Mortgage and Financial News From 2008-1-22 Page 15

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• Credit crunching: Ohio banks report down quarters

  CNBC - ... Bancorp either lost money in the fourth quarter or saw profits fall substantially due to the challenging credit ... Cleveland-based National City has especially been feeling the pain of mortgage deals gone bad in a severely declining housing market.
  2008-01-22 03:32:00

• Super rush turns into a bad bet

  News.com.au - A bad showing in one asset class will not necessarily be followed in another," he says. Adnan Kucukalic, equities strategist at Credit Suisse, is far more upbeat about what he calls "just ... And that the number of Americans who fell behind on mortgage ...
  2008-01-22 04:07:00

• Wachovia profit falls further than expected

  Reuters - NEW YORK (Reuters) - Wachovia Corp (WB.N: Quote , Profile , Research ), the fourth-largest U.S. bank, on Tuesday said quarterly profit fell a larger-than-expected 98 percent, hurt by a surge in bad loans and credit losses amid mortgage and capital ...
  2008-01-22 11:57:00

• Central banking under microscope as Fed looks for easy way out - Lanka Business Online

  Central banking under microscope as Fed looks for easy way outLanka Business Online, Sri Lanka - 2 hours ago"What began as a contained subprime mortgage problem in the US has blown up into a full-fledged global credit crunch. And there is no sign yet of when it ...
  2008-01-22 05:34:03

• Recession is still not a certainty - Business Spectator

  Recession is still not a certaintyBusiness Spectator, Australia - 2 hours agoOn just about every front, he sees bad things, from further sharp declines in housing prices and their related negative impact on consumer spending, ...
  2008-01-22 05:36:43

• Local financial planners advise calm, remain optimistic - Tuscaloosa News (subscription)

  Local financial planners advise calm, remain optimisticTuscaloosa News (subscription), AL - 1 hour agoBy Matt Hawk Local financial professionals say they understand if people are worried by the seemingly endless stream of bad economic news. ...
  2008-01-22 05:48:20

• Click Here to Read the Entire 2008 State of the State Address - Eyewitness News

  Click Here to Read the Entire 2008 State of the State AddressEyewitness News, RI - 1 hour agorising food and utility prices, rising health care costs and increased mortgage payments - the last thing they need is rising taxes! ...
  2008-01-22 05:50:18

• Bank of America Joins Parade of Mortgage-Related Losses - New York Times

  Bank of America Joins Parade of Mortgage-Related LossesNew York Times, United States - 1 hour agoLike other banks, a huge write-down for bad bets in mortgage-related securities cut deep into earnings. Bank of America, based in Charlotte, NC, ...
  2008-01-22 06:30:13

• Bond insurance crisis looms on Wall Street - ReportonBusiness.com

  Bond insurance crisis looms on Wall StreetReportonBusiness.com, Canada - 54 minutes ago“This rate move should not be bad for credit, given that it will eventually ease any funding burden and hopefully support the growth outlook,” Société ...
  2008-01-22 06:51:40

• Worries That the Good Times Were a Mirage - New York Times

  Worries That the Good Times Were a MirageNew York Times, United States - 51 minutes agoThat helps explain why problems in the American subprime mortgage market could have spread so quickly through the world’s financial system. ...
  2008-01-22 06:54:13

• Stock shocks - Khaleej Times

  Stock shocksKhaleej Times, United Arab Emirates - 39 minutes agoBY WILLIAM REES-MOGG HOW bad will the recession become? Since last August, when the first signs of the sub-prime mortgage crisis appeared, ...
  2008-01-22 07:05:52

• Analyst: Apple was going down to $130 no matter what results they ... - MacDailyNews

  Analyst: Apple was going down to $130 no matter what results they ...MacDailyNews - 39 minutes agoGuidance for the next quarter is not an indicator of bad things at Apple, just bad things here in the states. Some analysts acknowledge that we have been in ...
  2008-01-22 07:06:00

• Apple's Profits Soar, Stock Dips - Hartford Courant

  Apple's Profits Soar, Stock DipsHartford Courant, United States - 38 minutes agoAmbac Financial Group Inc. booked a massive loss Tuesday as mortgage-related troubles spread, but the bond insurer assured investors that it remains a ...
  2008-01-22 07:07:20

• Inflation Overshadowed - LIVENEWS.com.au

  Inflation OvershadowedLIVENEWS.com.au, Australia - 36 minutes ago"Monetary-policy settings in Australia are tight rather than loose: mortgage rates and other intermediary lending rates are higher now than they have been ...
  2008-01-22 07:09:37

• Too little, too late - Socialist Worker Online

  Too little, too lateSocialist Worker Online, IL - 22 minutes agoAdd to this more bad news about declining retail sales, the housing downturn, increased unemployment and increasing delinquency rates on credit card, ...
  2008-01-22 07:23:18

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