Mortgage and Financial News From 2008-7-21 Page 6
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House prices could fall 30% in biggest crash ever seen in Britain, key Bank of England member warns (Daily Mail: World News)
House prices could plunge a further 30 per cent in the property market crisis, a key member of the Bank of England has warned. It would mean about £55,000 being wiped from the value of the average home, currently £180,350.
2008-07-21 03:23:28 -
Budget priorities in a time of high inflation (Newsbreak)
When she faces the nation next week, the president should highlight programs that promote job creation, not “super regions” or...
2008-07-21 03:55:11 -
Markets boom as uncertainty shows signs of lessening (Zaman Online)
Thanks to a spreading optimism over the Constitutional Court likely ruling against a request to close down the ruling Justice and Development Party (AK Party), financial markets shone on Monday as the İstanbul Stock Exchange (İMKB) showed an upswing and the lira gained some value against the dollar and other major currencies.
2008-07-21 04:42:53 -
Gateway Financial Holdings H1 earnings up (Banking Business Review)
Gateway Financial Holdings has reported a net income of $5.1 million for the first six months of 2008, up $550,000, from $4.5 million posted during the corresponding six-month period of 2007.
2008-07-21 05:37:29 -
American Express 2Q profit tumbles 38 percent (Washington Post)
NEW YORK -- American Express Co. said Monday its second-quarter profit tumbled 38 percent, well below Wall Street's forecast, as consumer spending slowed and the number of loans that had to be written off as unpaid increased beyond the lender's expectations.
2008-07-21 05:39:41 -
Russia economy slowdown signs may be skewed by soccer - Guardian Unlimited
MOSCOW, July 21 (Reuters) - Unexpectedly weak data could herald a Russian economic slowdown, the government said on Monday, although a better than expected showing in the Euro 2008 soccer championship may be partly to blame. Russia's economic growth ...
2008-07-21 09:44:00 -
Stocks Wobble at the Flat Line - Street.Com
Updated from 12:23 p.m. EDT After opening higher, U.S. stocks cautiously meandered about the baseline Monday as investors kept an eye on unusual moves from a couple of big-time pharmaceutical companies, an increase in oil prices and bearish forward ...
2008-07-21 11:17:00 -
XM Satellite Radio to offer $400M of senior notes - CNN Money
NEW YORK (Associated Press) - XM Satellite Radio Holdings Inc. said Monday that it is offering $400 million of new senior notes to help refinance debt related to its pending merger with Sirius Satellite Radio Inc. The offering will be made to ...
2008-07-21 05:05:00 -
Prime-Jumbo Mortgage Bonds Tumble, JPMorgan Says (Update3) - Bloomberg
July 21 (Bloomberg) -- Top-rated prime-jumbo mortgage securities tumbled to record lows last week amid concern that the debt will be downgraded, according to JPMorgan Chase & Co. The securities fell to about $12 per $100 of principal less than ...
2008-07-21 02:23:00 -
Veridigm Structures Debt Conversion With Long Term Holders (PR Newswire via Yahoo! Finance)
Veridigm, Inc. , . In keeping with the Company's 'best efforts' policy to remain as transparent as possible, President Gary Freeman made the following comments and statements:
2008-07-21 09:45:00 -
NHB pushes for securitisation (Business Standard India)
Plans mortgage guarantee company with AIG, IFC. The National Housing Bank (NHB) is drawing a roadmap including prudential norms to buy home loans from banks and housing finance companies (HFC) and securitise the portfolio at a later date.
2008-07-21 11:42:04 -
Rising Oil, Pharma News Nettle Stocks (TheStreet.com)
Early gains from encouraging Bank of America earnings and biotech merger taper as investors weigh bearish forward-looking indicators from the Conference Board and new study results related to Merck and Schering-Plough.
2008-07-21 12:27:04 -
The top producer who hit the skids (CNN.com)
MIAMI, Florida (AP) -- Just a few years ago, Scott Storch was one of the top producers in pop music, living in a $10.5 million mansion on an exclusive Miami island, driving a phalanx of luxury cars and dating the likes of Paris Hilton and Lil Kim.
2008-07-21 01:18:08 -
XM Satellite subscribers grow by double-digits, reach 9.7 million (Dayton Business Journal)
XM Satellite Radio Holdings Inc. says it ended the second quarter with 9.7 million subscribers, up 17 percent from a year ago. (XMSR) (SIRI)
2008-07-21 01:25:40 -
White House seeks movement on housing bill (Washington Post)
WASHINGTON (Reuters) - The White House on Monday said it hoped for progress on a sweeping housing rescue plan by the end of this week, but reiterated a veto threat over a provision that Congress looks likely to include in the bill.
2008-07-21 02:12:16