Mortgage and Financial News From 2008-1-11 Page 21

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• US Stocks Tumble on Economic Fears

  CNBC - ... lower Friday, despite hopes for an interest rate cut. Major indexes were at or near their daily lows as investors dumped shares not only of credit card companies but also consumer-sensitive stocks. Neither a deal that rescues troubled mortgage lender ...
  2008-01-11 12:53:00

• Are you ready to take flight?

  Times Online - We did not have large debts, but we did have a big interest-only mortgage to service while paying school fees for our daughters. “The longer you are away, the less you can afford to come back. Property prices here rise faster and you either need to ...
  2008-01-11 02:47:00

• Interest rates decision adds to retail woes

  Daily Telegraph - It is not only retailers. All businesses that rely on the consumer have felt the pain. The Restaurant Group ... Consumers are feeling the pinch as nine interest rate rises over the past two years feed into higher mortgage repayments and higher interest ...
  2008-01-11 04:20:00

• WSJ: Citi May Get Cash From Saudi Prince

  Chicago Tribune - The cash-strapped Citigroup, hurt by the mortgage crisis that boiled up last year, has already gotten $7.5 billion from the Abu ... The deals not only dilute the value of the stock, but also worry some investors who are wary about foreign ownership of U.S ...
  2008-01-11 03:45:00

• Are you ready to take flight? - Times Online

  Are you ready to take flight?Times Online, UK - 1 hour agoInform your UK lender that you are moving abroad as you may need to switch to another type of mortgage, such as a buy-to-let loan, and also change insurance ...
  2008-01-11 03:02:56

• Fed increasingly like to cut interest rates - Malaysia Sun

  Fed increasingly like to cut interest ratesMalaysia Sun, Malaysia - 1 hour agoWith the financial crisis related to the subprime mortgage market storming US equities, and the dollar, analysts are now predicting a rate cut of 50 basis ...
  2008-01-11 03:02:59

• The Week's Top News And Analysis Jan. 7 - 11 - FOXNews

  The Week's Top News And Analysis Jan. 7 - 11FOXNews - 1 hour agoInvestors are too focused on the trivial debate over when, whether and by how much the Federal Reserve will cut interest rates, Fed Gov. ...
  2008-01-11 03:40:26

• Personal Loan Comparisons: What Should I Compare? - American Chronicle

  Personal Loan Comparisons: What Should I Compare?American Chronicle, CA - 1 hour agoHowever, that fee can be explained as a rate and only then compared to other loan types. One of the main issues with these differences is the interest type. ...
  2008-01-11 03:49:14

• So - Where Is The Fed? - HoweStreet.com

  So - Where Is The Fed?HoweStreet.com, Canada - 1 hour agoYet monthly costs were escalating with the price of oil, gasoline, food, and mortgage payments. In the past, any one or two of those situations had been ...
  2008-01-11 03:52:12

• Annaly Mortgage recalibrates to re-ignite profits - BloggingStocks

  Annaly Mortgage recalibrates to re-ignite profitsBloggingStocks - 1 hour agoFor the most part, Annaly has realigned its portfolio to remove credit risk and has a business model that concentrates on managing interest rate and ...
  2008-01-11 03:55:18

• Negative basis hits Hong Kong primary markets - IFR Asia

  Negative basis hits Hong Kong primary marketsIFR Asia, UK - 57 minutes agoThe bumpy ride began about one month ago as the Hong Kong Mortgage Corp (HKMC) bought a US$500m residential mortgage backed securitisation from Korea First ...
  2008-01-11 04:03:04

• Rock’s pension scheme seeks more security for members - The Herald

  Rock’s pension scheme seeks more security for membersThe Herald, UK - 46 minutes agoMortgage lender Paragon is also struggling. It announced yesterday it wanted to raise £287m to keep itself afloat by selling new shares to existing ...
  2008-01-11 04:14:07

• The three unwise men? - Mortgage Introducer

  The three unwise men?Mortgage Introducer, UK - 28 minutes agoOther methods of controlling the continual traffic through the society doors could be through the use of mortgage clubs, packagers or networks. ...
  2008-01-11 04:31:24

• Analysts disect Countrywide buyout - San Jose Mercury News

  Analysts disect Countrywide buyoutSan Jose Mercury News,  USA - 12 minutes agoBy Barbara E. Hernandez By Barbara E. Hernandez Bay Area mortgage professionals said Friday they believe Bank of America's $4 billion purchase of ...
  2008-01-11 04:47:41

• Bank Of America To Buy Countrywide (CBS News)

  Bank of America said it has agreed to buy Countrywide for $4 billion in stock, a deal that both rescues the country's largest mortgage lender from bankruptcy and expands the financial services empire of the U.S.'s largest consumer bank.
  2008-01-11 03:30:02

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