Mortgage and Financial News From 2008-7-17 Page 13
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No choice but to prop up mortgage giants - Des Moines Register
"If your question is, 'Should the government bail out private enterprise?,' the answer is, 'No, it shouldn't.' And by the way, the decisions on Fannie Mae and Freddie Mac - I hear some say 'bailout' - I don't think it's a bailout. The shareholders ...
2008-07-17 01:49:00 -
E-mail, Internet add to paper use - Detroit Free Press
Thirty years ago, as new computing and communications technology started to come to the fore, technology researchers and analysts began to talk confidently about the coming paperless society. Today, many such experts would settle for a society that ...
2008-07-17 12:16:00 -
FBI EYES INDYMAC FRAUD - New York Post
WASHINGTON - IndyMac is under investigation by the FBI for possible fraud involving home loans made to risky borrowers, The Associated Press reported yesterday, citing an unnamed law enforcement official. The report said it was not immediately clear ...
2008-07-17 12:16:00 -
IN BRIEF - Newsday
Oil prices settled sharply lower for the second time in a row yesterday, leaving crude more than $10 cheaper in just two days of frenzied trading and prompting speculation that the hard-charging market may be running out of steam. Light, sweet crude ...
2008-07-17 02:25:00 -
Banks recovery pushes FTSE higher - Times Online
A rebound in banking stocks, led by a rally on Wall St, pushed the London market higher today as sliding oil prices overnight added to the positive tone. At 9:50am the FTSE 100 index had risen 75 points to 5,225.6. The biggest two day drop in oil ...
2008-07-17 02:32:00 -
Mitsubishi UFJ Leads Asia Banks Higher on U.S. Rally (Update2) - Bloomberg
July 17 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. helped Asian banks and brokers to the strongest advance in three months after Wells Fargo & Co. beat profit estimates, sparking a record gain by financial shares in New York. The MSCI Asia ...
2008-07-17 12:01:00 -
B&B wins approval for rights issue - International Herald Tribune
SHEFFIELD : Mortgage bank Bradford & Bingley won shareholder backing for a 400 million pound rights issue rescue but not until executives were quizzed on the troubled fundraising and the lender's future. Shareholders voted in favour of the deal on ...
2008-07-17 02:46:00 -
Home Prices Unchanged in Queens, Long Island as Loans Tighten - Bloomberg
July 17 (Bloomberg) -- Sales of homes in Long Island and Queens, New York, declined in the second quarter as mortgage companies tightened lending standards. The number of sales fell 5.3 percent to 8,694 from a year earlier, appraiser Miller Samuel ...
2008-07-16 11:11:00 -
FBI 'probes US mortgage lender' - BBC Business
Media reports say the Federal Bureau of Investigation (FBI) inquiry involves the bank's practice of giving home loans to risky borrowers. The FBI would not name IndyMac, but said it had widened its investigation of the US sub-prime mortgage industry ...
2008-07-17 03:15:00 -
Western Standard Energy acquires Bakken acreage in North Dakota - Energy Business Review
Under the terms of the letter of intent, Western Standard has a 100% working interest, subject only to landowner's royalties and a 20% back in working interest to Oil For America (OFA), after payout. Depth of the Bakken objective, within the ...
2008-07-14 05:59:00 -
Right product, right demand - Business24-7
Many have asked this question before, and many are wondering if we are really living a bubble in the real estate market in Dubai. This article is meant to shed some light on demand, supply and overall macroeconomic data, which will help answer this ...
2008-07-16 12:20:00 -
Stock market falls after inflation warning - Vancouver Sun
The Canadian dollar soared briefly above parity with its U.S. counterpart on Tuesday and the stock market plunged more than 400 points after the Bank of Canada warned that inflation will rise a lot more than expected, even as economic growth slows ...
2008-07-16 01:14:00 -
Dollar flat in lackluster trade, bonds fall - Saskatoon Star Phoenix
TORONTO (Reuters) - The Canadian dollar was flat against the U.S. dollar in lackluster trading on Wednesday as investors looked forward to the Bank of Canada's Monetary Policy Report Update on Thursday for more insight into its economic outlook ...
2008-07-16 02:43:00 -
Time to scrap minimum annual RRIF withdrawal rates - Nationalpost.com
William Robson, of C.D. Howe Institute. Kaz Ehara for the National Post The C.D. Howe Institute argues it's time to lower minimum withdrawal rates from Registered Retirement Income Funds (RRIFs) or even abolish mandated annual withdrawals altogether ...
2008-07-14 05:59:00 -
European inflation up, car sales down - CNN Money
NEW YORK (Associated Press) - Soaring fuel and food prices drove inflation to a record high of 4 percent and car sales tumbled in June in the euro region, according to statistics published Wednesday by the government and car manufacturers. The ...
2008-07-16 04:27:00