Mortgage and Financial News From 2008-1-24 Page 57

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  • French bank SocGen says hit by $7.1 billion fraud (MSN Money Canada)

    PARIS (Reuters) - French bank Societe Generale (SOGN.PA) said fraud by a single trader had caused it a 4.9 billion euro ($7.1 billion) loss and that it would seek emergency funds as a result, shocking battered markets.
    2008-01-24 08:41:32

  • Stocks Fluctuate After Rally (AP via Yahoo! Finance)

    Wall Street fluctuated Thursday as investors absorbed more bad news about bond insurers but also received economic data that suggested the job market remains largely undented.
    2008-01-24 08:42:08

  • European, Asian Markets Rise (AP via Yahoo! Finance)

    European markets surged Thursday as a stunning comeback on Wall Street a day earlier heartened investors worried about the U.S. economic outlook.
    2008-01-24 08:44:25

  • Real Estate Rip-Off (Forbes)

    How Lehman Brothers got swindled.
    2008-01-24 08:46:57

  • Rogue Trader Costs Bank Billions (Forbes)

    Societe Generale unveils an employee's $7.2 billion fraud, and a $3 billion subprime write-down.
    2008-01-24 08:47:17

  • GOP county judge candidates favor smoking ban

    Houston Chronicle - In the Democratic primary, voters will choose between by real estate investor David Mincberg and mortgage broker Ahmad Hassan. Reached by phone, Mincberg said he would urge a majority of the four commissioners to join him in seeking legislative ...
    2008-01-22 03:53:00

  • Income governs the taps in Australia

    Earthtimes - It's not something that would worry the blue-chip suburb of Woollahra. John Symond, a mortgage broker who has a 12-bathroom monster-mansion on Wolseley Road with its own grass tennis courts, has proposed that big users be allowed to built their own ...
    2008-01-23 07:05:00

  • Dorchester woman's eviction postponed after protest

    Boston Globe - Melonie Griffiths-Evans defaulted on a mortgage loan arranged by a broker who has since been barred from working in Massachusetts. Facing a 9 a.m. eviction, Griffiths-Evans had refused to pack, saying that God was on her side. The company that ordered ...
    2008-01-23 02:33:00

  • Bleak Economy Has Upside for Homeowners - ABC News

    Bleak Economy Has Upside for HomeownersABC News - 4 hours agoSpears, the president of Prodigy Mortgage Corp., local broker in Nyack, NY, said that the number of homeowners asking to refinance with his firm are up 30 ...
    2008-01-24 04:04:04

  • Wall St. sends Europe stocks surging - CNN International

    Wall St. sends Europe stocks surgingCNN International - 3 hours agoA broker reacts as he sits at his desk on the trading floor at Charles Stanley in London. Markets in Britain, Germany, and France followed most Asian ...
    2008-01-24 04:49:42

  • Statewide Median Price Off a Fraction for the Year - PR Newswire (press release)

    Statewide Median Price Off a Fraction for the YearPR Newswire (press release), NY - 3 hours ago"The biggest challenge in 2007 was declining sales volume due to several factors including tightening of mortgage qualifications from the subprime market ...
    2008-01-24 05:03:24

  • UK Stocks Rise, Led by HBOS, Prudential, Rio Tinto, Vodafone - Bloomberg

    UK Stocks Rise, Led by HBOS, Prudential, Rio Tinto, VodafoneBloomberg - 3 hours agoThe world's largest broker of transactions between banks said full-year pretax profit will exceed analysts' forecasts after increased market volatility led ...
    2008-01-24 05:08:03

  • Valley National Bancorp Reports Sound Credit Quality in ... - PR Newswire (press release)

    Valley National Bancorp Reports Sound Credit Quality in ...PR Newswire (press release), NY - 3 hours agoValley recorded a goodwill impairment charge of $1.5 million after taxes due to its decision to sell its wholly owned broker-dealer subsidiary, ...
    2008-01-24 05:09:00

  • Valley National Bancorp Reports Sound Credit Quality in ... - CNNMoney.com

    Valley National Bancorp Reports Sound Credit Quality in ...CNNMoney.com - 3 hours agoValley recorded a goodwill impairment charge of $1.5 million after taxes due to its decision to sell its wholly owned broker-dealer subsidiary, ...
    2008-01-24 05:09:07

  • Monoline Insurance Bailout: Where's the Justice in That? - Seeking Alpha

    Monoline Insurance Bailout: Where's the Justice in That?Seeking Alpha, NY - 2 hours agoIndeed the facts are that the financial system has been hyper-leveraged with inflated value mortgage-back and derivative debt securities now not worth a 100 ...
    2008-01-24 05:36:42

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