Mortgage and Financial News From 2008-4-7 Page 5
Previous Day: 2008-04-06
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S&P 500 gains 1 percent on WaMu, easing credit fears (EARTHtimes.org)
NEW YORK (Reuters) - Stocks jumped on Monday, pushing the S&P 500 index up 1 percent, as news that Washington Mutual Inc , is close to securing a $5 billion cash infusion bolstered hopes that the credit crisis is easing and drove up financial shares.
2008-04-07 10:30:41 -
2 Outcomes When Foreigners Buy Factories (NYTimes.com via Yahoo! Finance)
Two cities offer competing narratives for a nation uneasy about being on the selling end of the global economy.
2008-04-07 10:40:28 -
Big Drop in Demand May Help Flash Chip Market (TheStreet.com)
A cut in production might help the market return to normal supply and demand conditions.
2008-04-07 10:42:05 -
Tuesday, March 4, 2008 3:12 PM EST (The Business Ledger)
Wilmington Mayor James M. Baker and Gregory Pettinaro, CEO of Pettinaro Company, announced that Pettinaro has secured five new leases in three of the company's Christina Riverfront properties in Wilmington.
2008-04-07 10:53:41 -
The simple facts (Blue Ridge Business Journal)
• 85 percent of all sub-prime mortgages are being paid on time.
2008-04-07 10:14:00 -
The region asks, ‘What mortgage crisis?’ (Blue Ridge Business Journal)
Don Simmons Jr. “New home sales plunge to 12-year low.” “Mortgage failures could hurt economy.” “Debt crisis may stall growth, curb spending, bring massive job loss.”
2008-04-07 10:14:20 -
IADB Approved $9 Billion in Loans, Most Since 1999 (Update1) (Bloomberg.com)
April 7 (Bloomberg) -- The Inter-American Development Bank, a development lender serving Latin America and the Caribbean, last year approved the biggest amount of loans and guarantees since 1999, underscoring increased demand in the region for funding of energy and infrastructure projects.
2008-04-07 10:18:01 -
Experts differ on price effect of foreclosures (Colorado Springs Gazette)
There's little disputing El Paso County's dramatic rise in foreclosures. More than 3,500 foreclosures - a legal action in which a lender acts to reclaim property for nonpayment of a loan - were filed in the county last year, which broke a 19-year-old record.
2008-04-07 10:18:17 -
Zillow Launches Mortgage Marketplace (WJLA-TV Washington D.C.)
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2008-04-07 10:28:50 -
Fitch Rates Utah Housing's $35MM 2008 Series B Bonds (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned the following ratings to Utah Housing Corporation's 2008 series B single-family mortgage bonds:
2008-04-07 10:33:00 -
Last of the 100% mortgages withdrawn (ShareCast)
LONDON (SHARECAST) - Abbey , the mortgage lender owned by Spanish banking group Santander, has joined its peers in withdrawing 100% mortgage from its product line.
2008-04-07 10:43:58 -
Examiner.com Related Articles: (The San Francisco Examiner)
That's not to say the market volatility seen over the past several months is over. Peckham said it's possible investors could grow anxious again if banks reveal bigger losses than expected and in more types of debt than anticipated.
2008-04-07 10:44:55 -
Sarasota Real Estate: Condo Market Updates (Turks.US)
The city of Sarasota is located on a lovely stretch on Southwest Florida's Sun coast, and is describe by many as being a paradise unto its own, with fine white sand beaches, a classy and diverse arts scene, wonderful shopping amenities, upscale resorts, country clubs, fine dining establishments and community events.
2008-04-07 10:56:15 -
The Waning of Penn (The New York Observer)
In July 2007, the Clinton campaign’s then-chief strategist Mark Penn sat in his gleaming white and aquarium-walled chief executive’s office at the global public relations firm Burson-Marsteller talking about a mistake he thought Howard Wolfson had made in responding to comments from a prominent Obama supporter. “It’s very important in politics not to make the same mistake too many times,” ...
2008-04-07 06:14:19 -
Banking and Financial (Mondaq)
On March 28, President Bush announced his intention to nominate two Democrats, Luis Aguilar and Elisse Walter, to fill empty seats at the Securities and Exchange Commission. By law, the five person commission may not have more than three members from the President’s political party.
2008-04-07 07:22:03