Mortgage and Financial News From 2008-2-1 Page 14

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• National slowdown has local ripples - PensacolaNewsJournal.com

  National slowdown has local ripplesPensacolaNewsJournal.com, FL - 3 hours agoThe theory is that a quick infusion of cash will help stave off a downturn brought about by the housing bust, subprime mortgage mess and credit crunch. ...
  2008-02-01 03:31:14

• Dinallo's Rescue Plan Focuses on Ambac, People Say (Update4) - Bloomberg

  Dinallo's Rescue Plan Focuses on Ambac, People Say (Update4)Bloomberg - 3 hours ago1 (Bloomberg) -- New York Insurance Superintendent Eric Dinallo is trying to organize a bank-led rescue of Ambac Financial Group Inc. to prevent downgrades ...
  2008-02-01 03:34:57

• Feb. 1, 2008 (Thomson Financial delivered by Newstex) -- - CNNMoney.com

  Feb. 1, 2008 (Thomson Financial delivered by Newstex) --CNNMoney.com - 3 hours agoBut the mix of economic news reminded investors of the continuing fallout from the housing and mortgage crisis. WASHINGTON (AP) -- In a shower of pink slips ...
  2008-02-01 03:36:50

• United Community Bancorp Reports Second Quarter Results - Business Wire (press release)

  United Community Bancorp Reports Second Quarter ResultsBusiness Wire (press release), CA - 3 hours agoInterest income on investment and mortgage-backed securities decreased by $122000, primarily due to the impact of a decrease in average balance from $58.8 ...
  2008-02-01 03:42:44

• Westsound Bank CEO to Resign - Kitsap Sun (Subscription)

  Westsound Bank CEO to ResignKitsap Sun (Subscription),  United States - 3 hours ago... to the secondary mortgage market and the bank became subject to an investigation by the Federal Deposit Insurance Corporation for possible loan fraud. ...
  2008-02-01 03:49:21

• McCain Is Not a Moderate - Huffington Post

  McCain Is Not a ModerateHuffington Post, NY - 2 hours agoHow did he vote on expanding Children's Health Insurance? He voted no - twice, in fact - in line with Bush and his party's leaders, even though 18 ...
  2008-02-01 04:07:23

• Candidates Make Rounds Before Next Week's Primaries - KXAN-TV

  Candidates Make Rounds Before Next Week's PrimariesKXAN-TV, TX - 2 hours ago"Not only is it good economic sense to extend unemployment insurance, because it gets money into the pockets of, uh, workers who need it, but it also allows ...
  2008-02-01 04:09:11

• Unemployment Insurance Needed - Canon City Daily Record

  Unemployment Insurance NeededCanon City Daily Record,  United States - 2 hours agoLooking back on the experiences of long-term unemployment insurance recipients during the recession of 2001, for example, the CBO found that average family ...
  2008-02-01 04:31:35

• Massachusetts Accuses Merrill of Fraud - New York Times

  Massachusetts Accuses Merrill of FraudNew York Times, United States - 2 hours agoIn recent years, as home prices soared and mortgage lending boomed, investment banks packaged hundreds of billions of dollars of home loans into securities ...
  2008-02-01 04:47:59

• 8 Banks Discuss Aid for Bond Insurer - New York Times

  8 Banks Discuss Aid for Bond InsurerNew York Times, United States - 1 hour ago... Guaranty Insurance Company, which have been hit hard by declining values in mortgage securities they insured, but are moving one company at a time. ...
  2008-02-01 05:21:08

• Stakes in the ratings game are being rapidly raised - Financial Times

  Stakes in the ratings game are being rapidly raisedFinancial Times, UK - 42 minutes agoLosses related to risky subprime mortgage securities may be greater than expected. You have viewed your allowance of free articles. ...
  2008-02-01 06:17:17

• Home makeover went to rewarding extremes - SmallTownPapers News Service

  Home makeover went to rewarding extremesSmallTownPapers News Service, WA - 39 minutes ago... paying a mortgage on the new house. The house was built to incredibly high Energy Star standards and insurers donated insurance plans for the house. ...
  2008-02-01 06:20:11

• 8 Banks in Talks to Rescue Bond Insurer (NYTimes.com via Yahoo! Finance)

  The banks, which include Citigroup and UBS, are considering injecting capital into Ambac and assuming some of the risks associated with guarantees written by the company.
  2008-02-01 05:40:02

• Dow, other indexes rise despite lost jobs (Connecticut Post)

  NEW YORK — Wall Street capped a week of huge gains with a sizable advance Friday after investors set aside some anxiety over news that the economy lost jobs last month and
  2008-02-01 06:00:39

• THE MARKET: Stocks post moderate gains following flurry of economic readings, Microsoft's bid for Yahoo (The Journal-Standard)

  NEW YORK (AP) - Stocks gave up a sharp early advance to trade moderately higher Friday after a quick succession of seemingly contradictory signals about the economy left investors leery of making any big bets.
  2008-02-01 06:30:25

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