Mortgage and Financial News From 2008-2-13 Page 21

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  • Triad Guaranty Inc. Reports $75.0 Million Loss for Fourth Quarter Reflecting Further Deterioration in the Housing and ... (PR Newswire via Yahoo! Finance)

    SALEM, N.C., Feb. 13 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. today reported a net loss for the quarter ended December 31, 2007 of $75.0 million compared with net income of $8.1 million for the same quarter in 2006.
    2008-02-13 05:20:00

  • Morgan Stanley Cuts 1,000 Mortgage Jobs (WJLA-TV Washington D.C.)

    Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.The New York-based company said it will shutter its U.K. business that issues home loans and significantly scale back its mortgage business in the United States.
    2008-02-13 06:05:34

  • Economists: Government payout might only soften the blow (Post-Bulletin)

    WASHINGTON -- Even as President Bush signed a $168 billion stimulus bill Wednesday, kicking off the process of sending billions of dollars in rebates to American taxpayers
    2008-02-13 06:11:23

  • Morgan Stanley to scale back mortgage business, cut 1,000 jobs (Straits Times)

    NEW YORK - MORGAN Stanley on Wednesday said it will cut 1,000 jobs as the second-largest US investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.
    2008-02-13 06:34:04

  • Rebate Checks in the Mail by Spring (Channel 8 San Diego)

    The checks aren't in the mail, but they will be soon. President Bush signed legislation Wednesday to rush rebates ranging from $300 to $1,200 to millions of people, the centerpiece of government efforts to brace the wobbly economy. First, though, you must file your 2007 tax return.
    2008-02-13 06:59:42

  • Why only bank fees in government sights?

    Financial Standard - Why only bank fees in government sights? Thursday, 14 Feb 2008 11:36AM If the government intervention is warranted to ... to make it easier for consumers to swap between home loan providers and put some downward competitive pressure on mortgage interest ...
    2008-02-13 01:40:00

  • Second mortgage, anyone?

    Akron Beacon Journal - Second mortgage, anyone? Published on Wednesday, Feb 13, 2008 The people who ... Why not make these millions available to needy homeowners at little or no interest ... by our corrupt government officials who line their own pockets and are the only ...
    2008-02-13 02:01:00

  • AdWatch: Clinton seeks debates

    Boston Globe - Like why Hillary Clinton has the only health care plan that covers every American, and the only economic plan that ... laid out a plan Wednesday that includes creating a tax credit that would cover 10 percent of homeowners' annual mortgage interest ...
    2008-02-13 02:51:00

  • Jeremy Warner's Outlook: Inflation limits Bank's scope for rate cuts

    The Independent - One is that if interest rates are cut as the markets expect over the next year all ... Having sold a part of its mortgage book last year, the capital position has actually ... Of the other UK banks, only HSBC can reasonably be regarded as well capitalised ...
    2008-02-13 03:27:00

  • UPDATE 2-US financial sector slices 52,500 jobs in 6 months

    Forbes - ... 52,500 jobs in the second half of 2007, revealing the toll of the subprime mortgage ... Reserve, Thompson said, explaining that the U.S. central bank's policies only ... But the end of the technology bubble in 2000, coupled with rising interest rates ...
    2008-02-13 03:56:00

  • How Low Will the Fed Go?

    BusinessWeek - Bernanke & Co. consider how far to cut interest rates, they are getting harangued ... announced it will be forced to write down the value of its mortgage-related ... Louis-based Macroeconomic Advisers, predicts the Fed will cut only another ...
    2008-02-13 03:13:00

  • New borrowers hit as banks hike rates on tracker mortgages

    The Independent - ... will become the latest of the major high street lenders to increase the interest ... in line with the rest of the market, and stressed that the increases would only ... have been inundated with business," Melanie Bien, a director at independent mortgage ...
    2008-02-13 04:31:00

  • Fitch Upgrades GMAC Commercial Mortgage Securities 2001-C1

    Forbes - Fitch Ratings has upgraded two classes of GMAC Commercial Mortgage Securities, Inc.'s mortgage pass-through certificates ... Interest-only class X-1 at 'AAA'; --Interest-only class X-2 at 'AAA'; --$41 million class B at 'AAA'; --$32.4 million class ...
    2008-02-13 10:12:00

  • How to beef up your super

    News.com.au - It's called compounding - the power of earning interest on interest and contributions over time. Second, being ... That's hard with a mortgage and family to feed. The only real option thereafter is to work longer. The earlier you retire, the less time you ...
    2008-02-13 04:53:00

  • Fed Interest-Rate Cuts Fail to Lower Borrowing Costs (Update3)

    Bloomberg - Feb. 13 (Bloomberg) -- The Federal Reserve's interest-rate cuts last month have ... greater compensation for offering credit as losses mount on subprime-mortgage ... It's the only thing they can do.'' Feldstein, who heads the National ...
    2008-02-13 11:38:00

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