Mortgage and Financial News From 2008-2-14 Page 48

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• More Bad News From UBS

  Forbes - ... The massive fourth-quarter losses revealed by UBS on Thursday were bad enough. But worse was a gloomy outlook for 2008, the revelation of significant credit ... Investors around the world are suffering from a mortgage borrowing binge in the ...
  2008-02-14 08:59:00

• Freddie Mac Suspends Mortgage Insurer Capital Rules (Update1)

  Bloomberg - Radian, based in Philadelphia, had its credit rating cut yesterday to A- by Standard & Poor's because of expected losses from reimbursing lenders that made bad loans. PMI, Triad Guaranty Inc. and mortgage insurance units at American International ...
  2008-02-14 09:28:00

• MBIA Says It Can Weather Slump, Doesn't Need Bailout (Update3) - Bloomberg

  MBIA Says It Can Weather Slump, Doesn't Need Bailout (Update3)Bloomberg - 3 hours ago14 (Bloomberg) -- MBIA Inc., the world's biggest bond insurer, said it is equipped to survive the slump in prices of mortgage securities and dismissed ...
  2008-02-14 06:48:13

• Report: Mild recession for the first half of 2008 - Industrial Distribution

  Report: Mild recession for the first half of 2008Industrial Distribution, MA - 3 hours ago“The housing collapse, severe decline in housing prices, record high oil prices and subprime mortgage-induced credit crunch have already caused consumer ...
  2008-02-14 06:54:15

• Did I just get bribed to do a good deed? - WalletPop

  Did I just get bribed to do a good deed?WalletPop, VA - 2 hours agoAnd if I found the correct family that this fund raiser is going to be helping, the mother has recently been indicted for writing over $2000 in bad checks ...
  2008-02-14 07:08:31

• Spitzer Warns Of 'Financial Tsunami' - New York Daily News

  Spitzer Warns Of 'Financial Tsunami'New York Daily News, NY - 2 hours agoThere is a general tightening of credit, which means less money available for companies to borrow so they can expand and consumers to borrow so they can buy ...
  2008-02-14 07:20:25

• ROUNDUP PKO BP net profit jumps to record in Q4 on lending, lower ... - Forbes

  ROUNDUP PKO BP net profit jumps to record in Q4 on lending, lower ...Forbes, NY - 2 hours agoFourth-quarter net interest income rose 28 pct to 1.3 bln zlotys, a touch above forecasts, as mortgage lending rose by around 50 pct in the whole of 2007, ...
  2008-02-14 07:27:27

• Wachovia (WB) NewsBite - UBS Losses Push Down WB - Market Intelligence Center

  Wachovia (WB) NewsBite - UBS Losses Push Down WBMarket Intelligence Center, VA - 2 hours agoUBS was hit hard by write-downs totaling $18.4 billion over the past year, and expects the pain from the subprime mortgage crisis to continue into 2008, ...
  2008-02-14 07:29:44

• Bernanke Speech to Congress: Economic Outlook Is Worse - thestockmasters

  Bernanke Speech to Congress: Economic Outlook Is Worsethestockmasters, WA - 1 hour agoBernanke also said that the "virtual shutdown" of the market for subprime mortgages -- given to people with blemished credit histories or low incomes -- and ...
  2008-02-14 08:10:06

• Banks that like to say 'no' - Startups.co.uk

  Banks that like to say 'no'Startups.co.uk, UK - 1 hour agoSo I'm utterly baffled that yet another 'banks are bad at customer service' story came up this week. Actually, not that baffled. ...
  2008-02-14 08:15:30

• "All Rent to Own...All the Time" - RTO Online

  "All Rent to Own...All the Time"RTO Online, MO - 56 minutes ago... operators can expand into retail and retailers to greatly expand their selling opportunities by never having to turn a customer away for bad credit. ...
  2008-02-14 09:04:12

• Fakta: Parkinsons tale til senatet - Børsen Online

  Fakta: Parkinsons tale til senatetBørsen Online, Denmark - 54 minutes agoThe US ABS included about $200 billion of US residential mortgage-backed securities (RMBS) and securities backed by home-equity loans and about $125 billion ...
  2008-02-14 09:05:45

• European Stocks Rally Snuffed Out by Bernanke; UBS Tumbles - Bloomberg

  European Stocks Rally Snuffed Out by Bernanke; UBS TumblesBloomberg - 48 minutes agoUBS AG tumbled to a four-year low in Zurich after the US subprime mortgage crash led to a record loss and Chief Executive Officer Marcel Rohner declined to ...
  2008-02-14 09:11:45

• Freddie Mac Suspends Mortgage Insurer Capital Rules (Update1) - Bloomberg

  Freddie Mac Suspends Mortgage Insurer Capital Rules (Update1)Bloomberg - 41 minutes ago``We're trying to help the mortgage insurers,'' said Brad German, a spokesman for Freddie Mac. Radian, based in Philadelphia, had its credit rating cut ...
  2008-02-14 09:18:32

• Fed Chief: Outlook Bleak, More Cuts Likely - CBS News

  Fed Chief: Outlook Bleak, More Cuts LikelyCBS News, NY - 39 minutes agoBernanke said banks have lost so much money on bad mortgages that they are getting stingy - meaning credit for everyone else is getting more expensive and ...
  2008-02-14 09:20:51

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