Mortgage and Financial News From 2008-4-15 Page 6
Previous Day: 2008-04-14
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Seoul stocks dip; techs fall, energy firms up (Reuters via Yahoo! Singapore News)
SEOUL, April 15 - Seoul shares closed down 0.26 percent on Tuesday, with losses in technology shares on concerns about the long term outlook for the memory chip market outweighing gains by energy firms.
2008-04-14 11:53:50 -
Appraisers say WaMu cut corners to increase its mortgage business (Seattle Times)
Washington Mutual's mortgage woes come as no surprise to Graham Albertini, a real-estate appraiser who worked at WaMu's Bellevue office...
2008-04-15 12:24:51 -
Bad timing cuts Wachovia (Denver Post)
Wachovia Corp. is getting a lesson in "timing is everything." The nation's fourth- largest bank reported a $393 million first-quarter loss and has been forced to cut its dividend and seek a $7 billion cash injection to make up for a poorly timed expansion of its mortgage business.
2008-04-15 12:35:39 -
Bad bet on mortgages takes chunk out of giant (The News & Observer)
Wachovia to cut jobs, seek cash; its woes foretell poor earnings by rivals.
2008-04-15 12:36:39 -
Former President rallies support for Hillary (Newburgh Register)
Former President Bill Clinton started a three-city tour of southwestern Indiana on Thursday afternoon with a speech on the floor of the Pioneer Stadium, Boonville High School’s basketball fieldhouse.
2008-04-15 12:43:52 -
Homeowners get that drowning feeling (San Francisco Chronicle)
Some nights Sonya Smith can't sleep because she's worried about how she'll make payments on her small home in Oakland's Laurel District. Since getting divorced a couple of years ago, it's much harder to carry the mortgage - and she can't sell because the home'...
2008-04-15 12:44:14 -
Follow these tips to pay off debt, save money (The Springfield News-Leader)
Sure, stocks are much cheaper now than they were at the first of the year. So are houses.
2008-04-15 12:59:53 -
Wachovia posts $393 million first quarter loss (Belleville News-Democrat)
Wachovia Corp. is getting a lesson in "timing is everything."
2008-04-15 01:10:07 -
G7 sees catharsis, not catastrophe (Khaleej Times)
It's the spring of 2009 and finance ministers from the G7 are once again gathered in Washington for the half-yearly meeting of the International Monetary Fund. Policymakers are feeling good. After a grim 2008, the economic skies are clearing.
2008-04-14 11:14:44 -
Business Glance (The Salt Lake Tribune)
Retail sales mostly flat Consumers still stayed away from malls in March Consumers, beset by a credit crunch, rising energy and food costs and a prolonged housing slump, stayed away from the malls in March.
2008-04-14 11:15:10 -
House prices decline at record pace (ITV.com)
House price falls are picking up pace according to new figures, which show the worst decline in 30 years.
2008-04-14 11:17:31 -
Culture BULLETIN (The New York Sun)
RUMSFELD ANNOUNCES PLANS FOR MEMOIR Donald Rumsfeld, the powerful defense secretary and architect of the Iraq war who left office two years ago, is working on a memoir to be published by Penguin Group (USA) in 2010. Books by former Bush administration officials, such as the Treasury secretary, Paul O'Neill, and the CIA director, George Tenet, have come out, but Mr. Rumsfeld's take is closer. A ...
2008-04-14 11:22:27 -
Proposed loan regulations fuelling inflation (Zawya)
15 April 2008 Bankers expect that a proposed increase in the lending limit to individual borrowers to up to 25 times their salaries or total income will increase money supply and fuel inflationary pressures.
2008-04-14 11:28:12