Mortgage and Financial News From 2008-1-24 Page 58

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• Trackers with no early repayment charges are the order of the day - Easier (press release)

  Trackers with no early repayment charges are the order of the dayEasier (press release), UK - 2 hours agoResearch from the UK’s leading independent mortgage broker, John Charcol, has revealed that its top 3 mortgage products sold in January 2008 so far are all ...
  2008-01-24 06:05:03

• Lower Rates Trigger Bonanza For Lenders - ktla 5

  Lower Rates Trigger Bonanza For Lendersktla 5, CA - 2 hours agoHomeowners deluged mortgage brokers with calls Wednesday, hoping to take advantage of sharply lower interest rates to refinance into cheaper loans. ...
  2008-01-24 06:05:10

• Flexible mortgages boosted by rate cut rumours - ifaonline.co.uk

  Flexible mortgages boosted by rate cut rumoursifaonline.co.uk, UK - 2 hours agoThe mortgage broker says statistics show its three most popular mortgage products sold so far in January are all tracker rates with no early repayment ...
  2008-01-24 06:07:12

• Existing-Home Sales Down in December But 2007 Was Fifth Highest on ... - PR Newswire (press release)

  Existing-Home Sales Down in December But 2007 Was Fifth Highest on ...PR Newswire (press release), NY - 1 hour agoNAR President Richard Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said that raising the loan limit on conventional ...
  2008-01-24 07:04:09

• London afternoon: Blue chips in hot demand - ShareCast

  London afternoon: Blue chips in hot demandShareCast, UK - 1 hour agoInterdealer broker ICAP soared as it said trading since September 2007 has been strong and pre-tax profit before exceptionals for the year is likely to beat ...
  2008-01-24 07:19:29

• ICAP Sees Record Profit as Debt Turmoil Spurs Trading (Update6) - Bloomberg

  ICAP Sees Record Profit as Debt Turmoil Spurs Trading (Update6)Bloomberg - 49 minutes agoThe broker gained the most ever, jumping as much as 13.2 percent to 6.61 pounds. The collapse of the US subprime mortgage market that triggered $133 billion ...
  2008-01-24 07:38:36

• Northwestern Mutual Reports Record Dividend, Strong Financial Position - PR Newswire (press release)

  Northwestern Mutual Reports Record Dividend, Strong Financial PositionPR Newswire (press release), NY - 20 minutes agoNorthwestern Mutual's subsidiaries and affiliates are comprised of Northwestern Mutual Investment Services, LLC, a wholly-owned company, broker-dealer, ...
  2008-01-24 08:06:58

• SocGen's €5bn rogue trader named - Euro2day

  SocGen's €5bn rogue trader namedEuro2day, Greece - 17 minutes agoSociété Générale said on Thursday it had discovered €7bn ($10.26bn) of losses from a rogue trader in European stock futures and big US subprime mortgage ...
  2008-01-24 08:09:58

• Further redundancies rumoured for packager firms - Mortgage Solutions

  Further redundancies rumoured for packager firmsMortgage Solutions, UK - 12 minutes agoOptoma Broker Solutions also denied rumours it was letting staff go, despite industry speculation its external sales team and director of sales had been ...
  2008-01-24 08:14:55

• Statewide Median Price Off a Fraction for the Year (PR Newswire via Yahoo! News)

  Illinois Home Sales Slower in December
  2008-01-24 05:00:00

• U.K. Stocks Rise, Led by HBOS, Prudential, Rio Tinto, Vodafone (Bloomberg.com)

  Jan. 24 (Bloomberg) -- U.K. stocks advanced the most in almost five years. HBOS Plc and Prudential Plc led a rally in banks and insurance companies on a plan to rescue bond insurers and avoid more writedowns on credit-market losses.
  2008-01-24 05:21:16

• Homeowners Unable to Adjust To Adjustable Rate Mortgages (The Ellsworth American)

  ELLSWORTH — A local man finds himself burdened with an adjustable rate mortgage he can’t afford on a house he hasn’t been able to sell. Donald Greenwood of 50 Park St. describes his situation as “stressful.”
  2008-01-24 06:37:10

• Stocks resume advance (CNN Money)

  U.S. stocks continued climbing at the start of trading Thursday, following up on the prior session's late-day surge.
  2008-01-24 06:40:15

• London afternoon: Blue chips in hot demand (ShareCast)

  LONDON (SHARECAST) - Early gains on Wall Street are keeping London over 200 points higher, with financial plays racing ahead and only three blue chips nursing losses.
  2008-01-24 07:21:21

• Northwestern Mutual Reports Record Dividend, Strong Financial Position (PR Newswire via Yahoo! Finance)

  Northwestern Mutual today announced its financial results for 2007, highlighted by a record $5 billion in dividends approved for payment to participating policyowners in 2008.
  2008-01-24 08:00:00

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