Mortgage and Financial News From 2008-1-22 Page 19

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  • Who can save America? - Independent

    Who can save America?Independent, UK - 2 hours agoLow introductory interest rates on 1.8 million recent mortgages will expire in the next two years, as well, taking another big chunk out of household ...
    2008-01-22 04:16:50
  • Odds And Ends - New York Daily News

    Odds And EndsNew York Daily News, NY - 2 hours ago"We just got too complex," Michael Callen, interim chief executive, said of his company's foray into bonds backed by risky mortgages. ...
    2008-01-22 04:20:24
  • Credit crunch dulls shine of England's northeast - Guardian Unlimited

    Credit crunch dulls shine of England's northeastGuardian Unlimited, UK - 2 hours agoHedge fund RAB Capital, the bank's second biggest shareholder, estimated Northern Rock saved mortgage borrowers in Britain about 5 billion pounds a year by ...
    2008-01-22 04:23:57
  • Short Term PowerRatings, the Tool Every Short-Term Trader Should ... - Trading Markets (press release)

    Short Term PowerRatings, the Tool Every Short-Term Trader Should ...Trading Markets (press release), CA - 2 hours ago23 (Xinhua) -- The Bank of China, the nation's second largest lender, on Tuesday denied reports that it might post sharply lower profits or even a loss in ...
    2008-01-22 04:30:57
  • Big banks announce writedowns that swell total to $120bn - Guardian Unlimited

    Big banks announce writedowns that swell total to $120bnGuardian Unlimited, UK - 2 hours agoBut their more recent move into insuring financial instruments based on sub-prime mortgages has raised fears that they are facing huge claims. ...
    2008-01-22 04:33:43
  • Analysis: Can government moves stop economic vicious cycle? - Marconews (subscription)

    Analysis: Can government moves stop economic vicious cycle?Marconews (subscription), FL - 2 hours agoIt also could provide some relief to some adjustable-rate mortgages. If people are paying less interest, they may be more inclined to shop, which would help ...
    2008-01-22 04:36:34
  • Fed rate cut fails to halt plunge, Turkish markets relatively calm - Today's Zaman

    Fed rate cut fails to halt plunge, Turkish markets relatively calmToday's Zaman, Turkey - 2 hours agoThe banking industry in the second half of 2007 watched its portfolios shrink by some $135 billion because of losing bets on mortgages. ...
    2008-01-22 04:43:34
  • Bank of China says 2007 net profit rose, even after subprime ... - Trading Markets (press release)

    Bank of China says 2007 net profit rose, even after subprime ...Trading Markets (press release), CA - 1 hour agoOn Monday, the South China Morning Post reported that China's second-biggest bank may post lower profits or even a loss for 2007 should it make a ...
    2008-01-22 05:20:37
  • Hong Kong shares outlook - Higher after Fed, HKMA cut key interest ... - Forbes

    Hong Kong shares outlook - Higher after Fed, HKMA cut key interest ...Forbes, NY - 58 minutes agoPK - news - people ) reported that China's second-biggest bank may post lower profits or even a loss for 2007 should it make a significant writedown on its ...
    2008-01-22 06:01:58
  • Rate cuts expected as governments try to calm markets - Guardian Unlimited

    Rate cuts expected as governments try to calm marketsGuardian Unlimited, UK - 55 minutes ago... 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 ...
    2008-01-22 06:05:08
  • The free-marketeers abhor the crutch of the state - Guardian Unlimited

    The free-marketeers abhor the crutch of the stateGuardian Unlimited, UK - 55 minutes agoIt was the reckless gobbling up and selling on of shaky subprime loans - mortgages given to bad-risk customers - by American banks, and the threat that ...
    2008-01-22 06:05:08
  • Impact fees may be revised in Naples - Bonitanews (subscription)

    Impact fees may be revised in NaplesBonitanews (subscription), FL - 33 minutes agoPresident Bill Klohn has said the mortgages could be reduced to as low as $100000. Naples City Council meets at 9 am at Naples City Hall, Eighth Street ...
    2008-01-22 06:26:56
  • Credit crunch dulls shine of England's northeast (Interactive Investor)

    Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
    2008-01-22 04:55:44
  • Bank of America proftis plunge 95% as the credit crunch tightens its grip (Times Online)

    Bank of America and Wachovia have become the latest retail banks in the United States to report fresh multibillion-dollar writedowns relating to the credit crunch as they reported fourth-quarter profit declines of 95 per cent and 98 per cent respectively.
    2008-01-22 05:37:53
  • Fed's Rate Cut, Market Turmoil Add to Unease Over Economy (The Online NewsHour)

    Amid fears of a U.S. economic downturn, global markets suffered steep losses and the Federal Reserve slashed a key interest rate by three-quarters of a percentage point Tuesday -- its biggest cut in more than 23 years. Financial experts examine why the Fed rolled out the surprise rate cut and the forces behind the market turmoil.
    2008-01-22 05:45:53