Mortgage and Financial News From 2008-6-8 Page 6
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Had enough of high prices? (The Christian Science Monitor)
Of all the bad economic data, the cost of food and oil need the Fed's urgent attention.
2008-06-08 12:52:31 -
Independent Bank Corporation Announces the Dates for its Second ... - Forbes
IONIA, Mich., June 6 /PRNewswire-FirstCall/ -- Independent Bank Corporation (Nasdaq: IBCP), a Michigan-based bank holding company, announced that it will release its second quarter 2008 earnings results on Monday, July 28, 2008 at approximately 5 pm ...
2008-06-06 10:01:00 -
Lehman Brothers may raise more capital - Marketwatch
BOSTON (MarketWatch) -- Investors will be paying close attention to Lehman Brothers at the start of the week after reports the company may announce its second-quarter results ahead of schedule and unveil a plan to raise additional capital. , , ) is ...
2008-06-08 10:06:00 -
Alabama banks magnet for short sellers - Birmingham News
BIRMINGHAM, Ala. (AP) — Alabama banks have become magnets for short sellers — investors who profit when shares fall. Banks stocks here and around the country have been falling for more than a year, victim of the subprime mortgage crisis and real ...
2008-06-08 11:03:00 -
Sarah Sands: Reality television makes Marxists of us all - The Independent
The case for Lucinda Ledgerwood making the finals of The Apprentice was that she was capable and confident. The case against was that she broke the first commandment of reality television: she was not pleading for the job, body and soul. Lucinda ...
2008-06-08 06:53:00 -
The baby boom comes of age - Daily Telegraph
Flick through any music collection, and you'll find the tell-tale line of ageing: the high-tide mark when our taste for the new and adventurous gives way to "best-of" compilations and the comeback albums of trusted favourites. It's not to say we're ...
2008-06-08 08:33:00 -
Exchange Traded Derivatives Rise 30% to $692 Trillion, BIS Says - Bloomberg
June 9 (Bloomberg) -- Trading in derivatives, led by short- term interest-rate futures, climbed 30 percent to a record $692 trillion in the first quarter, signaling a possible easing of tensions in the money markets, the Bank for International ...
2008-06-08 12:08:00 -
Buyer's market grows Up North - Detroit Free Press
We used to laugh," said Fournier, president of Best Choice Realty Inc. "Now, we have some." The housing bust, credit crunch and $4-a-gallon gas have hit the second-home market hard Up North.
2008-06-08 11:25:00 -
Freddie Mac Says Bill Creates Confusion Over Its Role (Update2) - Bloomberg
June 6 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, said legislation requiring it to fund a federal home-loan insurance program will reinforce misconceptions that the company is backed by the government. ``It makes ...
2008-06-06 12:17:00 -
Markets shaky as oil soars - Stuff
World oil prices have raced up to a record US$139 a barrel and United States shares have dropped sharply amid new fears that the US economy faces 1970s-style "stagflation" of slowing growth and rising inflation. The Dow Jones industrial average fell ...
2008-06-08 09:59:00 -
Lenders pull the plug on buy-to-lets - Times Online
BRITAIN’S army of buy-to-let landlords are experiencing a repayment shock more severe than the one faced by other borrowers, as lenders raise rates in response to growing evidence of arrears in the sector. Thousands will be fighting to keep their ...
2008-06-07 12:59:00 -
Banks are only as safe as houses - Guardian Unlimited
House prices are already falling by more than 25 per cent a year. That is the figure the experts at M&G have come up with by extrapolating the last three-monthly house price statistics from the Halifax. The fund manager also warns that 'UK house ...
2008-06-07 05:02:00 -
Midwest storms bring flooding, twisters - Houston Chronicle
FRANKLIN, IND. — Severe storms crippled central Indiana with as much as 10 inches of rain Saturday and spawned tornadoes that ripped up roofs and flipped tractor-trailers in Wisconsin and the Chicago suburbs. The floods in Indiana threatened dams ...
2008-06-07 10:25:00 -
Flooding, tornadoes hit Midwest; more rain heads into Minnesota - Minneapolis Star Tribune
Showers and thunderstorms were expected to continue this morning and extend into the afternoon across the south-central part of Minnesota and into west-central Wisconsin, the weather service said this morning. The Twin Cities metro area is included ...
2008-06-08 04:30:00 -
Lawsuits target developer - Record Searchlight
Redding real estate developer and mortgage broker James Koenig, a major Turtle Bay Exploration Park booster, faces four lawsuits claiming that he bilked investors in a tax-shelter scam and defaulted on loans used to help finance the alleged schemes ...
2008-06-08 04:51:00