Mortgage and Financial News From 2008-1-18 Page 36

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  • IMF Survey Magazine: In the News (IMF)

    Following the recent subprime mortgage crisis in the United States and the resulting global market turmoil, the IMF has recalibrated its work program and launched a number of initiatives with the aim of developing policy proposals both to deal with the present crisis and to improve the Fund's capacity to spot potential trouble spots.
    2008-01-18 12:17:16

  • Outlook 2008 (The world): A case of sniffles (Canadian Business)

    The U.S. is struggling with the worst housing slump since the Second World War. Crumbling home prices and the marked deterioration of hundreds of billions of dollars’ worth of low-quality mortgage debt threatens American consumer spending.
    2008-01-18 12:17:41

  • Construction of New Homes Falls by Largest Amount in 27 Years (WBOC Salisbury)

    WASHINGTON (AP/WBOC) - Construction of new homes fell in 2007 by the largest amount in 27 years.
    2008-01-18 12:17:57

  • Patapsco Bancorp, Inc. Announces 2nd Quarter Earnings (Business Wire via Yahoo! Finance)

    BALTIMORE----Patapsco Bancorp, Inc. , the parent company of The Patapsco Bank, announced earnings of $225,000 or $0.12 fully diluted earnings per share for the six-months ended December 31, 2007 compared to earnings of $715,000 or $0.37 fully diluted earnings per share for the comparable period in the prior year.
    2008-01-18 12:18:00

  • Paulson, Lazear Comments on Economy (Seattle Times)

    Text of the news conference Friday with Treasury Secretary Henry Paulson and Ed Lazear, chairman of the president's Council of Economic Advisers, as transcribed by CQ Transcriptions.
    2008-01-18 12:19:24

  • DANAOS CORPORATION (HEAD OFFICE) (Maritime Global Net)

    Athens, Greece, January 14, 2007 - Danaos Corporation (NYSE: DAC) today announced that it has signed contracts to acquire three 1998 built, 2,200 TEU containerships. These vessels, the Hyundai Progress, the Hyundai Bridge, and the Hyundai Highway were built by Hyundai Heavy Industries.
    2008-01-18 12:22:01

  • Announces 2nd Quarter Earnings (InfoBolsa)

    Patapsco Bancorp, Inc. 18/01/2008 20:18:00 Business Wire Patapsco Bancorp, Inc.
    2008-01-18 12:29:45

  • Patapsco Bancorp, Inc. Announces 2nd Quarter Earnings (Centre Daily Times)

    Patapsco Bancorp, Inc. (OTC, Electronic Bulletin Board: PATD), the parent company of The Patapsco Bank, announced earnings of $225,000 or $0.12 fully diluted earnings per share for the six-months ended December 31, 2007 compared to earnings of $715,000 or $0.37 fully diluted earnings per share for the comparable period in the prior year.
    2008-01-18 12:39:05

  • Fed's Lacker says further rate cuts quite possible (EARTHtimes.org)

    RICHMOND, Virginia (Reuters) - Weaker U.S. growth means more interest rate cuts are quite possible but policy-makers cannot ignore inflation, a top Federal Reserve official said on Friday, reinforcing hopes of another easing later this month.
    2008-01-18 12:39:20

  • Washington Mutual's long-term credit rating downgraded at S&P

    Forbes - ... Mutual Inc.'s long-term counterparty credit rating was downgraded by Standard & Poor's to BBB+ from A-, citing the mortgage lender ... credit cards units' contribution to consolidated earnings is not enough to mitigate the earnings volatility of the home ...
    2008-01-18 07:30:00

  • WestLB owners set to meet Sunday - sources

    Guardian Unlimited - ... to meet on Sunday to discuss shoring up the balance sheet of the stricken lender ... profit despite all the credit market turmoil linked to the U.S. subprime mortgage ... The credit crisis, which started when U.S. home owners were squeezed by falling ...
    2008-01-18 11:40:00

  • NRK. close at least 69-70 would be ok

    Life Style Extra - VAN. I will do it w- hen I get home from.. ... Northern Rock is currently the 5th largest UK mortgage lender, and the largest financial institution based in the North East of ...
    2008-01-18 06:54:00

  • Bush announces $145 billion stimulus package for economy

    International Herald Tribune - Mortgage originators have pushed through questionable loans ... If a bailout is used only the corporate lender will benifit, not the defaulted consumer. The bail out will allow more funds to continue with the same trend of over purchase of home value.
    2008-01-18 10:36:00

  • IndyMac Slips on Downgrade, Investment

    Los Angeles Business Journal - The credit service said the downgrade was due to the Pasadena-based mortgage lender's struggling business and the declining value of its portfolio of home loans. Moody's cut IndyMac's credit rating to “B1” from “Ba2,” and said that IndyMac’s ...
    2008-01-18 12:02:00

  • RAB Posts Slowest Full-Year Profit Growth Since IPO (Update3)

    Bloomberg - Prime Minister Gordon Brown this week said the U.K. is considering acquiring Northern Rock and reselling the mortgage- lender when market conditions recover. ``We firmly believe that Northern Rock is a good company and deserves to survive ...
    2008-01-18 01:25:00

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