Mortgage and Financial News From 2008-2-8 Page 5

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  • German bank WestLB to slash jobs - Telegraph.co.uk

    German bank WestLB to slash jobsTelegraph.co.uk, United Kingdom - 2 hours agoWestLB also wants to boost revenues by increasing the business it does with smaller and medium-sized companies and boosting its retail offer through closer ...
    2008-02-08 07:24:19

  • Wachovia to Host a Fixed Income Investor Update - FOXBusiness

    Wachovia to Host a Fixed Income Investor UpdateFOXBusiness - 2 hours agoWachovia Corporation (NYSE: WB) is one of the nation's largest diversified financial services companies, with assets of $782.9 billion and market ...
    2008-02-08 07:59:38

  • Cognizant Q4 revenues rise 4% - Sify

    Cognizant Q4 revenues rise 4%Sify, India - 1 hour agoUnlike most Indian IT companies that reported lower margins due to the slowdown in the US economy (sub-prime crisis and nose-diving housing mortgage loans), ...
    2008-02-08 08:19:12

  • Fitch, Moody's Draw Scrutiny - Wall Street Journal

    Fitch, Moody's Draw ScrutinyWall Street Journal - 1 hour ago... those firms gave to mortgage bonds that looked safe until the housing market swooned last year. Regulators are probing whether the three companies were ...
    2008-02-08 09:01:43

  • Unclaimed money can be yours for free - FayObserver.com

    Unclaimed money can be yours for freeFayObserver.com, NC - 1 hour agoDoes it take a certain amount of time for banks and mortgage companies to cut these rates? — KB, Fayetteville A: You’re talking about two different kinds of ...
    2008-02-08 09:03:24

  • Democrats overwhelmingly vote to pass Bush’s economic stimulus bill - World Socialist Web Site

    Democrats overwhelmingly vote to pass Bush’s economic stimulus billWorld Socialist Web Site, MI - 53 minutes agoMajor banks, mortgage companies and hedge funds have already suffered billions in losses from the collapse of the housing market and failure of speculative ...
    2008-02-08 09:17:34

  • They gambled with our home loans, but the game must go on - Los Angeles Times

    They gambled with our home loans, but the game must go onLos Angeles Times, CA - 46 minutes agoIn the mortgage business these days, many lenders simply won't make a loan unless they can sell it to a federally backed buyer. ...
    2008-02-08 09:24:01

  • Economist tells Wilton Chamber the state won't be as hard hit in ... - Wilton Bulletin

    Economist tells Wilton Chamber the state won't be as hard hit in ...Wilton Bulletin, CT - 42 minutes agoBut Connecticut should not be as hard hit by an economic downturn because one of the bases of a recession would be subprime mortgage problems. ...
    2008-02-08 09:28:36

  • G-7 Ministers Pledge Fast Action on Better Banking Regulation - Bloomberg

    G-7 Ministers Pledge Fast Action on Better Banking RegulationBloomberg - 33 minutes agoThe comments put the spotlight on ways to prevent a repeat of the US subprime mortgage crisis, rather than fixing its damping effects on economies. ...
    2008-02-08 09:37:21

  • PRESS DIGEST - Financial Times - Feb 9 - Reuters

    PRESS DIGEST - Financial Times - Feb 9Reuters - 7 minutes agoThe Council of Mortgage Lenders, the Financial Services Authority, the Royal Institution of Chartered Surveyors and police forces round the country are all ...
    2008-02-08 10:03:03

  • Parade of Homes still has appeal for high-end buyers (and some in ... - Pioneer Press

    Parade of Homes still has appeal for high-end buyers (and some in ...Pioneer Press, MN - 4 minutes agoA: The builders want to sell their homes, and oftentimes they're offering incentives, but require people to use their mortgage companies, and it might be ...
    2008-02-08 10:06:03

  • Economist tells Wilton Chamber the state won't be as hard hit in downturn (Wilton Bulletin)

    The economy may be seeing a downturn, but the theme of a talk given at the Chamber of Commerce’s “Eggs and the Economy” breakfast is that in Connecticut it could certainly be worse.
    2008-02-08 09:33:26

  • Overseas Funds Resist Calls for a Code of Conduct (NYTimes.com via Yahoo! Finance)

    The funds argue that a code is unnecessary because their investments are already strictly commercial in nature.
    2008-02-08 09:42:32

  • A Mixed End to a Dismal Week (NYTimes.com via Yahoo! Finance)

    The market has been shaken by uncertainty surrounding bond insurers and whether they will be able to handle large losses in the value of mortgage-backed bonds.
    2008-02-08 09:42:32

  • Markets end bleak week mixed (The Star-Ledger)

    Wall Street finished a dismal week with a mixed performance yesterday as investors grappled with fears about insurers of distressed mortgage-backed bonds and anxiety about the broader economy.
    2008-02-08 09:52:17

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