Mortgage and Financial News From 2007-8-26 Page 5
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Wall Street results face scrutiny for summer meltdown
Reuters - With turmoil in mortgage markets, a corporate credit squeeze and roller-coaster stock prices, investment bank earnings are expected to take ... Business has been bad this summer," said Jon Fisher, who helps manage $1.2 billion for Fifth Third Asset ...
2007-08-26 04:27:00 -
Deutsche Bank sells Australia private-equity unit
Marketwatch - And it comes when the outlook for private equity is cloudy because of the way the U.S. subprime-mortgage crisis has affected the credit markets, the Journal reported.
2007-08-26 04:41:00 -
Investors spurn mortgage industry
Akron Beacon Journal - ... are expected as investment banks try to erase any connection to loans made to borrowers with weak credit. ''The mortgage industry has always viewed Wall Street as fair-weather friends, active when things are good and abandoned when times are bad ...
2007-08-26 11:26:00 -
How the U.S. Mortgage Crisis Affects the Global Market
MSNBC - Spreading things like U.S. mortgage risk around the world was supposed to make us ... mess first rattled global stock markets, financial news has been mainly bad ... In an Aug. 15 report out of London, Credit Suisse warned that the global financial ...
2007-08-26 04:27:00 -
Yes, Housing Will Get Worse. But How Bad?
US News and World Report - Yes, Housing Will Get Worse. But How Bad? Two ways the mortgage mess might play out ... Mortgage credit, the mother's milk of the housing market, suddenly dries up. Unable to secure proper financing, home ...
2007-08-26 04:41:00 -
Leadership lags in credit crisis (The Kansas City Star)
We're in one of those delicate times in economic policymaking when turmoil in credit markets demands a firm and steady hand — one that balances the need to restore confidence without bailing out investors who made bad bets.
2007-08-26 04:01:23 -
Drowning in debt? Lifeguard is credit counseling service (Atlanta Journal-Constitution)
The good news for the Consumer Credit Counseling Service is it's hiring like crazy. The bad news is, it has to do that. Since it set up a new hotline Jan. 31, the Atlanta-based nonprofit has been overwhelmed by desperate homeowners across the country teetering on the brink of foreclosure as the subprime mortgage industry implodes.
2007-08-26 02:28:02 -
Group: Bad credit threatening US economy (El Paso Times)
NEW YORK—Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.
2007-08-26 01:27:17 -
So. Utah lenders feel the sting of national credit crisis
Spectrum - But however the headlines read, the current home mortgage situation in the U.S. is extending its unforgiving, toxic fingers into ... We're just now starting to feel the impact of people who couldn't pay their mortgages once their rates went up," said ...
2007-08-26 10:15:00 -
ECB Keeps Options Open on Rate Hike - Sources
CNBC - ... rate increases in its current cycle. But since then the ECB has intervened repeatedly in euro interbank lending markets to lower soaring commercial interest rates -- a consequence of a global surge in risk aversion due to the U.S. subprime mortgage ...
2007-08-24 01:45:00 -
Wachovia Upbeat On Takeover Of Mortgage Lender (Hartford Courant)
Wall Street is still not convinced that Wachovia Corp.'s $24 billion purchase last year of one of the country's largest mortgage lenders was a smart bet. But bank executives say the doubters are wrong and insist that the takeover is working out just fine.
2007-08-26 07:20:17 -
Mortgage Meltdown Rocks Families (CBS 5 Phoenix)
More and more homeowners and prospective home buyers taste the fast-spreading mortgage crisis that is claiming victims from all income levels and demographic groups. 8:15 a.m.
2007-08-26 03:31:06 -
How to Determine if it's Time to Refinance (Richfield Reaper)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
2007-08-26 03:05:00 -
'Interest rates could come down in the second half'
Business Standard - ... interest rates ... current concerns are about subprime and its expectation on global economic outlook, there is a high probability of commodity price movements downward thereby reducing inflation in India. This essentially could bring down the interest rates ...
2007-08-25 06:30:00 -
Central Bank Keep Money Apart from Inflation
Kommersant - ... the recent years, “yet, characteristics of money supply are still an important reference point to evaluate both current ... It also underlines the fact that “tools of interest rates policy are means of stabilization rather than that of restriction ...
2007-08-26 02:32:00