Mortgage and Financial News From 2008-6-13 Page 3
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New Orleans tops national housing list (New Orleans Times-Picayune)
It stuck out almost in neon, jarring, perplexing, maybe a little ironic -- New Orleans, atop a list of the nation's strongest real estate markets? In its June issue, Money magazine predicted that New Orleans would outshine all but five other major metro areas in the price gains homeowners could expect to record over the coming year.
2008-06-13 03:02:44 -
Greenspan Says Markets Show `Pronounced Turnaround' (Update3) (Bloomberg.com)
June 13 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said that financial markets, roiled by the collapse of the subprime-mortgage market, have shown a ``pronounced turnaround'' since March.
2008-06-13 05:19:44 -
BlackRock Bought Lehman Shares, Confident in Leaders (Update4) - Bloomberg
June 13 (Bloomberg) -- BlackRock Inc., the largest publicly traded fund manager in the U.S., bought Lehman Brothers Holdings Inc. shares this week and remains optimistic about the company's prospects, a BlackRock executive said today. ``We have ...
2008-06-13 03:51:00 -
U.S. Stocks Climb as Oil Declines; Target, AMR, Citigroup Gain - Bloomberg
June 13 (Bloomberg) -- U.S. stocks rose, paring the week's losses, after oil retreated and some measures of inflation matched economists' forecasts, damping speculation the Federal Reserve will boost interest rates this year. Target Corp., AMR Corp ...
2008-06-13 01:28:00 -
UPDATE 1-Moody's says may cut Lehman ratings - Reuters
NEW YORK, June 13 (Reuters) - Moody's Investors Service said on Friday it placed Lehman Brothers Holdings Inc. (LEH.N: Quote , Profile , Research , Stock Buzz ) on review for a possible downgrade, citing the investment bank's demotion of both its ...
2008-06-13 04:12:00 -
Gas prices top consumer worry, economists say - Reuters
NEW YORK (Reuters) - Between chewing sauce-slathered ribs and corn on the cob, the neighbors and relatives of Wall Street's top prognosticators had one thing on their mind this past Memorial Day: gasoline prices. The 15 experts who spoke to the ...
2008-06-13 03:15:00 -
Hot Stocks of the Week: LEH F AGU BUD LCC - CNN Money
NEW YORK (Associated Press) - Lehman Brothers Holdings Inc. emerged as one of the week's biggest stories, as the embattled investment bank forecast a second-quarter loss and removed its chief financial officer and chief operating officer from their ...
2008-06-13 02:03:00 -
Sonoma Valley Bank Improves Rank in Top 200 Banks (PR Newswire via Yahoo! Finance)
Mel Switzer, Chairman and Chief Executive Officer of Sonoma Valley Bank, wholly owned subsidiary of Sonoma Valley Bancorp, headquartered in Sonoma, CA, announced the June, 2008 issue of U.S.
2008-06-13 12:53:00 -
Wachovia shares fall to lowest since 1992 (EARTHtimes.org)
BANGALORE (Reuters) - Wachovia Corp shares fell as much as 10.2 percent to their lowest level since 1992 on concern the fourth-largest U.S. bank might cut its dividend a second time, and after another mortgage lender with heavy exposure to California reported a jump in nonperforming assets.
2008-06-13 01:03:27 -
Foreclosures surge 48 percent in May (The Washington Times)
WASHINGTON (AP) Soaring foreclosures are continuing to raise questions about the mortgage industry's claims that lenders are making a dent in the housing crisis.
2008-06-13 01:40:14 -
State exports value grew slower than rest of nation (The Daily Dispatch)
PHOENIX — The value of goods and services produced in Arizona grew slower last year than the rest of the country. New figures Thursday from the U.S. Bureau of Economic Analysis show the state’s gross domestic product rose just 1.8 percen from 2006. That compares with a 2.0 percent national change.
2008-06-13 02:26:09 -
Can Banking Shake The Crisis? (Forbes)
The hits just keep on coming for the troubled industry, which has been hoping for a rebound.
2008-06-13 02:53:13 -
Private Investor: House-builder limbo - how low can they go? (Independent)
I don't have much time for angling, in any sense, I'm afraid, but I'm always up for a bit of bottom fishing in the stock market. Thanks to a bit of fun in The Independent's business section last week, I've been nosing around some of the members of the "90 per cent club", lovingly detailed in that article and listed by Thomson Reuters. Just in case you hadn't guessed, these are the shares that ...
2008-06-13 04:23:33 -
Small rebound in mortgage lending - BBC News
Mortgage lending showed a slight rebound in April, according to the Council of Mortgage Lenders (CML). Some 50,700 loans to purchase homes were granted in April, a rise of 5,000 from the previous month and the highest level since December. But the ...
2008-06-12 02:52:00 -
Need a new mortgage? It's your call - Guardian Unlimited
If you have a mortgage you are happy with, be very thankful - because trying to find a new deal has become a "nightmare". With bank share prices falling faster than Gordon Brown's approval ratings, and the economic predictions for interest rates ...
2008-06-13 03:58:00