Mortgage and Financial News From 2007-12-30 Page 4

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  • San Diego County's woeful housing market is dragging other economic ...

    San Diego Union-Tribune - Fueled by low interest rates from the Federal Reserve and lax lending standards by banks and mortgage companies, the median price of a home in San Diego County more than doubled from $246,000 in November 2000 to $518,000 at the peak price in November ...
    2007-12-30 03:02:00

  • Trends: Investor sees value in American Express (Milwaukee Journal Sentinel)

    Mortgage-related credit deterioration is spreading.
    2007-12-30 05:44:51

  • Winners, losers among '07's funds (The Philadelphia Inquirer)

    U.S. equity mutual funds rose 8.7 percent in 2007, the least in two years, as the collapse of the subprime-mortgage market dragged down shares of real estate and financial companies.
    2007-12-30 01:18:10

  • Credit crunch slims stock, bond funds (USA Today)

    Spooked by the credit crisis, investors have yanked billions of dollars from stock and bond mutual funds since the mortgage meltdown began in August.
    2007-12-30 06:21:10

  • Companies to watch in 2008 (The Record)

    Scores of businesses made big news in 2007, growing through mergers and acquisitions, shrinking to become more efficient, struggling to survive. Up-and-coming local companies also began to flex their muscles, gaining market share through good timing, new products and innovation.
    2007-12-30 06:15:28

  • Merrill sued over subprime loans (CNN.com)

    SAN JOSE, California (AP) -- Former shareholders of First Republic Bank sued Merrill Lynch on Friday, alleging the company hid billions of dollars in subprime mortgage-related losses while the two companies' combination was pending.
    2007-12-30 06:48:59

  • Australia Mortgage-Backed Bond Sales Fall 87% to Three-Year Low (Bloomberg.com)

    Dec. 31 (Bloomberg) -- Australian mortgage-backed bond sales fell to the lowest in three years as the fallout from the U.S. housing recession cut demand for the assets in the second half of the year.
    2007-12-30 07:15:03

  • Banks to continue to grow earnings

    News.com.au - Unlike many of their foreign counterparts, Australian banks have little to zero exposure to US sub-prime mortgage debt. Credit ... Broker Credit Suisse has forecast 12 per cent earnings growth for the Australian banking sector, and on the back of ...
    2007-12-30 06:22:00

  • Shock to the system

    Minneapolis Star Tribune - ... made the surprising disclosure that it would take a $230 million loss on subprime mortgage investments. "When the tide goes out, you find out who was swimming naked and dumping garbage on the beach," said Alex Stenback, a Minneapolis mortgage broker ...
    2007-12-29 03:53:00

  • Boating Industry Slump Could Signal Recession

    NPR News - Boat sales in Annapolis, Md., a renowned center for sailing, have hit a dry spot in recent months, with the subprime mortgage crisis and sagging consumer confidence being singled out as culprits. Yacht broker Dave Van den Arend said he has seen a lot ...
    2007-12-30 06:36:00

  • Charismatic mortgage broker went for hard sell (The New Zealand Herald)

    When homeowner Christopher Aultman, a mechanic for Union Pacific Railroad, called Quick Loan Funding in July 2005, a man identifying himself as Tim answered.
    2007-12-30 08:24:16

  • Local advisers are bullish on 2008

    Buffalo News - A subprime mortgage meltdown? The worst is over. Oil prices topping $90 a barrel? It’s already accounted for. So say a panel ... That’s why 2008 could be an especially good time for investors to hedge their bets by following the always good advice to ...
    2007-12-30 04:17:00

  • Deciding on the right investment

    Gulf News - ... that this market is experiencing at the moment, controlling debt is an essential first step: if you're paying off a mortgage ... Readers are encouraged to thoroughly investigate all investment decisions. Please send your questions to advice@gulfnews.com.
    2007-12-30 05:03:00

  • Readers’ tips for surviving recession

    MSNBC - Readers react with tips on surviving recession Frugal advice, but many think there won’t be downturn in 2008 ... Do not finance with an adjustable-rate mortgage. When I purchased my house the loan immediately went to 13 percent and I ...
    2007-12-26 03:56:00

  • Good Shows in Bad Times: Exhibiting When Your Industry Is In Crisis

    Best Syndication - Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice before making financial or medical decisions. TERMS OF SERVICE
    2007-12-28 03:54:00

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