Mortgage and Financial News From 2008-7-15 Page 8
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Mortgage reforms will save Canadians from U.S.-style woes - Calgary Herald
Paralleling I-15, it was disused until recently. Now it has a new use, as a parking lot for container railcars. From Wolf Creek, north of Helena, along the track toward Great Falls, thousands of them stretch for 70 kilometres, here and there parked ...
2008-07-14 11:57:00 -
Sensex plunges on global, political fears - Times of India
MUMBAI: Equities opened sharply lower on Tuesday pressured by weakness across the globe as the crisis in the US mortgage market soured sentiment. Apart from global cues, investors back home also worried about inflation, slowing industrial production ...
2008-07-14 10:02:00 -
Downsize Fannie Mae and Freddie Mac - Christian Science Monitor
Americans are little aware of how much they rely on federal assistance to help pay for a home. No longer. The mortgage crisis has finally caught up with two government-backed giants in home finance. Once the crisis passes, it may be time to further ...
2008-07-13 09:17:00 -
Insuring against rate rises - This is North East
ALTHOUGH interest rates usually fall when recession looms, there is no guarantee of that this time. If UK rates rise from here, homebuyers lacking the protection of a long-term fixed rate mortgage could be squeezed. This fear of "what lies ahead" in ...
2008-07-15 12:47:00 -
Bernanke offers a gloomy assessment of economy (International Herald Tribune)
Bernanke avoided the word "recession," noting instead that consumer spending and exports were keeping growth "at a sluggish pace" while the housing sector "continues to weaken."
2008-07-15 08:10:32 -
Credit crunch hangover to continue, say TD economists (Investment Executive)
The recent troubles at U.S. mortgage giants Fannie Mae and Freddie Mac show that the credit crunch is far from over, and looks likely to hang over the economy for some time, say TD Bank economists in a special report released today.
2008-07-15 08:16:13 -
Stocks drop again amid fears about financials (Boston Herald)
Stocks were knocked lower again today as investors grappled with escalating instability in the financial sector and sobering comments from Federal Reserve Chairman Ben Bernanke....
2008-07-15 08:32:00 -
Economy Will Stay Sluggish, Bernanke Tells Congress (NYTimes.com via Yahoo! Finance)
Warning of the risks of a prolonged slowdown and higher inflation, the chairman of the Federal Reserve offered a gloomy assessment that sent markets sliding further.
2008-07-15 08:36:56 -
Number of homes sold falls to lowest rate since records began 30 years ago (Evening Standard)
Britain's housing market suffered a fresh setback today as figures revealed the number of properties sold between April and June fell to the lowest level since records began in 1978.
2008-07-15 08:38:04 -
The Fed: Text of Bernanke testimony (Market Watch)
The prepared testimony of Federal Reserve Chairman Ben Bernanke before the Senate Banking Committee.
2008-07-15 08:40:02 -
Spanish construction firm bankrupt (INO News)
(AP:MADRID, Spain) The bubble that was once Spain's red-hot property market has emitted its loudest pop yet: a real estate company that symbolized an era of easy money sought protection from creditors Tuesday in the largest such filing in the country's corporate history.
2008-07-15 08:45:54 -
Riverview Bancorp Inc. Earns $793,000 in First Quarter; Net Loans ... - MSN MoneyCentral
VANCOUVER, Wash., July 15, 2008 (PRIME NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) today reported that following a $2.75 million addition to its loan loss reserve, net income for the first quarter of fiscal 2009 was $793,000, or $0.07 per ...
2008-07-15 05:12:00 -
WaMu shares plunge 35 percent - Seattle Times
Shares of Washington Mutual slid 35 percent Monday to their lowest level in more than 17 years after IndyMac Bancorp's collapse spurred concern more lenders are vulnerable to bad home loans. WaMu's stock ended regular trading down $1.72 at $3.23 ...
2008-07-15 06:45:00 -
Why do Fannie and Freddie matter to you? (York Daily Record)
Tom Wolf is president of Security Home Mortgage, 910 S. George St., York, and said he has been following the financial woes of mortgage securities companies Freddie Mac and Fannie Mae.
2008-07-15 06:19:06 -
Toronto stocks set to open lower, financials eyed (The Globe and Mail)
TORONTO (Reuters) - The Toronto Stock Exchange's main index is expected to open lower on Tuesday, as persistent worries over the health of the U.S. financial system weighs on the market.
2008-07-15 06:21:14