Mortgage and Financial News From 2008-8-6 Page 01
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Ford says it has hit salaried worker cuts goal - MSNBC
DEARBORN, Michigan - A top Ford Motor Co. executive said Wednesday the company met its goal of cutting 15 percent of its North American salaried costs by Aug. 1. Mark Fields, Ford's president of the Americas, wouldn't say how many salaried workers ...
2008-08-06 05:17:00 -
AIG Swings To 2Q Loss; $11 Billion In Investment Losses, Write Down - CNN Money
American International Group Inc. (AIG) swung to a second-quarter loss on more than $11 billion in investment losses and a write-down related to its credit default swap portfolio. Shares fell 5.8% in after-hours trading as the insurance giant posted ...
2008-08-06 03:15:00 -
Freddie Mac's 2Q losses far larger than expected - Detroit Free Press
NEW YORK — Freddie Mac said today it swung to a second-quarter loss that was more than three times larger than Wall Street expected as more homeowners fell behind on their mortgage loans. Including preferred dividends, the company said it lost $821 ...
2008-08-06 05:24:00 -
Freddie: Losses soar, dividend slashed - CNN Money
NEW YORK (CNNMoney.com) -- Mortgage finance giant Freddie Mac, in a sign of continuing woes for the housing and financial markets, reported a much bigger than expected second quarter loss and slashed its dividend on Wednesday. Freddie ( FRE , Fortune ...
2008-08-06 11:26:00 -
Credit crisis: After the binge, the mortgage hangover - Daily Telegraph
A decade of cheap credit fuelled by rising house prices came to a shuddering halt last summer when Northern Rock hit the buffers, writes Philip Aldrick The heads of Britain's biggest mortgage lenders may not be trumpeting it from the rooftops, but in ...
2008-08-06 04:34:00 -
Freddie Mac, Time Warner, Ambac are big movers - CNBC
The mortgage financier lost $1.63 a share in the second quarter due to delinquencies and foreclosures, a loss three times larger than expectations. Time Warner Inc., down 5 cents at $14.83 The media company said second-quarter profit fell 26 percent ...
2008-08-06 12:02:00 -
Bank of America says it will add Texas jobs in compliance with pact - WFAA
AUSTIN – Bank of America Corp. says it will create jobs in Texas over the next two years and comply with a state agreement signed by Countrywide Financial Corp., now that the two firms have merged and the bank has assumed the mortgage company's job ...
2008-08-06 01:42:00 -
CapLease Announces Second Quarter 2008 Results - MSN MoneyCentral
Funds from Operations of $0.28 Per Share 1 Declared Dividend of $0.20 Per Common Share Revenues Increased 6%, to $46.1 Million, from the Second Quarter of 2007 Closed a New Three Year $250 Million Term and Revolving Financing Facility Replacing ...
2008-08-06 04:03:00 -
FSA Holdings Second Quarter 2008 Results - MSN MoneyCentral
Financial Security Assurance Holdings Ltd. (the Company), a member of the Dexia group and the holding company for Triple-A bond insurer Financial Security Assurance Inc. (FSA), announced net losses of $330.5 million for the second quarter of 2008 and ...
2008-08-06 08:42:00 -
Real cost of consolidation - Independent
Share DEBT consolidation may seem like a good idea for consumers juggling a mortgage, personal loan and a credit card, but the Financial Regulator has warned homeowners it will cost more in the long term. Debt consolidation combines all your loans ...
2008-08-05 02:45:00 -
Stay bonded to your investments - 7 Days UAE
Dear Graham, I have had a lump-sum investment plan for nearly three years and have been pleased with the performance until recently. My original adviser has explained that present market conditions should improve eventually and as it is a long-term ...
2008-08-05 01:29:00 -
Two Americas: California outlook weakens while most markets improve - Los Angeles Times Blogs
Mortgage insurer PMI Group's latest report on the risk of falling home prices concludes there are "two distinctly different paths" for housing in America right now: most of the nation's housing markets are showing signs of improvement, but bubble ...
2008-08-06 03:37:00 -
Financially savvy - Gainesville Sun
But as the current credit and mortgage crises demonstrate, not everyone is as financially prudent as this 14-year-old from Tuscaloosa — many people are in over their heads with debt and have too little in the way of savings.
2008-08-06 05:03:00 -
Gregory A. Kares Joins the Federal Home Loan Bank of San Francisco ... - PR Inside
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgage loans to people of all income levels and provide credit that supports neighborhoods and communities ...
2008-08-06 04:34:00 -
3 sentenced in Parish Marketing mortgage fraud - KSTP
Three key defendants in a mortgage fraud scheme involving approximately 200 residences and approximately $100 million in loan proceeds were sentenced Tuesday. Kristopher Kenton Robbins, 28, Brandon, S.D., was sentenced to two years in prison and was ...
2008-08-06 05:31:00