Mortgage and Financial News From 2008-1-25 Page 67

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  • Freddie Mac Monthly Volume Summary: December 2007 - Earthtimes

    Freddie Mac Monthly Volume Summary: December 2007Earthtimes, UK - 19 hours agoMethodologies employed to calculate interest-rate risk sensitivity disclosures are periodically changed on a prospective basis to reflect improvements in ...
    2008-01-24 05:37:40

  • The South Financial Group Reports Fourth Quarter and Full-Year 2007 Earnings (Business Wire via Yahoo! Finance)

    GREENVILLE, S.C.----The South Financial Group, Inc. today reported fourth quarter 2007 net income of $9.0 million, or $0.12 per diluted share, compared with net income of $23.6 million, or $0.31 per diluted share, for fourth quarter 2006.
    2008-01-24 02:12:00

  • The South Financial Group Reports Fourth Quarter and Full-Year 2007 Earnings (Centre Daily Times)

    The South Financial Group, Inc. (NASDAQ: TSFG) today reported fourth quarter 2007 net income of $9.0 million, or $0.12 per diluted share, compared with net income of $23.6 million, or $0.31 per diluted share, for fourth quarter 2006. As previously-announced, the fourth quarter 2007 provision for credit losses increased to $31.9 million, primarily due to weakening credit expectations and a $7.9 ...
    2008-01-24 02:44:01

  • Paul Hastings Leapfrogs Pack With Pay Hike for Atlanta Associates (Law.com)

    Paul, Hastings, Janofsky & Walker told its Atlanta associates Wednesday that it will raise compensation considerably above current market rates. As of Feb. 1, first-year associates will be paid $160,000, a $15,000 increase over the figure most big Atlanta firms began paying their first-years on Jan. 1. The firm's decision comes as local in-house counsel are expressing concern over higher rates ...
    2008-01-24 09:14:32

  • Paul Hastings Leapfrogs Pack With Pay Hike for Atlanta Associates (Law.com via Yahoo! Finance)

    Paul, Hastings, Janofsky & Walker told its Atlanta associates Wednesday that it will raise compensation considerably above current market rates. As of Feb. 1, first-year associates will be paid $160,000, a $15,000 increase over the figure most big Atlanta firms began paying their first-years on Jan. 1.
    2008-01-25 12:02:12

  • Dramatic US Rate Cut

    Sky.com - In the middle of last year's first wave of sub-prime shocks, I had a beef at Fed interest rate policy, suggesting that the US central bankers were being unduly influenced by big Wall Street banks. Maybe that was a bit harsh. Some of the subsequent ...
    2008-01-21 03:54:00

  • Recovery on Wall Street continues

    BBC Business - ... the day down 2.3% in volatile trading, with the index reversing early gains on news of a large writedown of sub-prime ... On Tuesday, the US Federal Reserve made its biggest rate cut for 25 years - slashing its main interest rate to 3.5% from 4.25 ...
    2008-01-24 11:47:00

  • News Minute: Stimulus deal...White House opens wiretapping documents ...

    WDAM-TV - WASHINGTON (AP) - Congressional leaders from both parties have agreed on a stimulus plan to jump-start the economy. The deal would give many taxpayers refunds of $600 to $1,200, and more if they have children. Congressional aides hope the checks can ...
    2008-01-24 08:05:00

  • Market loses cool on subprime fears, FM remarks

    Economic Times - He said this in the backdrop of the latest interest rate cut in the US, which has raised expectations of increased flows into emerging markets like India. Bombay Stock Exchange's 30-share Sensex settled at 17,221.74, down 372.33 points or 2.12 ...
    2008-01-24 09:17:00

  • Markets stay in the black

    News.com.au - THE sub-prime crisis has combined with a huge fraud to drive France's second biggest bank to lose 7 billion and forced it ... of investment markets research at Colonial First State, said that while the US Federal Reserve's 75 basis point interest rate cut ...
    2008-01-24 11:26:00

  • Economic Chamber calls for lower interest rates

    Wiener Zeitung - The ECB's prime interest rate has been 4.0 per cent since early last year. The US prime rate had over 5.0 per cent for most of 2007 before the Federal Reserve began to lower it after the sub-prime mortgage crisis came to light. The US agency lowered ...
    2008-01-24 06:04:00

  • FOCUS BoE seen resisting pressure for dramatic UK rate cuts

    Forbes - He pointed to the fact that in the US the sub-prime crisis has affected the housing market more widely. There, they have ... The US Federal Reserve on Tuesday implemented an emergency interest rate cut of 75 basis points and many expect them to follow ...
    2008-01-24 08:20:00

  • Despite Fed Rate Cut, Loans Are Harder to Get

    US News and World Report - Despite Fed Rate Cut, Loans Are Harder to Get ... earnings call Wednesday underscored the fact that just because the Fed cut interest ... Even for prime borrowers—those deemed low-risk—the standards have risen. On ...
    2008-01-24 09:46:00

  • WRAPUP 2-ECB policymakers reject rate cut talk

    Forbes - WRAPUP 2-ECB policymakers reject rate cut talk 01.24.08, 1:38 PM ET (Adds ECB's ... Jan 24 (Reuters) - European Central Bank policymakers rejected talk of lower interest ... Earlier French Prime Minister Francois Fillon implied the ECB might take similar ...
    2008-01-24 10:43:00

  • WA gov touts sturdy state economy, promotes homebuying - The Columbian

    WA gov touts sturdy state economy, promotes homebuyingThe Columbian, WA - 1 hour agoThe decision by the Federal Reserve Board to lower the prime interest rate and the possibility of another downtick could revitalize home sales and economic ...
    2008-01-24 10:49:57

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