Mortgage and Financial News From 2008-1-21 Page 68

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  • Corporate Default Risk Soars to Record on Ambac Ratings Cut

    Bloomberg - Credit-default swaps on U.K. mortgage lender Northern Rock Plc fell today after the British government said it will guarantee a sale of bonds backed by the bank's home loans and gave bidders two weeks to come forward with proposals. The contracts ...
    2008-01-21 02:11:00
  • UPDATE 1-INTERVIEW-U.S. subprime to hurt China banks in 2008

    Forbes - ... year by the snowballing U.S. subprime mortgage ... this year which are not only from home but also abroad," China Merchants Bank Co President Ma Weihua told Reuters in an interview.
    2008-01-21 02:47:00
  • Northern Rock assets to be securitized

    International Herald Tribune - LONDON : The British Treasury said Monday that it would facilitate a sale of the troubled mortgage lender Northern Rock by selling a ... and its adviser Goldman Sachs, Northern Rock would sell bonds backed by the Treasury for a collection of home loans ...
    2008-01-21 02:54:00
  • Search continues for missing man

    Courier-Post - Marital problems led a high-ranking executive of a collapsed subprime mortgage lender to kill his wife inside their home and then jump to his death from the Delaware Memorial Bridge, authorities said Saturday. Meanwhile, searchers continued to look ...
    2008-01-21 03:01:00
  • U.K. Home Prices Fall, Reviving Buyers' Interest (Update1)

    Bloomberg - U.K. Home Prices Fall, Reviving Buyers' Interest (Update1) By Brian Swint ... HBOS Plc, the country's largest mortgage lender, said prices dropped in the fourth quarter, the first three-month decline since ...
    2008-01-21 03:30:00
  • UPDATE 2-Bank of China to take big hit on subprime -paper

    Forbes - ... related investments, a newspaper reported on Monday, sending shares in the lender ... two other state banks would make provisions for all their assets hit by U.S. mortgage ... Back home in Lake Wobegon, where the mood has turned somber. ...
    2008-01-21 12:24:00
  • Historic home won't sell after 3 years - East Anglian Daily Times

    Historic home won't sell after 3 yearsEast Anglian Daily Times, UK - 3 hours agoThe Halifax, Britain's largest mortgage lender, said house prices fell by 1.3% in the last quarter of 2007 compared to the UK average decrease of 0.8%. ...
    2008-01-21 12:40:17
  • Steps to aid homebuyers - The Daily Advertiser

    Steps to aid homebuyersThe Daily Advertiser, LA - 3 hours agoA lender also can help map a plan for saving any cash needed for closing, and steer potential buyers away from mistakes. A big mistake: Buying a car before ...
    2008-01-21 12:52:31
  • HK shares in worst day since 2001, China banks hit - Reuters

    HK shares in worst day since 2001, China banks hitReuters - 3 hours agoHK, told Reuters that the US subprime mortgage crisis and Beijing's economic cooling measures would probably hit banking sector earnings. ...
    2008-01-21 12:56:35
  • Buyers market showing early signs of ending - Assetz News

    Buyers market showing early signs of endingAssetz News, UK - 2 hours agoThis is eventually slowed and we then saw the rate of growth of the Rightmove index decline sharply as the overenthusiastic asking prices of lenders got ...
    2008-01-21 01:25:51
  • Mizuho's Merrill deal a new turn for Japan banks - Guardian Unlimited

    Mizuho's Merrill deal a new turn for Japan banksGuardian Unlimited, UK - 2 hours agoThe Japanese lender, together with Kuwaiti and Korean sovereign funds, will receive convertible preferred shares in Merrill which pay an annual dividend ...
    2008-01-21 01:44:46
  • Euro Falls to Five-Month Low Against Yen; ECB Predicts Slowdown - Bloomberg

    Euro Falls to Five-Month Low Against Yen; ECB Predicts SlowdownBloomberg - 2 hours ago... a senior vice president of currency sales in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest publicly traded lender by assets. ...
    2008-01-21 01:52:45
  • UK HOUSE PRICES FALL 0.8% AS LONDONERS HOLD OUT FOR A KING'S ... - Firstrung

    UK HOUSE PRICES FALL 0.8% AS LONDONERS HOLD OUT FOR A KING'S ...Firstrung, UK - 1 hour ago... in interest rates, adding pressure to lenders to pass on the benefits to borrowers in terms of lower mortgage rates and greater availability of funds. ...
    2008-01-21 02:07:27
  • Corporate Default Risk Soars to Record on Ambac Ratings Cut - Bloomberg

    Corporate Default Risk Soars to Record on Ambac Ratings CutBloomberg - 1 hour agoCredit-default swaps on the Dusseldorf-based lender rose 30 basis points to 160, according to JPMorgan. Credit-default swaps on UK mortgage lender Northern ...
    2008-01-21 02:13:40
  • Win Buys Pocket Group For GBP 4.5 Mln - Quick Facts [WNN.L] - RTT News

    Win Buys Pocket Group For GBP 4.5 Mln - Quick Facts [WNN.L]RTT News, NY - 1 hour agoPK), the UK-based mortgage lender, which was bailed out by the Bank of England, said on Monday that the Tripartite Authorities confirmed their preference to ...
    2008-01-21 02:25:44