Mortgage and Financial News From 2008-1-17 Page 19

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• Bank deputy warns growth is ‘slowing - The Herald

  Bank deputy warns growth is ‘slowingThe Herald, UK - 2 hours agoHe voted unsuccessfully for a cut in UK base rates in November, before he and regular MPC dove David Blanchflower were joined by the emaining seven MPC ...
  2008-01-17 04:00:58

• Mortgage woes hurt Dow - Moneyweb

  Mortgage woes hurt DowMoneyweb, South Africa - 1 hour agoHe also reiterated the increased risks to economic growth and that more cuts in interest rates may be needed. Mr. Bernanke's remarks focused in part on ...
  2008-01-17 05:06:39

• IBM Boosts 2008 Profit Outlook, Helped By Overseas Growth - CNNMoney.com

  IBM Boosts 2008 Profit Outlook, Helped By Overseas GrowthCNNMoney.com - 1 hour agoOn a constant currency basis, which eliminates the effects of fluctuating exchange rates, sales in Europe, Asia and the Americas rose 6%, 9% and 2%. ...
  2008-01-17 05:13:09

• General Growth Announces New Mortgage Loans and the Sale of Two ... - Trading Markets (press release)

  General Growth Announces New Mortgage Loans and the Sale of Two ...Trading Markets (press release), CA - 1 hour agoIn the current impaired availability of credit environment, lenders prefer to make loans to highly qualified sponsors and operators like General Growth. ...
  2008-01-17 05:18:21

• Stimulus Package Must Include Loan Limit Increase to Help ... - KeepMEcurrent.com

  Stimulus Package Must Include Loan Limit Increase to Help ...KeepMEcurrent.com, ME - 59 minutes agoA reformed, modernized FHA program would offer a safe and affordable alternative to subprime mortgages, which are widely blamed for the current high rate of ...
  2008-01-17 05:19:12

• The Deflation Time Bomb - Atlantic Free Press

  The Deflation Time BombAtlantic Free Press, Netherlands - 41 minutes agoThat means that nearly 20 million homeowners will be “upside-down”, that is, they will owe more on their mortgage than the current value of the house. ...
  2008-01-17 05:37:35

• Washington Mutual Q4 2007 Earnings Call Transcript - Seeking Alpha

  Washington Mutual Q4 2007 Earnings Call TranscriptSeeking Alpha, NY - 23 minutes agoAs you all know, the second half of 2007 has been a period of extreme stress and turmoil for the mortgage and credit markets. ...
  2008-01-17 05:55:33

• GLOBAL MARKETS-Asian stocks dive anew on US recession fears - Guardian Unlimited

  GLOBAL MARKETS-Asian stocks dive anew on US recession fearsGuardian Unlimited, UK - 19 minutes agoInvestors took Bernanke's comments as a signal that the US central bank was willing to cut the benchmark fed funds rate aggressively from the current 4.25 ...
  2008-01-17 05:58:49

• France's Lagarde says mkts in recovery phase after tensions of last - ForexTV.com

  France's Lagarde says mkts in recovery phase after tensions of lastForexTV.com, NY - 6 minutes agoHe said he remains confident that the UK economy will get through its current difficulties resulting from the US subprime mortgage crisis. ...
  2008-01-17 06:12:34

• Greenpeace applauds Apple, MacBook Air (MacNN)

  Greenpeace today applauded Apple for the release of its new MacBook Air laptop, calling the device "a winner" and a strong entry in the race to build a green PC. The organization commends Apple's decision to ship a mercury and arsenic-free laptop, which Greenpeace says exceeds European Standards and raises the bar for the rest of the industry. Appl...
  2008-01-17 04:22:42

• Bank deputy warns growth is ‘slowing (The Herald)

  Bank of England deputy governor Sir John Gieve warned yesterday that fall-out from global financial market turmoil posed a "serious downside risk to growth" in the UK, while highlighting the difficulties which inflationary pressures presented to interest rate setters.
  2008-01-17 04:26:54

• General Growth Announces New Mortgage Loans and the Sale of Two Office Buildings (Business Wire via Yahoo! Finance)

  CHICAGO----General Growth Properties, Inc. announced today the arrangement of three new mortgage loans on regional malls owned in joint ventures and the pending sale of two wholly owned office buildings.
  2008-01-17 05:08:00

• Asian stocks plunge on Friday's opening (International Herald Tribune)

  Worries about the U.S. economy and a sharp fall in U.S. markets Thursday saw the Nikkei and other markets plummet.
  2008-01-17 05:40:55

• Doom and gloom: a global guide (Crikey)

  With the US slowing to the point of recession, what's the outlook for the rest of the world? We in Australia still face the prospect of a rate hike if inflation rises in the December quarter Consumer Price Index figures next week.
  2008-01-17 05:58:04

• Amid Economic Woes, Push Intensifies for Stimulus Package (The Online NewsHour)

  President Bush spoke with congressional leaders Thursday about an economic rescue package as Fed chief Ben Bernanke testified on Capitol Hill that it is "critically important" that a stimulus effort take effect quickly to ward off a recession. Members of the House budget panel detail the debate over what provisions the package should include.
  2008-01-17 06:01:23

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