Mortgage and Financial News From 2008-4-9 Page 5
Previous Day: 2008-04-08
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S&P Cuts Ratings on Mortgage Insurers (BusinessWeek Online via Yahoo! UK & Ireland Finance)
The agency lowers debt ratings on MGIC, Old Republic, PMI, and Radian amid further deterioration in the housing market
2008-04-09 05:26:51 -
Mortgage applications up 5.4% on week-to-week basis: MBA (Market Watch)
CHICAGO (MarketWatch) -- Mortgage application filings rose a seasonally adjusted 5.4% last week compared with the last week of March, the Mortgage Bankers Association reported on Wednesday.
2008-04-09 04:24:31 -
Couple charged with cruelty to animals (Asbury Park Press)
The man charged with neglecting 64 animals and leaving them to die in an abandoned home had a reputation as an animal lover...
2008-04-09 04:25:36 -
U.S. Index Futures Rebound on Mortgage Report; Citigroup Gains (Bloomberg.com)
April 9 (Bloomberg) -- U.S. stock-index futures recovered earlier losses after a report showed mortgage applications rose 5.4 percent last week. Citigroup Inc. advanced in Germany.
2008-04-09 04:27:53 -
Housing Measures to be Voted On (Time Magazine)
The Senate is working to quickly pass a grab bag of measures aimed at helping homeowners and businesses weather the housing crisis as a key House panel hears from experts on a broader government rescue plan for struggling borrowers
2008-04-09 04:29:59 -
News & Star (The News and Star)
CUMBRIANS are becoming increasingly cautious as the property market witnesses its biggest drop since the 1990s house price crash. Financial experts remain optimistic about the prospects of buying and selling homes in the county – so long as they are for sale at a realistic value.
2008-04-09 04:35:55 -
Citigroup May Sell $12 Billion of Loans, Person Says (Update3) (Bloomberg.com)
April 9 (Bloomberg) -- Citigroup Inc. is in talks to sell $12 billion of loans at a loss to Apollo Management LP, Blackstone Group LP and TPG Inc. as part of an effort to shrink the bank's balance sheet, a person briefed on the matter said.
2008-04-09 04:39:21 -
Bank Cashes In On Home Loans Crisis (SkyNews via Yahoo! UK & Ireland News)
HSBC has taken advantage of its rivals' woes by offering mortgages to people whose fixed-rate deals with other lenders are coming to an end.
2008-04-09 04:40:00 -
Business Briefing - April 9, 2008 (The Morning Call)
STATE HOUSE PASSES MORTGAGE-REFORM BILLS
2008-04-09 04:47:30 -
Greenspan: 'No regrets' over policies (Louisville Courier-Journal)
Former Federal Reserve Chairman Alan Greenspan continued to defend his legacy yesterday, saying he has "no regrets" over Fed policy during his watch.
2008-04-09 01:58:53 -
U.K. Manufacturing Reaches Strongest Level Since 2001 (Update2) (Bloomberg.com)
April 9 (Bloomberg) -- U.K. manufacturing unexpectedly rose for a second month in February to the strongest level since 2001, a sign the weakness of the pound is raising demand for exports.
2008-04-09 02:13:27 -
Pound hits new trough vs euro (Reuters via Yahoo! UK & Ireland News)
Sterling fell to a record of 80 pence per euro on Wednesday, after a slump in consumer confidence added to a gloomy picture of the economy and expectations of an interest rate cut on Thursday.
2008-04-09 02:17:00 -
House prices plummet in U.K. (London Free Press)
LONDON -- Home prices in the United Kingdom fell 2.5 per cent in March, the biggest one-month drop since 1992, a major mortgage lender said yesterday.
2008-04-09 02:33:31 -
Alistair Darling 'optimistic' on UK economy despite IMF warning (Daily Telegraph)
Alistair Darling is standing by his UK growth forecasts for 2008, despite signs that a crippling downturn could be around the corner for the global economy.
2008-04-09 02:33:48 -
Darling on defensive after IMF downgrade (Reuters via Yahoo! UK & Ireland News)
Chancellor Alistair Darling said a move by the International Monetary Fund to downgrade growth forecasts was "not surprising" in the current climate but stressed economic fundamentals were sound.
2008-04-09 02:43:00