Mortgage and Financial News From 2008-9-3 Page 10
Previous Day: 2008-09-02
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Z Trim Holdings, Inc. Announces Private Placement Funding (PR Newswire via Yahoo! Finance)
Z Trim Holdings, Inc.
2008-09-03 08:36:00 -
Pick-a-payment loans turn poisonous (CNNMoney.com via Yahoo! Finance)
They're known as "pick-a-payment" mortgages or option ARMs, but their detractors call them pure poison. Now their default rates, which are already high, are about to explode, according to a Fitch Ratings report issued Tuesday.
2008-09-03 08:40:00 -
(AFX UK Focus) 2008-09-03 16:15 UPDATE 1-Bank of Canada holds rates, downbeat on growth (Interactive Investor)
OTTAWA , Sept 3 (Reuters) - The Bank of Canada held its key interest rate steady on Wednesday, and while it gave no indication of future interest rate moves, it was more downbeat on the prospects for U.S. and Canadian economic growth.
2008-09-03 08:41:43 -
Food inflation blow for Bank of England (Evening Standard)
Food prices went up 10 per cent in the last 12 months, official figures show this afternoon. The rise threatens to push inflation even higher - and dashes lingering hopes of a cut in interest rates tomorrow which could have brought some relief for hard-pressed households.
2008-09-03 08:41:49 -
TSX sharply lower again on falling commodity stocks; BoC holds line on rates (MSN Money Canada)
TORONTO - The Toronto stock market added to the previous day's big losses Wednesday morning amid retreating oil prices and more jitters in the financial sector while the Bank of Canada left its key interest rate unchanged.
2008-09-03 08:41:50 -
Ambac Rises After Regulators Approve New Municipal Bond Insurer - Bloomberg
Sept. 3 (Bloomberg) -- Ambac Financial Group Inc. , the world's second-biggest bond insurer, rose in Europe after the company received approval from regulators to set up a new municipal bond insurer called Connie Lee. Ambac climbed 12 percent to $8 ...
2008-09-03 01:56:00 -
Genworth Financial Adds Service Offerings for Independent Financial ... - MSN MoneyCentral
RICHMOND, Va. , Sept. 2 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. GNW announced today that it has expanded its service offerings in its wealth management business through Quantuvis Consulting, a provider of practice management and business ...
2008-09-02 10:40:00 -
FTSE down as banks dip, oils track falling crude - Reuters
LONDON, Sept 3 (Reuters) - Britain's leading share index fell over 1 percent early on Wednesday as beaten down banks drifted lower, while falls in energy prices dented the performance of oil companies. At 0755 GMT the FTSE 100 .FTSE was down 67.8 ...
2008-09-03 01:13:00 -
BUY OR SELL-South Korea stocks: Falling sword or bargain? - Reuters
"The market's bottom is not in sight now. Global credit and recession worries, combined with domestic issues have prompted panic selling by horror-stricken investors. "We are seeing even the slightest negatives pounding on markets nowdays. And the ...
2008-09-03 02:39:00 -
Three insurance bosses are banned - BBC Business
The Financial Services Authority (FSA) banned three directors of BPS Insure after the trio failed to inform the FSA of a £3m client account deficit. The city regulator said Robert James, Stuart Lawton and Paul Adams used client money at the start of ...
2008-09-03 02:25:00 -
Mortgage Data Underscores Increasingly Dire Forecasts [Housing Tracker ... - Seekingalpha.com
Fitch Warns on Option ARMs; “High Defaults Await” . “Fitch Ratings: Most outstanding neg-am mortgages won’t get out of 2011 alive... Fitch expects roughly $29 billion in option ARMs to recast to higher monthly payments by the end of 2009, and ...
2008-09-02 11:26:00 -
Property in floodplain remains unsold (NWAnews.com)
BENTONVILLE — Not a single hand went up when a group of realestate agents were asked if they had been able to sell any property located in the FEMA-defined floodplain this year. Ashley Pope, director of Benton County Planning, posed the question as she met with a group of agents at Exit Pinnacle Realty on Tuesday morning. The subject: Benton County’s floodplain. (Benton County Daily Record)
2008-09-03 05:29:24 -
Obama: We are better than these last eight years (CNN.com)
Democratic presidential candidate Barack Obama spoke to the Democratic National Convention on Thursday. Here is the text of that speech:
2008-09-03 05:31:18 -
Norwich Union slashes saver payouts (Guardian Unlimited)
Business & money: Insurer says its with-profits fund has produced returns of -7.3% in the first six months of 2008
2008-09-03 05:44:09 -
Home Warranty of America, Inc. Wants to Help you Better Understand the Fundamentals of Home Warranties (PR Newswire via Yahoo! Finance)
While HWATM recognizes that home warranties are a serious business, protecting one of the largest assets their clients own, they also know it is not always easy to wade through even the basics to understand them or how to use them effectively.
2008-09-03 06:30:00