Mortgage and Financial News From 2008-1-3 Page 12

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  • Subprime woes lead to State Street exit - Financial Times

    Subprime woes lead to State Street exitFinancial Times, UK - 1 hour agoBy Anuj Gangahar and Daniel Pimlott in New York The subprime mortgage crisis claimed its first victim of the year yesterday as State Street, ...
    2008-01-03 06:18:28

  • Incentives give reasons to build despite market - Providence Journal

    Incentives give reasons to build despite marketProvidence Journal, RI - 1 hour agoThe economy is bumpy, ill-advised loans have triggered a tidal wave of foreclosures, and the inventory of unsold homes has ballooned. ...
    2008-01-03 06:38:31

  • RAMS Completes $140 million sale to Westpac - ABN Newswire (press release)

    RAMS Completes $140 million sale to WestpacABN Newswire (press release), Australia - 43 minutes agoRAMS will retain its existing mortgage book under the deal. Westpac CEO David Morgan said the acquisition of the home loans group will provide the bank with ...
    2008-01-03 07:16:30

  • Other banks set to follow NAB rate rise - Melbourne Herald Sun

    Other banks set to follow NAB rate riseMelbourne Herald Sun, Australia - 37 minutes agoAustralia's largest mortgage holder, the Commonwealth Bank, this week also increased its rates when it lifted its fixed-rate home loans by 30 basis points ...
    2008-01-03 07:22:14

  • Writedown leads to Bear Stearns‘ loss - Leading The Charge

    Writedown leads to Bear Stearns‘ lossLeading The Charge, Australia - 34 minutes agoThe bank has about $500 million exposed to subprime mortgage loans originated in 2007 and about $750 million to collateralized debt obligations. ...
    2008-01-03 07:25:57

  • Southwest Bank buys BMC Mortgage in Fort Worth - Dallas Morning News

    Southwest Bank buys BMC Mortgage in Fort WorthDallas Morning News, TX - 20 minutes agoFort Worth-based community bank Southwest Bank has acquired BMC Mortgage Services Inc., a Fort Worth mortgage banking company that generated a total loan ...
    2008-01-03 07:39:24

  • '08 rise in home building forecast (San Jose Mercury News)

    After declining dramatically in 2007, construction of new homes in California will increase slightly this year, while remaining well below the average level of production in recent years, a building industry economist said Thursday.
    2008-01-03 06:55:29

  • Ways to cope despite real estate's dire outlook (USA Today)

    If you'd asked housing economist David Seiders at this time last year to forecast the real estate industry's future, he would have told you to expect "a recovery year" in 2008.
    2008-01-03 06:58:25

  • RAMS Home Loans Completes Sale To Westpac (INO News)

    (RTTNews) - Australia's RAMS Home Loans Group says it has officially completed the sale of its brand and distribution business to Westpac.
    2008-01-03 07:03:37

  • Other banks set to follow NAB rate rise (Herald Sun)

    MAJOR banks are likely to follow the lead of National Australia Bank and lift interest rates as Australian households get swept up in the global credit crisis.
    2008-01-03 07:11:00

  • MyFox Boston | Deal With Holiday 'Debt Hangover' (FOX 25 Boston)

    NEW YORK -- As the credit card bills start rolling in this month from the recent holiday season, many consumers are going to get that queasy feeling that they've overindulged.
    2008-01-03 07:21:21

  • IRS Rules on Taxpayer Privacy (SmartPros Accounting)

    Jan. 4, 2008 (Associated Press) Tax preparers will have to make the fine print a little less fine and obtain customer consent for offshore work under new Internal Revenue Service rules aimed at giving taxpayers greater control over private information.
    2008-01-03 07:27:38

  • IRS tightens rules on how information used (Connecticut Post)

    WASHINGTON — Tax preparers will have to make the fine print a little less fine and obtain customer consent for offshore work under new Internal Revenue Service rules aimed at
    2008-01-03 07:38:54

  • IRS Toughens Its Rules On Taxpayers' Privacy (Hartford Courant)

    Preparers Must Guard Information More Carefully Tax preparers will have to make the fine print a little less fine and obtain customer consent for offshore work under new Internal Revenue Service rules aimed at giving taxpayers more control over their private information.
    2008-01-03 07:43:53

  • More Consumers Paying Late (Hartford Courant)

    Highest Delinquency Figures Since '01 Recession On Loans For Autos, Home Improvement Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.
    2008-01-03 07:44:33

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