Mortgage and Financial News From 2008-2-6 Page 62

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  • Virgin warns 1000 Rock jobs at risk (The Herald)

    Virgin warned today that job losses are likely at Northern Rock if it wins control of the stricken bank. The BBC reported that as many as 1,000 posts could be cut from the estimated 6,250-strong workforce as Virgin bosses work to repay around £24 billion in Government loans within three years.
    2008-02-06 05:02:10

  • Mortgage applications rose 3% last week: MBA (Market Watch)

    Applications for mortgages rose a seasonally adjusted 3% last week compared with the previous week, reflecting a pick-up in filings in applications for loans to buy homes, the Mortgage Bankers Association reported on Wednesday. Interest rates on fixed-rate loans increased last week, while the average rate for one-year adjustable-rate mortgages dropped, according to MBA's weekly survey. ...
    2008-02-06 05:05:45

  • Urban renewal on "to do" list of next U.S. leader (Reuters via Yahoo! UK & Ireland News)

    No matter who wins the U.S. presidential election in November, their "to do" list will probably include urban renewal.
    2008-02-06 05:21:00

  • 1st Pacific Bancorp Reports 2007 Profits of $2.5 Million, or $0.52 Per Share (PrimeNewswire via Yahoo! Finance)

    SAN DIEGO, Feb. 6, 2008 -- 1st Pacific Bancorp , the holding company for 1st Pacific Bank of California, today reported profits in 2007 that reflect its acquisition of Landmark National Bank and the costs associated with establishing a broader operational platform to support future growth.
    2008-02-06 05:30:00

  • EvergreenBancorp Earns $2.7 Million or $1.13 Per Diluted Share Before Non-Cash Charge in 2007 (PrimeNewswire via Yahoo! Finance)

    SEATTLE, Feb. 6, 2008 -- EvergreenBancorp, Inc. , the holding company for EvergreenBank, today announced that following a fourth-quarter net after-tax charge totaling $1.4 million, or $0.59 per share, it earned $1.3 million, or $0.53 per diluted share in 2007, and lost $929,000, or $0.39 per basic share, in the fourth quarter.
    2008-02-06 05:30:00

  • IAC Reports Q4 Results (The San Francisco Examiner)

    NEW YORK, Feb. 6 /PRNewswire-FirstCall/ -- IAC (Nasdaq: IACI ) released fourth quarter 2007 results today.
    2008-02-06 05:30:12

  • Guaranty Financial Group Inc. Reports Fourth Quarter and Year 2007 Results (Business Wire via Yahoo! Finance)

    AUSTIN, Texas----Year 2007 Report: Reported net income of $78 million for 2007, or $2.20 diluted earnings per share. Spin-off from Temple-Inland successfully completed as of December 28, 2007 and shares of Guaranty began trading regular way on the New York Stock Exchange on December 31, 2007.
    2008-02-06 05:36:00

  • Europe stabilises after Asian stocks lunge (Reuters via Yahoo! UK & Ireland News)

    Stock market losses deepened in Asia on Wednesday on pervasive global economic gloom and fears of a U.S. recession but European bourses stabilised ahead of two key central bank decisions this week.
    2008-02-06 05:41:00

  • Tanner in swipe at bank's rate rise (The Age)

    Borrowers urged to consider moving their home loans from the Commonwealth Bank.
    2008-02-06 05:58:54

  • Europe Day Ahead: FTSE 100, DAX, CAC Will Decline, Cantor Says

    Bloomberg - ... profit goal for 2008 even after missing the worst of the U.S. subprime mortgage crash ... The yield was 1.837 percent on Jan. 23, the lowest since April 2004. ... in New York on speculation U.S. stockpiles increased as refinery operating rates ...
    2008-02-05 10:10:00

  • Bank in talks over interest rates

    MSN UK News - ... rate setters are meeting to begin their two-day deliberations on interest rates as ... had also risen sharply, as growth in the sector meanwhile slowed to its lowest ... Property price data from mortgage giant Halifax further reinforced views that the MPC ...
    2008-02-04 03:59:00

  • U.S. economic woes point to wider recession

    Globe and Mail - It was the steepest drop since the index was launched and the lowest reading since ... the ISM report should help "keep the pressure" on the Fed to keep cutting rates in ... the problem soon spread to the banks and brokers that invested heavily in mortgage ...
    2008-02-06 01:09:00

  • Stock slide deepens on pervasive economic gloom

    International Herald Tribune - Few expect the European Central Bank to lower interest rates at its policy meeting ... The impact of subprime (mortgage) problems is spreading into the broader U.S. economy ... Gold bounced after falling to its lowest level in almost two weeks on Tuesday, with ...
    2008-02-06 02:06:00

  • Cincinnati Financial Reports Fourth-quarter and Full-year 2007 Results

    MSN MoneyCentral - ... premiums. -- Profitability improved from prior year periods because of lowest ... We continue to refine our rates, building on the changes we made in mid-2006 to ... Events, such as the sub-prime mortgage lending crisis, that lead to a ...
    2008-02-06 04:30:00

  • Yen Rises to Two-Week High Against Euro After Stocks Decline

    Bloomberg - ... dollar and the yen, as Bank of England policy makers met to discuss interest rates ... The currency fell 0.6 percent to 208.56 yen, near the lowest in two weeks, and 0.3 ... said it was updating its assumptions for higher losses on U.S. subprime- mortgage ...
    2008-02-06 04:15:00

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