Mortgage and Financial News From 2008-1-9 Page 18

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  • Dow tumbles nearly 240 points - Orlando Sentinel

    Dow tumbles nearly 240 pointsOrlando Sentinel, FL - 49 minutes ago... that the tumbling economy may not only cripple mortgage lenders such as Countrywide Financial but also create problems for other companies like AT&T. ...
    2008-01-09 04:55:49
  • Wall Street - Dubuque Telegraph Herald

    Wall StreetDubuque Telegraph Herald, IA - 34 minutes ago... with investors worried that the tumbling economy might not only cripple mortgage lenders like Countrywide Financial Corp. but also create problems for ...
    2008-01-09 05:11:01
  • 'Shocking' sales results from M&S deepen fears of recession in UK - Independent

    'Shocking' sales results from M&S deepen fears of recession in UKIndependent, UK - 27 minutes agoIts chief executive, Mike Farley, said that "as a result of the credit crunch, lenders reviewed their mortgage criteria. Some property buyers who had won an ...
    2008-01-09 05:17:56
  • Slump in confidence hits Persimmon - Independent

    Slump in confidence hits PersimmonIndependent, UK - 26 minutes ago... queuing around the block to get their deposits," he said, "And, second, as a result of the credit crunch, lenders reviewed their mortgage criteria. ...
    2008-01-09 05:18:20
  • Marks & Spencer shares plunge after poor sales - Telegraph.co.uk

    Marks & Spencer shares plunge after poor salesTelegraph.co.uk, United Kingdom - 14 minutes agoFurthermore, a recent survey from the Bank of England showed that lenders have dramatically increased the stringency of their credit checks - indicating ...
    2008-01-09 05:31:13
  • Marks & Spencer shares plunge after poor sales (Daily Telegraph)

    Marks & Spencer has lost a fifth of its value after a dire Christmas trading update and a warning from the retailer's chief executive, Sir Stuart Rose, that the high street is facing its worst conditions for a decade.
    2008-01-09 04:47:50
  • Countrywide says foreclosures highest on record (Reuters via Yahoo! UK & Ireland News)

    Countrywide Financia, the largest U.S. mortgage lender, said on Wednesday that foreclosures and late payments rose in December to the highest on record, sending its shares tumbling for a second day to their lowest in nearly 13 years.
    2008-01-09 05:00:00
  • E-mail calling for Paris attacks probed (Detroit Free Press)

    PARIS — French prosecutors are investigating a cryptic e-mail sent to an Islamic Web site urging attacks on the capital's mayor and its tourist sites, judicial officials said today.
    2008-01-09 05:00:44
  • Countrywide says foreclosures highest on record (Interactive Investor)

    Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
    2008-01-09 05:11:27
  • Slump in confidence hits Persimmon (Independent)

    Shares in Persimmon, the UK's biggest homebuilder, fell after the company revealed a 14 per cent slump in forward sales yesterday.
    2008-01-09 05:12:31
  • Sources: Bill Richardson will drop out of Democratic race (Detroit Free Press)

    MERRIMACK, N.H. — New Mexico Gov. Bill Richardson ended his campaign for the presidency today after twin fourth-place finishes that showed his impressive credentials could not compete with his rivals' star power.
    2008-01-09 05:15:36
  • 'Shocking' sales results from M&S deepen fears of recession in UK (Independent)

    Fears of a consumer recession hit stock marketsyesterday after Marks & Spencer's third-quarter trading results were described as "shocking" by analysts, while the influential World Economic Forum warned that the UK economy was "particularly vulnerable to financial turmoil".
    2008-01-09 05:27:00
  • Dollar rises against euro, pound, yen

    CNBC - NEW YORK (AP) - The dollar rose Wednesday, pushed by speculation that the White House may offer tax breaks and ahead of interest-rate meetings in Europe and a speech by Federal Reserve Chairman Ben Bernanke Thursday. The dollar rose against the euro ...
    2008-01-09 01:10:00
  • Treasury Yield Curve Steepest Since 2004 on Fed Rate Outlook

    Bloomberg - I don't think we're heading to a recession,'' said Mustafa Chowdhury, head of U.S. interest-rate research in New York at Deutsche Bank AG, one of the 20 primary securities dealers that trade directly with the Fed. ``I respect the momentum in the ...
    2008-01-09 10:39:00
  • M&S Boss Calls For New Rate Cut

    Sky.com - M&S Boss Calls For New Rate Cut Updated:17:50, Wednesday January 09, 2008 Marks & Spencer boss Stuart Rose has joined the growing band of retailers urging the Bank of England to cut the interest rate once again.
    2008-01-09 09:42:00