Mortgage and Financial News From 2008-1-2 Page 17

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• National City to lay off 900 in mortgage unit

  MSN MoneyCentral - National City Corp. said Wednesday that it would lay off 900 mortgage staffers as it stops offering mortgages through brokers. The Cleveland-based bank (NYSE:NCC) is the Pittsburgh area's second-largest financial institution with 152 branches. The ...
  2008-01-02 07:13:00

• Investment in clean energy topped $100 billion for first time in 2007

  International Herald Tribune - ... that drive investment in clean energy, like fears about dwindling supplies of traditional sources of energy, remained strong even as financial markets plunged into turmoil amid the crisis over subprime mortgages in the United States in the second ...
  2008-01-02 11:52:00

• London prime property market falters

  Times Online - Mr Cook said: “Like a second home, an investment property is the ultimate discretionary spend.” Those owners who ... Also in Property & Mortgages
  2008-01-02 03:34:00

• A Look Ahead - FOX News

  A Look AheadFOX News - 4 hours ago... subprime mortgages is likely to persist through midyear as the economy stays soft, says economic forecaster Harry S. Dent Jr. "The second half of 2008 ...
  2008-01-02 02:25:35

• Jim Lowell On Mutual And Exchange-Traded Funds - Forbes

  Jim Lowell On Mutual And Exchange-Traded FundsForbes, NY - 4 hours agoThat the subprime issue is contained to the mortgage markets and manageable by the Fed. In '08, confidence in subprime containment will yield to the ...
  2008-01-02 02:27:07

• Stocks Finish Near Session Lows - CNNMoney.com

  Stocks Finish Near Session LowsCNNMoney.com - 4 hours agoThe provider of mortgages and vehicle fleet services said it ended an agreement to be bought by General Electric (NYSE:GE) Capital and The Blackstone Group ...
  2008-01-02 02:36:18

• Banks, Shot - City Journal

  Banks, ShotCity Journal, NY - 3 hours agoEveryone blames the mortgage crisis, but if it hadn’t been mortgages, it would have been something else. And in fact it might be something else soon: banks ...
  2008-01-02 03:14:47

• Bencivengo vows to remember Hamilton's working class - PolitickerNJ

  Bencivengo vows to remember Hamilton's working classPolitickerNJ, NJ - 3 hours agoMost of them are men who have never spent a single moment worrying how to keep their businesses alive, or their checkbooks balanced, or their mortgages paid ...
  2008-01-02 03:33:39

• European manufacturing growth slowed in Dec., PMI shows - Tehran Times

  European manufacturing growth slowed in Dec., PMI showsTehran Times, Iran - 3 hours agoEuropean companies are also grappling with rising credit costs after defaults on US mortgages aimed at people with a poor credit history made banks ...
  2008-01-02 03:58:21

• How British voters can start a revolution - Telegraph.co.uk

  How British voters can start a revolutionTelegraph.co.uk, United Kingdom - 2 hours agoBut mortgages based on two salaries force most mothers back to work all too soon. Child Benefit and Child Tax Credit now average payments over a child's ...
  2008-01-02 04:06:24

• Selling through the storm - Scotsman

  Selling through the stormScotsman, United Kingdom - 2 hours agoMortgages will undoubtedly be more difficult to establish and this will have a knock-on effect as one goes into the lower reaches of the medium end of the ...
  2008-01-02 04:06:36

• Australian Stocks Fall Most in Three Weeks; Westfield Declines - Bloomberg

  Australian Stocks Fall Most in Three Weeks; Westfield DeclinesBloomberg - 2 hours agoBabcock & Brown Ltd., the nation's second-largest investment bank, fell 80 cents, or 3 percent, to A$26. Australian financial stocks dropped 0.6 percent ...
  2008-01-02 04:53:38

• Just not enough oil to go around - Guardian Unlimited

  Just not enough oil to go aroundGuardian Unlimited, UK - 1 hour agoThere's the fact that Santander's mortgage book is already larger in Britain than in Spain. Bulking up on UK mortgages, at this wobbly moment for the UK ...
  2008-01-02 05:04:48

• Inmobiliaria Colonial shares suspended - Telegraph.co.uk

  Inmobiliaria Colonial shares suspendedTelegraph.co.uk, United Kingdom - 1 hour agoMore than 98pc of Spanish mortgages are at floating rates pegged to three-month Euribor, which has jumped by 70 basis points since the summer. ...
  2008-01-02 05:08:20

• Building is down 32% for 2007 - Pahrump Valley Times

  Building is down 32% for 2007Pahrump Valley Times, NV - 1 hour ago... off in the second half as the foreclosure crisis caused by the escalation of sub-prime mortgages led to a drop in the real estate market nationwide. ...
  2008-01-02 05:35:46

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