Mortgage and Financial News From 2008-8-26 Page 7
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Stuck together (Guardian Unlimited)
Life & style: As living costs rise, jobs are axed and debts escalate, there is a price being paid behind the bedroom door
2008-08-26 04:45:38 -
A&L cuts some mortgage rates (Reuters via Yahoo! UK & Ireland News)
Mortgage bank Alliance & Leicester said it is cutting the rates on some of its home loans.
2008-08-26 04:50:00 -
Freddie, Fannie Rise; Citi Says Capital Is Enough, Growth Slows - Bloomberg
Aug. 26 (Bloomberg) -- Freddie Mac and Fannie Mae rose after Citigroup Inc. analysts said they have enough capital to last through the year and the pace of mortgage-related purchases slowed. Fannie advanced for a fourth day, climbing 8.7 percent on ...
2008-08-26 10:27:00 -
Goldman sees options before Fannie, Freddie takeover - Reuters
WASHINGTON (Reuters) - The U.S. Treasury Department could take several steps to buttress Fannie Mae and Freddie Mac before taking direct take control of the mortgage finance companies, according to a report released by Goldman Sachs on Tuesday. Last ...
2008-08-26 09:51:00 -
S&P cuts Fannie, Freddie preferred ratings - Reuters
NEW YORK, Aug 26 (Reuters) - Standard & Poor's on Tuesday said it lowered subordinated debt and preferred stock ratings of Fannie Mae and Freddie Mac on speculation the securities may not draw support of the government in a bailout of the largest U.S ...
2008-08-26 02:09:00 -
Fannie, Freddie pull out of New York subprime market - Newsday
Mortgage finance giants Fannie Mae and Freddie Mac have decided to pull out of the New York subprime market - a move criticized yesterday by area housing advocates. The companies said their decisions stemmed from a recently passed state law that's ...
2008-08-26 10:27:00 -
Credit crisis takes toll on London - Financial Times
Eighteen months ago, the City of London was riding high. Companies flocked from all over the world to take advantage of London’s principles-based regulation and wide investor base. The mood on Wall Street was more embattled. The subprime mortgage ...
2008-08-26 09:51:00 -
Citi optimism boosts Fannie and Freddie - Financial Times
Shares in Fannie Mae and Freddie Mac surged on Tuesday after Citigroup analysts said the two government-sponsored mortgage financiers could withstand losses up to the end of the year and an imminent government rescue was unlikely. Brad Ball, analyst ...
2008-08-26 09:58:00 -
BNR: The annual growth rate of population and firms crediting slowed down to 55.8 pc in July (Nine O'Clock)
The annual growth rate of the credits granted by banks to population and firms has slowed down significantly in July, to 55.8 per cent, from 63.4 per cent in June, on the background of the fall of the volume of loans in foreign currency compared to the previous month, the National Bank of Romania (BNR) announced yesterday in a press release.
2008-08-26 02:37:23 -
Hit us with a tax and the public will pay for it, energy chiefs say (Times Online)
The energy industry has claimed that the public would bear the brunt of a windfall tax, giving warning that there was serious risk of bills going up.
2008-08-26 02:38:14 -
US close: Dow holds early gains (ShareCast)
LONDON (SHARECAST) - US blue chips held onto their early gains helped by some better-than-expected economic data. The Conference Board's consumer confidence index rose to 56.9 in August, up from a revised 51.9 in July. Expectations were of a slight increase to 52.4.
2008-08-26 02:41:41 -
Stocks mixed on higher oil, consumer data (INO News)
(AP:NEW YORK) Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about rising inflation added to the market's uneasiness.
2008-08-26 02:46:31 -
Nations Signature Closers Utilizes Encomia eDisclosures (Business Wire via Yahoo! Finance)
HOUSTON----Encomia, a provider of end-to-end eMortgage technology, announced today that Shawnee Mission, Kan.-based Nations Signature Closers, Inc. , a real estate notary and attorney signature signing company and provider of property information services to national and regional mortgage and title insurance companies, now utilizes Encomia eDisclosures.
2008-08-26 03:21:00 -
Consumers support windfall tax (Times Online)
An exclusive survey for The Times suggests that an overwhelming majority of the public would support calls for a windfall tax.
2008-08-26 03:23:59 -
Fear of Defaults After a Flurry of Apartment House Sales (New York Times)
The recent disclosure that the owners of Riverton Houses, a 1,228-unit apartment complex in Harlem, might default on their loan has shocked the real estate industry.
2008-08-26 03:29:27