Mortgage and Financial News From 2008-1-2 Page 3

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  • Leveraged Loans Lose $28 Billion While Carlyle Gets Punished (Bloomberg.com)

    Jan. 3 (Bloomberg) -- For investors stung by $28 billion of losses on high-yield, high-risk loans, it's payback time.
    2008-01-02 09:43:11
  • Detroit has become favorite target of Democratic hopefuls (Detroit News)

    Barack Obama has made his tough talk to the domestic automakers during a May speech at the Detroit Economic Club a central argument for his campaign's positioning of the Illinois senator as a different kind of candidate.
    2008-01-02 10:03:43
  • EDITORIAL: Rein in credit-card debt (The Herald Bulletin)

    We believe: Americans need to keep a close eye on how much they spend with their credit cards. If there was one overarching theme in 2007, it was debt. Americans are swimming in it, and many are drowning.
    2008-01-02 10:25:24
  • FEMA updates flood maps (The Colony Courier-Leader)

    New aerial topography maps apparently show most homes that formerly were in The Colony’s 100-year floodplain are no longer in it. “The new maps show a total of 12 residences in the floodplain,” The Colony City Engineer Gordon Scruggs said. “Previously we had close to 100.”
    2008-01-02 11:04:07
  • Homeowners with forgiven loan debt get timely tax break (The Journal News)

    Families who lost their homes to the foreclosure crisis last year will have at least one reason for cheer as the holiday season ends: They won't have to worry about a big tax bill.
    2008-01-02 11:49:13
  • Dollar gains on weak greenback

    News.com.au - Poor US manufacturing data released overnight painted a bleak picture of the US economy and increased talk of an interest rate cut there when the Federal Reserve next meets. The US Institute For Supply Management's (ISM) manufacturing survey showed ...
    2008-01-02 10:43:00
  • Fed Signals Greater Growth Concern, More Rate-Cut Incentive

    Bloomberg - The remarks suggest the Fed has more incentive to continue reducing interest rates after cutting the benchmark rate by 1 percentage point. Reports since the committee met showed manufacturing shrank last month and new-home sales in November were the ...
    2008-01-02 10:43:00
  • Petrol set to hit $1.50 on oil shock

    News.com.au - AVERAGE petrol prices could hit the $1.50 mark within a week and an interest rate rise could follow, after world oil prices soared to $US100, motoring group NRMA says. Oil prices soared to $US100 a barrel for the first time overnight, as global ...
    2008-01-02 06:11:00
  • DIARY - Germany - to February 1

    Reuters - ... Democratic Party CDU (1130 GMT)- MONDAY, JANUARY 7 BERLIN- The German train drivers' union GDL to stike on passenger and freight routes from Jan. 7.- THURSDAY, JANUARY 10 FRANKFURT- ECB Governing Council meeting, followed by interest rate ...
    2008-01-02 10:00:00
  • Fed minutes: credit woes may force more rate cuts

    Reuters - WASHINGTON (Reuters) - Federal Reserve policy-makers worried that a credit crunch could sharply brake economic growth and require big interest rate cuts, according to minutes of the Fed's December 11 policy meeting, released on Wednesday. "Some ...
    2008-01-02 02:08:00
  • Slowdown in factory orders fuels hopes of further rate cut

    The Independent - The growth of Britain's manufacturing sector slowed sharply during December, official figures revealed yesterday, increasing the chances that the Bank of England's Monetary Policy Committee will again cut interest rates when it meets next week. The ...
    2008-01-02 04:02:00
  • UPDATE 1-Fed minutes: credit woes may force more rate cuts

    Reuters - WASHINGTON, Jan 2 (Reuters) - Members of the Federal Reserve's interest rate setting committee worried last month that a credit crunch could sharply brake economic growth and require big interest rate cuts, minutes of the U.S. central bank's December ...
    2008-01-02 02:51:00
  • Oil could push petrol to $1.50

    News.com.au - AVERAGE petrol prices could hit the $1.50 mark within weeks and an interest rate rise could follow, after world oil prices soared to $US100. Oil prices soared to $US100 a barrel for the first time ever last night, as global demand for oil and ...
    2008-01-02 09:32:00
  • Higher uncertainty led to Fed about-face

    St. Petersburg Times - WASHINGTON - Worsening problems in the housing, credit and financial markets drove the Federal Reserve to do an about-face at its Dec. 11 meeting and slice its key interest rate yet again with the hope it would help bolster an economy that was losing ...
    2008-01-02 09:03:00
  • FOREX-Dollar edges up, but rate outlook and stocks weigh

    Forbes - They indicated some policy-makers believed tighter credit could require "substantial" interest rate cuts. However, they also noted financial conditions could improve quickly and force the central bank to reverse those cuts. [ID:nN02107201] Federal ...
    2008-01-02 11:05:00