Mortgage and Financial News From 2007-8-28
Previous Day: 2007-08-27
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Nokia Feasts on Motorola's Mess
WXXA - Click here for market insight from TheStreet.com By Scott Moritz, The Street.com Nokia continues to gain ground in the handset market at Motorola's expense. The Finnish mobile phone giant extended its industry dominance in the second ...
2007-08-27 08:36:00 -
AP Interview: French finance minister says subprime crisis shows ...
International Herald Tribune - ... largest bank BNP Paribas announced that it was suspending three of its funds due to their exposure to U.S. subprime mortgages. ... Still, Lagarde remained upbeat about growth in the second half of the year. The French economy slowed in the second quarter ...
2007-08-28 12:04:00 -
Wary France learns from lending crisis
AZCentral.com - ... largest bank BNP Paribas announced it was suspending three of its funds due to their exposure to U.S. subprime mortgages. Still, Lagarde remained upbeat about growth in the second half of the year. The French economy slowed in the second quarter ...
2007-08-28 03:46:00 -
Existing Home Sales – Tightening of Mortgage Standards Should ...
FXStreet.com - In the second and third quarters of 2007, the survey broke down questions separately for prime, non-traditional, and subprime mortgages, the results for which are illustrated in chart 5, compared with prior years when the question was asked in ...
2007-08-28 01:30:00 -
China Construction Bank sees slower H2 loan growth, but FY still at ...
CNBC - ... Xiusheung told a media briefing following CCB's first-half results announcement that the bank's loan business, especially housing mortgages, may be affected by China's economic tightening measures. Pang said that CCB's total loan growth in the second ...
2007-08-27 12:01:00 -
Musicians create 'Gabba' for preschoolers -- and their parents
AZCentral.com - After taking out second mortgages on their homes, they quit their jobs to work on Yo Gabba Gabba! full time. "We were prepared to suffer the financial doom of our commitment," Jacobs says wryly. "This is punk rock, let's do it!" Next big show "Hi ...
2007-08-27 07:18:00 -
Merkel Says China Must Respect Rules After Spy Report (Update1)
Bloomberg - Merkel, 53, who had planned to put climate change at the top of her agenda on her second visit to China, instead focused on the Der Spiegel report, published today. The report alleges that Chinese hackers are involved in spying on Germany ...
2007-08-27 03:57:00 -
Affordable homeownership projects open in Scarborough and Markham
CNW Group - Home Ownership Alternatives also provides down payment assistance in the form of second mortgages to the co-op members purchasing the new homes. No payments of principal or interest are required until the home is resold, although the homeowner may ...
2007-08-27 07:03:00 -
Palm Beach County housing sales, prices continue slide
Fort Lauderdale Sun-Sentinel - That dismal trend isn't likely to change soon as lenders across South Florida make it tougher for consumers to qualify for mortgages. Analysts don't expect the housing slump to end until the second half of 2008 or later, in part because the recent ...
2007-08-28 04:22:00 -
Platinum Futures Rise as Dollar May Decline; Palladium Gains
Bloomberg - Goldman Sachs Group Inc. and Merrill Lynch & Co. increased their year- end forecasts for the currency by as much as 6 percent last week as concern eased that a rout in subprime mortgages would derail the economy. Platinum is traded mostly in dollars ...
2007-08-27 11:07:00 -
Canam Credit Terminates Merger with Rogers Associate Financial ...
Market Wire - ... Canam Credit Company Inc. Canam Credit Company is a diversified financial services company that has representation across Canada. Our products include life insurance, short term lending, factoring, debt counseling, term loans, and second mortgages.
2007-08-27 11:28:00 -
The Subprime Mess from Mount Olympus (Columbia Journalism Review)
Who’s to blame? The human race, first and foremost. Well-intended public policy, second. And Wall Street, third — if only for taking what generations of policy makers have so unwisely handed it.
2007-08-27 07:49:29 -
Your Money: Home-equity loans tougher to get (USA Today)
The credit crunch means you'll probably pay more for a home equity loan or line of credit - and lenders are getting picky about who can get them.
2007-08-28 03:49:31 -
Bailing out of mortgages (The Cincinnati Enquirer)
It wasn't that long ago that Wall Street's big investment banks, looking for ways to cash in on the then-booming housing industry, were buying mortgage lenders at a frenetic pace. The story now is quite different.
2007-08-27 09:33:31 -
Yen Gains Versus Euro, Dollar as Investors Cut Carry Trades (Bloomberg.com)
Aug. 28 (Bloomberg) -- The yen rose for a second day against the euro and dollar as traders pared riskier investments funded by loans in Japan. The Japanese currency snapped a three-day decline yesterday as the so-called carry trades were unwound.
2007-08-27 11:18:35