Archive for January, 2008
« Previous EntriesSenate Looks To Change Stimulus Package
Thursday, January 31st, 2008The bipartisan support that sped an economic stimulus plan through the House could come to an end in the Senate.
FBI: 2008 Could Be Record Year for Suspicious Activity Reports
Thursday, January 31st, 2008FBI: 2008 Could Be Record Year for Suspicious Activity Reports
Financial institutions filed a record 15,000 suspicious activity reports (including instances of mortgage fraud) with the Federal Bureau of Investigation in the first fiscal quarter of this year. If the pace keeps up, more than 60,000 SARs will be filed, outstripping 2007, when 46,717 reports hit […]
Mortgage Bond Insurer’s Downgrades
Thursday, January 31st, 2008MBIA posted its biggest ever quarterly loss and said it is considering new ways to raise capital.
Watching the Mortgage Bond Insurer’s Downgrades has been like watching a steam roller run you over.
Super Bowl Ads Prove Worth It For Stock Jump
Thursday, January 31st, 2008According to a new study, a likable Super Bowl commercial can boost a company’s stock price.
Subprime Mortgage and CDO Bank Losses May Top $265 Billion
Thursday, January 31st, 2008We have seen $90 billion of writedowns to date. Standard and Poor’s is saying that you can super size that order. Writedowns total losses are expected to be $265 billion or more.
So far, Wall Street has been shouldering the brunt of the losses. S&P says the next losses will affect smaller financial institutions including […]
Tiny Errors Can Wreak Havoc On Your Credit
Thursday, January 31st, 2008There are many things people do that can tarnish or destroy their credit.
Federal Open Market Committee Lowers Federal Funds Rate 50 basis Points to 3 Percent
Wednesday, January 30th, 2008The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent.
Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets.
The […]
Increasing Conforming Loan Limits?
Friday, January 25th, 2008Congress was rumored last week to increase conforming loan limits, what is the chance that we will see an increased somewhat?
The president and Secretary Paulson have made it very clear that really want that to happen with various [tag-cat]Government Sponsored Enterprise[/tag-cat] reform in place.
Would that be good for the credit market? Some people think […]
This Day In America January 25
Friday, January 25th, 2008On Today’s date in 1947, American gangster Al Capone died in Miami Beach, Florida, at age 48.
On Today’s date in 1959, American Airlines began jet flights between New York and Los Angeles on the Boeing 707.
On Today’s date in 1961, President John F. Kennedy held the first presidential news conference carried live on radio and […]
Sales Of Previously Owned Homes Dip
Thursday, January 24th, 2008The National Association of Realtors said median home prices dropped over the course of the year for the first time in decades.
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