Mortgage and Financial News From 2008-2-10 Page 14

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  • Credit Suisse Topples UBS as CEO Dougan Dodges `Suprime Bullet' (Bloomberg.com)

    Feb. 11 (Bloomberg) -- Credit Suisse Group is earning more than UBS AG for the first time in almost a decade after Chief Executive Officer Brady Dougan avoided the writedowns that forced his rival to report the biggest-ever quarterly loss by a bank.
    2008-02-10 04:47:18
  • NO BUBBLE YET (Bangkok Post)

    Thailand is facing a very limited impact from the sub-prime mess in the United States, mainly because Thai banks are still haunted by the ghosts of 1997 and have been very conservative in their lending to the real estate sector, says James Pitchon, the executive director of CB Richard Ellis.
    2008-02-10 05:27:31
  • UK banks make debt provision to reassure markets (Daily Telegraph)

    As the City awaits the industry's results, banks are recapitalising as fast as they write down sub-prime loans, writes Philip Aldrick
    2008-02-10 06:05:44
  • 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.
    2008-02-10 06:22:41
  • Mortgage rates down once again

    Knoxville News Sentinel - ... the lowest level since October 2001, right after the terrorist attacks. "Economic news released in the past week showed that the economy continues to be weak," said Frank Nothaft, chief economist for Freddie Mac. Another factor pushing mortgage rates ...
    2008-02-08 06:18:00
  • Derek Raymaker

    Globe and Mail - At just under 21,550, new low-rise sales were at their lowest level ever, and ... high-rise sales, such as buyers taking advantage of record low interest rates, and ... average of $515,325 in 2007, according to data released this week by Canada Mortgage ...
    2008-02-07 03:56:00
  • HBoS issues alert despite profit boost

    Edinburgh News - The bank’s profitability was helped by Britain’s housing boom, which has been fuelled by the lowest interest rates for more than 40 years. HBoS’ overall net mortgage lending rose to £23bn, from £17bn last time. At IF, net mortgage lending ...
    2008-02-08 03:54:00
  • Australian December Home-Loan Approvals Rise on Jobs, Demand

    Bloomberg - ... A$1 trillion ($900 billion) economy is weathering higher interest rates and ... bank's adjustment and Commonwealth Bank of Australia, the nation's largest mortgage ... Housing affordability dropped to the lowest level on record in the third quarter ...
    2008-02-09 03:53:00
  • The 2008 outlook: global slowdown, job losses and falling house prices

    Guardian Unlimited - ... picture emerges from studies that show business confidence has fallen to its lowest ... The Bank of England cut interest rates last week for the second time in three ... the government has been warned that falling house prices and a shortage of mortgage ...
    2008-02-10 03:09:00
  • Editorial: Tax shapes as defining poll issue - New Zealand Herald

    Editorial: Tax shapes as defining poll issueNew Zealand Herald, New Zealand - 9 hours agoIn that case, the Reserve Bank would raise interest rates, and the benefit of the cut would vanish in a cloud of higher prices and mortgage payments. ...
    2008-02-10 08:48:19
  • 2008 – the year of the house price crash? - InTheNews.co.uk

    2008 – the year of the house price crash?InTheNews.co.uk, UK - 1 hour agoMartin Gahbauer, the building society's senior economist, revealed annual house price inflation had fallen to its lowest level for more than two years – 4.2 ...
    2008-02-10 04:13:20
  • From The Martian Desk - Swans

    From The Martian DeskSwans, CA - 1 hour agoThe Fed had raised the inter-banks interest rate; the mortgage teaser rates began to be replaced by the much higher, at times predatory, interest rates; ...
    2008-02-10 04:28:14
  • Property vs shares - where to invest? - NEWS.com.au

    Property vs shares - where to invest?NEWS.com.au, Australia - 1 hour agoMr Pabst said typically people who owned property in new estates in the outer fringes were at greater risk of mortgage stress. Rising interest rates could ...
    2008-02-10 04:29:41
  • Australian December Home-Loan Approvals Rise on Jobs, Demand - Bloomberg

    Australian December Home-Loan Approvals Rise on Jobs, DemandBloomberg - 1 hour agoIncreased lending adds to evidence Australia's A$1 trillion ($900 billion) economy is weathering higher interest rates and concern that faltering growth in ...
    2008-02-10 04:52:28
  • AP Poll: To Fix Economy, Get Out Of Iraq (CBS News)

    Never mind Washington's $168 billion economic stimulus bill; according to an Associated Press-Ipsos poll, the way to get the country out of recession (and most people think we're in one) is to get the country out of Iraq.
    2008-02-10 12:30:03