Mortgage and Financial News From 2008-1-26 Page 19

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  • Size matters for future of Rock - The Observer

    Size matters for future of RockThe Observer, UK - 28 minutes agoWhile these mortgage lenders struggle to raise any funds from the money markets to finance their lending, Northern Rock has not only been promised a bond ...
    2008-01-26 04:11:22

  • Relief on way with cheaper home loans - Scotsman

    Relief on way with cheaper home loansScotsman, United Kingdom - 27 minutes agoSeveral lenders adjusted their interest rates last week in anticipation of falls to come, including Abbey, Cheltenham & Gloucester, First Active, ...
    2008-01-26 04:12:33

  • EMT dies after being struck by vehicle on I-94 (Detroit Free Press)

    CHELSEA -- An emergency medical technician who stopped to assist a stranded vehicle amid snowy weather along Interstate 94 near Chelsea was struck by another vehicle and later died.
    2008-01-26 11:25:05

  • Reviewer of Subprime Loans to Aid Inquiry (New York Times)

    Clayton Holdings has agreed to provide evidence to prosecutors that banks had detailed information about the risks posed by subprime mortgages.
    2008-01-26 11:34:57

  • Feds: Woman used Craigslist to seek killer to target Calif. woman (Detroit Free Press)

    ROCKFORD, Mich. -- Federal authorities say a Michigan woman used Internet bulletin board Craigslist in a murder-for-hire plot with hopes finding someone to kill the wife of a California man she met online.
    2008-01-26 01:13:16

  • DETROIT: State troopers OK after being rear-ended on Lodge (Detroit Free Press)

    Two Michigan State Police troopers did not require medical attention after the cruiser they were sitting in was rear-ended on the Lodge Freeway on Saturday morning in Detroit.
    2008-01-26 01:43:18

  • W. Pa. mortgage broker sentenced in scam (WOOD TV 8 Grand Rapids)

    PITTSBURGH -- A mortgage broker who prosecutors say cost lenders between $400,000 and $1 million was sentenced to more than three years in federal prison.
    2008-01-26 02:55:12

  • Chicago still stands out for home prices (Calcutta News)

    While the volume of home sales in the Chicago area fell sharply in 2007, median sales prices in the city and suburbs are still rising.
    2008-01-26 04:09:03

  • Municipal bonds offering more than just tax advantage

    Chicago Tribune - As financial markets gyrate on talk of recession, interest rate cuts, tax cuts and troubles of bond insurers, municipal bonds have become cheaper to buy and their yields more like taxable bonds. "Almost anyone in the 28 percent tax bracket or above ...
    2008-01-26 08:25:00

  • This Is When You Sell

    MSNBC - If you've been an investor for any length of time, you know many events can cause a stock to drop: Bad earnings, analyst downgrades, interest rate rumors, short sellers -- the list goes on and on. But here's an event you may not have pegged as a ...
    2008-01-26 06:51:00

  • Taking the Bears to Task

    New York Times - That day, the Dow fell 465 points after the opening bell, then recovered somewhat as it digested the news of the Federal Reserve’s interest rate cut, closing down 128 points. BACK FROM THE FUTURE The Atlantic has made access to its Web site free ...
    2008-01-26 12:28:00

  • French rally behind rogue trader as fraud scandal spreads

    Guardian Unlimited - By Wednesday, with the mini-crash staunched by the American interest rate announcement, the bank had lost huge sums of money but had avoided total disaster. French officials last week fought accusations that the scandal had at least aggravated the ...
    2008-01-26 03:05:00

  • Merryn on Money: Asia is no safe haven

    Times Online - And we know that interest-rate cuts don’t automatically make everything okay: markets everywhere remained highly volatile even after the Federal Reserve cut interest rates in the US by a shock 0.75 percentage points in one go. But the biggest ...
    2008-01-26 02:58:00

  • European Government Bonds Halt 5-Week Rally as Stocks Pare Drop

    Bloomberg - The yield on the three-month Euribor interest-rate futures contract expiring in June rose 7 basis points to 4.03 percent yesterday. ``I don't see a risk of recession in Europe's economy,'' Almunia said yesterday in an interview at the ...
    2008-01-26 08:39:00

  • Area residents debate what to do with rebate

    MSNBC - He said the Federal Reserve's lowering this week of a key interest rate by 0.75 basis points to 3.5 percent will do more to stimulate the economy. "A $600 rebate by itself is not going to have a great impact," he said. Despite Ms. Petty's bullish plans ...
    2008-01-26 02:01:00

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