Mortgage and Financial News From 2008-1-9 Page 11

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  • DBRS lay-offs add to ratings agencies’ woes (Financial Times)

    Ratings agencies have cut more than 500 jobs this week, with an expectation for more to come, as the prospects for complex debt ratings wither.
    2008-01-09 06:48:39

  • Equities still attractive despite mortgage woes (Bangkok Post)

    Equities remain attractive this year even though the impact of the US sub-prime crisis still persists and will re-emerge to affect the global financial markets from time to time this year, said fund managers.
    2008-01-09 07:17:22

  • SET to stay sideways as risks rise (Bangkok Post)

    The Stock Exchange of Thailand is likely to continue to move sideways or even fall below the 800-point barrier due to external and domestic risks, according to market experts.
    2008-01-09 07:17:32

  • Japan Stocks Fall After Credit Suisse Sees Real-Estate Sell-off (Bloomberg.com)

    Jan. 10 (Bloomberg) -- Japanese stocks fell, led by real- estate companies, after Credit Suisse Group said U.S. subprime- mortgage losses may prompt overseas investors to sell their property holdings in Japan.
    2008-01-09 07:21:13

  • Family Takes Unsual Step to Avoid Foreclosure (KCRG-TV9 Cedar Rapids)

    CEDAR RAPIDS -- Around the country, people are losing their homes to lenders. But one local family's determined not to let that happen. A community is rallying together to help a family that has fallen behind on its mortgage payments. This might be the family's last option.
    2008-01-09 07:42:52

  • (AFX UK Focus) 2008-01-10 03:14 GMT: Asian stocks mixed as Wall Street fails to convince; Australia, Japan decline (Interactive Investor)

    SINGAPORE (Thomson Financial) - Asian stocks traded mixed Thursday with Japan and Australia declining as investors remained unconvinced by Wall Street's gains overnight, while Korea, Taiwan and the Philippines found support in bargain hunting of stocks that have been battered in recent weeks.
    2008-01-09 07:43:08

  • CI Financial's Radlo Bets on AltaGas, Manulife for Global Fund (Bloomberg.com)

    Jan. 9 (Bloomberg) -- Alan Radlo, the former Fidelity Investments manager who started at CI Financial Income Fund last week, put two-thirds of a new global fund in Canadian stocks because he expects energy companies to prop up the economy.
    2008-01-09 07:45:47

  • THE MARKET: Stocks give up rebound; investors remain nervous about economy, earnings (The Journal-Standard)

    NEW YORK (AP) - Wall Street fought to hold onto early gains Wednesday amid questions about the strength of the economy and the soundness of upcoming corporate earnings reports.
    2008-01-09 07:47:39

  • Jim Safka Named Ask.com CEO (InformationWeek)

    The changes at IAC/InterActiveCorp are a sign of how prominently the search unit will figure into a major company restructuring.
    2008-01-09 08:01:35

  • UPDATE 2-Berkshire confirms foray into muni bond insuring

    Reuters - The new company is entering the $2.5 trillion U.S. municipal bond market at a time when established insurers are still reeling from their subprime mortgage exposure, which has hurt their stock prices and injured their credibility, opening the ...
    2008-01-09 08:52:00

  • Former Florida City housing director charged in fraud web

    Miami Herald - Price and Stimpson, a mortgage broker, secured a mortgage for a home Price was attempting to buy through a shadow buyer when Price could not qualify for financing on his own. The buyer -- who used his credit to obtain the mortgage on behalf of Price ...
    2008-01-09 07:55:00

  • Diller: HSN shows strong growth, spin-off on track

    MSN MoneyCentral - IACI), based in New York, also plans to spin off Lending Tree, an online mortgage broker; Ticketmaster, a box office service; and Interval, a vacation business. Diller said he would continue to be directly involved with the company's Expedia unit, an ...
    2008-01-09 09:13:00

  • John Charcol put on market for £50m

    Financial Times - John Charcol, one of the UK’s largest mortgage brokers, has been put up for sale by its private-equity backers, with a price tag of about £50m. The broker received several approaches at a time of heightened concern about prospects for the UK ...
    2008-01-09 03:18:00

  • 'Good leads' in slaying of Castle Pines real estate broker

    Rocky Mountain News - Blair spent much of his career as a salesman for Gates Rubber Co. traveling Asia, before leaving to start one-man real estate and business brokerages, said Dave Gill, a former Castle Rock mortgage broker who now works as a professional photographer. ...
    2008-01-09 11:58:00

  • E*Trade: 'Significant Progress' in Cutting Risks

    CNBC - Online mortgage broker E*TRADE Financial said on Wednesday it made "significant progress" on reducing risks related to its balance sheet, maintaining strong capital ratios and strengthening its leadership team. [ ETFC   Loading ...
    2008-01-09 07:26:00

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