Mortgage and Financial News From 2008-9-4 Page 7
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THE RUPEE: slight recovery registered (Business Recorder)
KARACHI (September 05 2008): The SBP President's statement came to rescue the rupee versus the dollar on the currency market on Thursday, dealers said. On the interbank market, the rupee rose by five paisa in terms of the dollar for buying and selling at 76.90 and 76.95, dealers said.
2008-09-04 03:40:59 -
U.S. stocks slide on global economic concerns (MarketWatch via Yahoo! Finance)
U.S. stocks fall sharply, with the Dow industrials suffering a 344-point decline, as rising jobless claims data, mixed retail sales and weaker oil prices fuel concerns about slowing growth both at home and abroad.
2008-09-04 03:41:00 -
Your house is losing £100 a day as prices fall by nearly 13% and interest rates are frozen (Daily Mail)
The price of an average house is now dropping by almost £100 a day following a record slump in the property market last month, alarming findings from the Halifax revealed today.
2008-09-04 03:42:11 -
Bond insurer CIFG close to deal on derivatives - Reuters
NEW YORK, Sept 2 (Reuters) - CIFG Holding, a bond insurer hit by losses on guarantees it wrote on mortgage-backed securities, on Tuesday said it is close to reaching an agreement with counterparties to reduce its exposure to the thorny investments ...
2008-09-02 11:37:00 -
Norwich Union to slash final policy bonuses by 10% - Times Online
More than 2.4 million Norwich Union with-profits policyholders will miss out on cash payouts averaging £2,000 after the insurer moved to cut its final bonus rates in the wake of tumbling markets. Norwich Union, owned by Aviva, said that it would be ...
2008-09-04 12:36:00 -
Burgesses Limited: Mortgage borrowers are wasting GBP480 million a ... - Insurance News Net
Burgesses Limited: Mortgage borrowers are wasting GBP480 million a year on overpriced Mortgage Insurance says Burgesses.com RDATE:01092008 Mortgage borrowers are wasting GBP480 million a year on overpriced Mortgage Payment Protection Insurance (MPPI ...
2008-09-02 09:36:00 -
GMAC's mortgage arm cutting jobs - Detroit Free Press
The nation's mortgage and credit problems claimed another big victim Wednesday, as GMAC Financial announced that its home mortgage arm would lay off up to 5,000 workers and close 200 consumer offices nationwide. The majority of the layoffs will take ...
2008-09-04 12:15:00 -
Q&A: New law to ease mortgage crisis takes explanation - Post-Crescent
The Housing and Economic Recovery Act of 2008, signed into law by President Bush on July 30, has sparked numerous debates over its mechanisms to assist struggling homeowners, future homebuyers and lending institutions. However, some of the complex ...
2008-09-04 01:55:00 -
A new way to tap into home equity (Minneapolis-St. Paul Star Tribune)
Three companies will give homeowners cash in return for a chance to share in the future appreciation of their houses.
2008-09-04 01:54:46 -
Legacy Bancorp, Inc. Declares Quarterly Cash Dividend of $0.05 per Common Share (wallstreet:online AG)
Legacy Bancorp, Inc. (the "Company" or "Legacy") (NASDAQ: LEGC), the holding company
2008-09-04 02:09:49 -
Jobless claims post surprise jump; worker productivity soars (Seattle Times)
The number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the government said today, reversing three...
2008-09-04 02:17:04 -
Update Regarding Hurricane Gustav Impact (PR Newswire via Yahoo! Finance)
IBERIABANK Corporation , the holding company of the 121-year-old IBERIABANK and Pulaski Bank and Trust Company , provided an update regarding the impact of Hurricane Gustav on the Company's operations in response to recent inquiries from the investment community.
2008-09-04 02:22:00 -
Stocks plummet after retail, unemployment data (KATU Portland)
Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery.
2008-09-04 02:39:47 -
Fiserv Announces Plans to Leverage Its Case-Shiller(R) Home Price ... - MSN MoneyCentral
Fiserv, Inc. FISV , a leading provider of information technology services to the financial industry, today announced two developments related to the company ’ s Fiserv Case-Shiller ® Home Price Indexes, which are widely recognized as the most ...
2008-09-02 10:19:00 -
Florida's Housing Woes: Banks With "Troubled" Exposure - CNBC
Some interesting intelligence from one of the ground zeroes of the housing market: Florida. Paul Miller of FBR published some financial “ramblings” (his word not mine) on a recent trip to Florida’s West Coast. The group from Friedman Billings ...
2008-09-03 09:42:00