Mortgage and Financial News From 2008-7-14 Page 6
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$A edges above US97c overnight (Stock & Land)
The $A soared to above $US97c overnight, into a 25-year high, amid continued credit market concerns battering the US currency. It’s the first time it's been this high since the days of a fixed exchange rate.
2008-07-14 05:52:53 -
High stakes for housing (The Palm Beach Post)
As regulators and lawmakers scrambled Monday to boost confidence in Fannie Mae and Freddie Mac, real estate agents were praying for their success.
2008-07-14 05:53:12 -
Phils' Carrasco hurls into trade spotlight (Philadelphia Phillies)
Phils' Carrasco hurls into spotlight
2008-07-14 05:56:03 -
Liberty Mutual and Safeco Report Transaction Continues on Schedule for Closing (Business Wire via Yahoo! Finance)
BOSTON & SEATTLE----Liberty Mutual Group and Safeco Corporation announced that Liberty Mutual reaffirms its commitment to consummate its previously announced acquisition of Safeco by the end of the third quarter of 2008, subject to receipt of Safeco shareholder approval and applicable regulatory approvals.
2008-07-14 06:00:00 -
King aids inflation fight by rejecting massive pay rise (Independent)
In keeping with the calls for wage restraint to help curb commodity price-induced inflation, the Governor of the Bank of England is forgoing a pay increase that could have seen his salary rise by more than £100,000 a year.
2008-07-14 06:03:18 -
In banking crisis, U.S. steps up - Christian Science Monitor
Reporter Mark Trumbull discusses the federal government's role in helping financial institutions cope with tumult in the housing market. Actions this week by federal regulators open a new phase in America's banking crisis – with the government ...
2008-07-14 12:51:00 -
Mortgage Giants Slip Despite Rescue Plan - Washington Post
Government efforts to support mortgage giants Fannie Mae and Freddie Mac drew a restrained response from investors today, with the stock prices of the two companies rising only modestly after last week's steep collapse, but by midday investors turned ...
2008-07-14 12:58:00 -
Federal Home Loan Banks Structured For Breathing Room - CNN Money
Despite the failure of a lender the size of IndyMac Bancorp Inc. (IMB), the Federal Home Loan Banks continue to be a source of funds for banks, observers said. On Friday, the Federal Deposit Insurance Corp. took over IndyMac, the Pasadena, Calif ...
2008-07-14 12:51:00 -
Fed Tightens Mortgage Rules to Curb Abusive Practices (Update2) - Bloomberg
July 14 (Bloomberg) -- The Federal Reserve tightened its mortgage rules by requiring lenders to determine a borrower's ability to repay and barring other practices that led to the collapse of the U.S. housing market. The Fed Board of Governors voted ...
2008-07-14 12:37:00 -
Washington Mutual shares tumble Monday afternoon - CNBC
NEW YORK - Shares of Washington Mutual Inc. plunged Monday afternoon as investors shied away from banks with large mortgage portfolios after IndyMac Bancorp Inc. failed late Friday and was taken over by the Federal Deposit Insurance Corp. Washington ...
2008-07-14 10:28:00 -
United Guaranty marks international anniversary - Greensboro Business Journal
AIG United Guaranty is celebrating the 10th anniversary of its Israeli subsidiary EMI-Ezer Mortgage Insurance Co., which was founded in Jerusalem in 1998, according to an announcement. Like its Greensboro-based parent company, EMI-Ezer insures ...
2008-07-14 08:26:00 -
Dodd doesn't expect many bank failures (Moldova.org)
The chairman of the U.S. Senate Banking Committee said Monday he does not expect many banks to fail as IndyMac Bancorp did last week.Federal Deposit Insurance Corp. head Sheila Bair has indicated there are problems with other banks, said Sen. Chris Dodd, D-Conn., in an appearance on CBS' Early Show, The Hill reported.Dodd said he is more optimistic about mortgage giants Fannie Mae and Freddie ...
2008-07-14 04:36:46 -
MONEY: What if my bank fails? Some questions and answers (North County Times)
The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next.
2008-07-14 04:38:21 -
Bank Stocks Are Battered as Unease Grows (New York Times)
Investors continued to beat down bank stocks on Monday, fearing that the government?s aid to help Fannie Mae and Freddie Mac would not hold back the rising tide of bad loans.
2008-07-14 04:44:22 -
Grieving ‘widow’ used ‘guile’ to pull off drowning con (Irish Examiner)
THE wife of the back-from-the-dead canoeist John Darwin used “guile, convincing pretence, persistence and guts” to trick people her husband had drowned and pull off a £250,000 (€313,335) con, a court heard yesterday.
2008-07-14 04:46:49