Mortgage and Financial News From 2008-7-21 Page 2
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HMN Financial, Inc. Announces Second Quarter Results (Centre Daily Times)
HMN Financial, Inc. (NASDAQ:HMNF):
2008-07-21 08:55:21 -
Bank of America: Doubts Remain (BusinessWeek)
The bank's better-than-expected quarter bolsters arguments that it can manage the credit crisis. But analysts worry about more losses from its Countrywide unit
2008-07-21 09:23:26 -
Assured Guaranty Ltd. Issues Statement In Response to Announcement of Ratings Review for Possible Downgrade by Moody's ... (Finanzen.net)
Assured Guaranty Ltd. (NYSE: AGO) ("Assured” or "the Company”) today issued a statement in response to the announcement by Moody’s Investors Service ("Moody’s”) that Moody’s has placed under review for possible downgrade ...
2008-07-21 09:38:01 -
American Express shares tumble as 2Q profit falls (INO News)
(AP:NEW YORK) In a sign that even wealthier consumers are feeling the pinch of the credit crisis, American Express Co. said its second-quarter profit tumbled as it set aside more money to cover souring loans across all its portfolios.
2008-07-21 09:39:17 -
Apple stock drops despite jump in Q3 profit (Las Vegas Sun)
Mon, Jul 21, 2008 (9:42 p.m.) Shares of Apple Inc. fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period.
2008-07-21 09:47:22 -
Trump Jr. Plans $1 Billion Fund for India Property (Update1) (Bloomberg.com)
July 22 (Bloomberg) -- Donald Trump Jr. , whose father built a multibillion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation's growing wealth.
2008-07-21 09:47:34 -
Dollar Trades Near Record Low; American Express Profit Falls (Bloomberg.com)
July 22 (Bloomberg) -- The dollar traded near a record low against the euro after American Express Co. said profits dropped because more consumers defaulted on loans, raising concern the U.S. economic slowdown will deepen.
2008-07-21 09:51:24 -
Fannie shares rise with new SEC short-sale order - CNBC
WASHINGTON - Shares of mortgage finance giant Fannie Mae rose Monday as a government order temporarily banning a certain kind of short-selling of its stock, Freddie Mac's and that of several large investment banks took effect. The Securities and ...
2008-07-21 02:37:00 -
Paragon in takeover talks with Blackstone - Financial Times
Paragon, the struggling buy-to-let mortgage lender, is in talks with Blackstone about a potential takeover, which shows the US private equity group may be ready to call the bottom of the credit crisis. The move shows private equity groups are still ...
2008-07-21 03:20:00 -
City nurses heavy losses after just 8% of investors support HBOS cash ... - Guardian Unlimited
City institutions were nursing heavy losses last night after the £4bn cash call by high street bank HBOS suffered the embarrassment of registering the lowest support ever recorded for a fundraising by a major company. A cash call that has mesmerised ...
2008-07-21 05:50:00 -
Reality trumps ideology in Fannie-Freddie rescue - San Diego Union-Tribune
WASHINGTON – Odd alliances are at work as President Bush and congressional Democrats band together to save Fannie Mae and Freddie Mac. The push to reassure markets that the mortgage giants are financially healthy has thrust Republicans – who have ...
2008-07-21 08:03:00 -
Couple Warns of Foreclosure Scams (KGET 17 Bakersfield)
A Bakersfield couple says they learned an important lesson and want to share it with others.
2008-07-21 07:10:06 -
An Economist's View: The Perfect Storm (KTVN Reno)
You probably know about all of the things being hurt by the economy, but you may not know how things got this bad. So we found an economist willing to break it down for us. "It's the perfect economic storm," explains UNR Economics Professor Thomas Cargill.
2008-07-21 07:11:59 -
(AFX UK Focus) 2008-07-22 02:41 Japan needs more risk-taking to grow-govt report (Interactive Investor)
TOKYO, July 22 (Reuters) - Japan needs to be more adept at taking risks in its investments to boost economic growth even as its population shrinks and the global economy remains unstable, the government said in an annual economic report on Tuesday.
2008-07-21 07:16:31 -
Canterbury Mortgage Trust hits strife (Otago Daily Times)
A major lender that calls itself a fund, rather than a finance company, has hit serious trouble, bringing to 23 the number of finance companies to collapse or freeze funds over 32 months.
2008-07-21 07:43:52