Mortgage and Financial News From 2008-2-11 Page 01

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  • Dollar stable as traders digest G7 meeting

    Zawya.com - Subprime mortgages, granted to Americans with poor credit, have experienced high default and foreclosure rates in the past ... Everyone thinks the yen will rise," said Sahara. "I think they are looking for an incentive to reverse their short positions ...
    2008-02-11 08:59:00
  • Europe Economy May Stay Sick After Catching U.S. Cold (Update2)

    Bloomberg - Next year ``might be a period of `reverse decoupling,' with the U.S. economy enjoying a sharp recovery and the euro-area ... consumers and companies jumped as BNP Paribas SA and other European banks ran up losses on investments tied to U.S. mortgages ...
    2008-02-11 11:40:00
  • Voila notre Canada.....

    Globe and Mail - The reverse onus on offenders. It is completely unacceptable to place reverse onus on offenders. It goes against the very ... The threat of a recession from the corporate greed surrounding the sub-prime mortgages fiasco lingers. The private sector ...
    2008-02-11 02:03:00
  • Dion threatens to force election on federal budget

    Globe and Mail - Dick Garneau from Canada writes: Dion and the Liberal party is not likely to vote against the Afghanistan debate as it would clearly demonstrate that Liberals are against the United Nations, NATO, and our Armed Services. They are not likely to vote ...
    2008-02-11 03:44:00
  • Stocks reverse course, head higher

    CNN Money - Stocks reverse course, head higher AIG's potential credit woes drag on Dow industrials. Techs in focus after Yahoo rejects ... needs to clarify the way it values collateralized debt obligations (CDO), which may contain bonds backed by subprime mortgages
    2008-02-11 10:07:00
  • Mexico stocks reverse losses, close 2 pct higher

    Reuters - Mexico stocks reverse losses, close 2 pct higher ... rebuke from its auditors for how it valued some credit derivatives, meaning it could face further losses on U.S. mortgages it ...
    2008-02-11 01:49:00
  • Europe Economy May Stay Sick After Catching US Cold (Update2) - Bloomberg

    Europe Economy May Stay Sick After Catching US Cold (Update2)Bloomberg - 12 hours agoBorrowing costs for consumers and companies jumped as BNP Paribas SA and other European banks ran up losses on investments tied to US mortgages. ...
    2008-02-11 11:37:49
  • Mexico stocks reverse losses, close 2 pct higher - Reuters

    Mexico stocks reverse losses, close 2 pct higherReuters - 9 hours ago... a rebuke from its auditors for how it valued some credit derivatives, meaning it could face further losses on US mortgages it insures or invests in. ...
    2008-02-11 01:59:23
  • Dollar stable as traders digest G7 meeting - Inquirer.net

    Dollar stable as traders digest G7 meetingInquirer.net, Philippines - 3 hours agoSubprime mortgages, granted to Americans with poor credit, have experienced high default and foreclosure rates in the past year amid a widespread housing ...
    2008-02-11 08:00:08
  • US cold set to make Europe sick for longer - Business Report

    US cold set to make Europe sick for longerBusiness Report, South Africa - 3 hours agoDario Perkins, a senior European economist for ABN Amro, said next year "might be a period of 'reverse decoupling', with the US economy enjoying a sharp ...
    2008-02-11 08:16:06
  • The Financial Page - New Yorker

    The Financial PageNew Yorker, United States - 2 hours agoIn order to expand, they started insuring the complex securities that Wall Street created by packaging mortgages, including subprime ones, for investors. ...
    2008-02-11 09:30:02
  • Dollar stable as traders digest G7 meeting (Zawya)

    TOKYO, Feb 12, 2008 (AFP) - The dollar was steady against the yen in Asian trade Tuesday after world finance chiefs refrained from taking any concrete measures to stabilise markets at a weekend meeting, dealers said.
    2008-02-11 09:08:33
  • Asian Currencies: Korean Won Near Month's Low as Demand Wanes

    Bloomberg - The Group of Seven nations estimated banks will write down $400 billion because of credit market losses tied to U.S. subprime mortgages. The won has lost 1.1 percent so far this year, making it the second-worst performer among the 10 most-actively ...
    2008-02-10 03:59:00
  • Effects of sub- prime lending come full circle

    Grand Island Independent - ... relatively low interest rates provided entry to millions of home buyers who would not have qualified for traditional mortgages ... Too many borrowers added second or third loans and fully exploited the opportunity to borrow against equity. The sub-prime ...
    2008-02-11 10:03:00
  • Shared equity rolled out yet again

    Scoop - ... won’t reform the RMA or significantly streamline the Building Act to reduce compliance costs, and they aren't addressing those two issues faced by many families struggling with increasingly overwhelming mortgages - low take-home pay and the second ...
    2008-02-11 06:35:00