Mortgage and Financial News From 2008-3-11 Page 12

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  • STARS AND DOGS

    Globe and Mail - ... taking $18-billion in writedowns on bad mortgage-related investments. The bad news is there's probably another $18-billion in writedowns coming, according to Merrill Lynch.
    2008-03-07 03:57:00
  • Bank of England forced to pump £10bn into money markets the day ...

    Daily Mail - The Chancellor faced more bad news today when the Bank of England was forced ... The latest move to combat the global credit crunch came as gloomy economic ... The latest injection of funds comes as new figures from the Council of Mortgage ...
    2008-03-11 06:51:00
  • John Galt Plan Might Save U.S. Financial System: Caroline Baum

    Bloomberg - Credit spreads were blowing out, with tax-exempt municipal bonds out-yielding Treasuries by a record and the spread between Fannie Mae mortgage-backed securities and government bonds hitting a 22 ... times and a government backstop against losses in bad ...
    2008-03-10 12:54:00
  • Currency Currents

    FXStreet.com - After all, they’ve been just as exposed to bad debt and subprime-backed securities as most anyone else. ... Banks already suffering from the credit mess are ...
    2008-03-11 09:43:00
  • Mortgage Marketing

    Colleyville Courier - Numerous Bad Credit resources for those in need. http://www.BadCredit-Saver.com/secrets Mortgage Marketing Newsletters Increase loan production by regularly touching past borrowers, new clients, Realtors and financial professionals with newsletters that ...
    2008-03-09 07:15:00
  • Blackstone Falls In the Red

    Motley Fool - Blackstone has seen a number of its proposed deals go bad this year. On New Year's Day, mortgage servicer PHH (NYSE: PHH ) announced that ... While the timing of the IPO -- weeks away from the start of the credit crunch - caused many to call "bubble ...
    2008-03-11 09:28:00
  • FBI starts criminal probe into Countrywide, reports NY Times

    CNBC - NEW YORK - The FBI has begun a criminal inquiry into the largest U.S. mortgage ... or insider trading connected to loans made to borrowers with subprime credit, the ... Countrywide, drowning in a pool of bad home loans, is in the process of being ...
    2008-03-09 03:07:00
  • Countrywide Said to Be Subject of Federal Criminal Inquiry

    New York Times - ... for suspected securities fraud as part of the continuing fallout over the mortgage ... in connection with loans made to borrowers with weak, or subprime, credit. ... Countrywide, beleaguered by bad home loans, is in the process of selling itself ...
    2008-03-09 02:03:00
  • PROFNET EXPERT ALERTS: Business & Technology

    Forbes - ... many taxpayers overpay their taxes by overlooking just one of tax-saving credit or ... With the mortgage crisis, an impending recession and job losses around the country ... The bad news is that schemes like the one described above are common; the good ...
    2008-03-11 08:17:00
  • Forex - Euro just off record high against dollar on strong ZEW survey

    Forbes - ... by rumours the US Federal Reserve is considering a series of new measures to improve conditions in the credit ... The Council of Mortgage Lenders brought more bad news on the housing market, reporting that the number of loans taken out for house ...
    2008-03-11 05:39:00
  • Treasuries Fall as Stock Gains Damp Demand for Safest Assets

    Bloomberg - ... bond fund, said yesterday the Fed should start buying so-called agency mortgage ... economic problems, more Fed rate cuts in the pipeline and the crisis in the credit ... Insurance Co., Taiwan's second-largest life insurer. ``The market expects bad ...
    2008-03-11 04:56:00
  • Profiting from woes a bad idea

    Baltimore Sun - Once again, it's a bad idea - at least until we know more. ... They certainly don't need a credit counselor trying to sell them other products, as ... of Financial Regulation had fallen far behind in its examinations of mortgage lenders ...
    2008-03-11 05:32:00
  • To fix U.S. credit mess, timing is critical

    Christian Science Monitor - Some experts say policymakers should try to slow down the pace of credit ... Others say banks should get bad loans out in the open as quickly as possible and ... Even typically boring investments – municipal bonds and Fannie Mae mortgage bonds ...
    2008-03-11 08:24:00
  • Stocks Up Sharply After Fed Credit Plan

    Forbes - ... financial markets to help ease the strain from the credit crisis. The Dow Jones industrials surged about 160 points. ... The Fed is basically going to take the bad loans off ...
    2008-03-11 09:57:00
  • Stocks up sharply after Fed credit plan

    Kansas City Star - ... markets to help ease the strain from the credit crisis. The Dow Jones industrials surged about 160 points.The program is part of a worldwide effort to help struggling banks and mortgage ... The Fed is basically going to take the bad loans ...
    2008-03-11 09:57:00