Mortgage and Financial News From 2008-4-24 Page 5
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Reverse mortgages getting better - Marketwatch
WASHINGTON (MarketWatch) -- Question: My aunt is in a similar position as the 91-year-old woman with an oceanfront house in Southern California. It was suggested to us that she use a reverse mortgage. What are the cons to a reverse mortgage? See ...
2008-04-24 04:07:00 -
Saturation in China and India leads private equity to the edge of ... - International Herald Tribune
LONDON : Private equity deals in Western economies have almost dried up because of the credit crunch, but in emerging markets billions still flow, including increasing amounts to more exotic frontier areas. The U.S. mortgage crisis has left Western ...
2008-04-24 11:42:00 -
McAfee projects 2nd-quarter revenue above analyst outlook - CNN Money
McAfee expects second-quarter sales of $360 million to $375 million. Analysts polled by Thomson Financial expect $356.9 million in revenue. McAfee also expects earnings of 26 cents to 31 cents per share, or 42 cents to 47 cents on an adjusted basis ...
2008-04-24 02:48:00 -
Starbucks cuts outlook, blames housing market - MSNBC
LOS ANGELES - Starbucks Corp said on Wednesday it was the latest victim of the U.S. mortgage meltdown. Blaming hard-hit housing markets of California and Florida for slowing sales, the coffee shop chain slashed its quarterly and 2008 profit forecast ...
2008-04-24 08:22:00 -
Chubb quarterly net slips; insurer says D&O claims benign (Market Watch)
SAN FRANCISCO (MarketWatch) -- Chubb Corp. reported better-than-expected first quarter earnings late Thursday and said it hasn't seen a big increase in claims from the credit crunch.
2008-04-24 04:02:46 -
US' Paulson sees markets regaining balance (Straits Times)
WASHINGTON - UNITED States Treasury Secretary Henry Paulson said that financial markets are starting to regain their equilibrium and signalled a willingness to work with Democrats on a federal mortgage guarantee plan.
2008-04-24 04:20:16 -
House Panel Approves $15 Billion Foreclosure Bill (NYTimes.com via Yahoo! Finance)
Democrats pushed a $15 billion housing bill through a House committee. The would send federal loans and grants to cities and counties hit hardest by the housing crisis.
2008-04-24 04:40:04 -
Pay up! Banks urged to concede defeat as judge rules against charges (Independent)
Britain's biggest banks face payouts of more than £10bn after losing the right to charge current account holders as much as they like for unauthorised borrowing. Vindicating The Independent's year-long campaign against bank charges, the High Court ruled yesterday that fees for slipping into an overdraft or bouncing a cheque are subject to standard legal rules on fairness of contracts, raising ...
2008-04-24 04:40:19 -
ENRC takes a breather as investors cash in (Daily Telegraph)
Eurasian Natural Resources Corporation (ENRC), London's best-performing blue-chip this year, took a breather yesterday as investors started to cash in on its performance.
2008-04-24 04:43:48 -
Cheltenham & Gloucester raises rate again (Daily Telegraph)
One of Britain's biggest mortgage lenders has raised its rates for the second time in three weeks.
2008-04-24 04:45:08 -
Credit crunch writedowns force Credit Suisse into first-quarter loss (Independent)
The Swiss banking industry suffered another blow yesterday as Credit Suisse, until now seen as a mild casualty of the financial crisis, plunged to a first-quarter loss because of big credit crunch writedowns.
2008-04-24 05:12:43 -
UCBH Holdings, Inc. Reports First Quarter 2008 Financial Results (Finanzen.net)
UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB™ or the "Bank”), today reported first quarter 2008 net income of $2.2 million, compared with $27.0 million in the first quarter of 2007. The fully ...
2008-04-24 05:26:58 -
Mortgage lenders warn that higher rates here to stay - Times Online
Mortgage rates will continue to rise and may not return to the low rates seen last year, despite the banking sector bailout announced this week, lenders told the Chancellor yesterday. They welcomed the Bank of England's £50billion facility intended ...
2008-04-22 03:19:00 -
WSFS Reports EPS of $1.15, Increases Dividend by 20% Over 2007 - CNBC
WILMINGTON, Del., April 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Wilmington Savings Fund Society, FSB, reported quarterly diluted earnings per share of $1.15, or net income of $7.2 ...
2008-04-24 01:44:00 -
Triple blow on rates, petrol and inflation - News.com.au
Petrol could hit $1.60 within weeks Another rate hike would push average mortgage to 9.75pc In-depth : The latest interest rate news and features FAMILIES are facing a triple blow as yet another interest rate rise looms, petrol prices appear certain ...
2008-04-24 10:59:00