Mortgage and Financial News From 2008-1-21 Page 3

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  • It feels like a recession to consumers, businesses (El Paso Times)

    Economists and politicians can debate all they want about whether the nation is sliding into its first recession in nearly seven years. To Chuck Rizzo, the picture is clear.
    2008-01-21 11:30:32

  • Recession Ahead? (Provo Daily Herald)

    A survey of the gathering storm as consumers pull back and businesses feel the pain Dave Carpenter Economists and politicians can debate all they want about whether the nation is sliding into its first recession in nearly seven years. To Chuck Rizzo, the picture is clear.
    2008-01-21 11:31:51

  • Consumers retrench as economy weakens (Provo Daily Herald)

    NEW YORK -- Joi Freemont, a dentist in suburban Atlanta, doesn't have to look further than her appointment book to tell that people are worried about money.
    2008-01-21 11:32:01

  • Asian markets see further losses

    BBC News - This has prompted banks to tighten their lending policies after losing huge amounts of investments linked to the US housing and mortgage markets. The state of the US economy is crucial for many of Europe's and Asia's biggest companies because it is ...
    2008-01-21 06:10:00

  • Europe feeling effects of U.S. mortgage slump

    AZCentral.com - PARIS - The European economy may be starting to suffer collateral damage from the U.S. subprime mortgage slump. Banks are ... European banks will make it harder for companies and consumers to get loans in the next three months, an ECB survey showed on ...
    2008-01-21 02:57:00

  • Office vacancy rate up

    Charleston Post & Courier - The cooling off of the housing industry is producing less business for mortgage brokers and real estate companies and home builders," Willits said. "Their need for office space has cooled off a bit as a result." While vacancy rates may rise in the ...
    2008-01-21 09:24:00

  • Rising costs and falling demand dampen India’s technology boom

    Times Online - ... the Wall Street bank, last week to close an India-based mortgage capital division sent shivers through the sector, with executives fearing that the sub-prime mortgage woes had reached Indian shores. It came as four of the largest Indian IT companies ...
    2008-01-21 02:00:00

  • Banking sector improves on non-performing loans

    East African Standard - The sector therefore comprised 44 commercial banks, two mortgage finance companies and one non-bank financial institution. The number of forex bureaus remained at 96, Due to improved economic environment, the banking sectors’ total assets expanded ...
    2008-01-21 09:31:00

  • Subprime mortgage failure hurts overall economy

    Vindicator - The subprime mortgage crisis spawned it, but everything from home-equity loans to business lines of credit may be touched ... negative outlooks or reviews for possible downgrade to over 90 percent of homebuilders, 32 percent of restaurant companies ...
    2008-01-21 09:09:00

  • Wall St's earnings outlook darkens: Reuters survey

    Reuters - The survey showed analysts expected S&P 500 companies' first-quarter earnings to grow just 4.0 percent year-on-year in the ... It also unveiled about $16 billion in mortgage-related write-downs and adjustments. (Reporting by Ritsuko Ando; Editing by ...
    2008-01-21 10:21:00

  • Chinese bank shares fall

    Herald-Standard - The subprime woes in the U.S. have raised concerns at home about risks in the domestic mortgage market and prompted selling in banking and real estate companies," said Wang Junqing, an analyst at Guosen Securities in Shanghai. Bank of China, China's ...
    2008-01-21 08:48:00

  • Some companies in position to prosper in frustrated economy

    San Francisco Gate - Financial services companies from investment banks to mortgage writers have been hard hit by souring mortgage loans and have seen their stock prices fall sharply. "Over the next three to 12 months, anyway, we'd say it might be too early," he said of ...
    2008-01-20 03:55:00

  • Financials services companies flattened

    News.com.au - Allco boasts one of the highest debt to equity ratios on the ASX and is geared more than seven times the average of all companies listed on the All Ordinaries Index. Allco was also punished because it has not been able to sell its mortgage ...
    2008-01-21 11:44:00

  • Miserable Monday: Biggest FTSE crash since 9/11 wipes off more than ...

    Daily Mail - In another blow, mortgage companies revealed the biggest monthly fall in lending since records began. The amount handed out in December showed a 25 per cent fall from November at £22.6billion, down £7.3billion. The normal seasonal reduction is ...
    2008-01-21 08:55:00

  • Credit Scare Spreads in US, Abroad - Wall Street Journal

    Credit Scare Spreads in US, AbroadWall Street Journal - 1 hour agoThe next day, Seattle-based Washington Mutual Inc., which reported a fourth-quarter loss of $1.87 billion largely because of mortgage woes, ...
    2008-01-21 09:41:27

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