Mortgage and Financial News From 2008-1-9 Page 35

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  • Market Report -- Story Stocks (MBI) - MSN Money

    Market Report -- Story Stocks (MBI)MSN Money - 6 hours ago... and related expenses for the fourth quarter, given its exposure to bad debt from the collapse in the subprime mortgage market and ensuing credit crisis. ...
    2008-01-09 07:14:00
  • MBIA Cuts Dividend, to Raise $1 Billion After Losses (Update3) - Bloomberg

    MBIA Cuts Dividend, to Raise $1 Billion After Losses (Update3)Bloomberg - 5 hours agoMBIA in October posted a $36.6 million loss because of writedowns on mortgage-related securities and halted stock buybacks to retain capital. ...
    2008-01-09 07:36:38
  • PM, Wed 9th Jan - UK buy to let set for a bright 2008, according ... - Landlord Expert

    PM, Wed 9th Jan - UK buy to let set for a bright 2008, according ...Landlord Expert, UK - 5 hours agoThe Intermediary Mortgage Lenders’ Association (IMLA) is warning that a surfeit of negative housing and mortgage market predictions for 2008 could begin a ...
    2008-01-09 07:39:28
  • Stocks struggle to stay afloat - CNNMoney.com

    Stocks struggle to stay afloatCNNMoney.com - 3 hours agoE*Trade Financial (ETFC) said it sold $3 billion in mortgage-backed securities and municipal bonds and that it is getting out of its institutional trading ...
    2008-01-09 09:29:12
  • CDS report: Cost of protecting Marks and Spencer debt soars - FT Alphaville

    CDS report: Cost of protecting Marks and Spencer debt soarsFT Alphaville, UK - 3 hours agoMortgage lender Countrywide Financial was forced to deny rumours it was on the brink of bankruptcy after its shares fell 28 per cent. ...
    2008-01-09 09:42:21
  • Don't Just Survive: Help Your Business Thrive in 2008 - American Chronicle

    Don't Just Survive: Help Your Business Thrive in 2008American Chronicle, CA - 2 hours agoThe end of 2007 subprime mortgage debacle caught lenders off-guard, and proved that conservative lenders who had been decrying the lenient lending standards ...
    2008-01-09 10:40:26
  • Washington Mutual Drops on Mortgage Market Concerns (Update2) - Bloomberg

    Washington Mutual Drops on Mortgage Market Concerns (Update2)Bloomberg - 1 hour ago10 it was shutting 190 loan offices, cutting staff about 6 percent and reducing its dividend as bad loans continue to rise. Last month it sold $3 billion of ...
    2008-01-09 11:47:29
  • In case of emergency, slash rates - CNNMoney.com

    In case of emergency, slash ratesCNNMoney.com - 1 hour agoInvestors also worry that more bad news from banks could lie ahead. There have been unsubstantiated rumors that beleaguered mortgage lender Countrywide ...
    2008-01-09 12:01:47
  • MBIA Unveils Plans to Protect Ratings - The Associated Press

    MBIA Unveils Plans to Protect RatingsThe Associated Press - 1 hour agoBut analysts said investors doubted all of the bad news was out, and the shares fell sharply. The Armonk, NY-based insurer, under pressure from the ratings ...
    2008-01-09 12:20:38
  • County escaping mortgage crisis - Mount Shasta Herald

    County escaping mortgage crisisMount Shasta Herald, CA - 38 minutes ago“You exclude those who might have bad credit but with good income and the ability to pay. Income requirements would restrict those with a good credit rating ...
    2008-01-09 12:47:39
  • How do you spell “BEAR?” - Inside Futures

    How do you spell “BEAR?”Inside Futures, IL - 31 minutes ago"This is the largest mortgage originator in the country, trading like it wants to go out of business," said Peter Boockvar, equity strategist at Miller ...
    2008-01-09 12:54:59
  • Stocks trip again (CNN Money)

    Stocks slipped Wednesday afternoon, resuming the recent selloff, after more problems for the mortgage lenders and other financial companies exacerbated worries about the threat of a recession.
    2008-01-09 11:38:33
  • MBIA unveils plans to protect ratings (AP via Yahoo! News)

    MBIA Inc. plans to book more than $4 billion in losses, slash its dividend and sell $1 billion in bonds as part of a strategy unveiled Wednesday to shelter the bond insurer's crucial financial strength rating.
    2008-01-09 12:11:19
  • Essential Economics Instruction (Accuracy In Media)

    Recently I attended a meeting of conservatives in New York City chaired by James Higgins and Mallory Factor. The meeting was similar to those that I chair in Washington. However, in attendance at this meeting were many people from the investment community.
    2008-01-09 12:43:18
  • (AFX UK Focus) 2008-01-09 20:27 GMT: MBIA unveils plans to protect ratings (Interactive Investor)

    NEW YORK (AP) - MBIA Inc. plans to book more than $4 billion in losses, slash its dividend and sell $1 billion in bonds as part of a strategy unveiled Wednesday to shelter the bond insurer's crucial financial strength rating.
    2008-01-09 12:57:06