Mortgage and Financial News From 2008-1-25 Page 55

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  • E*Trade Reports $1.71 Billion Loss on Mortgage Sales (Update3)

    Bloomberg - E*Trade Reports $1.71 Billion Loss on Mortgage Sales (Update3) By Edgar Ortega Jan. 24 ... E*Trade increased its provision for bad loans, primarily tied to $11.6 billion in home-equity lines of credit, on expectations customers will default on ...
    2008-01-24 03:01:00
  • Economy pact by House leaders, Bush could mean tax rebate checks by ...

    CNBC - The crisis in subprime home loans has hit hard at many lending institutions, cramping credit for almost everyone else ... To address the mortgage crisis, the package raises the limit on Federal Housing Administration loans from $362,790 to as high ...
    2008-01-24 03:15:00
  • Nuthin' But 'Net: There will be blood - MSNBC

    Nuthin' But 'Net: There will be bloodMSNBC - 3 hours ago... branched out into exotic credit derivatives during the last few years. That included insurance for bonds based on mortgage debt, which has now gone bad. ...
    2008-01-25 01:52:37
  • Area home prices fell last month - Louisville Courier-Journal

    Area home prices fell last monthLouisville Courier-Journal, KY - 2 hours ago"I don't feel like it's that bad now," she said yesterday. "Things are continuing to sell, and there are buyers out there." Southern Indiana's median price ...
    2008-01-25 02:43:14
  • Gold Hits New Record Highs vs. Dollar & Euro; South African Mining ... - BullionVault (press release)

    Gold Hits New Record Highs vs. Dollar & Euro; South African Mining ...BullionVault (press release), UK - 2 hours agoThe over-geared mortgage lender suffered the UK's first banking run in 130 years last summer when the global credit crunch first bit. ...
    2008-01-25 02:50:04
  • LESSONS FROM THE CHEFS OF FRENCH BANKING - OpEdNews

    LESSONS FROM THE CHEFS OF FRENCH BANKINGOpEdNews, PA - 2 hours ago"Trading in derivatives with high-yield ratings, and distressed debt" is very nearly a definition of the markets for sub-prime mortgage investments. ...
    2008-01-25 02:56:34
  • SocGen's Risk Mismanagement - Forbes

    SocGen's Risk MismanagementForbes, NY - 2 hours agoBanks have written down more than $100 billion worth of their holdings of complex derivatives tied to the troubled mortgage sector, and now they stand ...
    2008-01-25 03:02:55
  • NFL's grill ban burns tailgaters - Fort Wayne Journal Gazette

    NFL's grill ban burns tailgatersFort Wayne Journal Gazette, IN - 2 hours agoTo its credit, though, the NFL is listening. It might just be because the suits sense an incipient outbreak of bad publicity, but the guy spearheading the ...
    2008-01-25 03:02:59
  • The market's dark days aren't over yet - MoneyWeek (Subscription)

    The market's dark days aren't over yetMoneyWeek (Subscription), UK - 2 hours agoInvestors are finally looking down and seeing how bad things really are. They are realising that the US is in, or nearly in, recession and that the credit ...
    2008-01-25 03:11:03
  • Bond Insurer Bailout Is a Bad Bet - TheStreet.com

    Bond Insurer Bailout Is a Bad BetTheStreet.com - 2 hours ago"Complicated," however, is perhaps understating the fact that some of this insurance provided by these once obscure firms, now at the eye of the credit ...
    2008-01-25 03:28:59
  • Norlarco gets new owners - The Coloradoan

    Norlarco gets new ownersThe Coloradoan, CO - 1 hour agoBY PAT FERRIER The new owner of Norlarco Credit Union is an old friend who tried to bail out Larimer County's largest credit union before federal regulators ...
    2008-01-25 04:08:35
  • US Recession Inevitable? - American Chronicle

    US Recession Inevitable?American Chronicle, CA - 58 minutes agoBy Ki Gray As the sub-prime mortgage scandal continues to play out badly for many US companies, more and more questions have been raised as to whether the ...
    2008-01-25 04:42:25
  • Keep your eye on the big boys, FSA - Money Marketing

    Keep your eye on the big boys, FSAMoney Marketing, UK - 45 minutes agoGood mortgage advice remains good mortgage advice and bad mortgage advice bad, regardless of what the Government thinks, though admittedly the bad advice ...
    2008-01-25 04:55:43
  • Caught in the crash - Sydney Morning Herald

    Caught in the crashSydney Morning Herald, Australia - 40 minutes agoAll the signs suggest we may not have seen the last of the blood on the stock exchange floor, which is bad news for small investors, writes Stuart ...
    2008-01-25 05:00:22
  • When greed meets fear - Sydney Morning Herald

    When greed meets fearSydney Morning Herald, Australia - 40 minutes ago"People have been happy to take the benefits of the last five years and have to understand that there are also bad times. The key factor is not trying to ...
    2008-01-25 05:00:41