Mortgage and Financial News From 2008-1-16 Page 01

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  • Dollar at Lowest Since 2005 Versus Yen Before JPMorgan Earnings

    Bloomberg - Jan. 16 (Bloomberg) -- The dollar traded at the lowest since 2005 against the yen ... Citigroup wrote off $18 billion for mortgage defaults, adding to concerns the U.S ... In carry trades, investors borrow in countries with lower interest rates and ...
    2008-01-14 03:55:00
  • US stocks gain, led by banks

    Jerusalem Post - The Tel Aviv-25 Index dropped to the lowest in almost four months, led by Israel ... in New York Stock Exchange trading after writing down less for subprime mortgage ... fueled speculation the ECB will join the Federal Reserve in cutting interest rates ...
    2008-01-16 09:08:00
  • Asia Day Ahead: NFL Hires Goldman Analyst as CFO (Update1)

    Bloomberg - ... Technology and energy shares sent the Standard & Poor's 500 Index to its lowest ... Co., the third-biggest U.S. bank, said profit dropped 34 percent on subprime-mortgage ... fueled speculation the ECB will join the Federal Reserve in cutting interest rates ...
    2008-01-16 01:30:00
  • UPDATE 1-Gold retreats as dollar fights back

    Reuters UK - ... record high at $914 an ounce on Monday on expectations of a sharp cut in U.S. interest rates and turmoil in the financial markets triggered by a mortgage ... posted both a disappointing profit and outlook, driving the S&P 500 to its lowest closing level ...
    2008-01-16 07:42:00
  • Gold retreats as dollar fights back

    Reuters India - ... of a sharp cut in U.S. interest rates and turmoil in the financial markets triggered by a mortgage-related crisis. U.S. stocks fell on Wednesday, after Intel Corp posted both a disappointing profit and outlook, driving the S&P 500 to its lowest ...
    2008-01-16 07:13:00
  • Money-Market Rates Fall After Central Bank Auctions (Update1)

    Bloomberg - ... said today, the lowest since Aug. 13. Money-market rates have tumbled since policy makers announced on Dec. 12 a coordinated effort to break the gridlock in interbank lending sparked by the collapse of the U.S. subprime-mortgage market ...
    2008-01-16 03:50:00
  • Americans Pay for Housing Boom's Excess

    Chicago Tribune - ... Wells Fargo & Co., two of the nation's biggest banks, on Wednesday joined a growing chorus warning that the subprime mortgage ... would add $440 million to loan loss provisions -- said in the regions where home prices are declining, card default rates ...
    2008-01-15 03:54:00
  • U.S. Housing Starts Probably Fell in December to a 14-Year Low

    Bloomberg - Housing starts fell to an annual rate of 1.145 million, the lowest in 14 years ... Central bankers are likely to cut interest rates by half a percentage point when ... seems to have weakened further, in part reflecting ongoing problems in mortgage ...
    2008-01-16 10:55:00
  • Gramercy Capital Corp. Reports 2007 Results; Fourth Quarter FFO of ... - WELT ONLINE

    Gramercy Capital Corp. Reports 2007 Results; Fourth Quarter FFO of ...WELT ONLINE, Germany - 6 hours agoOriginated or acquired $316.7 million of investments comprising $16.3 million of fixed-rate commercial mortgage real estate securities, and $300.4 million ...
    2008-01-16 05:38:38
  • Equities heading for bear territory - Financial Times

    Equities heading for bear territoryFinancial Times, UK - 5 hours agoIn the US, the S&P 500 has fallen 6 per cent this year, to its lowest level since March, when problems in the US subprime mortgage market first emerged. ...
    2008-01-16 06:14:07
  • Subprime losses grow - South China Morning Post (subscription)

    Subprime losses growSouth China Morning Post (subscription), Hong Kong - 2 hours agoWith fears of a US recession growing, interest rate futures are pricing in an almost 1-in-2 chance of a hefty 75 basis points cut in US interest rates, ...
    2008-01-16 09:09:00
  • Republicans and Taxes - Wall Street Journal

    Republicans and TaxesWall Street Journal - 2 hours agoIn this sense, his plan is inferior to Fred Thompson's optional flat tax (two rates: 10% and 25%), which is the simplest and best reform in the field. ...
    2008-01-16 09:10:11
  • Foreclosures hit home - Canton Repository (subscription)

    Foreclosures hit homeCanton Repository (subscription), OH - 2 hours agoThey needed money, so they refinanced with Equicredit on a five-year, adjustable rate mortgage (ARM) with payments of $725. “We knew that that one was an ...
    2008-01-16 09:12:50
  • US stocks gain, led by banks - Jerusalem Post

    US stocks gain, led by banksJerusalem Post, Israel - 2 hours agoBy BLOOMBERG The Tel Aviv-25 Index dropped to the lowest in almost four months, led by Israel Chemicals Ltd. and Israel Corp. The TA-25 Index lost 9.72, ...
    2008-01-16 09:14:11
  • US Housing Starts Probably Fell in December to a 14-Year Low - Bloomberg

    US Housing Starts Probably Fell in December to a 14-Year LowBloomberg - 2 hours agoHousing starts fell to an annual rate of 1.145 million, the lowest in 14 years, after a 1.187 million pace in November, according to the median forecast of ...
    2008-01-16 09:34:38