Mortgage and Financial News From 2008-5-29 Page 4
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This is not a repeat of the Nineties - Times Online
If you ever need evidence that we have never had it so good, just ask an economist. Despite yesterday’s announcement that Britain has just experienced the biggest monthly drop in house prices for 17 years, Fionnuala Earley, Nationwide’s chief ...
2008-05-29 03:33:00 -
Higher arrears and more repossessions forecast - MyFinances.co.uk
2008 will see "more arrears and possessions" than last year in the UK property market, the Council of Mortgage Lenders has warned. The news follows research released earlier today by Nationwide, which finds house prices fell 2.5 per cent in May, and ...
2008-05-29 03:47:00 -
Bank Earnings Fell in First Quarter on Bad Home Loans (Update1) - Bloomberg
May 29 (Bloomberg) -- The Federal Deposit Insurance Corp. said U.S. bank and thrift earnings fell in the first quarter from a year ago, as companies set aside record reserves to cover losses on real-estate loans. FDIC -insured lenders had net income ...
2008-05-29 09:13:00 -
Bad News Banks - Forbes
The number of troubled U.S. banks is rising. The outlook: more pain as the credit crisis enters its second wave. The Federal Deposit Insurance Corp. (FDIC) is now tracking 90 "problem" banks, 18% more than in the fourth quarter and the most in almost ...
2008-05-29 04:59:00 -
Mortgage Mess: Heartburn relief - Seattle Post Intelligencer
Government press releases usually account for dry reading, but the Federal Deposit Insurance Corp. has a page-turner. This agency is critical because it insures the banking system itself. The FDIC reported Thursday that banks have been lowering their ...
2008-05-29 04:23:00 -
Bear Stearns-JPMorgan Chase Deal Set for Vote - The Ledger
NEW YORK - One of the biggest corporate casualties of the global credit crisis, Bear Stearns Cos., is about to vanish into history. The company brought to the verge of bankruptcy amid heavy mortgage-related losses is expected to become part of ...
2008-05-29 04:16:00 -
Barefoot Investor - News.com.au
SIX months ago I stood admiring the Taj Mahal and thanking the holy cows that my driver and I arrived in one piece to see the magnificent monument. THE email read: "My husband and I are in real financial trouble. We are struggling to make our ...
2008-05-29 04:30:00 -
Bad News Banks (Forbes)
The number of troubled U.S. banks is rising. Expect more pain as the credit crisis enters its second wave.
2008-05-29 03:21:35 -
Dollar gains on US growth data, easing oil prices (TurkishPress.com)
The dollar strengthened Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the subprime mortgage crisis.
2008-05-29 03:45:02 -
Beware credit crisis sharks that still lurk (Daily Telegraph)
The worst is over, according to financial luminaries ranging from JP Morgan's Jamie Dimon and Sir Win Bischoff, chairman of Citigroup, to Sir John Gieve, deputy governor of the Bank of England. They are referring, of course, to the credit crisis, rather than to its after-effects on the economy.
2008-05-29 04:16:47 -
Moody's see more bank rating pressure possible (Reuters via Yahoo! UK & Ireland News)
Banks may face further pressure on their debt ratings this year as the credit crisis continues, Moody's Investors Service warned on Friday, although most institutions can manage the downturn at current rating levels.
2008-05-29 06:06:00 -
San Diego's capital markets sluggish; investors in holding pattern (San Diego Daily Transcript via Yahoo! News)
San Diego's capital markets have been sluggish, but a Grubb & Ellis|BRE Commercial report and Jones Lang LaSalle officials say there is still reason for optimism.
2008-05-29 06:09:46 -
Moody's see more bank rating pressure possible (Interactive Investor)
Fri 30 May, 2008 01:06
2008-05-29 06:21:56 -
Proclamation by the President: National Homeownership Month, 2008 (wallstreet:online AG)
For many Americans, owning a home represents freedom, independence, and the American dream. During
2008-05-29 04:04:02 -
US Dollar Rally Extended As Growth, Rate Forecasts Lifted (Daily FX via Yahoo! Finance)
- Euro Tumbles As A Break In Employment Overwhelms Strong Retail Figures - British Pound Weighed Down By Sharp Drop In UK Home Prices
2008-05-29 04:09:15