Mortgage and Financial News From 2008-1-7 Page 41
Previous Day: 2008-01-06
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Litigation and Arbitration (Mondaq)
Professional liability specialists at law firm Browne Jacobson are predicting a shortage of credible expert witnesses to defend against the raft of claims expected next year as the credit squeeze continues to affect financial and property markets in the UK.
2008-01-07 09:21:29 -
How The Mighty Have Fallen (Forbes)
Who to blame? Wall Street's giants brought it on themselves. And there's the regulators.
2008-01-07 09:22:10 -
Eastside Financial Center to Open January 14 (Business Wire via Yahoo! Finance)
MINNEAPOLIS----After months of preparations, a community financial jewel will again shine from Saint Paul's historic Old Swedish Bank Building at 965 Payne Avenue. On Monday, January 14, the new Eastside Financial Center will open its doors, offering a unique combination of affordable financial products with financial education and counseling programs.
2008-01-07 09:29:00 -
Owner closes company after 75 years (Overland-St. Ann Journal)
For 75 years, the William H. Finke Realty Co. has been a fixture in Jennings. Those days are now over.
2008-01-07 09:32:37 -
Fitch Discusses CMBX Loan Defaults & Their Impact on U.S. CMBS Sub Levels (Business Wire via Yahoo! Finance)
NEW YORK----The market's projection of higher U.S. commercial mortgage loan defaults is evident in the current pricing of the related CMBX market indices. While Fitch Ratings similarly anticipates loan defaults to increase in 2008, the loan default rates implied by the pricing of these market indices are extremely high.
2008-01-07 09:35:00 -
Paulson to defend 'freeze' plan (CNN Money)
Treasury Secretary Henry Paulson will use a speech Monday to defend the Bush Administration's plan to "freeze" mortgage rates for some subprime borrowers and also to call on Congress to pass legislation to head off a housing crisis.
2008-01-07 09:38:23 -
Debits and Credits (Columbia Journalism Review)
Business Week slips on Perle;Eisinger’s interesting warning; WSJ arrives late to an accident, etc.
2008-01-07 09:38:26 -
GLOBAL ECONOMIC GROWTH 'ROBUST,' INFLATION RISKS REMAIN: TRICHET (The Tocqueville Connection)
BASEL, Switzerland, Jan 7, 2008 (AFP) - Global economic growth is "robust" but inflation risks remain as markets absorb the impact of the US subprime home loan crisis and higher food prices, European Central Bank chief Jean-Claude Trichet said Monday.
2008-01-07 09:41:42 -
U.K. Real Estate Losses May Be Biggest in 25 Years (Update1)
Bloomberg - ... standards across the globe after losses of more than $90 billion from U.S. mortgage ... is different from the 1990s, when an economic recession, rising interest rates and ... The U.K. jobless rate is the lowest in more than 30 years and the Bank of England ...
2008-01-07 04:44:00 -
Washington Leads Biggest Slate of Muni-Bond Sales in Four Weeks
Bloomberg - That's the lowest since 2005, though still higher than the Treasury note at the ... Credit-market losses sparked by the subprime mortgage market collapse along with ... Moody's Investors Service rates Washington an equivalent Aa1, one level below AAA ...
2008-01-07 04:58:00 -
Swiss Unemployment Falls, Keeping Rate at 5-Year Low (Update1)
Bloomberg - ... Swiss unemployment fell in December, keeping the jobless rate at the lowest in more ... While the global economy is showing signs of losing momentum after subprime-mortgage ... The Zurich-based bank last month left interest rates unchanged after raising the ...
2008-01-07 12:26:00 -
Talk of weak trading drags retailers lower
International Herald Tribune - ... patterns during Christmas -- have painted a gloomy picture of consumer spending at some stores, with rising mortgage interest rates ... seeped into continental Europe on Monday, with shares in Belgian supermarket chain Delhaize falling to their lowest ...
2008-01-07 07:35:00 -
Bank facing calls to cut interest rates
This is Money - A Lloyds TSB study also reported companies' confidence about the economy-has plunged to its lowest ... Surely there are other means to control inflation besides interest rates? Tax, for example. I don't understand why my mortgage should go up just because ...
2008-01-07 09:01:00 -
Pound Falls to Five-Month Low, Gilt Spread Widens, on Economy
Bloomberg - ... in 2008, adding to the case for the Bank of England to cut interest rates ... signaled banks' earnings may be limited and business confidence fell to the lowest ... suffering from a lending slowdown after the collapse of the U.S. subprime mortgage ...
2008-01-07 08:40:00 -
European Notes Fall on Concern Yield Decline Has Gone Too Far
Bloomberg - ... doesn't justify two-year note yields near the lowest in more than a month. Two-year notes snapped a six-day rally as European Central Bank policy makers are expected to leave rates ... growth will slow after the U.S. subprime-mortgage ...
2008-01-07 06:53:00
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