Mortgage and Financial News From 2007-12-25 Page 3
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Wells Fargo Fourth Quarter Earnings Information
Forbes - Wells Fargo & Company is a diversified financial services company with $549 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America ...
2007-12-24 12:03:00 -
The round robin that makes you see red
Daily Telegraph - If they are older, they will be enjoying a fat pension and no mortgage. They also believe that their success, punctuated by ... In the meantime, we sorted out insurance and where to store it (too large for the drive and not secure enough). Finally, we ...
2007-12-25 05:59:00 -
Temasek Raises Stake in Standard Chartered to 18% (Update1)
Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... Merrill announced $8.4 billion of writedowns on mortgage-related investments and corporate loans on Oct. 24, and then ousted ...
2007-12-22 03:54:00 -
Merrill Lynch Cuts Deals With Temasek, GE as Firm Seeks to Shore Up ...
Wall Street Journal - NEW YORK -- Moving to bolster its waning capital amid writedowns of mortgage-related assets, Merrill Lynch & Co. said Monday ... GE is believed to have outbid several commercial finance companies, banks, insurance concerns and private-equity bidders for ...
2007-12-25 01:56:00 -
Seoul stocks seen higher after Wall St rally
Reuters - ... could extend gains on Wednesday, with lenders such as Woori Financial Group (053000.KS: Quote , Profile , Research ) in favour as a foreign capital injection into Merrill Lynch helped ease concerns about the fallout from the subprime mortgage crisis. ...
2007-12-25 03:15:00 -
Officials Falling Behind on Mortgage Fraud Cases
New York Times - The number of mortgage fraud cases has grown so fast that government agencies that investigate and prosecute them cannot keep up, lenders and law enforcement officials have said. Reports of suspected mortgage fraud have doubled since 2005 and ...
2007-12-25 03:50:00 -
Seoul stocks rise 0.2 pct, financials advance (Reuters via Yahoo! Singapore News)
SEOUL, Dec 26 - Seoul shares rose 0.2 percent on Wednesday with lenders such as Kookmin Bank in favour as a foreign capital injection into Merrill Lynch helped ease concerns about the fallout from the U.S. subprime mortgage crisis.
2007-12-25 04:04:35 -
Mortgage Hotline Rings Off the Hook (Builder Online)
Last week, the Bush administration unveiled initiatives designed to battle the worsening mortgage crisis, including a voluntary interest rate freeze for subprime mortgages.
2007-12-25 05:31:26 -
Ask the Fool Municipal Bonds
Philadelphia Inquirer - A: "Munis" are how many state and local government entities gather the funds for expenses such as building bridges, expanding schools, financing road improvements, and so on. Governments borrow the money from investors, and the fixed interest rate ...
2007-12-24 11:58:00 -
Sri Lanka May Keep Benchmark Rate at Highest Level in Asia
Bloomberg - Dec. 24 (Bloomberg) -- Sri Lanka's central bank will probably keep its benchmark interest rate unchanged at the highest level in Asia in a bid to contain inflation without threatening economic growth. Central Bank of Sri Lanka Governor Nivard Cabraal ...
2007-12-22 03:54:00 -
Strong earnings buoy Chinese stocks
Baltimore Sun - The benchmark Shanghai Composite Index gained 2.6 percent, or 132.48, to 5,234.26. The Shenzhen Composite Index rose 1.7 percent to 1,399.58. An interest rate increase last week, the sixth this year, helped the markets by relieving uncertainty over ...
2007-12-25 07:29:00 -
Bank sage believes jobs fear keeps lid
Herald - The fear of unemployment is preventing workers from pursuing big pay rises, said Bank of England policymaker David Blanchflower. Blanchflower has been a consistent advocate of interest rate cuts, voting for the Monetary Policy Committee to lower ...
2007-12-25 03:50:00 -
Post-Christmas sales worth $6.2bn
News.com.au - He said consumers were undeterred by this year's interest rate rises and high petrol prices. "People have been used to spending big at Christmas and it's difficult to change consumers' spending habits," he said. Shoppers are expected to snap up ...
2007-12-25 03:58:00 -
Review of 2007: A year that began with euphoria and ended with the ...
The Independent - There is mounting evidence that the housing market is slowing down, with the commercial property market on the brink of collapse, while consumer sentiment is weak as households tighten their belts as successive interest rate rises finally start to ...
2007-12-25 04:05:00 -
Bargain hunters gear up
News.com.au - Recent interest rate rises, higher petrol prices and money already spent on Christmas presents are not to likely to deter shoppers, who are expected to spend $6.2 billion from tomorrow until mid-January - up seven per cent from last year. David Jones ...
2007-12-25 03:29:00