Mortgage and Financial News From 2008-2-18 Page 9
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'Safest bank in Britain' offers deal no one else can match
Guardian Unlimited - In truth, Northern Rock's mortgages haven't been competitive for several months now as the company allowed its products to become more expensive in the face of rivals cutting their interest rates," said David Hollingworth at mortgage broker London ...
2008-02-18 03:57:00 -
Beloved Telegraph Hill market seeks new owners
San Francisco Gate - It's the best place in the whole city," said Dan Songer, a mortgage broker and regular customer. "It's a great traditional corner store," said Ed Joy, an attorney. "It's like shopping with your friends." The clerks always find time to talk to customers ...
2008-02-18 12:08:00 -
Lloyds, Barclays Rescue British Banks (Forbes)
Rumors of divided payments sends stocks higher despite nationalization of troubled mortgage lender.
2008-02-18 11:08:01 -
Bernanke Turns 10-Year Notes Into Losers as Refinancing Surges (Bloomberg.com)
Feb. 19 (Bloomberg) -- The more Federal Reserve Chairman Ben S. Bernanke cuts interest rates, the less appealing 10-year Treasuries become to investors like Doug Dachille, chief executive officer of First Principles Capital Management LLC.
2008-02-18 12:28:58 -
European stocks rise, Asian markets mixed on U.S. and Canadian holiday (Canadian Business)
The Associated Press February 18, 2008 - 3:07 p.m. A pedestrian, along with a dog, watches an electric market board in Tokyo, Monday. THE ASSOCIATED PRESS/Katsumi Kasahara
2008-02-18 12:30:49 -
Sandler expected to shrink lender (Financial Times)
How will National Rock – as it is inevitably being dubbed – operate now that it is officially under government control?
2008-02-18 02:05:52 -
Durbin Focuses On Foreclosure Problem During Visit To Central Illinois (WEEK-TV Peoria)
The nationwide mortgage meltdown may mean 1,500 local homes will go into foreclosure. A report released today shows Illinois being one of the top five of states with foreclosures.
2008-02-18 02:31:59 -
Foreclosures on Subprime Mortgages (WMBD/FOX 43 Peoria)
WMBD/WYZZ TV - PEORIA -- Senator Durbin is behind a Democratic Foreclosure Prevention Package that would allow home owners to renegotiate their interest only loan terms.
2008-02-18 03:33:53 -
Japan's Bonds May Fall on Concern Rising Stocks to Hurt Demand (Bloomberg.com)
Feb. 19 (Bloomberg) -- Japanese bonds may decline on speculation gains in stock markets will erode demand for the safety of government debt.
2008-02-18 03:59:21 -
Labour may be in big trouble but this is unlikely to be the smoking ...
Times Online - Several companies, including banks, have come under public control in the past 30 years, even if not the full-scale ... Then, in 1984, the Bank of England quickly rescued the banking side of Johnson Matthey and in 1994 the National Mortgage ...
2008-02-18 12:58:00 -
Clinton trolls Toledo seeking votes for wife
Toledo Blade - Clinton has proposed freezing people's mortgage payments for five years by giving governors money to negotiate with mortgage companies. As an example, if a homeowner can afford only 60 percent of the monthly payment, the governor could offer a ...
2008-02-18 02:21:00 -
Small business outlook bleaker, but incentives could perk things up
Jacksonville Business Journal - Investment incentives may perk up businesses [Buffalo] After bailing on mortgage careers, many seek new path [Mpls./St. Paul] 26 Florida companies make Inc. 500 [Orlando] Small business indicators hit their lowest level in 17 years in January, but ...
2008-02-18 08:19:00 -
From a Run on the Bank to the Finish Line
CNBC - Oct. 31 -- Britain's fifth-largest mortgage lender said it continues to work with a number of companies as part of its strategic review and has developed structures to allow it to seek interest from other parties. Oct. 19 -- Northern Rock's chairman ...
2008-02-18 02:06:00 -
More piecemeal mortgage programs won't help
Greenville News - Statistics haven't been released by the mortgage companies regarding how many borrowers have been helped by the rate freeze, the newspaper reported. Truth is, this crisis is too widespread for limited programs to offer much real help. The other truth ...
2008-02-16 10:54:00 -
AP Business NewsBrief at 3:35 p.m. EST
CNBC - British to Nationalize Mortgage Lender news://newsclip.ap.org/D8USS4DG0@news.ap.org LONDON (AP) _ The British government ... China's economy is growing strongly at a time when investors are worried about a slowdown in the United States, and companies ...
2008-02-18 01:27:00
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