Mortgage and Financial News From 2008-1-18 Page 38

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  • UPDATE 1-WestLB owners set to meet Sunday - sources - Reuters

    UPDATE 1-WestLB owners set to meet Sunday - sourcesReuters - 21 minutes agoUL] are set to meet on Sunday to discuss shoring up the balance sheet of the stricken lender, two sources familiar with the matter said on Friday. ...
    2008-01-18 12:07:08

  • WaMu Seems Ripe For the Picking - TheStreet.com

    WaMu Seems Ripe For the PickingTheStreet.com - 20 minutes ago... provided by a subtangible book value valuation was a key drive in BofA's decision to acquire distressed mortgage lender Countrywide," Hendler wrote. ...
    2008-01-18 12:08:35

  • Clarification: Countrywide loan story - CNNMoney.com

    Clarification: Countrywide loan storyCNNMoney.com - 12 minutes ago... when a home is sold for less than the amount owed on the mortgage, and another 178 agreed to deed their property back to the lender. ...
    2008-01-18 12:16:55

  • Washington Mutual is troubled, but tempting too (Market Watch)

    Washington Mutual is troubled, but tempting too
    2008-01-18 10:08:33

  • 2ND UPDATE: Washington Mutual Swings To Loss; Deal Speculation Mounts (Nasdaq)

    BOSTON (Dow Jones) -- Washington Mutual reported a nearly $2 billion fourth- quarter net loss as the lender continued to struggle in the face of a meltdown in the mortgage industry and questions about its viability.
    2008-01-18 11:36:15

  • Clarification: Countrywide Loan Story (AP via Yahoo! Finance)

    In a Jan. 16 story detailing efforts by Countrywide Financial Corp. to help borrowers manage mortgage payments in 2007, The Associated Press reported that 1,000 customers lost their homes through short sales, when a home is sold for less than the amount owed on the mortgage, and another 178 agreed to deed their property back to the lender.
    2008-01-18 11:58:09

  • Clarification: Countrywide mortgage story (Merced Sun-Star)

    In a Jan. 16 story detailing efforts by Countrywide Financial Corp. to help borrowers manage mortgage payments in 2007, The Associated Press reported that 1,000 customers lost their homes through short sales, when a home is sold for less than the amount owed on the mortgage, and another 178 agreed to deed their property back to the lender. The story should have specified those were figures for ...
    2008-01-18 12:04:19

  • WaMu Seems Ripe For the Picking (TheStreet.com)

    The Seattle bank is increasingly touted as a takeout target after its poor fourth quarter.
    2008-01-18 12:12:27

  • Jupiter Pegs Online Local Advertising At $8.9B In 2012

    WebProNews - ... ocal display and search advertising will grow over the next five years at compound annual growth rates (CAGRs ... These forecasts aren't phenomenal - before all the recent cuts, a decent CD might have guaranteed an interest rate of around four percent.
    2008-01-18 10:29:00

  • Techs, retailers pace gains in Europe

    Marketwatch - U.S. stocks opened higher Thursday with early economic data viewed as solidifying chances of further interest-rates cuts See Market Snapshot.
    2008-01-17 07:31:00

  • Thursday, January 17

    News.com.au - ... in a slight fall in the jobless rate, and is expected to fan fears of another interest ... CREDIT unions are being forced to raise their mortgage rates even if they are not ... equity firm as it faces up to a digital download revolution and slumping CD ...
    2008-01-18 05:35:00

  • Economic turmoil hammers markets

    Vancouver Sun - The Fed is also expected to cut interest rates at the end of the month. President George W. Bush is scheduled this morning to propose a package of financial aid to consumers that could amount to $800 a person, or $1,600 a household. The $60-billion to ...
    2008-01-18 12:42:00

  • European Stocks To Open Modestly Lower, Dollar Unmoved

    FXStreet.com - LONDON (Dow Jones)--European stock prices are set to open modestly lower Friday, but currency rates, bond yields and oil ... The Dow Jones content includes facts, views, opinions and recommendations of individuals and organizations deemed of interest ...
    2008-01-17 11:37:00

  • Forex - Pound falls on weak UK retail sales data

    FXStreet.com - LONDON (Thomson Financial) - The pound dropped sharply after the UK retail sales data showed a fall in December, reminding investors that interest rates are likely to be cut in the UK next month. UK retail sales were 0.4 pct lower on the month in ...
    2008-01-18 02:07:00

  • Bernanke wants to lower rates to bolster economy

    Ironton Online - ... economic rescue measures, including possible tax rebates. Federal Reserve Chairman Ben Bernanke pledged to lower interest rates as ... Coal Grove musician to unveil new CD Sunday COAL GROVE — Steve Shelton remembers he developed a love of music very ...
    2008-01-18 07:22:00

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