Mortgage and Financial News From 2008-6-9 Page 5
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Lehman Brothers announces expected second quarter results (Thaipr.net)
Lehman Brothers Holdings Inc. has announced that continued challenging market conditions will result in an expected net loss of approximately $2.8 billion, or ($5.14) per common share (diluted) for th
2008-06-09 07:48:50 -
Fannie Mae Redemption - MSN MoneyCentral
Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's ...
2008-06-09 05:54:00 -
U.S. housing authority faces $4.6 billion in losses - International Herald Tribune
WASHINGTON : The United States Federal Housing Administration expects to incur losses of $4.6 billion because of unexpectedly high default rates in its portfolio of home loans, officials said on Monday. Brian Montgomery, the commissioner of the ...
2008-06-09 02:08:00 -
Moody's Lowers Homebuilders - Forbes
Homebuilders were taken down a peg by ratings agency Moody's on Monday. Investors, much like the agency's ability to gauge risk, were fickle when it came to the downgraded outfits. Moody's downgraded six homebuilders Monday citing cashflow problems ...
2008-06-09 04:10:00 -
Pending Sales Surge Where Foreclosures Purge - Forbes
The U.S. mortgage market is in bad health for sure, but the signs of life are in areas where tough medicine is being taken in the form of high dosages of foreclosure. On Monday, the National Association of Realtors' April index of future home sales ...
2008-06-09 03:41:00 -
Factory gate prices rising at record rate (The Herald)
The mounting inflation peril facing the UK was hammered home yesterday by official figures which revealed fresh record rates of increase in factory-gate prices and producers' input costs.
2008-06-09 04:41:53 -
Snow Leopard, next OS, due in about a year (MacNN)
Apple on Monday previewed Mac OS X Snow Leopard, the successor to Mac OS X Leopard; the next major version Apple's operating system focuses primarily on new features to enhance performance of OS X, set a new standard for quality and lay the foundation for future OS X innovation, Apple said. Snow Leopard is optimized for multi-core processors, taps ...
2008-06-09 05:24:01 -
Recession talk obscures opportunity (North Bay Business Journal)
Are you tired yet of the endless talk about a recession in the U.S. economy? We have speculated for months about whether we will get into one, and then we’ve discussed whether we are there yet and how long it might last.
2008-06-09 05:27:21 -
Obama, McCain economic proposals (TVNZ)
Trouble in the subprime mortgage market has led to a wave of home foreclosures and a broader economic slowdown, heightening voter anxiety before the November election.
2008-06-09 06:09:51 -
ABOVE THE DOWNTURN (Las Vegas Business Press)
Luxury homes in Las Vegas have held their value in a declining housing market in which one in every 44 homes has entered some stage of foreclosure, a local appraiser said.
2008-06-09 06:11:33 -
Top Scoops (Scoop.co.nz)
The RBCB (Reagan-Bush-Clinton-Bush) era is apparently finished, although with this crowd you can never be sure. It was a time when America lost power, respect, direction, jobs, integrity, its Constitution and an understanding of what democracy was all ...
2008-06-09 06:21:48 -
Debt Control: Questions and Answers - The Epoch Times
The good news is that there is light at the end of the tunnel. This problem can be easily remedied by putting yourselves on a strict budget. The bad news is that you will have to put yourselves on a strict budget. Not using your cards any more is the ...
2008-06-09 04:24:00 -
SKorea end-March household debt at record 640.5 trln won as mortgage ... - Forbes
SEOUL (Thomson Financial) - South Korean household debt rose to a fresh record of 640.5 trillion won ($622.9 billion) at the end of the first quarter as demand for mortgage loans increased, with a huge number of new homes in northern Seoul going on ...
2008-06-08 11:35:00 -
Italy April outstanding mortgage loans fall from March; second month ... - Forbes
MILAN (Thomson Financial) - Italy's stock of outstanding mortgage loans fell in April to 256.5 billion euros from 259.9 billion in March and 268.3 billion in February, said Il Sole 24 Ore. Citing Bank of Italy data, the newspaper the fall is 9 ...
2008-06-09 12:39:00 -
Mortgage lenders are 'killing' market - MyFinances.co.uk
Mortgage lenders are "killing" the property market by imposing high loan-to-value (LTV) levels on their products, argues MoneyExtra.com. While high street lenders have been calling on the Bank of England to cut interest rates in order to stimulate ...
2008-06-09 03:56:00