Mortgage and Financial News From 2008-3-10 Page 12

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  • Stocks waver as investors sift through mixed corporate news (The Salt Lake Tribune)

    Posted: 9:04 AM- NEW YORK - Wall Street fluctuated Monday as investors sifted through a range of reports on how companies are handling a slumping economy and tight credit markets.
    2008-03-10 09:41:35

  • Yen Advances Against Major Currencies on Credit Market Losses (Bloomberg.com)

    March 10 (Bloomberg) -- The yen approached an eight-year high below 102 per dollar on concern that losses in credit markets may widen and prompt investors to reduce holdings of high-yielding assets funded by loans in Japan.
    2008-03-10 09:44:38

  • Subprime alternative: FHA reform deal close (CNNMoney.com via Yahoo! Finance)

    By early April, both chambers of Congress are likely to tie the bow on a bill that would expand the reach of the Federal Housing Administration , which aims to provide safe loan alternatives to subprime mortgages and make homeownership more accessible.
    2008-03-10 09:45:00

  • Surging oil and corporate worries hit Wall St. (International Herald Tribune)

    U.S. stocks extended declines Monday as investors reacted to surging oil prices and a mostly negative batch of reports on how companies are handling a slumping economy and tight credit markets.
    2008-03-10 09:46:09

  • The face-slap theory (International Herald Tribune)

    By creating a pause in the selling frenzy, the Fed could give hysterical markets a chance to regain their sense of perspective.
    2008-03-10 09:48:17

  • Stock Upgrades, Downgrades From TheStreet.com Ratings (TheStreet.com)

    New York Community Bank, Clinical Data upgraded, Loews, Sigma Designs, Salix Pharmaceuticals downgraded.
    2008-03-10 09:49:20

  • Blackstone Sees Dawn Following Dark (Forbes)

    Investment firm looks on the bright side following Q4 loss.
    2008-03-10 09:49:40

  • McCain Seeks To Re-energize GOP (WCBS-TV New York)

    Tuesday night in Dallas marked a historic comeback for a campaign that had been considered dead, finished. McCain claimed the nomination at the end of an exhausting and emotional day. 60 Minutes correspondent Scott Pelley met the senator and his wife, Cindy, after his speech.
    2008-03-10 09:58:22

  • Billeo, PRBC launch program to build credit

    San Jose Business Journal - PRBC is offering its credit reports along with the FICO Expansion Score to mortgage lenders to better assess the credit risk of nearly 50 million adults who have little or no credit history on file.
    2008-03-10 05:26:00

  • FBI investigates Countrywide for securities fraud

    The Australian - ... had strict and selective underwriting and loan origination practices, ample liquidity that would not be jeopardised by negative changes in the credit and housing markets, and a conservative approach that set it apart from other mortgage lenders", the ...
    2008-03-10 06:23:00

  • Countrywide shares fall after FBI probe reports

    Reuters South Africa - Like many mortgage lenders, Countrywide has suffered from falling home prices, soaring defaults, tighter capital markets, and a plunge in investor demand for many of its home loans. Continued.
    2008-03-10 07:06:00

  • FTSE loses gains as miners weaken

    Financial Times - Mortgage lenders were again among the worst performing stocks after Thornburg Mortgage, down 32.4 per cent at $1.21, said it could not meet $610m in margin calls
    2008-03-10 07:57:00

  • Brian Marine Joins Amerisave Mortgage Corp. as Loan Advisor

    WebWire - Amerisave is now licensed in all 50 states, and is currently one of only five Certified upFront Mortgage Lenders in the US. Related Links Amerisave Mortgage Corp.
    2008-03-10 07:57:00

  • Strains drive Australian bank rates to 13-year high

    Reuters - The credit stress spilled over from the United States last week where the Federal Reserve was forced to promise billions of extra dollars to ease a logjam in the markets which had seen intense pressure on some hedge funds and mortgage lenders.
    2008-03-10 07:21:00

  • Nervous investors turn stocks lower

    CNN Money - Mortgage lenders in focus. Fannie Mae ( FNM ) tumbled 6% after Barron's suggested the mortgage backer may need a government bailout if the housing market continues to deteriorate.
    2008-03-10 07:42:00

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