Mortgage and Financial News From 2008-7-7 Page 2
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Japan Bank Lending Rises at Fastest Pace in Two Years (Update1) - Bloomberg
July 8 (Bloomberg) -- Lending at Japanese banks rose at the fastest pace in two years in June, with growth quickening for a sixth straight month as climbing exports to Asian neighbors and higher raw material prices spurred borrowing. Loans excluding ...
2008-07-07 05:24:00 -
IndyMac stops new loans, to cut work force by half - BusinessWeek
Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force ...
2008-07-07 05:10:00 -
U.S. stocks slip on fears financial sector needs money - International Herald Tribune
NEW YORK : Wall Street closed lower on Monday after a wave of concern over mortgage providers' capital adequacy spoiled an early stocks rally triggered by a plunge in commodity prices led by oil. In volatile trading, investors bailed out stocks after ...
2008-07-07 02:04:00 -
Don't let college cost your home - Detroit Free Press
Tapping your home equity to pay for your kids' education is a reasonable move only if you've exhausted all other possibilities. Here's what you should consider long before borrowing against your home: • Make sure your kids max out on student aid ...
2008-07-07 03:44:00 -
Rights issue by Bradford & Bingley will cost £55m to raise just ... - Times Online
Bradford & Bingley (B&B) is heading for one of Britain’s most expensive rights issues with a £55 million bill to raise only £400 million, according to information released to shareholders. In further bad news for investors, the troubled bank’s ...
2008-07-07 03:15:00 -
A reason for hope on the housing front - Minneapolis Star Tribune
"Domestic out-migration of young adults and the consequent decline in natural increase have left communities to depend on foreign immigrants to fill jobs, buy houses and keep up school enrollments." All of those "For Sale" signs on Twin Cities lawns ...
2008-07-07 01:21:00 -
Freddie Mac, Fannie Mae shares, bonds pummeled - Guardian Unlimited
Monday's carnage was only the latest setback for Fannie Mae and Freddie Mac, which each have lost more than three-quarters of their stock market value since last August when a crisis initially believed contained to the subprime mortgage market ...
2008-07-07 02:39:00 -
Recap our live chat on advice for surviving a buyout - Detroit Free Press
Do you need help figuring out what to do next? Are you employed at a plant and want to improve your skills to find a new job? We hosted a live chat at 11 a.m. today with financial and career adviser Eudora Adolph and Joe Petroskey, dean of ...
2008-07-07 01:57:00 -
Jury calls for death penalty in fatal robberies - San Diego Union-Tribune
SAN DIEGO – A jury recommended the death penalty Monday for a 24-year-old man, convicted of two murders during a spate of robberies and shootings nearly four years ago. After deliberating for about a week, the nine-woman, three-man panel ...
2008-07-07 11:19:00 -
Oregon's economy remains weak (BizJournals)
The University of Oregon Index of Economic Indicators again extended its decline in May, falling 0.3 percent to 100.7, based on a 1997 benchmark of 100.
2008-07-07 01:48:05 -
Financial Worries Send Stocks Notably Lower (Nasdaq)
(RTTNews) - After seeing earlier gains, stocks ended Monday's session with notable losses. Weakness within the financial and a pair of big name downgrades led the markets lower, as well as some concerning comments from a Fed official.
2008-07-07 02:00:20 -
Ambac Provides Financial Details Related to Collateral Requirements of Its Investment Agreement Business (Centre Daily Times)
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that in response to persistent and unfounded speculation regarding Ambac's liquidity situation, it has released information about collateral requirements and terminations of its investment agreement business related to recent actions by the rating agencies. "Despite the challenging current environment, it is important for us to ...
2008-07-07 02:47:44 -
Consumer Smarts: Tapping into 401(k) early can have long-term consequences (Seattle Post-Intelligencer)
Tap your 401K only as a last resort.
2008-07-07 03:58:31 -
Credit crunch: Lenders raise cost of home loans despite easing of money market rates (Guardian Unlimited)
Little hope of end to housing slump if cost of mortgages increase further, experts warn
2008-07-07 04:12:04 -
Exclusive: Brown's £7.5bn black hole (Independent)
The Chancellor is facing a £7.5bn black hole in his Budget for next year as a result of the economic downturn, an analysis of Treasury figures for The Independent has found.
2008-07-07 04:15:23