Mortgage and Financial News From 2008-1-21 Page 12
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The market meltdown - what you need to know - NEWS.com.au
The market meltdown - what you need to knowNEWS.com.au, Australia - 25 minutes agoDuring a long property boom US banks and other lenders gave money to many people who had low income or no deposit for a home. They got their loans despite ...
2008-01-21 08:03:56 -
Workouts Work Out In Down Markets - Part III - GuruFocus.com
Workouts Work Out In Down Markets - Part IIIGuruFocus.com, TX - 6 minutes agoYou have to ask yourself: Is this a pretty straightforward deal or do the lenders have a zillion ways to back out. The Risk Vs. The Payoff — Assessing The ...
2008-01-21 08:22:56 -
LETTERS: Mortgage mess - Kansas City Star
LETTERS: Mortgage messKansas City Star, MO - 4 minutes agoMortgage brokers are not lenders. They are agents of lenders. Mortgage brokers are salespeople. There is a big distinction between mortgage “brokers” and ...
2008-01-21 08:25:45 -
You might be surprised at financial-aid payoff (USA Today)
Most mundane chores offer some kind of payoff. If you file your taxes, you'll probably get a refund. Clean out the gutters, and the basement won't flood the next time it rains. Organize your dresser drawers, and you'll avoid a repeat of that embarrassing Monday when you showed up for an important meeting wearing one brown and one black sock.
2008-01-21 06:41:23 -
Market meltdown - what you need to know (The Mercury)
BILLIONS of dollars have been wiped off global share markets since the beginning of the year as investors panic in the face of an economic slowdown.
2008-01-21 07:00:00 -
Horror day for stock market (News Interactive)
THE local stock market has been battered today as investors lose billions in investments as fears grow of a global stock-market crash.
2008-01-21 07:26:00 -
For Ex-Trader, Sinking Feeling Is Reassuring (NYTimes.com via Yahoo! Finance)
After four years of trading subprime mortgages, Jason Rew jettisoned his job at the investment bank Goldman Sachs and founded an off-shore business.
2008-01-21 07:38:59 -
Centro Properties, Centro Retail Drop Amid Concern About U.S. (Bloomberg.com)
Jan. 22 (Bloomberg) -- Centro Properties Group, the Australian owner of U.S. malls struggling to refinance A$3.9 billion ($3.4 billion) in debt, fell to a record in Sydney trading amid concern the world's largest economy may be sliding into a recession.
2008-01-21 08:20:12 -
LETTERS: Mortgage mess (The Kansas City Star)
Paul Wenske's Jan. 6 article on the mortgage and housing crisis had some excellent observations on the mortgage mess.
2008-01-21 08:23:57 -
Yen Rises to 5-Month High Against Euro as Global Stocks Plunge
Bloomberg - The yen advanced the most against the New Zealand and Australian dollars, targets of the so-called carry trade, as the MSCI World Index of global shares lost the most since 2002 on speculation U.S. government measures and interest rate cuts won't ...
2008-01-21 03:33:00 -
Australian dollar opens weaker below $US0.8600
News.com.au - Macquarie Group associate director of foreign exchange Joanne Masters said high interest rate currencies were battered overnight as sharp equity market falls in Asia and Europe saw risk sentiment wane. The London FTSE 100 index recorded its sharpest ...
2008-01-21 04:59:00 -
Vale confirms talks about Xstrata
Daily Telegraph - However, analysts from MF Global Securities said they expected to see more consolidation in the sector, with interest rate cuts in the USA the catalyst to "kickstart the cycle in the US". Xstrata is in negotiations to buy Australian mining group ...
2008-01-21 05:20:00 -
Stock market bleeds, panic selling
News.com.au - ... the dollar's biggest overnight fall since December 17 when the Australian dollar opened at $US0.8604/09 after closing at $US0.8778/83 on the previous night. Macquarie Group associate director of foreign exchange Joanne Masters said high interest-rate ...
2008-01-21 05:56:00 -
Australian dollar takes huge hit, falls below US86c
News.com.au - Macquarie Group associate director of foreign exchange Joanne Masters said high interest-rate currencies were battered overnight as sharp equity market falls in Asia and Europe saw risk sentiment wane. The London FTSE 100 index recorded its sharpest ...
2008-01-21 05:34:00 -
Eurozone's poor growth outlook sparks concern
Financial Times - Even Mr Almunia, referring to the administration's proposals for a multibillion-dollar fiscal stimulus to accompany interest rate cuts by the US Federal Reserve, said: "I hope that the measures that the US administration and the Federal Reserve adopt ...
2008-01-21 06:03:00
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