Mortgage and Financial News From 2008-1-24 Page 9

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  • Bank takes a beating in trader fraud (The Star-Ledger)

    PARIS -- Last Sunday, Société Générale Chief Executive Daniel Bouton got the call every banking chief dreads.
    2008-01-24 09:43:23

  • (AFX UK Focus) 2008-01-25 05:37 GMT: Hong Kong shares end morning higher on bargain-hunting after Wall St rise UPDATE (Interactive Investor)

    HONG KONG (Thomson Financial) - Hong Kong shares finished Friday morning session sharply higher as investors sought bargains after yesterday's closing fall and Wall Street's extended gains overnight.
    2008-01-24 09:46:17

  • Wall St. sends Europe stocks surging

    CNN - A broker reacts as he sits at his desk on the trading floor at Charles Stanley in London. ... Worries about fallout from the U.S. mortgage market woes were reawakened in Hong Kong on news that Societe Generale said it ...
    2008-01-24 06:11:00

  • Broker Action For Thursday, Jan. 24

    Forbes - Business News Bulletin Broker Action For Thursday, Jan. 24 Andrew Farrell 01.24.08, 11:05 AM ET ... Prospects are improving for troubled Thornburg Mortgage (nyse: TMA - news - people ), said a Citigroup analyst
    2008-01-24 08:34:00

  • ICAP Sees Record Profit as Debt Turmoil Spurs Trading (Update6)

    Bloomberg - The broker gained the most ever, jumping as much as 13.2 percent to 6.61 pounds. The collapse of the U.S. subprime mortgage market that triggered $133 billion of writedowns and credit losses on Wall Street is a boon for companies that ...
    2008-01-24 07:44:00

  • Surviving the mortgage minefield

    MyFinances.co.uk - A broker has hailed the merits of a scheme which is whipping mortgage advisers into shape in a bid to increase borrowers' knowledge and confidence. The Financial Services Authority's (FSA) treating customers fairly (TCF) initiative compels all ...
    2008-01-24 03:12:00

  • Refinancing lures, isn't easy

    Cincinnati Enquirer - Herthel, a mortgage broker with AFS Mortgage of Blue Ash, said he believes fewer than 25 percent will likely qualify for a lower rate. "The lower rates are great, but again, because qualifying criteria have changed, it's not as great as it seems," he ...
    2008-01-24 02:15:00

  • Tracker mortgages are snapped up

    MyFinances.co.uk - Tracker mortgages are proving so popular with borrowers that demand could outstrip supply. Mortgage broker John Charcol revealed its top three products in January so far were all bank rate trackers with no early repayment charges (ERC). However, it ...
    2008-01-24 05:14:00

  • Recession-proof your life

    CNN Money - One mortgage broker we talked to said that in the past 8 out of 10 people who walked through the door were able to refi. Today, that number is more like 3 out of 10. So, if you don't have great credit, you want to focus on paying off high-interest ...
    2008-01-24 08:41:00

  • New warning of sharp fall in house prices - Scotsman

    New warning of sharp fall in house pricesScotsman, United Kingdom - 4 hours agoThe supply of loans from specialist subprime lenders has also fallen dramatically in the wake of the United States crisis. t mortgage broker Savills Private ...
    2008-01-24 04:05:25

  • SocGen scandal highlights lax risk management - MarketWatch

    SocGen scandal highlights lax risk managementMarketWatch - 4 hours agoThe subprime-mortgage crisis has shown that several of the largest financial institutions in the world failed to monitor the risks they were taking on. ...
    2008-01-24 04:19:45

  • IndyMac (IMB) Shares Soared Today On Growth & Profitability - StreetInsider.com (subscription)

    IndyMac (IMB) Shares Soared Today On Growth & ProfitabilityStreetInsider.com (subscription), MI - 4 hours agoOn another note, Quicken Loans, a very large mortgage broker told the Detroit Free Press yesterday that its loan volume is at record levels this month.
    2008-01-24 04:25:37

  • E-Trade reports $1.7 billion quarterly loss - MarketWatch

    E-Trade reports $1.7 billion quarterly lossMarketWatch - 4 hours agoCitadel's purchase of E-Trade's asset-backed securities portfolio gave the discount broker much more certainty about the value of its assets, ...
    2008-01-24 04:36:56

  • Exchanges soar on back of turmoil - Telegraph.co.uk

    Exchanges soar on back of turmoilTelegraph.co.uk, United Kingdom - 4 hours ago... the massive increase in volatility has boosted profits at the London Stock Exchange and Icap, the world's largest inter-dealer broker. ...
    2008-01-24 04:37:32

  • Maine Realtors Hoping For 2008 Turnaround - WCSH-TV

    Maine Realtors Hoping For 2008 TurnaroundWCSH-TV, ME - 4 hours agoBroker Ann Wiegel says she expects the sales slump to bottom out by the middle of the year, and then see some improvement. Wiegel says sellers may still ...
    2008-01-24 04:38:17

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