Mortgage and Financial News From 2008-1-22 Page 18

Previous Day: 2008-01-21

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40 41 - 60 61 - 80 81 - 100

• Ambac Reports Loss, Talks With `Potential Parties' (Update6) (Bloomberg.com)

  Jan. 22 (Bloomberg) -- Ambac Financial Group Inc., the first bond insurer to lose its AAA credit rating because of subprime mortgages, is considering ``strategic alternatives'' after posting its biggest-ever loss. The shares jumped 29 percent on optimism the company may be sold.
  2008-01-22 02:21:45

• Fed Cuts Key Interest Rate as Global Markets Drop for Second Day

  Washington Post - Fed Cuts Key Interest Rate as Global Markets Drop for Second Day Sell-Offs on All Major Exchanges ... largest banks and financial companies have been pummeled in recent months by losses linked to risky subprime mortgages. The ...
  2008-01-22 06:42:00

• Bush confident he and Congress can agree on stimulus plan

  San Diego Union-Tribune - Global stock markets extended their shakeout into a second day Tuesday. Media Player The Fed cuts a key interest rate by ... I just wonder how many people, when they got subprime mortgages, knew what they were getting into,” Bush said. Despite the ...
  2008-01-22 01:30:00

• LaSalle parent's earnings drop 95 percent

  Chicago Sun-Times - Net income at Bank of America, the nation’s second-largest bank, dropped to $268 million, or 5 cents per share, in the ... CDOs are complex investments that combine slices of different kinds of risk and are often backed in part by subprime mortgages ...
  2008-01-22 02:27:00

• Bank of America, Wachovia Crushed

  Forbes - Banks have had to cut the value of bonds and debt backed by mortgages and other consumer loans that have seen soaring defaults recently. “We took active and prudent steps in the second half of the year to deal with the market disruption and credit ...
  2008-01-22 03:24:00

• Bank of America and Wachovia profits nearly wiped out

  International Herald Tribune - NEW YORK : Bank of Americaand Wachovia, the second- and fourth-largest U.S. banks, said on Tuesday quarterly profits were ... We hope we don't see further spillover from mortgages into other consumer lending, including credit cards and auto loans, and ...
  2008-01-22 02:27:00

• Global stocks fall as U.S. recession fears grip

  MSN UK News - LONDON (Reuters) - Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and ... from Bank of America later, anxious to see if there are further writedowns related to exposure to risky mortgages. U.S ...
  2008-01-22 03:46:00

• Big banks announce writedowns that swell total to $120bn

  Guardian Unlimited - Profits at the US's second and fourth largest banks, Bank of America and Wachovia, have been all but wiped out by the ... But their more recent move into insuring financial instruments based on sub-prime mortgages has raised fears that they are ...
  2008-01-22 05:40:00

• Sector Glance: Investment Banks rise

  CNBC - The weakness in credit markets led investment banks to reduce the value of portfolios holding bonds and debt backed by mortgages by billions of dollars during the second half of 2007. Shares of Bear Stearns Cos. and Morgan Stanley were among the top ...
  2008-01-22 01:23:00

• Rate cuts expected as governments try to calm markets

  Guardian Unlimited - In the first quarter, growth will be negative and the Fed is struggling to keep it in positive territory for the second quarter." Defaults on so-called sub-prime mortgages in America kicked off the crisis, causing a slowdown in consumer spending and ...
  2008-01-22 04:07:00

• Bank of America proftis plunge 95% as the credit crunch tightens its ...

  Times Online - Bank of America reported fourth-quarter net income of $268 million (£136 million) yesterday, down from $5.26 billion a year earlier, as the country's second-biggest bank wrote down the value of investments in sub-prime mortgages by $5.28 billion, 76 ...
  2008-01-22 05:33:00

• Commercial property fund investors face continued slide in asset ...

  Times Online - ... pain as prices of shops and offices continue to slide, but the market is expected to start to bottom out in the second half ... Also in Property & Mortgages
  2008-01-22 03:46:00

• Stocks Drop But Crash Avoided - CNBC

  Stocks Drop But Crash AvoidedCNBC, NJ - 3 hours ago“Most buyers use 30-year fixed rate mortgages which aren’t directly affected (by the cut). But it affects buyer psychology and that’sa huge thing right now. ...
  2008-01-22 03:37:43

• Bank of America net sinks 95 percent - Daily Times

  Bank of America net sinks 95 percentDaily Times, Pakistan - 3 hours agoOther banks: Bank of America joined Citigroup Inc, JPMorgan Chase & Co and other banks in reporting losses related to leveraged loans, mortgages, ...
  2008-01-22 03:45:22

• 50 simple tips from a year of living the green life - AZ Central.com

  50 simple tips from a year of living the green lifeAZ Central.com, AZ - 3 hours agoBoth of these organizations also ensure that worn clothes find a second home overseas or a second life through reprocessing.
  2008-01-22 03:45:37

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40 41 - 60 61 - 80 81 - 100