Mortgage and Financial News From 2008-2-18 Page 22
Previous Day: 2008-02-17
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Sub-prime woes hit mortgage giant
BBC Business - Countrywide Financial, the biggest mortgage lender in the US, has reported a 41% fall in home loans in January. Last month, Countrywide funded mortgages totalling $21.9bn (£11.1bn), compared with $37.1bn a year ago, while foreclosures reached record ...
2008-02-14 03:54:00 -
Britain nationalizes ailing Northern Rock
Reuters South Africa - You are here: Home > Article ... Britain's fifth-largest mortgage lender has borrowed 25 billion pounds ($49 billion) from the Bank of England since its ...
2008-02-17 11:36:00 -
UK's Brown faces grilling on N.Rock nationalization
Reuters South Africa - You are here: Home > Article ... Alistair Darling will announce new legislation allowing the government to take over Britain's fifth-largest mortgage lender ...
2008-02-17 11:58:00 -
UPDATE 1-Bank of China says profit strong; subprime covered
Reuters South Africa - ... the Chinese bank hardest hit by the subprime mortgage crisis, has made sufficient ... China's largest foreign exchange lender said last August it held $9.65 billion in ... other lenders say they are tightening lending standards -- and not just for home ...
2008-02-18 02:42:00 -
Britain nationalizes ailing mortgage bank
Seattle Times - ... subprime-mortgage quagmire, saying it would move today to nationalize Northern Rock, the nation's fifth-largest mortgage lender. ... The bank wrote a fifth of all new home loans in Britain last year before it fell victim to cash shortfalls stemming ...
2008-02-18 12:05:00 -
U.K. House Prices Rise for First Time in Four Months (Update1)
Bloomberg - HBOS Plc, the country's biggest mortgage lender, said Feb. 5 that home values stagnated in January. `Flat Trend' ``There's certainly a slowing down of the market,'' Rightmove's Shipside said. ``We see a flat trend and we ...
2008-02-18 01:16:00 -
Asian Stocks Decline, Led by ANZ Bank; Nippon Steel Advances
Bloomberg - Commonwealth Bank of Australia, the country's biggest mortgage lender, lost 5.1 percent to A$44. National Australia Bank Ltd., the nation's largest by assets, lost 3.7 percent to A$29.51. The three banks were the biggest drags on MSCI's Asian ...
2008-02-17 11:22:00 -
No Lull in Mortgage Pitches
New York Times - Many mortgage ads have shifted to the Internet, where it is more difficult to monitor them. Countrywide calls itself “America’s #1 Home Loan Lender” in Internet ads, and Wachovia says now is the “perfect time” to get a jumbo — or high ...
2008-02-18 01:09:00 -
Euro Declines Against Dollar as Noyer Sees Weaker EU Growth
Bloomberg - ... the U.K. government rejected bids from private companies to buy Northern Rock Plc and said it will nationalize the lender ... guarantees to the bank since September, when its credit lines dried up following the collapse of the U.S. subprime mortgage ...
2008-02-18 02:42:00 -
European Stocks Rise, Led by Credit Suisse; Asian Shares Fall
Bloomberg - HBOS Plc, the U.K.'s biggest mortgage lender, advanced 4.1 percent to 633.5 pence. Royal Bank of Scotland Group Plc, the U.K.'s second-largest bank, added 3 percent to 361.25 pence. UBS AG fell 1.9 percent to 35.34 francs after a Bear ...
2008-02-18 03:04:00 -
U.K. Government Starts Northern Rock Nationalization (Update4)
Bloomberg - Customers of the mortgage lender, once the U.K.'s fifth-largest, lined up for three days to withdraw deposits until Darling guaranteed savings in all U.K. banks. Darling's proposed legislation will give the government sweeping powers to ...
2008-02-18 03:11:00 -
Poland Spring Looks To Shapleigh As New Source Of Water (WMTW Auburn)
Poland Spring's search for a new source of water for its bottling operations takes it to the York County town of Shapleigh.
2008-02-18 03:28:19 -
Harsh Winter Adds To Problems Of Maine's Homeless (WMTW Auburn)
The cold, snowy winter is taking its toll on many Mainers, but those hardest hit may be the state's homeless.
2008-02-18 03:28:29 -
Mainer Serving 20 Years In Drug Case Seeks Clemency (WMTW Auburn)
A Maine man who has served 14 years of a 20-year prison sentence for selling cocaine and heroin to a friend who then died of an overdose has asked President George W. Bush for clemency.
2008-02-18 03:28:39 -
Nancy Reagan In Hospital Following Fall (WESH 2 Orlando)
Nancy Reagan's spokeswoman says the former first lady is staying overnight in the hospital after falling in her home in Bel-Air.
2008-02-18 03:29:29