Mortgage and Financial News From 2008-4-8 Page 7
Previous Day: 2008-04-07
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Caruana said a key concern now was how credit conditions would fare in a U.S. economic downturn, which is likely to increase delinquencies on a variety of loans.
2008-04-08 08:09:11 -
U.S. Stock-Index Futures Decline; Alcoa, AMD Shares Retreat (Bloomberg.com)
April 8 (Bloomberg) -- U.S. stock-index futures fell after earnings at Alcoa Inc. trailed analysts' estimates and Advanced Micro Devices Inc. said revenue fell short of its forecast.
2008-04-08 06:27:47 -
FOREX-Dollar edges higher as euro rally runs out of steam (Reuters via Yahoo! Singapore News)
NEW YORK, April 8 - The dollar rose against a basket of currencies on Tuesday amid growing views that a sharp economic downturn in the United States could spread to other countries and prompt their central banks to cut interest rates.
2008-04-08 06:27:49 -
London afternoon: Footsie stuck in doldrums (ShareCast)
LONDON (SHARECAST) - Weaker banks are helping keep London in the red, with anticipated losses on Wall Street also limiting buying interest. Housing related stocks remain in the doldrums following a gloomy update on the UK housing market from the Halifax.
2008-04-08 06:29:30 -
Washington Mutual Raises $7 Billion (New York Times)
The nation?s largest savings and loan said that it had raised the funds from a group of investors to shore up its operations. It also said that it would slash its quarterly dividend.
2008-04-08 06:37:45 -
FTSE 100 movers: New boss lifts BT (ShareCast)
LONDON (SHARECAST) - Telecoms giant BT has moved to the top of the FTSE 100 leaderboard on the appointment of Ian Livingston as chief executive elect.
2008-04-08 06:44:00 -
Stocks down on Alcoa, AMD (CNN Money)
Stocks slipped at the open Tuesday as Alcoa's weak results and AMD's profit warning spooked investors at the start of the earnings reporting period.
2008-04-08 06:50:06 -
Washington Mutual Raises $7 Billion (New York Times)
The savings and loan said that it had raised the funds through an investment group led by the private equity firm TPG. It also said that it would slash its quarterly dividend.
2008-04-08 06:57:38 -
Washington Mutual Gets $7 Billion From TPG-Led Group (Update1) (Bloomberg.com)
April 8 (Bloomberg) -- Washington Mutual Inc. , the largest U.S. savings and loan, will receive $7 billion from a group led by David Bonderman's TPG Inc. to replenish capital as it confronts more losses tied to subprime mortgages.
2008-04-08 06:57:49 -
$7bn cash injection for US lender (BBC News)
Washington Mutual, one of the largest US mortgage lenders, gets a cash injection of $7bn from a consortium.
2008-04-08 06:58:34 -
Having your cake and eating it, too (Asbury Park Press)
Most financial decisions require trade-offs. If you want to earn better-than-average returns in the stock market, for example, you need to tolerate above-average risk. Similarly, an adjustable-rate mortgage offers lower initial payments than a fixed-rate mortgage. But if interest rates rise, you and your furniture could end up on the sidewalk.
2008-04-06 04:09:58 -
Where to put your money (CNN Money)
Here are some top tips on how to invest in a volatile market.
2008-04-07 01:05:16 -
Look carefully at reverse mortgages (The Morning Call)
Anyone who's at least 62, has significant equity in a home and has a mortgage that's nearly paid up probably knows by now that they're eligible for a reverse mortgage, thanks to mail solicitations and TV ads that tout their potential advantages.
2008-04-08 01:02:31 -
Ch 2: Certificates of deposit (Bankrate.com)
Get paid to let someone else use your money! Invest in CDs. Savvy investors keep a portion of their portfolio in fixed-income investments where it's not subject to the ups and downs of the stock market.
2008-04-08 04:50:38 -
Pain relief needed (Asia Times)
As the United States faces up to recession, or near recession, disturbing trends are taking shape. Early pain was concentrated in all things housing.
2008-04-08 03:23:33