Mortgage and Financial News From 2008-2-15 Page 38

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  • Natixis Drops After Subprime Writedowns Cut Profit (Update3) - Bloomberg

    Natixis Drops After Subprime Writedowns Cut Profit (Update3)Bloomberg - 26 minutes agoRising US subprime-mortgage defaults have led to more than $145 billion in writedowns and loan losses at financial companies globally. ...
    2008-02-15 09:23:28

  • Lessons for Today: Bank Panics and the Great Depression - Wall Street Journal

    Lessons for Today: Bank Panics and the Great DepressionWall Street Journal - 21 minutes ago... parts of banking conglomerates, some of it outside the banks altogether, in mortgage companies, hedge funds, and asset-backed securitization pools. ...
    2008-02-15 09:28:45

  • Stocks Decline on Economic Readings - The Associated Press

    Stocks Decline on Economic ReadingsThe Associated Press - 18 minutes agoThe uncertainty lapping at Wall Street is in part due to the opaque nature of subprime mortgage loans. Many of the loans, which are now going bad, ...
    2008-02-15 09:30:51

  • Bond insurer FGIC plans to split in two - elEconomista.es

    Bond insurer FGIC plans to split in twoelEconomista.es, Spain - 16 minutes agoThe bond insurer's owners include mortgage insurer PMI Group Inc and private equity firms Blackstone, Cypress Group and CIVC Partners LP. ...
    2008-02-15 09:33:16

  • FII flows: Extreme risk aversion takes its toll - Livemint

    FII flows: Extreme risk aversion takes its tollLivemint, India - 15 minutes agoConventional mortgage yields have fallen from 6.4% to 5.6% over the same period. The point is that for riskier assets, such as the Baa-rated corporate bonds ...
    2008-02-15 09:34:16

  • Tie up your loose ends before tying the financial knot - Bermuda Sun

    Tie up your loose ends before tying the financial knotBermuda Sun, Bermuda - 12 minutes agoInclude everything, from your rent or mortgage to that fish sandwich you just had for lunch. Fill in the whole year and back out unnecessary expenses. ...
    2008-02-15 09:37:32

  • Countrywide agrees to provide documents - BusinessWeek

    Countrywide agrees to provide documentsBusinessWeek - 11 minutes agoThe lending practices of Countrywide and other mortgage companies have come under scrutiny amid a surge in home loan defaults among borrowers with poor ...
    2008-02-15 09:38:06

  • Web Site Lists Outdated Flood Maps - WFSB

    Web Site Lists Outdated Flood MapsWFSB, CT - 4 minutes agoThe information is also aimed at benefiting existing homeowners and mortgage companies determine whether flood insurance is necessary. ...
    2008-02-15 09:45:21

  • Stocks Decline on Economic Readings (AP via Yahoo! Finance)

    Stocks fell for second day Friday after lackluster economic readings offered investors little incentive to put down big bets ahead of a long weekend.
    2008-02-15 09:26:07

  • Shop, Bag and Pay - All in the Cart (R News)

    There's another way to scan, shop and pay for groceries at a Perinton supermarket. Martin's Super Food Store at Perinton Square Mall introduced the EasyShop System. Just scan your Martin's or Tops Bonus Card at the display at the store entrance, pick up a scanner and you're ready to shop.
    2008-02-15 09:28:31

  • Bond insurer FGIC plans to split in two (Reuters via Yahoo! News)

    FGIC Corp, a bond insurer that has lost its top credit ratings, has told New York regulators it wants to split into two companies, a spokesman for the state insurance regulator said on Friday.
    2008-02-15 09:29:11

  • Clinton Campaign Kicks off in Ohio (Friday, February 15) (WCPN Cleveland)

    Coming off of eight recent losses to Barack Obama in various nominating contests, Hillary Clinton is putting on a full campaign press in Ohio -- a must-win state if she is to remain viable as a Democratic candidate. ideastream® politics reporter Kymberli Hagelberg reports on the beginning of what looks to be a mini-marathon before the March 4th primary.
    2008-02-15 09:29:13

  • Natixis Drops After Subprime Writedowns Cut Profit (Update3) (Bloomberg.com)

    Feb. 15 (Bloomberg) -- Natixis SA, the French investment bank formed in a 2006 merger, had a record decline in Paris trading after reporting that writedowns linked to U.S. subprime mortgages cut profit by more than 50 percent.
    2008-02-15 09:32:28

  • UBS Posts Huge Loss and Warns About 2008 (NYTimes.com via Yahoo! Finance)

    UBS offered no hope Thursday for a near-term turnaround as it posted an $11.3 billion fourth-quarter loss and warned that 2008 would be a “difficult” year.
    2008-02-15 09:39:59

  • Municipalities Feel Pinch as Another Debt Market Falters (NYTimes.com via Yahoo! Finance)

    Alarmed by the running turmoil in the debt markets, investors have refused to buy certain securities that not long ago many regarded as equivalent to cash.
    2008-02-15 09:40:02

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