Mortgage and Financial News From 2008-6-9 Page 7
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U.S. pending home sales rise 6.3%, hinting at turnaround, Realtors say (Providence Business News)
IN THE WEST, the pending sales index rose 8.3% compared with March and 4.0% compared with April 2007, the NAR said. Year-over-year declines were seen in the other three regions, though only the Northeast fell compared with March.
2008-06-09 02:53:03 -
Lehman Posts Loss and Plans to Raise Fresh Capital (NYTimes.com via Yahoo! Finance)
The firm posted a loss of $2.8 billion for the second quarter and said that it will raise up to $6 billion in fresh capital from investors.
2008-06-09 03:36:57 -
Obama's vetting problem - Salon
Typically, if you're running for president, you'd like to be sure that the people who are helping to vet and select your running mate don't have any skeletons of their own. Unfortunately for Barack Obama, one of the men leading his veep search team ...
2008-06-09 11:31:00 -
S&P 500 Leaders & Laggards: Alcoa, WaMu - CNBC
NEW YORK (AP) - Alcoa Inc. recorded the largest gain on the Standard & Poor's 500 on Monday, helping lift the index to a higher close after wavering during the session. The S&P 500 added 1.08 to 1,361.76, as crude prices dipped, but only after Friday ...
2008-06-09 02:37:00 -
Investors snapping up banks' stock offers - Boston Globe
NEW YORK— Lehman Brothers Holdings Inc. on Monday became the latest bank in recent months to raise new capital through the sale of common and preferred stock, joining others like UBS AG and Citigroup Inc. Banks have been beset by problems in the ...
2008-06-09 02:08:00 -
Financials Tumble to Third Place Among S&P 500 Groups (Update1) - Bloomberg
June 9 (Bloomberg) -- Financial stocks , the largest industry group in the Standard & Poor's 500 Index last month, tumbled to third place today after Lehman Brothers Holdings Inc. reported a $2.8 billion second-quarter loss and the Federal Reserve ...
2008-06-09 02:15:00 -
Lehman, WaMu Down Amid Continued Mortgage, Credit Woes - Wall Street Journal
Lehman Brothers Holdings Inc. (LEH) and Washington Mutual Inc. (WM) shares slumped Monday amid signs that the credit crisis story still has some twists. The two huge companies led a fall in financial stocks in general - sending the Financial Select ...
2008-06-09 12:14:00 -
Mortgage services shares fall; WaMu hits 16-year low - Forbes
NEW YORK (Thomson Financial) - Shares of mortgage services companies fell sharply Monday, weighed by a tumble in Washington Mutual to a 16-year low following a negative analyst comment. WaMu's stock tumbled 17% to $6.22 on volume of 103.5 million ...
2008-06-09 02:01:00 -
(AFX UK Focus) 2008-06-09 22:03 Lehman raising $6B in capital, expects $2.8B loss (Interactive Investor)
NEW YORK (AP) - Lehman Brothers Holdings Inc. on Monday confirmed fears on Wall Street that the credit crisis isn't quite over, and it left investors to wonder if other major investment banks face the same set of risks.
2008-06-09 02:21:52 -
F.H.A. Faces $4.6 Billion in Losses (NYTimes.com via Yahoo! Finance)
The housing agency attributed the unexpected losses to high default rates in its portfolio of home loans.
2008-06-09 02:36:31 -
AG sues Greene County mortgage company (Dayton Daily News)
The Ohio Attorney General's Office has filed a lawsuit against a Greene County mortgage company alleging it has violated Ohio consumer protection laws.
2008-06-09 02:49:01 -
Most U.S. Stocks Fall After Fed Officials Say Rates May Climb (Bloomberg.com)
June 9 (Bloomberg) -- Most U.S. stocks fell, led by banks and technology companies, after speculation the Federal Reserve will raise interest rates overshadowed improving sales at McDonald's Corp. and a rally in energy producers.
2008-06-09 02:49:32 -
Stocks finish widely mixed after Friday's sell-off (Sharewatch)
NEW YORK (AP) - Stocks closed mixed Monday, with Wall Street exhausted from last week's swoon and still nervous about the effect of bank losses and energy costs on the economy.
2008-06-09 02:57:38 -
Politicians line up to support GM workers - Globe and Mail
N Sabo from Port Perry Ontario, Canada writes: Oshawa was a pioneer when cars first started being produced. Instead of trying to fight a losing proposition, why don't you guys on the line figure out a way to produce renewable energy products and get ...
2008-06-06 05:54:00 -
Understanding Insurance, Spotting Predators (Washington Post)
Here are some of the questions I get most often from mortgage borrowers:
2008-06-06 01:38:56