Mortgage and Financial News From 2008-2-14 Page 19

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• China's CITIC seeks new Bear Stearns deal - Guardian Unlimited

  China's CITIC seeks new Bear Stearns dealGuardian Unlimited, UK - 4 hours agoBear had expected to be the first foreign bank to invest in a Chinese broker after China's government last month lifted a two-year regulatory ban against ...
  2008-02-14 01:57:03

• Lawmakers seek remedies to bond insurance pain, big bond insurer ... - International Herald Tribune

  Lawmakers seek remedies to bond insurance pain, big bond insurer ...International Herald Tribune, France - 23 minutes agoAn offshoot of the mortgage crisis, the dislocation in the bond insurance industry is spreading beyond Wall Street, threatening the cost of financing ...
  2008-02-14 05:37:03

• Bond insurers admit mistakes - MarketWatch

  Bond insurers admit mistakesMarketWatch - 8 minutes agoSince the mortgage crisis hit last year, concerns have grown that these companies will have to pay big claims, leaving them with less capital than they need ...
  2008-02-14 05:51:49

• Separation boosts chance of immunity - Financial Times

  Separation boosts chance of immunityFinancial Times, UK - 6 minutes agoOf the more than 6400 people employed by the mortgage bank in July 2007, about 5500 were in the north-east, predominantly at its Newcastle headquarters. ...
  2008-02-14 05:53:49

• England in need of performance enhancers - Telegraph.co.uk

  England in need of performance enhancersTelegraph.co.uk, United Kingdom - 5 minutes agoWhen adverts from oil companies claiming to be green and sub-prime mortgage lenders hoping to snare more victims with suggestions that massive personal debt ...
  2008-02-14 05:55:09

• Broker Couple Fined Over Stealing Allegations - Wall Street Journal

  Broker Couple Fined Over Stealing AllegationsWall Street Journal - 2 hours agoIn this instance, an unprincipled broker took advantage of a trusting, elderly customer and her charitable foundation at a time when she was hospitalized ...
  2008-02-14 03:33:11

• Bloodbath in the Valley (The Age)

  Microsoft's Bill Gates and Google founders Larry Page and Sergey Brin have seen their fortunes shrink by $US16 billion since the start of the year.
  2008-02-14 05:33:57

• (AFX UK Focus) 2008-02-15 01:05 GMT: Bond insurer bristles at gov't bailout (Interactive Investor)

  WASHINGTON (AP) - Lawmakers on Thursday reached for remedies to ease the financially strained bond industry, suggesting government intervention may be needed as the distress infects other areas of the economy.
  2008-02-14 05:36:10

• Penned-up love leads to 'I dos' - Union Democrat

  Penned-up love leads to 'I dos'Union Democrat, CA - 2 hours agoGina McRae, a raven-haired mortgage broker from Copperopolis, wasn't completely clear on the concept last New Year's Eve, when she took pen in hand and ...
  2008-02-14 03:34:23

• Brokers barred for 'stealing' from elderly US philanthropist - AFP

  Brokers barred for 'stealing' from elderly US philanthropistAFP - 2 hours agoThe state regulator claimed John Mullins obtained 375000 dollars of Weil's assets, part of which he used to pay down a mortgage held with his wife, ...
  2008-02-14 03:46:15

• Dow Drops 175 - CNBC

  Dow Drops 175CNBC, NJ - 2 hours ago... earnings estimates on several large broker-dealers, Dylan Ratigan says. Lehman expects further sizable markdowns from subprime mortgage securities, ...
  2008-02-14 03:47:24

• Sainsbury up on talk of Qatari stake rise - Times Online

  Sainsbury up on talk of Qatari stake riseTimes Online, UK - 1 hour agoHowever, Evolution, the broker, which has proposed a nil-premium merger withWilliam Hill, up 15¾p at 408¾p, cautioned that the next news from Ladbrokes ...
  2008-02-14 04:07:14

• Home Prices Fall in Majority of Metro Areas in Survey (NYTimes.com via Yahoo! Finance)

  Median home prices fell in 77 of the 150 metropolitan areas surveyed by the National Association of Realtors, with 16 showing double-digit percentage price drops.
  2008-02-14 05:40:35

• DBS Group Profit Falls on Subprime Mortgage Losses (Update2) (Bloomberg.com)

  Feb. 15 (Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia's largest bank, said fourth-quarter profit fell 18 percent after it wrote down investments linked to U.S. subprime mortgages.
  2008-02-14 05:42:10

• FINRA Charges Broker For Misappropriating Almost $400000 From 97 ... - Exchange News Direct

  FINRA Charges Broker For Misappropriating Almost $400000 From 97 ...Exchange News Direct, UK - 1 hour agoThe complaint charges that beyond paying off the mortgage credit-line, Mr. Mullins began to use the customer's checks and debit cards largely to make ...
  2008-02-14 04:28:50

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