Mortgage and Financial News From 2008-7-20 Page 2
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Dollar Falls Against Euro Before Housing, Durable Goods Data (Bloomberg.com)
July 21 (Bloomberg) -- The dollar declined against the euro on speculation reports on U.S. home sales and durable-goods orders will encourage the Federal Reserve to delay raising interest rates.
2008-07-20 10:44:08 -
Texas community banks staying healthy, despite other banks going under (The Daily Texan)
The Texas Banking Commissioner gave the health of Texas community banks a favorable diagnosis at a press conference at the Capitol Friday. The conference was called in response to heightened customer concern in Texas following media hype surrounding the closure of IndyMac Bank, a California-based mortgage lender.
2008-07-20 10:50:12 -
State banks told to slash spreads (Bangkok Post - Thailand's English news)
Specialised state banks must cut their interest rate spreads to no higher than two percentage points, or half their current spreads, says Finance Minister Surapong Suebwonglee.
2008-07-20 07:26:56 -
The Mortgage Crisis: A ‘Failure of Leadership’ (The Epoch Times)
More regulatory action is not the answer to the ongoing subprime mortgage mess, according to industry experts and academia.
2008-07-20 07:38:45 -
OptHome in Southborough helps members buy and sell homes (The MetroWest Daily News)
With the residential real estate market as active as a sloth with arthritis, people looking to buy or sell a home could use some help. OptHome believes it can provide that assistance.
2008-07-20 09:02:33 -
Tennesseans find creative ways to adapt to tough times (The Tennessean)
Gas prices reached a record of $4 per gallon in Nashville last week. Inflation nationally has risen to its highest level in 17 years. And wage hikes aren't keeping pace with the steady drumbeat of rising prices on everything from eggs to energy.
2008-07-20 12:15:38 -
Sponsoring Recklessness (The New Yorker)
When do the words “not guaranteed” actually mean “guaranteed”? Whenever the mortgage giants Fannie Mae and Freddie Mac are involved. The two companies have long been required to tell investors that their securities are not guaranteed by the federal government. But in the financial markets everyone has always assumed that . . .
2008-07-20 09:07:31 -
System lets your keep more in bank with FDIC coverage (Chicago Sun-Times)
Suppose you had a lot of "chicken money" -- money you can't afford to lose. It's money that belongs in CDs in a bank, or perhaps in a money market fund or in Treasury bills. But bank deposits above $100,000 are not insured.
2008-07-20 06:33:56 -
Emerging debt-Asian bond spreads tighten on Citigroup relief (Reuters via Yahoo! Philippines News)
HONG KONG, July 21 (Reuters) - Asian bond spreads tightened on Monday tracking a rally in regional stock markets after a smaller-than-expected loss at Citigroup eased some of the recent concerns over the U.S. financial sector.
2008-07-20 09:13:32 -
In Case Of Emergency, Withdraw Here (Forbes)
You can't always prevent disasters from happening, but you can be financially prepared for them.
2008-07-20 03:17:32 -
Securing Your Cash (CBS News)
With the economy slump and recent bank failures, Americans are wondering if their money is safe. Kelli Grant, Sr. Consumer Reporter for SmartMoney.com, has some tips for ensuring your cash stays put.
2008-07-20 09:00:02 -
Opinion: Macbeth and the markets (Lincoln Journal Star)
Is this a dagger we see before us, hanging over the global financial system, or a dagger of the mind, a false creation proceeding from the heat-oppressed brains of frightened investors and depositors, greedy short-sellers, short-sighted auditors, and attention-seeking analysts and journalists?
2008-07-20 10:17:27 -
Rate hopes lift JSE financials (Independent Online)
Financial shares ended the week about 14 percent higher on Friday, despite news that Reserve Bank governor Tito Mboweni is downplaying figures from Investec Asset Management that show inflation to be about 2 percentage points lower than the official figures.
2008-07-20 10:20:27 -
Inflation - More shocks ahead? (rediff.com)
Some more write-downs in US banks could push oil prices back to over $140 in no time.
2008-07-20 10:38:58 -
Euro Open: Will Bank Earnings Fuel a Dollar Rally? (Daily FX)
Overnight economic data generally supported priced-in market outlook. The forthcoming session is conspicuously light on fundamental event risk, with Switzerland’s Producer and Import Prices the only significant item on the docket.
2008-07-20 10:50:15