Mortgage and Financial News From 2008-2-14 Page 49

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  • Event Brief of Q4 2007 Moody's Corporation Earnings Conference ... - Insurance News Net (press release)

    Event Brief of Q4 2007 Moody's Corporation Earnings Conference ...Insurance News Net (press release), PA - 39 minutes agoRevenue from financial mortgage-backed securities was down 81%. 5. Revenue from rating credit derivatives and commercial mortgaged-backed securities ...
    2008-02-14 09:20:54
  • UBS Posts Loss on Big Write-Down - New York Times

    UBS Posts Loss on Big Write-DownNew York Times, United States - 31 minutes agoIt also said it had lost $2 billion on so-called Alt-A mortgages, confirming fears that credit problems in the United States have spread beyond the subprime ...
    2008-02-14 09:29:03
  • New York's Dinallo Considers Splitting Bond Insurers (Update4) - Bloomberg

    New York's Dinallo Considers Splitting Bond Insurers (Update4)Bloomberg - 28 minutes agoThe world's largest bond insurers may lose the AAA credit ratings they use to guarantee $2.4 trillion of municipal and mortgage-backed debt, casting doubt ...
    2008-02-14 09:31:57
  • Fear and loathing, and a hint of hope - Economist

    Fear and loathing, and a hint of hopeEconomist, UK - 2 minutes agoFirst staged only in 2004, the event has become a mecca for those whose job it is to spin mortgages, credit-card debt and other bread-and-butter financial ...
    2008-02-14 09:57:47
  • Banks that like to say 'no' (Startups)

    You'd have thought that, during a time when consumers across the land are tightening their purse strings and re-educating themselves in the forgotten art of saying 'no', banks would be desperate to retain their customers.
    2008-02-14 08:23:53
  • Banks to ask U.S. govt to take bad loan risk (Muzi)

    The banking industry is proposing to members of the U.S. Congress and the White House that some of the risk of troubled mortgages should be shifted to the federal government, according to a report in the Wall Street Journal on Thursday.
    2008-02-14 08:27:41
  • New York's Dinallo Considers Splitting Bond Insurers (Update3) (Bloomberg.com)

    Feb. 14 (Bloomberg) -- New York regulators may consider splitting bond insurance companies into two businesses to protect municipal debt from losses on subprime mortgage securities.
    2008-02-14 08:28:52
  • Fed Chief: Outlook Bleak, More Cuts Likely (CBS News)

    Federal Reserve Chairman Ben Bernanke says the economic outlook has worsened. Speaking to the Senate Banking Committee, he signals that the central bank is poised to continue lowering interest rates.
    2008-02-14 08:43:54
  • Bond insurance (Federal Reserve Board)

    Chairman Kanjorski, Ranking Member Pryce, and members of the Subcommittee, thank you for the opportunity to testify on the potential effects on financial stability of further financial deterioration and ratings downgrades of financial guarantors.
    2008-02-14 08:44:48
  • European Stocks Rally Snuffed Out by Bernanke; UBS Tumbles (Bloomberg.com)

    Feb. 14 (Bloomberg) -- European stocks slumped in late trading, erasing most of their earlier gains, after U.S. Federal Reserve Chairman Ben S. Bernanke said additional losses were likely for banks and tighter credit will restrain growth.
    2008-02-14 09:17:24
  • UBS Posts Loss on Big Write-Down (New York Times)

    The bank offered no hope for a near-term turnaround after it posted a fourth-quarter loss of 12.5 billion Swiss francs ($11.3 billion) and warned that 2008 would be a difficult year.
    2008-02-14 09:30:57
  • New York's Dinallo Considers Splitting Bond Insurers (Update4) (Bloomberg.com)

    Feb. 14 (Bloomberg) -- Bond insurers may be split into two businesses in what would be the biggest overhaul of the industry since it was created almost four decades ago.
    2008-02-14 09:43:52
  • Health Department At School After Chicken Pox Outbreak (WFTV 9 Orlando)

    OSCEOLA COUNTY, Fla. -- The Osceola County Health Department was at Mill Creek Elementary to vaccinate students against chicken pox Thursday. More than 20 students at the school have it and officials are trying to keep it from spreading.
    2008-02-14 09:55:20
  • FUND VIEW-Harder to spring debt market from trap -Annaly

    Guardian Unlimited - ... from the spread between borrowing short-term on the repo market and investing in short-duration, triple-A rated mortgages ... Now the reverse dynamic is taking place as the Fed cuts rates but spreads stay wide, Kazel said. Prodesse shares have been ...
    2008-02-13 05:11:00
  • Mortgage servicers next victim of US housing crisis

    ABS-CBN - ... and people-intensive job of helping Americans save their homes, one by one, by easing payments on unaffordable mortgages. ... on loans backing subprime mortgage bonds continued to worsen in January despite servicer and government efforts to reverse ...
    2008-02-14 05:17:00