 25 basis points ...
    2008-03-16 10:37:00
  • Mitsubishi UFJ, Babcock Drop on Bear Stearns Bailout (Update4)

    Bloomberg - ... second-largest investment bank, plunged 10 percent in Sydney. Financial stocks tumbled as Bear Stearns's sale raised the specter of more collapses in an industry wracked by almost $195 billion in writedowns and losses related to U.S. mortgages.
    2008-03-16 10:51:00
  • Chinese banks to post strong earnings growth in 2007 despite slowdown ...

    Quamnet - ... the last quarter, China's credit tightening, high inflation and falling US interest ... But CLSA is predicting only a 5 percent increase in BOC's earnings as it expects ... profits for 2007" and would have minimized its exposure to the troubled US mortgage ...
    2008-03-16 08:35:00