Mortgage and Financial News From 2008-5-9 Page 4
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House passes rescue package for mortgage crisis - Christian Science Monitor
Washington - Despite a presidential veto threat, the House passed a broad home-loan rescue package on Thursday that aims to stem a tide of foreclosures. At the heart of the plan is a move to shift homeowners from subprime mortgages they can no longer ...
2008-05-09 12:22:00 -
More Blue-Light Specials on the Way at Citigroup (NYTimes.com via Yahoo! Finance)
In Vikram Pandit’s first major presentation to investors and analysts, the Citigroup chief said the company planned to sell about $400 billion in assets in the next two to three years.
2008-05-09 12:37:19 -
PMI Streamlines Loan Modification Process and Helps More Americans Save Their Homes (PR Newswire via Yahoo! Finance)
PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. , today announced that it has issued new guidelines for modification of insured loans that will help more distressed borrowers save their homes.
2008-05-09 12:39:00 -
Regions Announces 2008 Regions Charity Classic Junior Poster Contest Winners (Centre Daily Times)
Regions Financial Corporation (NYSE: RF) announced today the winners for the 2008 Regions Charity Classic Junior Poster Contest. Meagan Daves, a third grade student at Bayside Academy in Daphne, Ala., was selected as the grand prize winner in the statewide poster competition hosted by Regions. Today, Daves was surprised at school with the announcement that her poster was selected as the overall ...
2008-05-09 12:51:26 -
Mood swings against US homes rescue (Financial Times)
A senior White House official set out two conditions on Thursday that would have to be met if the administration is to reach agreement with Democrats on a housing finance plan.
2008-05-09 12:59:38 -
Investor 500: A world of opportunity – Foreign markets (Canadian Business)
The International Monetary Fund’s World Economic Outlook reports don’t generally make for ideal bedtime reading, but the April edition is especially apt to give one a restless night, if not actual nightmares.
2008-05-09 01:09:00 -
Downtown Business Recognition recipients (The Beaver County Times)
Downtown Recognition recipients for spring-summer 2008 have been honored by various downtown organizations throughout Beaver County.
2008-05-09 01:19:32 -
Legal aid to ease repossession fear - Western Telegraph
Families facing having their house repossessed because of the credit crunch will get free legal help to avoid losing their homes, the Government has announced. Housing Minister Caroline Flint said the move was needed to prepare for mortgage ...
2008-05-08 07:33:00 -
Witnesses: Mortgage lenders abusing court system - USA Today
Mortgage lenders are abusing the bankruptcy court system by pursuing unjustified foreclosures against struggling homeowners, piling on questionable fees and misstating the amounts owed, witnesses alleged at a congressional hearing on Tuesday. The ...
2008-05-06 05:55:00 -
Key Pirelli tire unit Q1 flat, forecast confirmed - Guardian Unlimited
MILAN, May 9 (Reuters) - Pirelli & C's main tire business had virtually flat results for the first quarter due to a tough market, but stuck to its forecast for the year despite rising raw materials costs and weaker car sales in key markets. For the ...
2008-05-09 11:17:00 -
Forex - Euro firms as markets mull interest rate outlook, pound slips ... - Forbes
LONDON (Thomson Financial) - The euro remained firm against the dollar despite the release of a downbeat lending survey from the European Central Bank, as investors scaled back their expectations for when interest rates in the 15-nation currency zone ...
2008-05-09 05:27:00 -
Bovespa Drops on Rate Concern, Lojas Americanas; Mexico Slumps - Bloomberg
May 9 (Bloomberg) -- Brazilian stocks fell to the lowest in a week after Lojas Americanas SA , the nation's biggest retailer, reported profit that missed estimates and the highest inflation in two years raised speculation interest rates will rise ...
2008-05-09 10:42:00 -
Fitch Affirms R.H. Donnelley Corp IDR at 'B+'; Outlook to Negative - Forbes
Fitch Ratings has affirmed the Issuer Default Ratings (IDR) on R.H. Donnelley Corp (RHD), R.H. Donnelley, Inc. (RHDI), Dex Media, Inc. (DXI), Dex Media East (DXE) and Dex Media West (DXW) at 'B+'. Fitch expects to rate the amended RHDI credit ...
2008-05-09 11:10:00 -
Colombia Peso Bonds Drop for Fifth Day on Interest-Rate Outlook - Bloomberg
May 9 (Bloomberg) -- Colombia's government bonds declined for a fifth day on speculation the central bank may raise interest rates to combat inflation. Economists raised their median forecast for 2008 inflation to 5.29 percent from 5.15 percent the ...
2008-05-09 11:10:00 -
Australian central bank raises inflation forecast - MSN MoneyCentral
SYDNEY, Australia (AP) - The Reserve Bank of Australia on Friday revised its inflation forecast upward, warning it will stay higher for longer. The upward revision suggests the bank's policy bias is still hawkish and future interest rate hikes are ...
2008-05-09 03:25:00