Mortgage and Financial News From 2008-1-24 Page 13

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• Deal Reached To Jumpstart Economy - WIBW

  Deal Reached To Jumpstart EconomyWIBW, KS - 2 hours agoThe emerging package was already drawing fire from liberal activists and labor unions upset that proposals to extend unemployment insurance and boost food ...
  2008-01-24 05:01:41

• E*Trade posts loss but sees profitable '08 - Guardian Unlimited

  E*Trade posts loss but sees profitable '08Guardian Unlimited, UK - 2 hours agoE*Trade, badly hit last year by losses in its mortgage business, received a $2.55 billion cash infusion from Chicago-based hedge fund Citadel Investment ...
  2008-01-24 05:11:07

• Lynch's State of the State Propsals - Nashua Telegraph

  Lynch's State of the State PropsalsNashua Telegraph, NH - 2 hours agoMORTGAGE ORIGINATORS: This measure would require those who prepare mortgages to be licensed. Lynch said this would protect prospective homeowners from abuse ...
  2008-01-24 05:29:18

• Valley Commerce Bancorp Reports 2007 Results - CNNMoney.com

  Valley Commerce Bancorp Reports 2007 ResultsCNNMoney.com - 1 hour agoNon-interest income increased in 2007 due to increases in earnings on bank-owned life insurance, service charges from deposit customer account relationships ...
  2008-01-24 05:52:04

• Billionaire Wilbur Ross Reportedly In Talks To Acquire Ambac Financial - RTT News

  Billionaire Wilbur Ross Reportedly In Talks To Acquire Ambac FinancialRTT News, NY - 1 hour agoAfter losses on sub-prime mortgage securities, Ambac has tumbled in the past year causing to lose its AAA credit rating at Fitch. The New York Insurance ...
  2008-01-24 05:58:43

• Your tax rebate checks could be mailed in May - Sun-Sentinel.com

  Your tax rebate checks could be mailed in MaySun-Sentinel.com, FL - 1 hour agoBoca Raton mortgage banker Louis D. Spagnuolo said the new guidelines will help South Florida homeowners refinance their mortgages at lower fixed rates. ...
  2008-01-24 06:18:40

• Uncertainty over ratings puts money markets to the test - Financial Times

  Uncertainty over ratings puts money markets to the testFinancial Times, UK - 1 hour ago... insurance may not provide the comfort it once did as the bond insurers face losing their crucial triple-A ratings after losses on mortgage bonds they ...
  2008-01-24 06:25:17

• S. Korean economy grows 1.5 pct in Q4 - 한겨레신문

  S. Korean economy grows 1.5 pct in Q4한겨레신문, South Korea - 59 minutes agoHowever, the service sector grew 0.5 percent, down from 1.8 percent in the third quarter, as the financial and insurance industries sank. ...
  2008-01-24 06:39:41

• Webster May Turn To More Job Cuts - Hartford Courant

  Webster May Turn To More Job CutsHartford Courant, United States - 52 minutes agoSmith said he hoped shutting down the wholesale mortgage division and the anticipated sale of the insurance operations would help in the effort. ...
  2008-01-24 06:46:07

• Economic diversity will weather slump - Sonoma Index-Tribune

  Economic diversity will weather slumpSonoma Index-Tribune, CA - 50 minutes agoThis downturn is fueled by mortgage delinquencies, energy costs, and an overall weakening of the economy nation-wide. However, Cochrane was quick to point ...
  2008-01-24 06:48:09

• Hong Kong shares sharply higher on bargain-hunting after Wall St ... - CNNMoney.com

  Hong Kong shares sharply higher on bargain-hunting after Wall St ...CNNMoney.com - 37 minutes agoProperties and banks led the index higher on hopes lower mortgage rates will boost demand for real estate. Hang Lung Properties, one of the city's top ...
  2008-01-24 07:01:57

• Bush, Lawmakers Agree on Nearly $100 Billion in Tax Rebates - RedOrbit

  Bush, Lawmakers Agree on Nearly $100 Billion in Tax RebatesRedOrbit, TX - 32 minutes agoThis limit locks out much of California, where the median home price is more than $500000 and foreclosures and mortgage delinquencies are sky-high. ...
  2008-01-24 07:06:05

• Complex Financial Trades Worry Economy Watchers - Washington Post

  Complex Financial Trades Worry Economy WatchersWashington Post, United States - 21 minutes agoWhile early estimates put losses from subprime mortgages at $250 billion, the total exposure could be five times greater, mortgage analysts and researchers ...
  2008-01-24 07:17:59

• Allianz looks to assure investors - Financial Times

  Allianz looks to assure investorsFinancial Times, UK - 10 minutes agoRipples from the US mortgage crisis forced banking unit Dresdner Bank to write off €900m ($1.3bn) of asset-valuations, pushing it into an operating loss of ...
  2008-01-24 07:28:49

• New search platform (San Diego Daily Transcript via Yahoo! News)

  Roost, a platform for real estate search, has been launched in partnershop with Multiple Listing Services (MLSs).
  2008-01-24 06:36:41

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