Mortgage and Financial News From 2008-1-16 Page 9

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  • The Mortgage Mess Lawsuit: Countrywide and Miles High - Blogger News Network

    The Mortgage Mess Lawsuit: Countrywide and Miles HighBlogger News Network - 29 minutes agoNot that lenders didn’t hustle adjustable rate mortgages (ARMS) and other highly profitable usurious mortgage products. (Which for some bizarre reason were ...
    2008-01-16 08:30:53

  • Radio Rentals in tune for solid result - Sydney Morning Herald

    Radio Rentals in tune for solid resultSydney Morning Herald, Australia - 27 minutes ago... the impact of any interest rate rise is expected to be minimal given that the majority of them do not have a mortgage," he said. ...
    2008-01-16 08:32:59

  • Can WaMu Go It Alone? - BusinessWeek

    Can WaMu Go It Alone?BusinessWeek - 25 minutes ago... publisher of Inside Mortgage Finance, an industry newsletter. With WaMu's default rates climbing, government investigators are taking a closer look. ...
    2008-01-16 08:35:12

  • Crescent Capital Partners Response To Masthead (Scoop.co.nz)

    “We are disappointed that Masthead has chosen to sell their Abano shareholding to Healthcare Industries Limited rather than into our offer.
    2008-01-16 08:38:29

  • Fed’s Survey Provides More Indications of Economic Slippage (NYTimes.com via Yahoo! Finance)

    Inflation crept up in December, but the rise in prices will likely do little to hold back another interest rate cut this month.
    2008-01-16 08:39:30

  • Can WaMu Go It Alone? (BusinessWeek)

    Wall Street is speculating that the bank will go the way of Countrywide Financial and be acquired by a larger player, perhaps JPMorgan Chase
    2008-01-16 08:44:14

  • Oracle agrees to buy BEA Systems; JPMorgan Chase sees fourth-quarter net income drop 34 percent (Austin American-Statesman)

    REDWOOD SHORES, Calif. — Business software maker Oracle Corp. said Wednesday it has agreed to buy BEA Systems Inc. for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the software company.
    2008-01-16 08:48:05

  • Radio Rentals on growth track (Adelaide Now)

    RADIO Rentals is on track to meet its annual year guidance for a 50 per cent rise in net profit, after reporting strong trading for the December quarter.
    2008-01-16 08:49:25

  • Credit Card Grace Periods Growing Shorter (CBS 11 Dallas/Fort Worth)

    Do you pay your credit card bill the day it comes in the mail? If not, you may want to reconsider. Grace periods are shrinking, and what you don't know could cost you.
    2008-01-16 08:51:33

  • Waxman Eyes CEO Pay During Subprime Mortgage Crisis

    CBS News - (The Politico) House Oversight and Government Reform Chairman Henry Waxman (D-Calif.), for a hearing next month, wants to question three current and former CEOs of companies involved in the subprime mortgage crisis about their own multi-million pay ...
    2008-01-13 03:57:00

  • H&R Block gets $3B credit line

    MSN MoneyCentral - The agreement also restricts Block's ability to incur additional debt, merge with other companies or sell off or liquidate any assets not affiliated with Option One Mortgage Co. Block ranks No. 3 on the Kansas City Business Journal 's list of area ...
    2008-01-16 03:17:00

  • Wells Fargo In-Line, but Profit Drops

    Street.Com - But both JPMorgan and Wells Fargo have remained relatively resilient, as many other financial services companies reel from multi-billion writedowns on mortgage-backed securities and collateralized debt obligations, or CDOs, as well as higher credit ...
    2008-01-16 01:30:00

  • Daughtery sentenced in mortgage fraud scheme

    St. Louis Business Journal - Louis, was ordered to pay $576,390 to 21 different banks and mortgage companies. Daugherty pleaded guilty in September 2007 to defrauding lenders of more than $500,000 and laundering the proceeds of the plot through a local credit union. According to ...
    2008-01-16 01:23:00

  • U.S. credit crisis threatens Brazil's development

    Xinhua News Agency - Meirelles also said the government should learn from other countries to avoid an "excessive credit granting policy from financial institutions." The credit crisis began when U.S. mortgage companies made hundreds of billions of dollars of ...
    2008-01-16 07:49:00

  • US economy strong enough to miss recession - China Post

    US economy strong enough to miss recessionChina Post, Taiwan - 2 hours agoBut outside of the financial sector, most companies are not laying off their workers, businesses do not have huge stockpiles of goods they can't sell and ...
    2008-01-16 06:41:32

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