Mortgage and Financial News From 2008-7-15 Page 3

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• BoJ leaves interest rates unchanged - Daily Times

  BoJ leaves interest rates unchanged * Trims growth forecast for current fiscal year to 1.2% from 1.5% TOKYO: Japan’s central bank on Tuesday left its super-low interest rates unchanged as it cut its growth forecast for Asia’s largest economy for ...
  2008-07-15 06:41:00

• Good times are over for the UK as stock markets around the world plummet amid fears over the U.S. economy (Daily Mail)

  Soaring inflation and fears about the safety of the banking system sent share prices plunging in London, Asia and New York yesterday. They also produced a dire warning from a key member of the Bank of England's monetary policy committee.
  2008-07-15 06:07:47

• Lawsuit againt Dell gets class-action status (Austin American-Statesman)

  A federal judge in Oregon has granted class-action status for a lawsuit that claims Dell Inc. underpaid as many as 5,000 of its U.S. call center employees.
  2008-07-15 06:29:56

• Australian market trades lower; Banks rebound (Nasdaq)

  (RTTNews) - The Australian stock market was trading lower Wednesday after Wall Street closed mixed overnight amid continued weakness in the financial sector and a sharp drop in oil prices.
  2008-07-15 06:45:14

• You are currently viewing this from 69.147.86.151 - (Fijilive.com)

  WELCOME GUEST! Real estate agents have reported a drop in property sales in the second quarter of the year, attributed largely to Fiji’s political tensions and unstable economic environment.
  2008-07-15 07:27:32

• Few Answers To Ease Jitters (Hartford Courant)

  Leaders' Calm Tones Collide With Uncertainty The nation's leaders are running out of answers to America's economic crisis.
  2008-07-15 07:30:56

• Asian markets trade lower (Nasdaq)

  (RTTNews) - The stock markets across the Asia-Pacific region have turned mostly lower Wednesday after seeing some strength in early trade following a sharp pullback in crude oil prices.
  2008-07-15 07:45:18

• Fannie, Freddie Drop as Moody's Cuts, Ackman Shorts (Update4) - Bloomberg

  July 15 (Bloomberg) -- Fannie Mae fell the most in at least 28 years and Freddie Mac tumbled after Moody's Investors Service cut the financial strength ratings of the biggest U.S. mortgage- finance companies and said credit losses jeopardize dividend ...
  2008-07-15 01:33:00

• IndyMac takeover doesn't reassure depositors - San Francisco Gate

  The federal takeover of IndyMac Bank over the weekend was supposed to calm depositors, but customers of the Pasadena thrift were lining up outside its Southern California branches on Monday demanding their money back. IndyMac has been bleeding ...
  2008-07-15 03:20:00

• Key developments on housing, mortgage rescue plan - Guardian Unlimited

  Congress is pressing to complete a broad housing rescue package that includes a mortgage aid program for strapped homeowners, modernizes the Federal Housing Administration and creates a new regulator and tighter controls over government-sponsored ...
  2008-07-15 01:33:00

• U.S. mortgage insurers tighten standards-WSJ - Reuters

  NEW YORK, July 15 (Reuters) - U.S. mortgage insurers have tightened their standards, further squeezing potential home buyers, The Wall Street Journal reported on Tuesday. Amid growing defaults, lenders are offering borrowers fewer ways to avoid ...
  2008-07-15 11:10:00

• 188 Foreclosed Homes In Little Rock (FOX 16 Little Rock)

  In central Arkansas, sales for new and existing homes continue to lag behind last year's figures. And now the foreclosure market is picking up business too.
  2008-07-15 03:37:46

• Fed Chairman Says Risks On Inflation, Growth Are Rising (Investor's Business Daily via Yahoo! News)

  Inflation risks have risen even as the economy faces "numerous" difficulties, Federal Reserve chief Ben Bernanke said Tuesday, laying out the central bank's dilemma.
  2008-07-15 03:58:16

• Bank Stocks Slide On Losses, Downgrades (Investor's Business Daily via Yahoo! Finance)

  Now that the U.S. government has become the Mother Teresa of impoverished financial institutions -- showering them with cash, care and other acts of kindness -- folks might wonder how far the charity will extend.
  2008-07-15 04:00:32

• Domestic Bank pays $1.8M in federal complaint (Providence Business News)

  “DOMESTIC BANK remains financially sound. ... This is a great institution with a bright future,” Nathaniel B. Baker, the company’s founder, chairman, president and CEO, wrote in a June 30 letter to customers.
  2008-07-15 04:19:35

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