Mortgage and Financial News From 2008-1-1 Page 27

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  • Welcome to the 2008

    Lucianne.com - He went back to Vietnam in August 2002 and found the family of the nurse with whom he served back when we were CAP Marines. He returned to his home in Australia to refinance his home and then took the proceeds back to Vietnam, where he had his third ...
    2008-01-01 12:58:00

  • Wall Street wraps up 2007 in a somber mood, though existing home sales ticked up in Nov. (Herald Standard)

    NEW YORK (AP) - Stocks sank Monday as a modest uptick in existing home sales could not lift investors' downcast spirits on the last day of Wall Street's volatile and difficult year. The Dow Jones industrial average fell more than 100 points.
    2007-12-31 09:31:54

  • Wall Street wraps up 2007 in a somber mood, though existing home sales ticked up in Nov. (Savannah Morning News)

    NEW YORK - Stocks sank Monday as a modest uptick in existing home sales could not lift investors' downcast spirits on the last day of Wall Street's volatile and difficult year. The Dow Jones industrial average fell more than 100 points with only a few hours left of trading.
    2007-12-31 10:01:01

  • Some local companies were bashed as the roof fell on the U.S. housing ...

    Raleigh News & Observer - ... quickly in 2008, said Maceo Sloan, CEO of NCM Capital, a Durham investment firm. "We don't know how bad the subprime mortgage ... The stock fell 35 percent for the year. Crescent Financial: The mortgage-related credit crisis spread throughout the ...
    2007-12-31 11:14:00

  • Sales of existing homes edge higher Overall national housing picture ...

    Inside Bay Area - ... of existing homes edge higher Overall national housing picture still in bad ... feeble housing market racked by record-high foreclosures and harder-to-get credit ... A dip in 30-year mortgage rates in November probably helped give nationwide existing ...
    2008-01-01 02:42:00

  • World's top underwriters: Citigroup and Merrill Lynch

    International Herald Tribune - ... by volume and reported fees, despite being at the epicenter of the global credit ... The bad spin is that Wall Street staggered across the finish line, with a lot of ... U.S. mortgage volume ended the year down 12 percent, after being up 3 percent in the ...
    2008-01-01 03:39:00

  • News Minute: Pakistan vote delayed...Deadly bombing in Iraq ...

    WDAM-TV - This Week in Money Money Home For Small Businesses Credit and Debt Insurance Center Real ... Stocks post final loss of the year...Oil prices slip...Mortgage defaults hit record ... Associated Press - January 1, 2008 3:03 PM ET ISLAMABAD, Pakistan (AP) - There ...
    2008-01-01 09:37:00

  • 2008: Global economy to grow at a slower pace, beset by credit crisis and high oil prices (Savannah Morning News)

    NEW YORK - The world economy, buffeted by the credit crisis gripping financial markets, is expected to keep expanding in 2008 - albeit at a slower pace - with little fear of recession. But unlike past economic upswings driven by the U.S., Japan and Western Europe, the main engines of growth this time are predicted to be China, India and other emerging economies.
    2007-12-31 10:00:51

  • Sales of existing homes edge higher Overall national housing picture still in bad shape (Inside Bay Area)

    WASHINGTON — Sales of previously owned homes nudged up in November, but that didn't improve the broader picture of a feeble housing market racked by record-high foreclosures and harder-to-get credit.
    2008-01-01 03:05:40

  • FTSE higher in 2007 but credit crisis pares gains (FT.com via Yahoo! News)

    Alliance & Leicester managed to buck the trend as London market drifted lower on the final trading session of 2007.
    2008-01-01 06:25:07

  • Mortgage Probes Face Hurdles (Washington Post)

    Tangled system of bank regulation makes it tough to prove whether lenders mislead investors.
    2008-01-01 11:30:28

  • For stocks, 2007's bad news just kept coming (Houston Chronicle)

    U.S. stock markets are leaving behind a mediocre 2007 for an uncertain new year. The three major indexes ended the year with single-digit growth that was muted by a credit crisis fueled by turmoil in the U.S. subprime mortgage market, a worsening downturn in the national housing industry, a continued rise in energy prices and weak consumer spending.
    2007-12-31 10:47:17

  • Tax impact of budget would vary widely

    Buffalo News - LOCKPORT — The Niagara County manager’s proposed 2008 county budget says the average property tax increase on a ... Reverse mortgages have critics wary Head of human rights panel resigning Dec. 31 $287,182 grant to fund Arts in Healthcare Bumped ...
    2007-12-21 03:45:00

  • HSBC drops plan for Cambria center

    Buffalo News - CAMBRIA — If HSBC Bank goes ahead with its nearly $1 billion computer center, it apparently won’t be at the site ... Head of human rights panel resigning Dec. 31 Bumped, bruised Hillary puts on a happy face Reverse mortgages have critics wary From the ...
    2007-12-21 08:39:00

  • Fiscal forecast: Few bright spots

    Maine Sunday Telegram - ... recession was in 1990, when banks failed, housing prices dropped sharply, layoffs rose and the economy went into reverse ... That's where the problems caused by a rising number of defaults on subprime mortgages are causing huge losses and have sent ...
    2008-01-01 07:14:00

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