Mortgage and Financial News From 2008-4-8 Page 2
Previous Day: 2008-04-07
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S&P cuts ratings on mortgage insurers (CNN Money)
Ratings agency slashes credit ratings for MGIC, Old Republic, PMI and Radian due to fears of rising unemployment and falling home prices.
2008-04-08 06:50:06 -
Crawford committee reaches deal with CIBC on three credit default swaps (Canadian Business)
TORONTO - The committee working to restructure $32 billion of frozen asset-backed commercial paper reached a deal Tuesday with CIBC (TSX:CM) regarding three credit default swaps, a condition of the bank's involvement in the restructuring plan.
2008-04-08 07:19:31 -
At Age 17, Ski Resort Has a Troubled Past (and Present) (NYTimes.com via Yahoo! Finance)
Behind the sunset-colored facade of the Peaks Resort, the largest hotel in the tony ski enclave of Telluride, Colo., is a tangled tale of a hotel that couldn’t shoot straight.
2008-04-08 07:39:28 -
Citi Is Said to Be Near Deal to Sell $12.5 Billion of Loans (NYTimes.com via Yahoo! Finance)
Betting that the long-frozen credit markets are starting to thaw, Apollo Management, TPG Capital and the Blackstone Group have agreed in principle to buy about $12.5 billion of loans from Citigroup.
2008-04-08 07:39:29 -
In Justice Shift, Corporate Deals Replace Trials (New York Times)
The Justice Department, once known for taking down giant corporations, has put off prosecuting more than 50 companies suspected of wrongdoing over the last three years.
2008-04-08 07:42:38 -
(AFX UK Focus) 2008-04-09 03:24 GMT: Hong Kong shares open lower on fears of widening credit crisis, U.S. earnings (Interactive Investor)
HONG KONG (Thomson Financial) - Hong Kong shares opened lower on Wednesday, with investors discouraged by an International Monetary Fund (IMF) report of a widening credit crisis and concerns about earnings of U.S. companies.
2008-04-08 07:46:28 -
Feeling betrayed, Greenspan hits back (The Globe and Mail)
WASHINGTON — Alan Greenspan is mad as hell and he's not going to take it any more.
2008-04-08 06:29:15 -
Bollard Says N.Z. Businesses Should Keep Investing (Update2) (Bloomberg.com)
April 9 (Bloomberg) -- New Zealand banks and businesses should avoid slashing lending and investment as the economy slows, Reserve Bank of New Zealand Governor Alan Bollard said.
2008-04-08 06:31:00 -
Feeling betrayed, Greenspan hits back (The Globe and Mail)
Former chief of the U.S. Federal Reserve has embarks on an international public relations blitz to set the record straight about the credit bubble
2008-04-08 06:43:17 -
Advertisement starts (Tiscali)
more tangible results. LONDON (Reuters) - The government will appoint former HBOS chief executive Sir James Crosby on Wednesday to head a working group on ways to improve the functioning of the country’s mortgage markets.
2008-04-08 07:17:42 -
High Finance Laid Low (Washington Post)
Except for oil executives, no group of business leaders is now more resented than the titans of finance -- bankers, traders, hedge fund managers. They are blamed for the housing crisis, global financial turmoil and a possible recession. But this broad indictment, though true, is only half the story. The job of modern finance is to allocate Americans' nearly $2 trillion in annual savings to its ...
2008-04-08 07:17:44 -
Consumer sentiment 'nears 15-year low' (Thursday Magnet)
Australian consumer sentiment has fallen to its lowest level in almost 15 years as households grapple with high interest rates and an uncertain global economy, a survey says.
2008-04-08 07:21:30 -
Dems Split On How To Handle Housing Crisis (KDKA Pittsburgh)
Democrats are split over how to respond to the housing debacle, with House leaders focusing on helping homeowners facing foreclosure while the Senate moves to take care of businesses impacted by the subprime crisis.
2008-04-08 07:45:45 -
The best ways to protect your money today (Money via Yahoo! Finance)
Everywhere you look, bad news abounds. The falling stock market, the floundering economy, tumbling home values, vanishing jobs - it's enough to make you want to hide your money in a lockbox and throw away the key.
2008-04-08 03:01:00 -
Economy - Tuesday (Investor's Business Daily via Yahoo! Finance)
EIA: Gasoline to peak at $3.60
2008-04-08 03:40:56