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

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  • Average energy bill to hit £1000 a year

    Daily Telegraph - The credit crunch has left many facing a severe financial hangover from Christmas, hefty mortgage payments, climbing food bills and record petrol costs. ... plunges around 40,000 people into fuel poverty - so rising fuel bills are bad ...
    2008-01-03 10:21:00
  • We're Not Immune

    Washington Post - Too bad it's also a fantasy. For a more realistic assessment, let's begin with ... Among the biggest losers, of course, were Fannie Mae and Freddie Mac , the mortgage ... Also hurting are other financial services companies such as credit card giant ...
    2008-01-03 09:09:00
  • UPDATE 2-Regions sees $360 mln loan loss, $131 mln charges

    Forbes - Southeast regional bank, said Thursday it expects to boost reserves for bad loans by $360 million in the fourth quarter because of weakening credit quality ... Express Co (nyse: AXP - news - people ) , $42 million mainly for mortgage ...
    2008-01-03 02:50:00
  • Fifty Million Experts Can Be Wrong

    Forbes - What is the bad news? We all know about housing, construction, credit and energy prices. The credit problems are real, since banks traditionally ... As for the real estate and mortgage mess, I suspect that speculators are behind a sizable percentage ...
    2008-01-03 03:26:00
  • Credit-card companies should take responsibility for some bad debts

    Oak Ridger - Credit-card companies should take responsibility for some bad debts By: The Daytona (fla.) Beach News-journal | The Oak Ridger It’s the time of year ... of high default rates on a wider scale, especially when coupled with the still-developing mortgage ...
    2008-01-03 09:09:00
  • Regions saves $360M to cover bad loans

    Boston Globe - ... Regions Financial Corp. said Thursday it needs to set aside $360 million to cover bad loans in the fourth quarter as sinking property values hinder credit ... other impairments to the value of assets, mostly because of expenses for collecting mortgage ...
    2008-01-03 02:43:00
  • Stocks close mixed on inflation fears

    MSNBC - NEW YORK - Wall Street closed narrowly mixed Thursday as investors traded cautiously ahead of the Labor Department's ... Housing, credit problems led to Fed reversal
    2008-01-03 01:17:00
  • Libor falls to lowest rate since credit crisis began - Fair Investment Company

    Libor falls to lowest rate since credit crisis beganFair Investment Company, UK - 6 hours agoLower grade debt has fallen considerably as a result of loan providers tightening their lending criteria to those with bad credit, but there has been a rise ...
    2008-01-03 04:07:20
  • Average energy bill to hit £1000 a year - Telegraph.co.uk

    Average energy bill to hit £1000 a yearTelegraph.co.uk, United Kingdom - 6 hours agoThe credit crunch has left many facing a severe financial hangover from Christmas, hefty mortgage payments, climbing food bills and record petrol costs. ...
    2008-01-03 04:23:42
  • NC economic forecast: partly cloudy - Charlotte Observer

    NC economic forecast: partly cloudyCharlotte Observer, NC - 5 hours agoLike a bad hangover, the woes that plagued the economy in 2007 -- the subprime mortgage crisis and slumping housing market -- will linger in 2008. ...
    2008-01-03 05:18:51
  • House of Cards - Toffeeweb

    House of CardsToffeeweb, UK - 3 hours agoIn in bad times, everybody stays quiet for fear of saying the wrong thing, disturbing that one pebble at the top. When the cost of credit was 'easier' the ...
    2008-01-03 06:53:07
  • Writedown leads to Bear Stearns‘ loss - Herald News Daily

    Writedown leads to Bear Stearns‘ lossHerald News Daily, ND - 3 hours agoOn Wednesday, Morgan Stanley Inc. reported a $9.4 billion writedown from bad bets on mortgage debt — almost triple what it originally expected. ...
    2008-01-03 07:24:46
  • Mortgage originators may face penalties - Seattle Post Intelligencer

    Mortgage originators may face penaltiesSeattle Post Intelligencer - 2 hours agoThe state issued 13722 initial licenses and denied 170 applications because of criminal histories, bad credit or character issues. But just 6139 originators ...
    2008-01-03 08:23:39
  • Inflation hits decade high as energy prices spiral - Irish Independent

    Inflation hits decade high as energy prices spiralIrish Independent, Ireland - 1 hour agoDecember consumer confidence fell to a record low as Spaniards worried about rising food prices and mortgage rates after the heaviest period of household ...
    2008-01-03 09:02:39
  • Zero-down loans drying up - Pioneer Press

    Zero-down loans drying upPioneer Press, MN - 35 minutes agoWith portions of the area now flagged as a declining market, lenders are curbing 100 percent financing to adhere to lending rules set by mortgage-buying ...
    2008-01-03 10:08:18