Mortgage and Financial News From 2008-2-10 Page 13

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  • Fears of more sub-prime losses at German bank IKB

    Earthtimes - IKB has been Germany's biggest victim of the crisis in the US mortgage-loans market. The newspaper said the new exposure was to IKB's own accounts, not a portfolio of troubled securities it has already spun off, and were too much for the federal ...
    2008-02-10 11:06:00
  • Investec mortgages target City elite

    Financial Times - A private bank is shrugging off the impact of the credit squeeze to offer jumbo mortgage loans of £500,000 or more to affluent workers in the City. The move by Investec Private Bank, which deals with wealthy customers, comes at a time when banks ...
    2008-02-10 03:09:00
  • German banks may not be able to re-sell mortgages - Malaysia Sun

    German banks may not be able to re-sell mortgagesMalaysia Sun, Malaysia - 2 hours agoGermany’s conservative Christian Social Union is contemplating legislation that would require banks to offer more transparency in the resale of loans to ...
    2008-02-10 04:03:32
  • World could see US$400 billion in subprime losses - Malaysia Sun

    World could see US$400 billion in subprime lossesMalaysia Sun, Malaysia - 2 hours agoHe said banks should provide full disclosure of losses from loans, including write-offs related to US credit card financing and car loans. ...
    2008-02-10 04:14:02
  • Credit Suisse Topples UBS as CEO Dougan Dodges `Suprime Bullet' - Bloomberg

    Credit Suisse Topples UBS as CEO Dougan Dodges `Suprime Bullet'Bloomberg - 1 hour ago... 44 million-euro ($64 million) markdown on leveraged loans. Managers at Credit Suisse's SPS mortgage-servicing unit alerted the executive board more than ...
    2008-02-10 04:30:30
  • The case for a US fiscal stimulus - Malaysia Star

    The case for a US fiscal stimulusMalaysia Star, Malaysia - 1 hour agoBanks are also still holding on to their balance sheets of more than US$230bil of high-risk loans and bonds needed to finance buyout deals struck in the ...
    2008-02-10 04:53:32
  • National Australia Bank acquires RHG mortgages at net asset value - The Asian Banker (subscription)

    National Australia Bank acquires RHG mortgages at net asset valueThe Asian Banker (subscription), Singapore - 1 hour agoCapital requirements are expected to be identical to those related to NAB's existing mortgage portfolio. The performance of the residential mortgage ...
    2008-02-10 05:15:18
  • NO BUBBLE YET - Bangkok Post

    NO BUBBLE YETBangkok Post, Thailand - 1 hour ago''If you look at mortgage loan growth there was almost no growth in the total value of new residential loans and that has been the situation since 2004,'' ...
    2008-02-10 05:20:37
  • In real estate, there's no room for assumptions - Howard University The District Chronicles (subscription)

    In real estate, there's no room for assumptionsHoward University The District Chronicles (subscription), DC - 56 minutes agoAcquiring property by assuming someone's loan or taking the property "subject to" the existing mortgage is also not a good move. When you assume someone's ...
    2008-02-10 05:32:04
  • Home buyers boost borrowing in December - NEWS.com.au

    Home buyers boost borrowing in DecemberNEWS.com.au, Australia - 37 minutes agoThe number of home loans granted in the month edged up 0.1 per cent, against a 3.3 per cent rise in November. Economists had predicted a 1 per cent fall in ...
    2008-02-10 05:50:43
  • Congress Passes $168 Billion Stimulus Package - Money Morning

    Congress Passes $168 Billion Stimulus PackageMoney Morning - 36 minutes agoIn addition to rebates and business incentives, the bill will increase the size of mortgage loans that government-backed finance companies Fannie Mae (FNM) ...
    2008-02-10 05:51:53
  • UK banks make debt provision to reassure markets - Telegraph.co.uk

    UK banks make debt provision to reassure marketsTelegraph.co.uk, United Kingdom - 30 minutes agoAccording to Credit Suisse: "With residential mortgage loans, banks have little in the way of provisions to buffer a sharp downturn. ...
    2008-02-10 05:58:20
  • Put macro-economic rules under the microscope - Telegraph.co.uk

    Put macro-economic rules under the microscopeTelegraph.co.uk, United Kingdom - 23 minutes agoThe extra liability was matched by a corresponding asset, namely Northern Rock's mortgage book, so that even if the bank were formally nationalised, ...
    2008-02-10 06:04:54
  • Investec mortgages target City elite - Financial Times

    Investec mortgages target City eliteFinancial Times, UK - 9 minutes agoBy Jane Croft A private bank is shrugging off the impact of the credit squeeze to offer jumbo mortgage loans of £500000 or more to affluent workers in the ...
    2008-02-10 06:18:35
  • Up Next (CBS News)

    What's coming up next on 60 Minutes .
    2008-02-10 04:30:03