Mortgage and Financial News From 2008-7-30 Page 10
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Hard lessons of university debt (St Albans Observer)
YOU can always tell that something is up when banks won’t give students money.
2008-07-30 05:34:27 -
U.S. Stock Futures Gain as Oil Falls; Continental, GM Advance - Bloomberg
July 30 (Bloomberg) -- U.S. stock-index futures gained as lower oil prices boosted earnings prospects for airlines and automakers, overshadowing disappointing results from OfficeMax Inc. and MetLife Inc. Continental Airlines Inc., the fourth-largest ...
2008-07-30 04:11:00 -
Booms, Busts, and "Krugpot" Economics (Ludwig von Mises Institute)
In a recent column, Paul Krugman tries to explain the "Bush bust." Instead of clear, cogent economic theory, we are fed a mass of contradictory ideas, a bit of political partisanship, and explanations that simply make no sense.
2008-07-30 05:45:25 -
Questions/Answers (Inland Valley Daily Bulletin)
Questions and answers on Daily Bulletin stories from readers like you. Homeownership, a dream for many Americans, has become a nightmare for those in the thick of the foreclosure crisis.
2008-07-30 05:45:27 -
Next annual sales to fall on bleak outlook - Times Online
Next, the high street clothing retailer, expects sales for the rest of 2008 to fall following a 6 per cent decline in the first six months of the year as customers' budgets are squeezed on rising food, fuel and mortgage costs. The company revealed ...
2008-07-30 04:04:00 -
The Con In Central Bankers’ Confidence (GoldSeek.com)
Rising gold prices are a cold sore on the lip of central bankers. In the world of paper money, it’s a clear sign something’s not right Central bankers are the keepers of the keys to the kingdom. The kingdom, however, is on the edge of bankruptcy and in danger as never before.
2008-07-30 05:51:46 -
Lloyds TSB expects mortgage market to improve - Daily Telegraph
Lloyds TSB expects more mortgage lenders to come back to the market in the second half of the year, in a rare flicker of good news for the troubled industry. The British bank said that while many lenders have been retreating from the market, it is ...
2008-07-30 01:19:00 -
Area financially fit, review shows (St. Cloud Times)
At a time of scattered bank failures across the U.S., most Central Minnesota banks and credit unions are in adequate shape or are very strong.
2008-07-30 04:40:44 -
(AFX UK Focus) 2008-07-30 12:16 Lloyds TSB H1 pretax profit drops 70 percent on writedown UPDATE (Interactive Investor)
(Updating to add further analyst comment, detail from statement)
2008-07-30 04:47:01 -
Lloyds TSB profit dives on writedown (Reuters.co.uk)
LONDON (Reuters) - Lloyds TSB reported a 70 percent drop in first-half profits following a 585 million pound hit from its exposure to risky assets and warned that bad debts on mortgages are rising as house prices fall.
2008-07-30 04:50:07 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
Wall Street analysts see bigger 2008 loss for Merrill BANGALORE - Several analysts, including Oppenheimer's Meredith Whitney, widened their loss view on Merrill Lynch , after the Wall Street investment bank and brokerage said it will take a $5.7 billion third-quarter writedown as it unloads risky debt and raises $8.5 billion in capital. The announcement follows Merrill's ...
2008-07-30 04:55:39 -
Demand Surges on Foreclosure Sites (BusinessWeek Online via Yahoo! News)
Even some of Wall Street's biggest bears were taken aback by a recent report showing a surge in second-quarter home foreclosures. But the dour news was no surprise to Mark Britton, who runs Avvo.com, a Web site that lets users rate attorneys. Searches for foreclosure lawyers on Avvo had skyrocketed eightfold in six months. "A lot of people are hurting out there," says Britton.
2008-07-30 05:08:41 -
Obama, McCain mum on running mates (USA Today)
As speculation mounts, Democrat Barack Obama and Republican John McCain are narrowing their choices for vice presidential running mates with their nominating conventions just weeks away.
2008-07-30 05:10:55 -
Moody's Profit Falls 48% as Rating Demand Dries Up (Update2) (Bloomberg.com)
July 30 (Bloomberg) -- Moody's Corp. , the world's second- largest credit-rating company, said second-quarter profit fell 48 percent as demand slumped for ratings on mortgage bonds and collateralized debt obligations.
2008-07-30 05:20:44 -
MFA Mortgage Investments, Inc. Announces Second Quarter 2008 Financial Results (PR Newswire via Yahoo! Finance)
MFA Mortgage Investments, Inc. today reported net income of $33.0 million, or $0.20 per share of common stock, for the second quarter ended June 30, 2008.
2008-07-30 05:22:00