Mortgage and Financial News From 2008-5-5 Page 3
Previous Day: 2008-05-04
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Aussie stocks decline 0.8 pct as banks retreat (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, May 6 (Reuters) - Australian shares fell 0.8 percent on Tuesday, dragged down by a weak financial sector after St George Bank Ltd SGB.AX missed market expectations for first-half profit and trimmed its full-year outlook.
2008-05-05 06:08:35 -
St George Bank H1 profit down (The West Australian)
St George Bank Ltd has delivered a fall in first half profit and narrowed its earnings guidance for the full year, after equity market volatility impacted its bottom line.
2008-05-05 06:27:39 -
Murdered Couple Laid to Rest (Newstalk 1010 CFRB)
A final goodbye for Nazifa and Rahim Shahghasy. The Brampton couple was stabbed to death on Wednesday by a complete stranger and have now been laid to rest in a ceremony attended by hundreds of mourners.
2008-05-05 06:30:41 -
CORRECTING and REPLACING NYMAGIC, INC. Reports 2008 First Quarter Results (Business Wire via Yahoo! Finance)
NEW YORK----In Net investment income results table, investment expenses for 2008 should read $ (sted $). All figures are in millions.
2008-05-05 06:35:00 -
(AFX UK Focus) 2008-05-06 02:34 Australian shares lower early on decline by banks after St George disappoints (Interactive Investor)
SYDNEY (Thomson Financial) - Australian shares were lower in early trading on Tuesday, dragged down by the banking sector following the nation's fifth largest bank St George reporting a less-than-expected 6.2 percent rise in first half cash net profit.
2008-05-05 06:52:35 -
St George earnings hurt by 'challenging conditions' (Australian Broadcasting Corporation)
Australia's fifth-biggest bank is looking for a significant improvement after a sharp drop in half-year profits.
2008-05-05 06:54:31 -
Treasury to Put Pressure On Mortgage Firms - Wall Street Journal
WASHINGTON -- The Treasury Department, in an effort to make its main program for helping home borrowers hit by the subprime mess more effective, plans to step up pressure on mortgage companies. Officials have called a six-hour meeting Tuesday with ...
2008-05-05 05:27:00 -
US Treasury, mortgage sector to discuss bailout failings - Forbes
WASHINGTON (Reuters) - U.S. Treasury officials and mortgage industry representatives will meet Tuesday to discuss how they can win more backing for foreclosure prevention efforts that now freeze out many investors, sources familiar with the meeting ...
2008-05-05 12:48:00 -
GMAC's ResCap mortgage unit may fail to pay debts - Reuters
NEW YORK (Reuters) - GMAC LLC's mortgage unit on Monday said it would need to raise $600 million by the end of June to pay its debts and avoid "negative liquidity," even if a $14 billion bond exchange offer were successful. The disclosure by ...
2008-05-05 01:31:00 -
US mortgage firm deal 'at risk' - BBC Business
A deal for Countrywide Financial, the third largest US mortgage lender, to sell itself to the Bank of America may be at risk, analysts have said.
2008-05-05 02:43:00 -
U.S. stocks fall Oil surges past $120 - International Herald Tribune
NEW YORK : U.S. stocks fell on Monday as resurgent oil prices set a record over $120 a barrel and doubts about Bank of America's plan to buy the largest U.S. mortgage lender renewed concerns about the nation's economic health. The jump in crude oil ...
2008-05-05 01:10:00 -
Countrywide shares fall as analysts question deal price - Boston Globe
NEW YORK— Shares of Countrywide Financial Corp. tumbled Monday as two analysts said Bank of America Corp.'s planned acquisition for the mortgage lender could be renegotiated to a lower price. Countrywide shares fell 78 cents, or 13 percent, to $5 ...
2008-05-05 04:01:00 -
Frank wants answers on jumbo loan inaction - Boston Globe
A key House lawmaker is complaining that the mortgage industry hasn't done its part to make higher-value loans available in costly housing markets after Congress took action in February. US Representative Barney Frank, a Newton Democrat, said today ...
2008-05-05 10:32:00 -
Credit scores -- How do they affect you? (Reno Gazette-Journal)
Credit scores play a big role in our lives today. It is important to know how they are derived and how they affect your ability to purchase a home, a car, qualify for a credit card or even gain employment.
2008-05-05 04:46:57 -
U.S. moving ahead on urgent student loan programs (Boston Globe)
The Bush administration said on Monday it will be ready to accept requests for emergency student loans from state guaranty agencies by June 1 under a program to stabilize the $85 billion student loan industry.
2008-05-05 05:21:56