Mortgage and Financial News From 2008-6-13 Page 9
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Asian stocks mixed ahead of US inflation data (ABS-CBNNEWS.com)
HONG KONG - Asian stocks were mixed Friday in cautious trade ahead of the release of key US inflation data and a crucial G8 meeting thought likely to deliver a boost to the dollar.
2008-06-13 04:53:20 -
Sallie Mae, Progress Energy Lead $13.3 Billion of Bond Sales (Bloomberg.com)
June 13 (Bloomberg) -- SLM Corp., the largest U.S. educational lender, and utility owner Progress Energy Inc. led $13.3 billion of U.S. corporate bond sales this week, as investor demand waned on speculation that accelerating inflation will prompt the Federal Reserve to lift interest rates.
2008-06-13 05:35:04 -
Wall St set to open higher after inflation report (Reuters via Yahoo! News)
U.S. stocks headed for a higher open on Friday, helped by a government report that showed May's consumer prices, excluding food and energy, rose according to economists' expectations, easing fears of runaway inflation.
2008-06-13 06:29:27 -
MF Global secures $450 credit facility (AP via Yahoo! Finance)
Futures and options broker MF Global Ltd. said Friday a bank syndicate has agreed to provide a $450 million credit facility that will be used to refinance a bridge loan it received to go public.
2008-06-13 06:21:38 -
Most European Stocks Drop; China Shares Tumble on Inflation (Bloomberg.com)
June 13 (Bloomberg) -- Most European stocks dropped, capping the worst two weeks for the Dow Jones Stoxx 600 Index since January, on concern slowing economic growth will erode earnings as inflation accelerates.
2008-06-13 06:26:38 -
Barack Obama's Mounting Ethical Tone Deafness, Now With Jim Johnson's ... - US News and World Report
You have got to check out the lead editorial in today's Wall Street Journal . Sen. Barack Obama's tone deafness on unethical conduct is absolutely stunning. In sum, the piece notes that Jim Johnson, one of the three people Sen. Obama chose to help ...
2008-06-11 01:59:00 -
Obama's Bad Day Comes Early - The Ledger
Everybody knows that the very first rule in picking a vice presidential nominee is to do no harm. Really, you can choose anybody. How dumb would you feel if it turned into an embarrassment? This is why the careful, modern candidate sets up a ...
2008-06-13 02:51:00 -
HOPE Expo helps home buyers' dreams come true - St. Petersburg Times
Story Tools If you're a person of modest means who thinks the dream of home ownership just vanished in that black cloud of gloom known as the subprime mortgage meltdown . . . Not so fast. "There is a plethora of inventory to choose from, and plenty ...
2008-06-13 04:38:00 -
UPDATE: US Paulson: Investment Banks Still Making Progress (The Forex Market)
(Adds background on bank capital raising.) OSAKA -(Dow Jones)- Investment banks continue to make progress in recovering from the global financial turmoil, U.S. Treasury Secretary Henry Paulson said Thursday.
2008-06-13 12:21:13 -
Good Times Left Lehman Unprepared for the Bad (NYTimes.com via Yahoo! Finance)
Sometimes, when you really mess up, it is good to admit you erred. Unfortunately, no one seems to have gotten that message through to Lehman Brothers.
2008-06-13 12:36:59 -
No U.S. meltdown but mortgages up (Toronto Sun)
Cut up your credit cards and put a little away in tough times
2008-06-13 01:12:55 -
Seven locals arrested in $10M mortgage fraud scam - San Francisco Examiner
A team of federal agents arrested seven local residents Thursday in what one Maryland official called the worst mortgage fraud scam in the state’s history. Prosecutors claim that eight people, one of whom is still at large, bilked at least 100 ...
2008-06-12 11:44:00 -
Seven locals arrested in $10M mortgage fraud scam - San Francisco Examiner
A team of federal agents arrested seven local residents Thursday in what one Maryland official called the worst mortgage fraud scam in the state’s history. Prosecutors claim that eight people, one of whom is still at large, bilked at least 100 ...
2008-06-12 11:44:00 -
Seven locals arrested in $10M mortgage fraud scam - San Francisco Examiner
A team of federal agents arrested seven local residents Thursday in what one Maryland official called the worst mortgage fraud scam in the state’s history. Prosecutors claim that eight people, one of whom is still at large, bilked at least 100 ...
2008-06-12 11:44:00 -
8 accused of loan scheme - Baltimore Sun
GREENBELT - Federal prosecutors accused eight people yesterday of bilking homeowners and banks of more than $35 million in a complicated mortgage fraud scheme involving phony loans and home purchases. The defendants, several of whom are related ...
2008-06-13 02:58:00