Mortgage and Financial News From 2008-7-28 Page 7
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Revlon Sells Non-core Bozzano Brand For About $104 Mln (Fox News)
Revlon Sells Non-core Bozzano Brand For About $104 Mln
2008-07-28 03:09:11 -
Rates mixed at weekly Treasury auction (INO News)
(AP:WASHINGTON) Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills rising while rates on six-month bills dropped to the lowest level since mid-May.
2008-07-28 03:10:38 -
Inflation, liquidity condition influential: RBI (Deepika)
Mumbai, July 28 (UNI) Inflation has emerged as a global phenomenon in recent months even as liquidity conditions continued to be influenced by movements in cash balances of the Central Government and capital flows, the Reserve Bank of India said.
2008-07-28 03:10:45 -
Markets end flat ahead of RBIs policy review (Express India)
Key equity indices ended flat on Monday ahead of a crucial monetary policy review meeting of the Reserve Bank of India. Positive global cues helped the markets start on a high note but the indices moved in a range-bound manner throughout the session.
2008-07-28 03:11:02 -
The First Bancshares, Inc. Reports 2nd Quarter Earnings (Centre Daily Times)
The First Bancshares, Inc., (NASDAQGS: FBMS), holding company for The First, A National Banking Association, (www.thefirstbank.com) today reported earnings for the second quarter which ended June 30, 2008.
2008-07-28 03:11:34 -
Housing rescue bill heads to Bush's desk for signature - Houston Chronicle
Texas Sens. Kay Bailey Hutchison and John Cornyn were among the 13 GOP senators who voted against the emergency housing legislation. Hutchison said she voted against the measure because senators were blocked from offering amendments to change the ...
2008-07-25 05:53:00 -
Loans too easy to obtain, some experts claim - Chicago Tribune
Obtaining a mortgage loan used to be an ordeal that involved retrieving reams of tax returns, pay stubs and bank statements. Now, some critics contend, it is becoming a bit too easy, putting everyone from homeowners to certain bond investors at risk ...
2008-07-28 12:24:00 -
Fast facts on mortgage insurance - San Jose Mercury News
What is mortgage insurance? Insurance to cover some of a mortgage lender's losses in case a borrower stops paying his or her mortgage. Who pays the insurance premiums? The mortgage borrower. Who must buy mortgage insurance? Lenders usually require it ...
2008-07-28 01:29:00 -
A New Tool Announced to Support Home Loans (New York Times)
The Treasury Department and the nation?s four biggest banks said they were ready to kick-start a market for a new tool to support home financing in the latest effort to spur a moribund housing market.
2008-07-28 01:38:07 -
Paulson guidance on covered bonds (Financial Times)
The push to increase US banks’ options for funding mortgage lending received a boost on Monday when Hank Paulson, US Treasury secretary, issued guidelines on the development of a covered bond market.
2008-07-28 01:39:13 -
Wall Street falls as financials lead decline (Reuters via Yahoo! News)
Stocks tumbled on Monday as fear of more credit and housing market turmoil battered financial shares and a mixed bag of quarterly results added to uncertainty the outlook for corporate profits.
2008-07-28 01:42:10 -
BNCCORP, Inc. Reports Net Income of $700 Thousand, or $0.21 Per Diluted Share, for Second Quarter (PR Newswire via Yahoo! Finance)
BNCCORP, Inc. , which operates community banking and wealth management businesses in Arizona, Minnesota and North Dakota, and has mortgage banking offices in Iowa, Kansas and Missouri, today reported financial results for the second quarter and six months ended June 30, 2008.
2008-07-28 01:43:00 -
Gold Seeker Closing Report: Gold and Silver Gain Slightly As Financial Worries Worsen (GoldSeek.com)
Gold fell to $922.30 by midmorning in New York before it ran back higher to $933.00 by late morning, but it then fell back off into the close and ended with a gain of just 0.16%. Silver rose to $17.50 by midday in London before it dropped to $17.21 by late morning in New York , but it then rallied back higher in the last couple of hours of trade and ended with a gain of 0.69%.
2008-07-28 01:51:48 -
Government plan to relieve homeowners should save banks billions, butpain is far from over (Minneapolis-St. Paul Star Tribune)
NEW YORK - Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners — it's also expected to save the banks who issued the loans billions of dollars.
2008-07-28 01:57:02 -
La. banks want you to know your money is safe with them (The Daily Comet)
HOUMA - With a major mortgage lender's closure and other national banks rumored to be at risk, Louisiana bankers say they're getting questions about whether local institutions are affected or having the same problems.The overwhelming response is no.
2008-07-28 01:57:26