Mortgage and Financial News From 2008-2-11 Page 3

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• 6 firms act to help avert foreclosures - Los Angeles Times

  6 firms act to help avert foreclosuresLos Angeles Times, CA - 49 minutes agoThe letters will be sent to holders of all kinds of loans: prime mortgages to borrowers whose credit was good, second mortgages, sub-prime loans to ...
  2008-02-11 10:10:39

• New suits hit Snyder, mortgage lender - Lancaster Newspapers

  New suits hit Snyder, mortgage lenderLancaster Newspapers, PA - 40 minutes ago... Pike — convinced the Lorahs in September 2005 to take out a mortgage in which they borrowed $33000 more than what they owed in a second mortgage. ...
  2008-02-11 10:19:17

• Credit Suisse Profit Falls After Writedowns at Investment Bank - Bloomberg

  Credit Suisse Profit Falls After Writedowns at Investment BankBloomberg - 30 minutes agoBy the end of that year, the company had originated about 40 percent fewer subprime mortgages than in 2005, Dougan has said. ...
  2008-02-11 10:29:56

• New Mortgage Rescue Goes Beyond Subprime (Bay News 9 Tampa Bay)

  By MARCY GORDON WASHINGTON (AP) -- With mortgage defaults surging and politicians urging the industry to do more, six lenders agreed to widen their effort to help borrowers of all loans _ not just subprime.
  2008-02-11 10:07:43

• Bush acknowledges economic uncertainty, asks Congress to do more (Southeast Missourian)

  WASHINGTON -- President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the...
  2008-02-11 10:08:18

• Bush acknowledges economic uncertainty, asks Congress to do more (The Standard-Times)

  WASHINGTON — President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
  2008-02-11 10:14:33

• New suits hit Snyder, mortgage lender (Lancaster Online)

  The topsy-turvy legal maneuvering surrounding an alleged $29 million Ponzi scheme affecting more than 800 customers of mortgage br
  2008-02-11 10:21:15

• Quinn: Payday Loans Can Be a Trap (Newsweek)

  Oct. 8, 2007 issue - Why do you think that people get stuck in mortgages they can't afford and payday loans that multiply their debt? I'll give you a clue.
  2008-02-11 10:45:48

• Credit Suisse Net Falls on SF1.3 Billion Writedowns (Update1) (Bloomberg.com)

  Feb. 12 (Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, said fourth-quarter profit fell 72 percent on lower earnings at the securities unit after writedowns of 1.3 billion Swiss francs ($1.2 billion) on debt and leveraged loans.
  2008-02-11 10:47:18

• Gross: Banks Claim the Credit Crisis is Over. It's Not. (Newsweek)

  Banks insist their credit problems are over. Why on earth do investors believe them?
  2008-02-11 10:47:28

• AP Business NewsBrief at 12:16 a.m. EST

  CNBC - ... session Monday as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage ... of gross receipts to Tolkien's estate and other plaintiffs, who contend they only ...
  2008-02-11 09:06:00

• IRSA Inversiones y Representaciones Sociedad Anonima Announces ... - PR Newswire (press release)

  IRSA Inversiones y Representaciones Sociedad Anonima Announces ...PR Newswire (press release), NY - 2 hours agoIf we consider only the rental segments (Shopping Centers, Offices and Hotels), EBITDA margins have made favorable progress when we compare the first ...
  2008-02-11 08:02:53

• American Capital Agency Corp. Files Registration Statement for ... - PR Newswire (press release)

  American Capital Agency Corp. Files Registration Statement for ...PR Newswire (press release), NY - 2 hours ago(the "Company") is a newly-organized Delaware corporation formed to invest exclusively in single-family residential mortgage pass-through securities and ...
  2008-02-11 08:03:01

• Media Briefing on Examining the Vision Workshop - Space Ref (press release)

  Media Briefing on Examining the Vision WorkshopSpace Ref (press release) - 1 hour ago220Marketing specializes in providing mortgage marketing for mortgage companies and managers. - Take your time to tour our site and check out all the fun ...
  2008-02-11 08:46:54

• US Banks, Treasury Plan New Bid to Cut Foreclosures (Update2) - Bloomberg

  US Banks, Treasury Plan New Bid to Cut Foreclosures (Update2)Bloomberg - 1 hour agoFederal Reserve officials project about 2 million homeowners face higher mortgage rates over the next two years as their loans reset higher. ...
  2008-02-11 08:56:07

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