Mortgage and Financial News From 2008-1-21 Page 77
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Asian Stocks Fall to Five-Month Low on US Recession Concerns - Bloomberg
Asian Stocks Fall to Five-Month Low on US Recession ConcernsBloomberg - 1 hour agoBank of China, which has the largest holdings among Asian banks of US subprime mortgages, slid 4.7 percent to HK$3.43. The bank may write down 17.5 billion ...
2008-01-20 11:09:30 -
Robb: Central bankers need more discipline with economy - Tucson Citizen
Robb: Central bankers need more discipline with economyTucson Citizen, AZ - 1 hour agoSecond, the securitization of mortgages makes it difficult to know who will bear how much of the cost of an adjustment. Both of these problems will work ...
2008-01-20 11:21:12 -
Asian stocks tumble as US recession fears grow; Shanghai falls 5 ... - Forbes
Asian stocks tumble as US recession fears grow; Shanghai falls 5 ...Forbes, NY - 39 minutes agoBoC has 7.95 billion US dollars worth of investments in securities linked to subprime mortgages in the US, the newspaper said The stock was last down 4.8 ...
2008-01-20 11:46:42 -
House about this for a lucky adverting break? - Belfast Telegraph
House about this for a lucky adverting break?Belfast Telegraph, United Kingdom - 27 minutes ago"Homeowners could potentially save tens of thousands from their mortgages by remortgaging. While securing a mortgage is of crucial importance it doesn't ...
2008-01-20 11:58:23 -
New alarm: Option-ARM 'liar's loans' - Chicago Tribune
New alarm: Option-ARM 'liar's loans'Chicago Tribune, United States - 23 minutes ago"More disturbingly, almost 60 percent of the stated amounts were exaggerated by more than 50 percent," the institute reported, saying the mortgages clearly ...
2008-01-21 12:02:00 -
Can best mortgages be found on Loan.com? - Mortage 101
Can best mortgages be found on Loan.com?Mortage 101 - 23 minutes agoSecond, you can't shop adjustable-rate mortgages (ARMs) effectively, even if your loan is a creampuff, because information is not provided on ARM features ...
2008-01-21 12:02:07 -
Sliding downhill, investors start grabbing bonds - Kentucky.com
Sliding downhill, investors start grabbing bondsKentucky.com, KY - 20 minutes agoFaltering mortgages have made banks hesitant to hand out money for fear that exotic investments made up of bundled home loans could sour. ...
2008-01-21 12:05:22 -
Foreclosed properties piling up - Milwaukee Journal Sentinel (subscription)
Foreclosed properties piling upMilwaukee Journal Sentinel (subscription), WI - 20 minutes agoAt least 92% of the properties were bought by the lenders that wrote the mortgages or second mortgages. Milwaukee Mayor Tom Barrett said he's been working ...
2008-01-21 12:05:23 -
Moneygram in shreds - Trading Markets (press release)
Moneygram in shredsTrading Markets (press release), CA - 14 minutes ago... the country's second-largest money-transfer firm, marked down its investment portfolio, including assets backed by risky subprime mortgages, ...
2008-01-21 12:11:47 -
Malaga Bank expanding beyond The Hill - Daily Breeze
Malaga Bank expanding beyond The HillDaily Breeze, CA - 9 minutes agoThe bank will proceed with the expansion even as the larger financial industry has been reeling from massive losses in sub-prime mortgages that have created ...
2008-01-21 12:16:42 -
Asian stocks tumble as US recession fears grow; Shanghai falls 5 ... - CNNMoney.com
Asian stocks tumble as US recession fears grow; Shanghai falls 5 ...CNNMoney.com - 7 minutes agoBoC has 7.95 billion US dollars worth of investments in securities linked to subprime mortgages in the US, the newspaper said The stock was last down 4.8 ...
2008-01-21 12:18:05 -
Toyota leads Asian equities dfecline to lowest in five months – weak American economy creating a free fall scenario ... (India Daily)
The depression in America is creative massive havoc in Asian economies. The Asian stock market started the sessions of new week with chilling prices and getting ready to free fall from the effects of US markets and economy.
2008-01-20 09:12:14 -
(AFX UK Focus) 2008-01-21 05:13 GMT: Hong Kong shares end morning sharply lower on US recession fears UPDATE (Interactive Investor)
HONG KONG (Thomson Financial) - Hong Kong shares ended the morning session on Monday sharply lower as wary investors remained unconvinced about the US government's plan to avert a recession.
2008-01-20 09:41:04 -
Asian Stocks Fall to Five-Month Low on U.S. Recession Concerns (Bloomberg.com)
Jan. 21 (Bloomberg) -- Asian stocks declined, driving the regional benchmark to a five-month low, on concern the U.S. will enter a recession and slow global growth.
2008-01-20 11:32:01 -
Bank of China shares fall sharply on worries of subprime losses (Servihoo)
Shares in Bank of China (BOC) fell sharply Monday on reports it might post lower profits or even a loss when announcing 2007 results in April, due to writedowns on struggling subprime investments.
2008-01-20 11:54:30
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