Mortgage and Financial News From 2008-4-24 Page 7
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ABA and Farmer Mac Announce Expansion of Unique Alliance (PR Newswire via Yahoo! Finance)
The American Bankers Association and the Federal Agricultural Mortgage Corporation today announced the expansion of the ABA/Farmer Mac Alliance.
2008-04-24 01:15:00 -
Kenya: Co-Op Bank Comes Into Focus As Next Major IPO (AllAfrica.com)
Co-operative Bank shareholders will today discuss a proposal to float the company at the Nairobi Stock Exchange.
2008-04-24 01:15:31 -
TIB Financial Corp. Reports First Quarter Results (Business Wire via Yahoo! Finance)
NAPLES, Fla.----TIB Financial Corp. , parent company of TIB Bank, The Bank of Venice and Naples Capital Advisors, leading financial services providers serving the greater Naples, Bonita Springs and Fort Myers area, Highlands County, South Miami-Dade County, the Florida Keys and Sarasota County, today reported a net loss for the three months ended March 31, 2008 of $1.4 million compared to net ...
2008-04-24 01:16:00 -
BofA to sweep Countrywide name into history bin (San Francisco Business Times)
Bank of America plans to drop the Countrywide Financial moniker after it closes on its purchase of the troubled mortgage lender later this year. (BAC) (CFC)
2008-04-24 01:16:05 -
Fitch Affirms Citigroup Commercial Mortgage Trust, Series 2007-FL3 (Business Wire via Yahoo! Finance)
CHICAGO----Citigroup Commercial Mortgage Trust, series 2007-FL3, commercial mortgage pass-through certificates are affirmed by Fitch Ratings as follows:
2008-04-24 01:19:00 -
Rates on 30-year mortgages top 6 percent (Seattle Times)
Rates on 30-year mortgages topped 6 percent for the first time in six weeks as financial markets grew more worried about rising inflation pressures.
2008-04-24 01:19:00 -
As loans dry up, so will U.S. economy (MSN Money Canada)
Those who say that the worst banking news is already out are more wishful than watchful. Take a look at what happens when businesses can't borrow what they need.
2008-04-24 01:19:21 -
Update: Persimmon blames credit crunch for sales slump (ShareCast)
LONDON (SHARECAST) - Worried housebuilder Persimmon has delayed building at new sites until the mortgage market improves after owning up to a 24% slump in sales since the start of 2008.
2008-04-24 06:24:00 -
New-Home Sales in the U.S. Plunge More Than Forecast (Update2) (Bloomberg.com)
April 24 (Bloomberg) -- Purchases of new homes in the U.S. plunged more than forecast in March to the lowest level in almost 17 years as stricter loan rules and falling prices caused buyers to hold off.
2008-04-24 07:33:30 -
FTSE 100 movers: Reckitt Benckiser provides some cheer (ShareCast via Yahoo! UK & Ireland Finance)
Household products group Reckitt Benckiser moved to the top of the FTSE 100 leaderboard as it increased its estimates for 2008 after strong sales of Vanish stain remover, Finish dishwasher powder and cleaner Cillit Bang.
2008-04-24 07:46:00 -
High street sales slump as credit crunch bites (Daily Telegraph)
The credit crisis is causing continuing damage to high street spending as figures released showed retail sales plummeted to the lowest level for more than a year.
2008-04-24 08:05:30 -
Mass strike vents anger at Labour pay policy (Independent)
Anger over the Government's pay policy exploded today when up to 400,000 teachers, lecturers, civil and public servants went on strike, disrupting thousands of schools, colleges, jobcentres and Whitehall departments.
2008-04-24 09:30:42 -
Treasuries Fall as Jobless Claims Drop Before 5-Year Note Sale (Bloomberg.com)
April 24 (Bloomberg) -- Treasuries fell, pushing two-year note yields to a three-month high, as a drop in initial jobless claims and an increase in a measure of durable-goods orders fueled bets the Federal Reserve will stop cutting interest rates.
2008-04-24 10:03:42 -
New Home Stockpile (Forbes)
Higher interest rates and falling prices are keeping American consumers from buying new homes.
2008-04-24 10:21:18 -
U.K. Stocks Decline, Led by Persimmon; Schroders, Cairn Fall (Bloomberg.com)
April 24 (Bloomberg) -- U.K. stocks retreated, led by Persimmon Plc as Britain's largest homebuilder by market value postponed construction on new sites after sales dropped 24 percent. Barratt Developments Plc slumped.
2008-04-24 10:28:31