Mortgage and Financial News From 2008-6-30 Page 4
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Analysis: So far, 2008 a "wickedly awful year" for financial markets (Daily Breeze)
You have to go back many decades -- to the early 1970s, at least -- to find a year that started as miserably for the economy and the markets as 2008.
2008-06-30 12:39:21 -
Don't Let a DUI Cost You Your Future (McKinney Messenger)
(ARA) - Driving intoxicated is not only dangerous, but getting caught can come with a hefty price tag. In 2006, intoxicated drivers contributed to 32 percent of traffic fatalities, or 13,470 deaths. By taking some precautions, you can avoid a costly DUI and stay safe on the road.
2008-06-30 02:04:33 -
April Aire closing highlights lack of affordable housing (The Appleton Post-Crescent)
APPLETON The challenge of finding housing for residents of April Aire Mobile Home, which closed Monday, underscores the need for affordable housing, say the people who administered the mobile home parks shutdown.
2008-06-30 02:42:38 -
Franklin Bank appoints new CEO (Houston Business Journal)
Embattled Franklin Bank Corp. has appointed Andy Black as interim chief executive. (FBTX)
2008-06-30 03:05:25 -
Changing Japan grabs investor attention (The Economic Times)
With the rest of the world smarting from the global credit crisis and singed by rising inflation, Japan, rarely a top pick of global fund managers, is starting to grab more investor attention.
2008-06-30 03:15:32 -
Inflation in Europe Stirs Debate Over Rates (NYTimes.com via Yahoo! Finance)
Inflation in the euro area surged to a record 4 percent for the 12 months ending in June, fueling a debate about whether several interest rate hikes are now necessary.
2008-06-30 03:36:57 -
MBIA sold $4 bln of assets to meet obligations - Reuters UK
NEW YORK (Reuters) - MBIA Inc (MBI.N: Quote , Profile , Research ) said on Monday that after selling $4 billion of assets in the second quarter, it now has enough cash and collateral to meet the extra requirements triggered by its recent downgrades ...
2008-06-30 10:59:00 -
Family car close to becoming motor home - News.com.au
SOARING fuel prices and high depreciation costs mean the cost of running a family car is approaching that of the average mortgage for the first time. In one case, a new Toyota LandCruiser GXL diesel exceeds the cost of the average SA weekly mortgage ...
2008-06-30 11:34:00 -
Empire State Bank Moves to Larger Office This Fall - Forbes
Empire State Bank, NA (the "Bank"), a wholly owed subsidiary of ES Bancshares, Inc (OTCBB: ESBS), announces that it will relocate its current branch located at 284 New Dorp Lane to 1361 North Railroad Avenue, New Dorp Plaza, this coming fall. "Our ...
2008-06-30 10:59:00 -
Stocks end difficult first half with quiet session - Philadelphia Inquirer
NEW YORK - Wall Street ended an arduous first half quietly Monday, closing mixed as investors again based their trades on what has become the dominant force in the market: the price of oil. The major indexes closed out the first six months of 2008 ...
2008-06-30 02:19:00 -
Credit Suisse Memo to Clients: Hire Our Ex-Employees (Update1) - Bloomberg
June 30 (Bloomberg) -- Credit Suisse AG , the second-biggest Swiss bank, asked clients to hire former members of the firm's commercial real estate team after cutting jobs in the unit amid the credit-market contraction. Anthony Orso and Michael ...
2008-06-30 01:58:00 -
H&R Block, Merrill Lynch, Yahoo among big movers - Forbes
A record-setting tax season and the sale of its troubled mortgage unit helped the nation's biggest tax preparer swing to a quarterly profit. Merrill Lynch & Co., down 99 cents at $31.71 A Keefe, Bruyette & Woods Inc. analyst cut her second-quarter ...
2008-06-30 02:26:00 -
Most U.S. Stocks Fall as Banks Slump for 3rd Day; Lehman Drops - Bloomberg
June 30 (Bloomberg) -- Most U.S. stocks fell for a third day, capping the market's worst month in six years, on concern that deepening mortgage losses will force more banks to cut dividends or sell shares at a discount. Wachovia Corp. tumbled to the ...
2008-06-30 01:43:00 -
UPDATE 2-US mortgage bond issuance plunges in 1st half - Reuters
NEW YORK, June 30 (Reuters) - U.S. mortgage-backed securities issuance plunged more than 80 percent in the first six months of 2008 from the same period a year earlier amid continued uncertainty in the housing market and as investors shied away from ...
2008-06-30 12:32:00 -
UK May mortgage approvals slump to 2.34 billion pounds vs 3.19 in ... - Forbes
LONDON (Thomson Financial) - Mortgage approvals and lending tumbled in May as tighter credit conditions dampen housing market activity, though savings levels continued to rise, figures from the Building Societies Association showed. In its monthly ...
2008-06-30 03:13:00
