Mortgage and Financial News From 2008-2-14

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  • Bernanke warns of worsening economy (Muzi)

    Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy on Thursday and signaled that the Fed will cut interest rate cuts further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.
    2008-02-14 05:43:07

  • Condos prices cooling - Providence Journal

    Condos prices coolingProvidence Journal, RI - 1 hour agoThe recent surge in condo construction, followed by the overall economic slowdown and rising mortgage defaults, has left prospective buyers unable or ...
    2008-02-14 04:41:25

  • Foreclosures up as rates increase - NEWS.com.au

    Foreclosures up as rates increaseNEWS.com.au, Australia - 1 hour ago"The first thing is to act quickly, to either go back to the lender or broker who organised the loan for you, explain your circumstances and see whether you ...
    2008-02-14 04:56:29

  • South Side renaissance (The Billings Outpost)

    Back in 1882, when Billings was new, the South Side Triangle, nestled between the Northern Pacific Railroad tracks and...
    2008-02-14 05:52:19

  • England in need of performance enhancers (Daily Telegraph)

    In a week dominated by performance enhancing drugs, England's cricketers appear to have overdosed on performance-restricting substances, writes Jim White.
    2008-02-14 05:57:17

  • Stocks fall on growth and inflation fears (Interactive Investor)

    Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
    2008-02-14 01:49:32

  • U.S. Stocks Drop, Led by Banks, Tech Companies; Intel Falls (Bloomberg.com)

    Feb. 14 (Bloomberg) -- U.S. stocks fell for the first time this week after Federal Reserve Chairman Ben S. Bernanke warned that a scarcity of credit will restrain economic growth and analysts said Intel Corp. may be hurt by slower computer sales.
    2008-02-14 02:13:52

  • First Trust/Gallatin Specialty Finance and Financial Opportunities Fund Increases its Quarterly Distribution to $0.37 ... (Centre Daily Times)

    First Trust/Gallatin Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) today increased its regularly scheduled quarterly distribution for the period ending February 29, 2008 to $0.37 per share from $0.36 per share.
    2008-02-14 03:25:14

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

    Azzo's Restaurant and Bar on Jamestown's Main Street has a tiny alcove behind a glass door where diners are allowed to write their comments on the cuisine and ambiance in large grease-pen letters on the walls.
    2008-02-14 03:34:04

  • Brokers barred for 'stealing' from elderly US philanthropist (AFP via Yahoo! News)

    The US state of New Jersey said Thursday it had barred two former Morgan Stanley securities brokers for allegedly stealing almost 400,000 dollars from an elderly philanthropist client.
    2008-02-14 03:37:08

  • China's Citic seeks new Bear Stearns deal (Straits Times)

    SHANGHAI - Citic Securities, China's top brokerage by assets, is back in talks with Bear Stearns to get a bigger stake in the Wall Street bank, whose shares have tumbled 30 per cent since the two firms agreed to swap stakes last October.
    2008-02-14 03:49:01

  • House repossessions on the rise (The West Australian)

    With interest rates set to rise further, many borrowers will struggle to meet their mortgage payments while some face the prospect of losing their home altogether.
    2008-02-14 05:00:17

  • FBI probes two more companies in subprime crackdown

    Reuters - WASHINGTON (Reuters) - The FBI recently opened two more investigations for a total of 16 corporations now being probed as part of its crackdown on subprime mortgage industry fraud, a bureau spokesman said on Thursday. FBI spokesman Bill Carter said ...
    2008-02-14 08:52:00

  • Congress eyes bond insurers amid housing crisis

    CNBC - Separately, the FBI said on Thursday it had recently opened two more investigations similar to the SEC's, making 16 corporations now being probed as part of the FBI's inquiry into subprime mortgage industry fraud. (Reporting by Kevin Drawbaugh ...
    2008-02-14 02:14:00

  • Weld again ranks high nationally in consumer fraud, identity theft

    Greeley Tribune - Buck said his prosecutors are doing a lot of work on mortgage fraud and other types of consumer fraud, but he said that also hasn't increased or decreased significantly. Several agencies report consumer fraud to the commission, including the Federal ...
    2008-02-14 07:19:00

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