Mortgage and Financial News From 2007-8-28 Page 6

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  • Subprime trouble hits outsourcing companies (Toronto Star)

    Indian outsourcing companies that process mortgages are seeing a decline in work orders and loss of revenue because of the U.S. subprime crisis. Several companies have started redeploying their staff, moving some of those assigned to mortgage documentation and related services to other areas.
    2007-08-28 08:56:42
  • Web feels ripples of mortgage ills (The Australian)

    INTERNET companies are bracing for a possible fall-off in one of their biggest sources of advertising following the meltdown in the sub-prime mortgage market.
    2007-08-28 02:00:00
  • Will They, Won't They: Mortgage Market Meltdown And Online Advertising (Forbes)

    -- FT has a story that says Internet companies are bracing for a possible fall-off in one of their biggest sources of advertising following the meltdown in the subprime mortgage market.
    2007-08-28 07:43:55
  • China to Ban Celebrity Endorsements of Drugs, Tonics (Update2)

    Bloomberg - It's the responsibility of doctors to prescribe drugs and give out health advice, not the role of celebrities or public personalities to be giving this kind of advice,'' said Li Changjiang, director of the General Administration of Quality ...
    2007-08-28 12:25:00
  • Jim Cramer's Stop Trading! Don't Doubt State Street

    Street.Com - Jim Cramer's Stop Trading! Buy Annaly 8/23/2007 3:06 PM EDT Cramer says the mortgage REIT will eventually benefit from housing ... While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by ...
    2007-08-28 06:48:00
  • How to Recover From Bankruptcy

    US News and World Report - ... is most likely tied to recent changes in bankruptcy law, but other contributing factors include the increase in mortgage ... E-mail us at alphaconsumer@usnews.com . We'll pick cases to investigate and share with you the best advice we find in our new ...
    2007-08-28 06:05:00
  • SM3.0 and DX10 capable GFX card - any advice

    Digital Spy - SM3.0 and DX10 capable GFX card - any advice ... Does anyone have an opinion on the most recent tranche of GFX cards - especially those that will not involve a mortgage - I am ...
    2007-08-28 09:58:00
  • Older People Walking Into A Bleak Future On Debt, UK

    Medical News Today - ... the Aged in Northern Ireland's SeniorLine Manager, Sinead Campbell, has urged any older person currently worried about debt to contact the free SeniorLine advice service (0808 808 7575). 'With one in five retired homeowners still paying a mortgage ...
    2007-08-28 07:56:00
  • Fannie Mae Redemption

    MSN MoneyCentral - Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and ... Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any ...
    2007-08-28 12:57:00
  • Clinton's bailout

    Florida Times-Union - Subprime loans often go to people with bad credit histories, according to mtgprofessor.com, a college professor's "mortgage advice" Web site. That explains why, as Clinton notes on her Senate Web site, so many subprime loans are delinquent ...
    2007-08-27 12:55:00
  • Medco Will Buy Diabetes-Care Company for $1.3 Billion (Update4)

    Bloomberg - Lazard gave financial advice to Medco. Sullivan & Cromwell LLP was outside legal counsel. Deutsche Bank Securities Inc. represented PolyMedica on the financial side. Weil, Gotshal & Manges LLP gave legal advice. To contact the reporter on ...
    2007-08-28 07:02:00
  • ECB's Bini Smaghi:German Ifo Data Comforting,Mkts Improving-3 (The Forex Market)

    Referring to Italian banks, Bini Smaghi said that they were well-capitalized and faced "minimal" risks linked to the U.S. mortgage markets. Several German banks have faced short-term liquidity crunches due to potential losses as a result of rising defaults in the U.S. housing market.
    2007-08-28 05:06:08
  • Amlak plans $260m sukuk (AME Info)

    Dubai mortgage firm Amlak Finance plans to sell Islamic bonds worth about $260m to finance expansion in the Gulf and Africa, Reuters reported. Amlak Chairman Nasser al-Shaikh said the bonds would be backed by mortgage contracts as security, and would have a tenure of 20 to 25 years.
    2007-08-28 10:51:32
  • Serious Credit Collapse Could Strengthen Dollar and Hit Gold (Kitco.com)

    In the emerging credit crisis, the corporate paper market is in chaos. This IS a crisis. What started as flight from sub prime mortgage derivatives, now has spread to flight from many of the largest credit markets in general.
    2007-08-28 02:51:29
  • $2-billion mortgage deal puts Bank of America CEO in spotlight (The Providence Journal)

    With the high-profile pact, the 60-year-old from humble roots emerges a peer to those atop New York’s banking dynasties.
    2007-08-28 12:45:38