Mortgage and Financial News From 2008-1-27 Page 16

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  • Andreas Whittam Smith: Banks invite trouble if they try to ... - Independent

    Andreas Whittam Smith: Banks invite trouble if they try to ...Independent, UK - 17 minutes agoThe "new" idea is a process known as "securitisation", which magically transforms bank loans into tradable securities. But Galbraith was surely right in ...
    2008-01-27 05:16:00
  • Spanish Mortgage Bond Sales to Slow This Year, Moody's Says - Bloomberg

    Spanish Mortgage Bond Sales to Slow This Year, Moody's SaysBloomberg - 8 minutes agoHome loans grew 15 percent last year, the slowest pace in more than a decade, according to the Spanish Mortgage Association. Lenders sell pools of mortgages ...
    2008-01-27 05:24:19
  • Property prices fall as buyers stay away - Telegraph.co.uk

    Property prices fall as buyers stay awayTelegraph.co.uk, United Kingdom - 4 minutes agoStatistics from the British Bankers' Association last week showed that the number of new mortgage loans has fallen to its lowest level since 1997, ...
    2008-01-27 05:28:46
  • Credit woes leave 3m fearing loss of homes - Telegraph.co.uk

    Credit woes leave 3m fearing loss of homesTelegraph.co.uk, United Kingdom - 4 minutes agoHowever, the scale of people's pessimism is understandable, said Tim Moss, the head of loans at MoneySupermarket. "People don't know when the credit crunch ...
    2008-01-27 05:28:46
  • RBC Centura Banks to acquire Alabama National BanCorp. - The Asian Banker (subscription)

    RBC Centura Banks to acquire Alabama National BanCorp.The Asian Banker (subscription), Singapore - 3 minutes agoCommercial mortgage services, including the origination of permanent commercial real estate mortgage loans for various lenders, are provided by Byars and ...
    2008-01-27 05:29:26
  • Woods Wins To Tie Palmer (WHIO-TV 7 Dayton)

    Tiger Wins opens his 2008 season with a victory at the Buick Invitational.
    2008-01-27 05:01:58
  • Japanese Stocks Drop on Concern Banks May Have More Losses (Bloomberg.com)

    Jan. 28 (Bloomberg) -- Japanese stocks dropped after an analyst said Fortis, Belgium's biggest financial-services company, may have further writedowns on subprime-related assets, fueling concern banks will incur more credit-market losses.
    2008-01-27 05:02:39
  • WaMu to stress retail banking (Seattle Post-Intelligencer)

    Washington Mutual plans to put even more emphasis on retail branch banking in 2008, with more locations and new designs.
    2008-01-27 05:05:42
  • Credit woes leave 3m fearing loss of homes (Daily Telegraph)

    Nearly three-million home owners fear that they will have their homes repossessed this year, as the credit crunch starts to cause a "frenzy of fear" among consumers, according to a survey released on Monday.
    2008-01-27 05:19:21
  • Property prices fall as buyers stay away (Daily Telegraph)

    House prices have fallen for the fourth month in a row, according to the latest survey, which highlights the worsening state of the property market.
    2008-01-27 05:19:31
  • U.K. Housing Market Won't Pick Up This Year, Investor Club Says

    Bloomberg - Mortgage approvals dropped to the lowest in at least a decade in December as banks curbed their lending and higher interest rates deterred buyers. To protect its profit margin of about 18 percent, Instant Access has reduced its workforce ...
    2008-01-26 03:55:00
  • Asia Day Ahead: Kerviel Questioned on Societe Generale Loss

    Bloomberg - ... be heading for recession after a drop in house prices prompted a collapse in the subprime mortgage ... Treasury notes gained a sixth straight week, and 10-year yields touched the lowest since 2003, as the Federal Reserve cut interest rates in an ...
    2008-01-27 01:17:00
  • Global Recession Risk Grows as U.S. `Collateral Damage' Spreads

    Bloomberg - The meltdown of the U.S. subprime-mortgage market has pushed up credit costs ... urged the Bank of Japan to cut its benchmark interest rate, already the lowest in ... Japan as well,'' Yamamoto said in a Jan. 23 interview. ``The BOJ should cut rates ...
    2008-01-27 03:54:00
  • Fed expected to cut rates again this week

    International Herald Tribune - ... scheduled two-day meeting this week, brought the rate to 3.5 percent, its lowest ... push global markets lower and concluded the Fed had been misled into cutting rates ... has suggested the prolonged housing slump and a credit crunch set off by mortgage ...
    2008-01-27 03:33:00
  • Tired of bank fees? Brace yourselves, spread's DOA - YourHub.com

    Tired of bank fees? Brace yourselves, spread's DOAYourHub.com, CO - 7 hours agoBased on your score, you could potentially get better rates on credit cards, have a lower credit score to qualify for loans, and a set amount of the dollars ...
    2008-01-27 09:19:30