Mortgage and Financial News From 2008-1-31 Page 34
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Treasurys rise on data, insurance fears (The Forex Market)
NEW YORK (AP) - Long-term Treasury prices rose modestly Thursday on a combination of new worries about the bond insurance sector and data reports underscoring the depth of the economic slowdown.
2008-01-31 12:43:42 -
U.S. stock-rally momentum builds; Dow up 200-plus points (MarketWatch via Yahoo! Finance)
U.S. stocks post strong gains, reversing sharp losses earlier on, as bond insurer MBIA stems worries in a conference call on its fourth-quarter losses of more than $2 billion.
2008-01-31 12:44:00 -
(AFX UK Focus) 2008-01-31 20:18 GMT: Stocks bounce higher as bond woes ease (Interactive Investor)
NEW YORK (AP) - Stocks turned higher Thursday after concerns eased about hefty losses at bond insurer MBIA Inc. and the prospect of downgrades in the bond insurance industry. The Dow Jones industrials were up more than 100 points.
2008-01-31 12:47:50 -
Stocks bounce higher as bond woes ease (AP via Yahoo! News)
Stocks bounded higher Thursday after concerns eased about hefty losses at bond insurer MBIA Inc. as did fears of potentially ruinous downgrades in the bond insurance industry. The Dow Jones industrials jumped more than 250 points.
2008-01-31 12:51:04 -
CML announces new chairman and deputies
Politics.co.uk - Steven Crawshaw, Group Chief Executive of Bradford & Bingley plc, today becomes the chairman of the Council of Mortgage Lenders for 2008. He succeeds Jon Pain, former managing director of Cheltenham and Gloucester. Mark Parsons, Barclays Managing ...
2008-01-31 08:11:00 -
Market Watch : Fed may be the decider
Hindustan Times - The US Federal Reserve cuts a key interest rate for the second time in nine days to halt the economic slowdown.
2008-01-31 08:11:00 -
Eurozone inflation at 14-year high
Financial Times - Eurozone inflation has surged to a 14-year high of 3.2 per cent, strengthening the European Central Bank’s case for resisting interest rate cuts even as the region’s growth slows. In spite of sharp cuts in US interest rates by the Federal Reserve ...
2008-01-31 08:47:00 -
'It's going to be much worse'
CNN Money - The central bank's second interest rate cut in a week raises the risk of inflation and bails out the banks. NEW YORK (Fortune) -- You might expect Jim Rogers to be gloating a little bit. After all, the famed investor has been predicting a recession ...
2008-01-31 08:11:00 -
Nikkei Escapes Asia Selloff
Street.Com - Property stocks were little changed after the interest rate cut, since most investors had already factored in the U.S. easing. Cheung Kong ( CHEUY - Cramer's Take - Stockpickr ) rose 0.2% to HK$125.70, and conglomerate Hutchison ( HUWHY - Cramer's Take - ...
2008-01-31 08:47:00 -
Market drops before US rate decision
News.com.au - Investors also sold off shares of financial services companies, including insurer American International Group, which had rallied sharply in the past two days on hopes of another interest rate cut. AIG dropped more than 2 per cent. "The Fed ...
2008-01-31 08:11:00 -
14 firms probed over possible fraud linked to subprime loans
Baltimore Sun - Agency officials did not identify the companies under investigation but said the wide-ranging probe, which began in spring 2007, involves companies across the financial services industry, from mortgage lenders to investment banks that bundle home ...
2008-01-31 05:48:00 -
Rate hike more likely after credit binge
News.com.au - Rudd government faces first interest rate hike Biggest annual credit binge since late 1980s New home building sector faces another weak year MOVES by the US to jump-start its faltering economy with another big interest rate cut are unlikely to save ...
2008-01-31 08:11:00 -
Fed cuts interest rates by half-point
Newsday - While yesterday's interest rate cut was welcome, the Fed's blunt new assessment of the economy was sobering for everyone from business owners to people worried about debts to anyone without a job - or fearful of losing one. "Credit has tightened ...
2008-01-31 08:11:00 -
Rate Cuts May Set Table for Refinancing
NPR News - Morning Edition , January 31, 2008 · What does the latest Federal Reserve interest rate cut mean for consumers? It may be a good time to refinance a home mortgage or negotiate for a lower interest rate on credit cards
2008-01-31 08:11:00 -
Call for bail-out agency to unblock frozen mortgage markets
Financial Times - The UK's frozen mortgage markets may need to be unblocked by creating a new agency that could temporarily bail out lenders until conditions in the wholesale money markets improve, according to the IFS. While groups such as the Council of Mortgage ...
2008-01-31 08:47:00
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