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

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  • The Cult of Plausible Deniability - OpEdNews

    The Cult of Plausible DeniabilityOpEdNews, PA - 1 hour agoMortgage lenders employ a tiered business model that’s based on the retail theory of loan origination to supply a pipeline of loans for bundling and ...
    2008-01-01 05:40:25

  • Credit-card issuers sock late payers with 30%-plus default rates - MarketWatch

    Credit-card issuers sock late payers with 30%-plus default ratesMarketWatch - 1 hour agoLawmakers fear wary lenders will resort in the months ahead to "hair-trigger repricing" of interest rates on cardholder's existing balances at the least ...
    2008-01-01 05:42:24

  • Gains for major share markets in 2007 - Radio New Zealand

    Gains for major share markets in 2007Radio New Zealand, New Zealand - 1 hour agoThe subprime mortgage crisis hit a range of banks, mortgage lenders, bond insurers and home builders, driving their shares down more than 50% for the year. ...
    2008-01-01 06:13:58

  • Citigroup and Others Still Reeling from Subprime Aftershocks - Money Morning

    Citigroup and Others Still Reeling from Subprime AftershocksMoney Morning - 54 minutes agoAnd the troubles for the world’s leading lenders don’t end with the subprime-mortgage crisis. Citigroup, Goldman Sachs, Morgan Stanley (MS), JPMorgan, ...
    2008-01-01 06:37:05

  • Use Auto Refinancing to Ease the Family Budget (Benton Evening News)

    (ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. It's reported that gas prices could exceed $4 per gallon this summer.
    2008-01-01 05:22:45

  • World welcomes new year (Detroit Free Press)

    As the new year began working its way across the world's time zones, a million revelers cheered fireworks in Sydney, Australia. Beijing started the year with singing and dancing displays hosted by Summer Olympics organizers. And rare celebrations resounded in war-torn Baghdad, Iraq.
    2008-01-01 05:31:27

  • Romney: Second-place finish in Iowa would be OK (Detroit Free Press)

    With two days left before Iowa's first-in-the-nation caucuses, former Massachusetts Gov. Mitt Romney said today he'd still be pleased if he comes in a close second, despite all the time, effort and money he has put in to winning the state.
    2008-01-01 05:32:47

  • China to Shift $20 Billion as Capital for Policy Bank (NYTimes.com via Yahoo! Finance)

    The move by the country’s $200 billion wealth fund comes as the government nears the end of a decade-long reorganization of the banking industry.
    2008-01-01 06:37:48

  • Deal to Buy Mortgage Company Collapses (NYTimes.com via Yahoo! Finance)

    In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. .
    2008-01-01 06:37:49

  • SC Payment Reductions (WCBD-TV Charleston)

    Many South Carolina homeowners should see a refund and a reduction in their monthly mortgage payments once their lenders pay their tax bills this month.
    2008-01-01 06:41:22

  • 31 states introducing new laws (USA Today)

    New laws for 2008 inspired by some hot-button issues of 2007 take effect this week, including an airline passenger bill of rights, mortgage restrictions, environmental safeguards, illegal-immigration constraints and bans on the risky uses of technology while driving.
    2008-01-01 06:43:32

  • Manufacturing picks up in December

    News.com.au - Watchdog: Rudd to curb business bullies Shares: Centro rises as investors circle Aviation: Pilots warn of runway safety Dollar: Commodities to underpin Aussie Home loans: Bendigo justifies interest rate rises Survey: Manufacturing picks up in December ...
    2008-01-01 04:54:00

  • Oil and gas fields restart after cyclone

    News.com.au - SUSPENDED oil and gas operations at Western Australia's North West Shelf are progressively going back into production ... 6. Business losers of 2007 7. Resources buoy share market 8. Best investments of 2007 9. Bendigo justifies interest rate rises 10. The ...
    2008-01-01 05:15:00

  • Dollar weakens in sluggish trade

    News.com.au - THE Australian dollar was weaker at noon, in a subdued first trading session of 2008. At 12noon (AEDT), the Australian ... 6. Business losers of 2007 7. Resources buoy share market 8. Best investments of 2007 9. Bendigo justifies interest rate rises 10. The ...
    2008-01-01 05:44:00

  • Slowing down China

    Financial Times - Beijing has recently stepped up its efforts, with a flurry of directives to stem lending and its sixth interest rate rise of the year. The trouble is that none of the tools at its disposal are up to the task. Higher interest rates have the unwelcome ...
    2008-01-01 02:23:00

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