Mortgage and Financial News From 2008-7-3 Page 10
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Paulson Calls for Stronger Regulators (NYTimes.com via Yahoo! Finance)
In London, the Treasury secretary called for a new regulatory system that would allow even large financial institutions to fail without risking a wider market collapse.
2008-07-03 10:37:32 -
Eyes on Inflation, European Bank Raises Rate (NYTimes.com via Yahoo! Finance)
The European Central Bank, spooked by soaring prices for food and fuel, raised interest rates by a quarter point.
2008-07-03 10:37:33 -
Stocks end mixed following jobs, services data (The Washington Times)
Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment.
2008-07-03 10:37:47 -
Euro Falls as Trichet Signals One Rate Increase May Be Enough (Bloomberg.com)
July 3 (Bloomberg) -- The euro fell the most against the dollar in more than two months after European Central Bank President Jean-Claude Trichet signaled that he may not increase interest rates again.
2008-07-03 10:38:26 -
Foreclosures beginning to climb here - Rapid City Journal
Home mortgage foreclosures are climbing sharply in Pennington County and are on pace to eclipse last year's total by the end of September. Pennington County reported 100 foreclosures in 2007, and have already handled 75 this year -- many of which are ...
2008-07-03 06:30:00 -
Freddie Mac seeks "remediation" of another insurer - Reuters
NEW YORK, July 1 (Reuters) - Freddie Mac, the second-largest provider of money for U.S. residential mortgages, said on Tuesday it is giving another stressed mortgage insurer, Republic Mortgage Insurance Co., a chance to prove its worth. A downgrade ...
2008-07-01 09:10:00 -
Radian shares fall too low for NYSE trading - Philadelphia Inquirer
Radian Group Inc., a beleaguered Philadelphia home-mortgage and bond insurer, suffered another blow on Wall Street yesterday. The New York Stock Exchange halted trading in the company's shares after they fell below the exchange's price limit of $1.05 ...
2008-07-02 10:59:00 -
Up Next (CBS News)
What's coming up next on 60 Minutes .
2008-07-03 07:30:01 -
Acmat celebrates growth year at annual meeting (The New Britain Herald)
NEW BRITAIN — The year 2007 was one of the best in Acmat Corporation’s 58-year history, according to chairman, president and chief executive officer, Henry W. Nozko Jr.
2008-07-03 07:45:40 -
Radian Comments on Fundamental Strength of Business (PR Newswire via Yahoo! Finance)
Radian Group Inc. commented today on the recent decline in its stock price and noted several indications of the fundamental strength of its business and improvement in key performance indicators.
2008-07-03 08:47:00 -
S&P Picks and Pans: Abbott Labs, JetBlue, ING, Georgia Gulf (BusinessWeek)
Analyst opinions on stocks making headlines in Thursday's market
2008-07-03 08:51:37 -
Divorce, Foreclosure, and Bankruptcy (US News & World Report)
Making the best of a bad situation.
2008-07-03 08:52:46 -
Woolly risk analysis is hastening a housing crash - Silicon.com
Borrowers have moved from a mortgage feast to a famine so bad that the government has stepped in with a £50bn support package. But there's a better way to ease the situation, argues Steve Boyle.
2008-07-03 06:37:00 -
Banks expect to reduce mortgage lending - MSN UK News
Mortgage availability will continue to fall as lenders tighten their criteria in the face of rising defaults, the Bank of England has said. The Bank of England's Credit Conditions Survey found that a net balance of 47 per cent of lenders had reduced ...
2008-07-03 04:43:00 -
Mortgage lending cuts expected - Croydon Guardian
Mortgage availability will continue to fall in the coming months as lenders tighten the criteria in the face of rising defaults, the Bank of England has said. Banks said they had reigned in mortgage lending during the three months to mid-June, with ...
2008-07-03 06:59:00