Mortgage and Financial News From 2008-7-14 Page 01
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Rough justice catches up with Fannie and Freddie - Independent
Treasury secretary Henry Paulson said the US Treasury Department and Federal Reserve would lend money "if necessary" to embattled Fannie Mae and Freddie Mac No amount of jawboning will disguise the basic problem that the massive losses in US mortgage ...
2008-07-14 11:21:00 -
Jeremy Warner's Outlook: Spanish price for A&L is a miserable one but ... - The Independent
So farewell then Alan Gillespie, forced to resign as incoming chairman of Alliance & Leicester before he had even started in the job. With Banco Santander agreeing takeover terms, he will not now be taking up a posting which was announced only last ...
2008-07-14 05:44:00 -
Santarus increases credit facility to $25 million - CNBC
SAN DIEGO - Drug developer Santarus Inc. said Monday that Comerica Bank has agreed to increase its revolving line of credit to $25 million and extend the maturity date to July 11, 2011. Santarus plans to use the credit facility for working capital ...
2008-07-14 07:50:00 -
To the rescue of Fannie & Freddie - The Independent
Shares of many US regional banks plunged again yesterday, despite Henry Paulson's promised bail-out of America'stwin mortgage giants. By Stephen Foley The promise of a United States government bail-out for the mortgage finance giants Fannie Mae and ...
2008-07-14 05:37:00 -
Fannie Mae and Freddie Mac on trial - Times Online
It was rather timely that the US Securities and Exchange Commission (SEC) chose Sunday to announce that it is to begin aggressively pursuing the rumour-mongering on Wall Street that has apparently been so damaging to the health of otherwise ...
2008-07-14 04:54:00 -
Microfinance raises fresh sub-prime fears - Times Online
Leading bankers fear another potential sub-prime scandal in poverty hotspots across the world with the advent of Microfinance, where lenders make tiny loans to impoverished borrowers. Microfinance has been marketed as offering a "double bottom line ...
2008-07-14 07:36:00 -
Thailand, Philippines May Raise Rates on Inflation (Update1) (Bloomberg.com)
July 15 (Bloomberg) -- Policy makers in Thailand and the Philippines may increase interest rates this week, joining central banks across the region in raising borrowing costs to contain inflation that's at the fastest in at least a decade.
2008-07-14 07:59:50 -
Good Question: Who Are Fannie Mae And Freddie Mac? (WCCO Minneapolis - St. Paul)
There's a good chance that even though you write a mortgage check to your bank, someone else actually owns the loan. Fannie Mae and Freddie Mac own half of the nation's home loans, and they are in trouble. The federal government is pledging to rescue the mortgage giants, because they are so important. But who are Fannie and Freddie?
2008-07-14 09:03:47 -
Galoc oil production delayed again (Manila Standard Today)
COMMERCIAL production from the Galoc oil field in Palawan has been moved to August after a typhoon damaged the mooring system on the production ship, said Nido Petroleum, a partner in the venture.
2008-07-14 09:06:09 -
Q&A: Freddie, Fannie and the state of mortgages (Houston Chronicle)
Questions and answers about Fannie Mae and Freddie Mac and their role in the mortgage market:
2008-07-14 10:48:17 -
frederick county bank braces for challenges Latest quarterly statement shows a drop in income (The Frederick News-Post)
Frederick County Bank's latest quarterly statement shows a drop in income from a year ago, but the financial institution's president said there are many factors for that.
2008-07-14 11:09:26 -
Priority is to prevent crisis of liquidity - Financial Times
To resolve the crisis at Fannie Mae and Freddie Mac policymakers need to address three issues in sequence: liquidity, capital and structure. Sunday’s announcements by the US Treasury and the Federal Reserve tackle the first issue head on, lay the ...
2008-07-14 08:29:00 -
Ferrovial refinance plans take off - Herald
Ferrovial, the Spanish owner of the UK's major airports including Glasgow, Edinburgh and Aberdeen, has finally been given the green light for a refinancing which ought to pave the way for reinvestment. Institutional investors holding the bonds used ...
2008-07-14 02:45:00 -
American taxpayers: Mortgage fix too small to matter - Detroit News
The federal bailout of mortgage backers Fannie Mae and Freddie Mac brings to mind the phrase "moral hazard." That's not the name of a country singer, but what occurs when you create an incentive that lets people or institutions take undue financial ...
2008-07-14 10:02:00 -
INTERVIEW-Thai PTT weighs $1.2 bln bonds to refinance debt - Reuters UK
BANGKOK, July 14 (Reuters) - PTT PCL PTT.BK, Thailand's top energy firm, said on Monday it might sell up to 40 billion baht ($1.2 billion) worth of bonds, mostly in foreign markets, to refinance debt later this year. The move would allow Thailand's ...
2008-07-14 01:24:00