Mortgage and Financial News From 2008-8-6 Page 2
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AIG May Report Quarterly Profit Plunge on Writedowns (Update2) - Bloomberg
Aug. 6 (Bloomberg) -- American International Group Inc. , the world's biggest insurer, may post second-quarter results that are close to break-even after writedowns tied to the U.S. housing slump cut into earnings from insurance. AIG probably will ...
2008-08-06 01:14:00 -
Symond on the prowl after stepping down - News.com.au
AUSSIE Home Loans founder John Symond is hunting for deals in the non-bank sector worth up to $100 million after stepping back from the chief executive's position and appointing ex-Newcastle Permanent Building Society boss Stephen Porges as his ...
2008-08-06 03:51:00 -
Freddie Mac swings to 2Q loss - Los Angeles Times
NEW YORK -- Freddie Mac today posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages. The losses were concentrated in ...
2008-08-06 03:51:00 -
40 percent of Ind. mortgage brokers lose licenses - CNBC
INDIANAPOLIS - Nearly 40 percent of Indiana's mortgage brokerages lost their licenses Wednesday because they haven't complied with a new law aimed at raising the standards of the industry in a state with one of the nation's highest foreclosure rates ...
2008-08-06 03:30:00 -
Blumenthal sues Countrywide over home lending practices - Danbury News-Times
HARTFORD -- Connecticut Attorney General Richard Blumenthal says the state is suing Countrywide Financial Corp., alleging it misled borrowers into taking on risky home loans they could not afford. Blumenthal announced the lawsuit Wednesday. He ...
2008-08-06 08:42:00 -
Fitch Takes Various Actions on 55 RALI 2005-2007 Alt-A Deals - Businesswire.com
The rating actions taken today reflect Fitch's analysis of expected default and loss from delinquent loans, in addition to projected losses from the currently performing pool. Fitch generates its expectations using its ResiLogic default and loss ...
2008-08-05 02:05:00 -
Rudd forcing Reserve Bank's hand - Nelson - News.com.au
LABOR'S mismanagement has forced the Reserve Bank to consider reducing interest rates to jumpstart the economy, Opposition Leader Brendan Nelson said. Following a meeting of the Reserve Bank, authorities chose not to raise interest rates and ...
2008-08-04 11:32:00 -
Credit crunch hit banks likely to snub any RBA cuts - News.com.au
THE big banks are refusing to guarantee they will pass on cuts in official interest rates as more grim economic news of a slowdown emerged yesterday. New home loans in the first half of 2008 have recorded their weakest start to the year in almost two ...
2008-08-06 01:14:00 -
WCA Waste Corporation Announces Second Quarter 2008 Results - MSN MoneyCentral
* Revenue increased 14.2% to record quarterly level of $52.7 million * Operating income increased 5.8% despite higher fuel costs HOUSTON, Aug. 6, 2008 (PRIME NEWSWIRE) -- WCA Waste Corporation (Nasdaq:WCAA) announced today financial results for the ...
2008-08-06 02:04:00 -
New York Money Market Rate Indications - FXStreet.com
New York Money Market Rate Indications Bankers acceptances at 4:39 p.m. New York time. 1M 2.55 2M 2.70 3M 2.82 6M 3.16 9M 3.28 1Y 3.50 Federal funds: days high 2.09; low 1.84; latest bid 1.87; offered 2.03 prime lending rate at major ...
2008-08-06 01:50:00 -
Why a bust is boom time for happynomics - Financial Times
Let it be said of happiness economists in years to come: “This was their finest hour.” Just as pilots have scrambled their warplanes at other moments of national crisis, well-being experts must now rev up their regression equations to help us ...
2008-08-06 02:11:00 -
State Bancorp, Inc. Announces Settlement of Shareholder Derivative ... - MSN MoneyCentral
JERICHO, N.Y., Aug. 6, 2008 (PRIME NEWSWIRE) -- State Bancorp, Inc. (the "Company") announced today that final approval of the Stipulation of Settlement relating to the previously disclosed shareholder derivative lawsuit was signed by Judge Ira B ...
2008-08-06 12:45:00 -
PRESS DIGEST-Australian General News - Aug 7 - Reuters
Australian Council for Educational Research chief executive Geoff Masters says the country's education system has failed to ensure all students have reached basic literacy and numeracy standards by the time they finish high school. Professor Masters ...
2008-08-06 02:04:00 -
UK - Economy & trade - Financial Times
The International Monetary Fund sent a warning to the British government on Wednesday that it should not try to spend its way out of a slowdown. In a pessimistic report on the UK economy, the IMF’s directors said there was “no room for slippages ...
2008-08-06 12:16:00 -
City finds way to save $300,000 - Fort Payne Times Journal
The Fort Payne City Council suspended its rules Tuesday to quickly take advantage of a refinance offer that is expected to save $300,000 over the next decade. The refinance affects a $10.4 million sewer bond issued in 1996. The city will drop from a ...
2008-08-06 02:11:00