Mortgage and Financial News From 2008-1-7 Page 6

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• Ambac Now Has a Municipal Bond Issue to Worry About: Joe Mysak - Bloomberg

  Ambac Now Has a Municipal Bond Issue to Worry About: Joe MysakBloomberg - 33 minutes agoThe trustee notice shows that not all of the insurers' problems stem from rapid meltdown in the mortgage market. Sometimes they can get in trouble from ...
  2008-01-07 09:41:51

• SC bankruptcies soar - Charleston Post Courier

  SC bankruptcies soarCharleston Post Courier, SC - 20 minutes agoBy Peter Hull (Contact) Bankruptcy filings across South Carolina jumped by almost 18 percent in 2007 as worsening real estate and mortgage markets put more ...
  2008-01-07 09:55:33

• Grandview Couple Battles Mortgage Company - MyFox Kansas City

  Grandview Couple Battles Mortgage CompanyMyFox Kansas City, MO - 18 minutes agoFor one Grandview couple it's been a battle with their mortgage company for months. They called FOX 4 Problem Solver Nancy Lewis because they say the ...
  2008-01-07 09:56:57

• Sterling touches six-month low - Commodity Online

  Sterling touches six-month lowCommodity Online, India - 15 minutes ago... last Thursday showed that households and companies are likely to find it harder to borrow in the coming months, while lenders expect mortgage defaults ...
  2008-01-07 10:00:29

• Kathleen Pender: Hot funds in the frozen North (San Francisco Chronicle)

  It's time Canada got more respect, at least from investors. Canada combines the stable economic and political system of a developed country with the natural resources of a developing nation. It reminds me of the mullet hairdo, often described as "business in...
  2008-01-07 09:48:33

• S.C. bankruptcies soar (The Post and Courier)

  Bankruptcy filings across South Carolina jumped by almost 18 percent in 2007 as worsening real estate and mortgage markets put more households under greater financial pressure. While the total number of filings, 7,176, was about half those in 2004 and 2005 — just before far-reaching ...
  2008-01-07 09:57:21

• BILL DONOGHUE: Don't Be A Sitting Duck Or The Bear Will Eat You (Nasdaq)

  SEATTLE (Dow Jones) -- The stock market opened this year in trouble. The gains the Standard & Poor's 500 Index made in 2007 were just about wiped out in the first three trading days of 2008.
  2008-01-07 10:00:10

• Treasury Secretary Henry Paulson says there is no simple solution to housing and mortgage crisis (Savannah Morning News)

  WASHINGTON - The Bush administration is working to combat the nation's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary."
  2008-01-07 10:01:31

• Stocks mixed with 4Q earnings looming, as investors hope Fed will cut rates to fight recession (The Standard-Times)

  NEW YORK — Wall Street ended an erratic session mixed Monday as investors grew more confident that the Federal Reserve will lower interest rates again to ward off recession and they also wrestled with worries about the upcoming earnings season.
  2008-01-07 10:01:57

• Don't be a sitting duck or the bear will eat you (MENAFN)

  Don't be a sitting duck or the bear will eat you
  2008-01-07 10:05:30

• Name: Email: Business Type: (The Memphis Daily News)

  3595 Steele St. Memphis, TN 38127Sale Amount: $3 million
  2008-01-07 10:08:24

• California Company Buys Pendleton Place Apartments (The Memphis Daily News)

  1780 Pendleton St.Memphis, TN 38114Sale Amount: $2.7 million
  2008-01-07 10:08:34

• IKB Deutsche Industriebank, Premiere: German Equity Preview (Bloomberg.com)

  Jan. 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses after company names, and prices are from the last close.
  2008-01-07 10:09:26

• Air France, Novartis, Peugeot, Vivendi: European Equity Preview (Bloomberg.com)

  Jan. 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Europe. Stock symbols are in parentheses after company names, and prices are from the last close.
  2008-01-07 10:09:37

• Bear Stearns chief to step down after huge US sub-prime losses

  Times Online - ... to be stepping down as chief executive, six months after the bank admitted huge losses caused by the sub-prime mortgage crisis ... analysts, said that the only way Citigroup could repair its balance sheet would be by selling Smith Barney, the broker, for ...
  2008-01-07 05:22:00

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