Mortgage and Financial News From 2008-5-21 Page 01

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  • Daily Briefing - Atlanta Journal Constitution

    Volkswagen AG said Wednesday that deliveries for its flagship brand were up more than 10 percent in April to a record level. The German company said it delivered 1.25 million cars in the first four months of 2008, an increase of nearly 9 percent from ...
    2008-05-21 10:16:00

  • New Zealanders get personal tax cuts in annual budget, biggest in 20 ... - International Herald Tribune

    WELLINGTON, New Zealand : New Zealand taxpayers are to see their biggest personal tax cuts in 20 years in the annual budget as the Labour-led government battles to reverse sagging voter support ahead of a general election due by mid-November. Finance ...
    2008-05-21 10:38:00

  • Angry pensioners voice budget woes (Queensland Times)

    National Seniors Association member Vera Somerwil is disappointed with the Government s support for pensioners. By Megan Genrich Eating one meal a day, reversing mortgages and becoming isolated as it costs too much to simply leave the house.
    2008-05-21 07:07:14

  • UBS does a sideways shuffle - Guardian Unlimited

    Just as the banks tell us the credit crunch is easing, along comes another shocker from UBS, the Swiss bank whose once-proud reputation for prudence has just been shredded. The surprise is not that UBS is selling US mortgage assets with a face value ...
    2008-05-21 07:31:00

  • Business news in brief - Philadelphia Inquirer

    Sovereign Bancorp Inc., Philadelphia, has raised $1.9 billion in stock and debt so it can "handle any further deterioration in the economy," said chief executive officer Joseph P. Campanelli, who is based in Boston. Sovereign issued 179.7 million ...
    2008-05-21 05:44:00

  • Moody's Faces Scrutiny of Computer Error, Possible `Cover-Up' - Bloomberg

    May 22 (Bloomberg) -- Moody's Corp. , owner of the second- largest credit-rating company, faces increased government scrutiny after starting an internal probe into whether a computer error gave top rankings to securities that didn't deserve them ...
    2008-05-21 09:12:00

  • BoI warns of slowdown despite 6% rise in profits (Irish Examiner)

    SLOWER growth will hit earnings at Bank of Ireland in the current year, the bank said yesterday.
    2008-05-21 05:15:50

  • Relief, and red ink, at Bank Hapoalim (Haaretz Daily)

    Finally they can smile again at Bank Hapoalim. The uncertainty is over.
    2008-05-21 05:15:55

  • Lyon County Second Highest Foreclosure Rate in Nevada (KTVN Reno)

    Lyon County is second in the state when it comes to foreclosures. According to the Lyon County Assessor in 2006, 16 homes in Fernley filed for foreclosure. So far this year, 94 homes filed.
    2008-05-21 06:04:17

  • COMMENTARY: Realtors, learn about foreclosures (San Jose Mercury News)

    Although it is fortunate the Silicon Valley region has not been hard hit with foreclosures in comparison to the rest of the state, a California real estate and tax attorney believes foreclosures will be with us for some time.
    2008-05-21 06:39:16

  • Couple Killed When Car Plunges into River (KKTV 11 Colorado Springs)

    Two people are killed when their car plunged into the Arkansas River.
    2008-05-21 07:10:19

  • Stocks fall on $134 oil, Fed meeting minutes (Pittsburgh Post-Gazette)

    Wall Street pitched lower for the second straight session yesterday.
    2008-05-21 09:28:47

  • Rescue Plan for Student Loan Companies Detailed - Washington Post

    The government yesterday outlined a financial rescue plan for student loan companies, offering to buy federally subsidized loans that lenders such as industry giant Sallie Mae said had become unprofitable. The action is intended to protect lenders ...
    2008-05-21 08:43:00

  • Fitch Takes Various Actions on 3 Goldman Sachs Alt-A Transactions - Forbes

    The rating actions taken today reflect Fitch's analysis of expected default and loss from delinquent loans, in addition to projected losses from the currently performing pool. Fitch generates its expectations using its ResiLogic default and loss ...
    2008-05-21 01:41:00

  • America's Most Villainous CEO Finds The Little People 'Disgusting' - Gawker

    Angelo Mozilo is the CEO of disastrous mortgage lender Countrywide, and one of the most overpaid, reviled, and villainous business executives in America today. He's drawn huge salaries even as his company led to the way for the subprime mortgage ...
    2008-05-21 07:28:00

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