Mortgage and Financial News From 2008-6-16 Page 4
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Radian Comments on Standard & Poor's Rating Action - MSN MoneyCentral
PHILADELPHIA, June 16 /PRNewswire-FirstCall/ -- Radian Group Inc. RDN commented today on the action taken by Standard & Poor's Rating Services (S&P). S&P lowered its financial strength rating to 'A' on Radian's financial guaranty business, including ...
2008-06-16 02:36:00 -
Six-year wait for social housing, families warned - Daily Telegraph
People who find themselves homeless because they cannot keep up mortgage repayments amid the deepening credit crisis will have to wait for more than six years before they are permanently rehoused in a two-bedroom property, council leaders were warned ...
2008-06-16 04:52:00 -
Lenders Agree to Plan to Stem Foreclosures - Wall Street Journal
WASHINGTON -- Top mortgage lenders and servicers have agreed to speed up their efforts to help struggling homeowners, after coming under pressure from U.S. lawmakers and regulators. The agreement among companies in the Hope Now coalition says for the ...
2008-06-16 05:20:00 -
Oil hits new record, then reverses on worries - Crude oil futures swung wildly on Monday, rising to a record and then ... (The San Francisco Examiner)
AMA issues first report card on health insurers 1 hr 18 mins ago - Some health insurance companies rate doctors on their performance. Now doctors are turning the tables.
2008-06-16 04:34:41 -
Hampden County registrar expects foreclosures to break 10-year record (The Republican)
SPRINGFIELD - Hampden County Register of Deeds Donald E. Ashe said mortgage foreclosures in the county are on a pace to break a 10-year-old record.
2008-06-16 04:48:18 -
Building of new homes at its slowest since 1945 (Independent)
The number of new homes built in 2008 will be the lowest in any year since the end of the Second World War, the construction industry said yesterday, in the latest serious blow to Government housing targets.
2008-06-16 05:20:14 -
U.K. Antitrust Watchdog Investigates Scottish Property Managers (Bloomberg.com)
June 17 (Bloomberg) -- Managers of apartment blocks in Scotland became the third segment of the U.K. real-estate market to be probed by the nation's antitrust regulator in the last five months.
2008-06-16 05:21:59 -
'Six year wait for social housing' (Channel 4)
Families who have their home repossessed face a six-year wait for social housing, council leaders were warned.
2008-06-16 05:26:58 -
Lenders pledge quick loan help (Contra Costa Times)
n Critics say problem with programs is that they are voluntary for firms
2008-06-16 05:30:27 -
Willumstad Says `No Sacred Cows' in Review of AIG (Update4) (Bloomberg.com)
June 16 (Bloomberg) -- Robert Willumstad , American International Group Inc.'s new chief executive officer, said ``there will be no sacred cows'' in his companywide review of the world's biggest insurer.
2008-06-16 05:34:32 -
Barclays Considering Share Issue (NYTimes.com via Yahoo! Finance)
Shares of the British bank soared 11 percent on Monday after the lender said it was considering a plan to sell new shares.
2008-06-16 05:37:00 -
It's as bad as the 70s: Food prices up 20 per cent in a year as oil crisis and credit crunch bite (Evening Standard)
The nation is suffering a 'payment shock' caused by the fastest increase in the cost of food and fuel since the 1970s, it can be revealed. Over the past year, the cost of a shopping basket of essentials has increased by 19.8 per cent.
2008-06-16 05:37:56 -
Fitch Confirms Hospital Sisters Services, Inc. - Obligated Group ... - Forbes
Effective June 17, 2008, Fitch Ratings will confirm the 'AAA' long-term rating and assign an 'F1+' short-term rating to $65,550,000 Illinois Finance Authority, revenue bonds, (Hospital Sisters Services, Inc. - Obligated Group), series 2003A. The ...
2008-06-16 10:32:00 -
Bonds Move Negative as Stocks Push Higher - CNBC
Most U.S. Treasurys prices slipped into the minus column Monday as stocks cut their losses and the S&P 500 index turned higher, led by a sharp rebound in Lehman Brothers shares. "The move in stocks was a significant aspect" for bonds' move down, said ...
2008-06-16 11:44:00 -
Rise in eurozone interest rates looks almost a certainty - Herald
A rise in benchmark eurozone interest rates next month looked ever more likely yesterday when official annual inflation in the 15-nation bloc in May was revised up unexpectedly from 3.6% to a fresh record of 3.7%. Benchmark annual UK consumer prices ...
2008-06-16 12:48:00