Mortgage and Financial News From 2008-6-12 Page 16
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Australia banks turning to sovereign fund for cash (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, June 12 (Reuters) - Cash-strapped Australian banks are tapping the country's sovereign wealth fund to raise new finance as traditional sources of funding dry up in the ongoing global credit crisis.
2008-06-11 08:34:08 -
Top Scoops (Scoop.co.nz)
"I am furious about the abuse that I have suffered. I regard this as a Soviet-style attack on my rights to dissent from the government." Susan Lindauer
2008-06-11 09:50:46 -
Housing Authority to make 2,000 apartments available (Portland Tribune)
Kevin Earhart knows where he will be early on the morning of June 18. There’s a town home-style apartment building in Southeast Portland run by the Housing Authority of Portland. Earhart likes the courtyard and the fact that the building is close to a bus stop. “I’ll be right ...
2008-06-12 12:07:24 -
BofA exec: Countrywide deal on track (Los Angeles Daily News)
Bank of America Corp. Chief Executive Kenneth Lewis said Wednesday that there are no plans to call off its $4 billion deal to acquire Countrywide Financial Corp., and that he believes charge-offs and delinquencies in the U.S. will peak in the third quarter.
2008-06-12 01:22:20 -
The agony of default (Morton Grove Champion)
Last month Dan decided to stop paying his mortgage. It was hard for him. Dan, who is in his 20s and grew up in Chicago's Edison Park community, paid all his bills, always on time, and is proud of it. When he finally decided not to pay his mortgage in March, he couldn't go through with it. He never expected to have to make such a choice, but he was worried about being able to afford a home.
2008-06-12 02:17:23 -
FTSE ticks up on oils and miners - International Herald Tribune
LONDON : The top share index ticked up on Thursday after the previous session's sharp losses to snap a four-day losing run, as gains in oil shares outweighed a slump in Carphone Warehouse and retailers. By 9:18 a.m., the FTSE 100 was up 34.7 points ...
2008-06-12 01:26:00 -
A Summary of Illinois News - Chicago Tribune
CHICAGO - House Speaker Michael Madigan 's memo on possibly impeaching Gov. Rod Blagojevich is complicating efforts to reach an agreement on balancing the state budget, other top officials said Wednesday -- including some who argue Madigan relishes ...
2008-06-12 12:29:00 -
UPDATE 1-Home Retail cautious, but Argos beats forecasts - Reuters
LONDON, June 12 (Reuters) - Home Retail (HOME.L: Quote , Profile , Research ), Britain's biggest household goods retailer, posted flat first-quarter underlying sales at its main Argos chain, beating analysts' expectations, but said the trading ...
2008-06-11 11:24:00 -
Babcock Plunges by Record on Concern Over Debt Review (Update2) - Bloomberg
June 12 (Bloomberg) -- Babcock & Brown Ltd. , Australia's second-biggest securities firm, plunged by a record in Sydney trading, pushing its market value to a level that may trigger a review of agreements on A$2.8 billion ($2.6 billion) of debt ...
2008-06-12 12:21:00 -
DD Mortgage aims to restructure housing finance - Turkish Daily News
DD Mortgage, Turkey's first mortgage company, launched its operations, obtaining the necessary license from the Banking Regulation and Supervision Agency, or BDDK. The company is a joint venture between Deutsche Bank, one of the world's largest banks ...
2008-06-12 12:57:00 -
Shenzhen housing market likely to slide further - Xinhua News Agency
BEIJING, June 12 -- Housing sales perked up in Shenzhen in May as prices continued to slide, but experts predict prices won¡¯t stop falling in the coming months. The average housing price in Shenzhen¡¯s six districts dropped to 11,143 yuan (US$1 ...
2008-06-11 10:13:00 -
HBOS Sinks, Putting Morgan Stanley, Dresdner in a Jam (Update1) - Bloomberg
June 12 (Bloomberg) -- HBOS Plc , the U.K.'s biggest mortgage lender, traded at a record low in London, meaning underwriters of its 4 billion-pound ($7.9 billion) rights offering may be forced to buy stock at a loss. Morgan Stanley and Dresdner ...
2008-06-12 01:19:00 -
The commodities situation could cool down (Journal Inquirer)
Ethan Harris is managing director and chief U.S economist at Lehman Brothers and is responsible for the firm’s forecast and analysis of the U.S. economy.
2008-06-11 10:44:43 -
First-time buyers hunting for homes (Tallahassee Democrat)
Every home has a story, and across the state many tell a tale about owners who could not make their mortgage payments. Foreclosures ensued and everyone, from the home-owner to the bank to the neighborhood, wound up losing something.
2008-06-11 11:10:07 -
06-12-08 EUR ALL ON ONE PAGE (Eurweb)
ASHANTI'S BLOODY ALBUM PROMOTION BACKFIRES: Site allowing fans to personalize a fake murder spree removed amid protests.
2008-06-12 12:09:30