Mortgage and Financial News From 2007-10-11 Page 19

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  • Nasdaq warns Neurobiological Technologies

    San Francisco Business Journal - NTI reports going concern qualification [East Bay] Neurobiological Technologies gets going concern from auditor [San Francisco] Neurobiological Technologies narrows Q4 loss, announces reverse stock split [East Bay] The Nasdaq Stock Market warned ...
    2007-10-01 01:09:00

  • Business in Brief

    Milwaukee Journal Sentinel - Treasury Secretary Henry Paulson said that 11 of the largest mortgage service companies, representing 60% of all mortgages in ... The 3,000-room resort, planned to open in 2012, is part of a gamble by casino operators to reverse what is expected to be ...
    2007-10-09 05:53:00

  • American dream in reverse

    Rutland Herald - American dream in reverse October 10, 2007 The New York Times said the following in an editorial: For the first time since the ... an egregious flaw in the current bankruptcy law that prohibits the courts from modifying repayment terms of most mortgages on ...
    2007-10-09 11:51:00

  • ROUND ONE

    Taunton Gazette - I did not support the tactics of ‘Yes for Taunton,’” Crowley said. “They called people who disagreed with them morons, they chased people at the Relay for Life, they told seniors to get reverse mortgages.” The candidates also spoke about the ...
    2007-10-09 05:53:00

  • South Africa battles to end 'brain drain'

    Daily Telegraph - People found it hard to reactivate mortgages and obtain banking services," says Zimbabwean-born Penny Streeter, one of Britain's most successful female entrepreneurs and an enthusiastic supporter of the reverse brain-drain strategy through her South ...
    2007-10-10 04:05:00

  • Affluent senior citizens tapping reverse mortgages for extra cash

    Pittsburgh Post-Gazette - Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too. With a mansion worth $21 million, a wealthy retiree near Philadelphia decided the most logical way to access that cash and ...
    2007-10-10 08:58:00

  • Midwest Airlines passenger traffic up 20% (Milwaukee Journal Sentinel)

    LOCALMidwest Airlines passenger traffic up 20%Midwest Air Group Inc. reported a big increase in passenger traffic in September, but also posted declines in two key performance indicators, the Oak Creek-based company sai...
    2007-10-10 07:26:42

  • South Africa battles to end 'brain drain' (Daily Telegraph)

    A campaign to lure émigrés to return is being stepped up, reports Roland Gribben
    2007-10-10 04:48:03

  • Calyon Trader Fired for Losses Says He's No Rogue (Update3) (Bloomberg.com)

    Oct. 10 (Bloomberg) -- The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a ``golden child'' of the New York office.
    2007-10-10 02:10:07

  • Affluent senior citizens tapping reverse mortgages for extra cash (Pittsburgh Post-Gazette)

    With a mansion worth $21 million, a wealthy retiree near Philadelphia decided the most logical way to access that cash and improve his standard of living was to take out a reverse mortgage on the ...
    2007-10-10 09:22:31

  • MGIC sues merger partner for data

    Milwaukee Journal Sentinel - MGIC said it needs the data to assess the condition of Radian lines - such as securities investment insurance and second mortgages - that go beyond the fundamental business of insuring lenders against losses if homebuyers don't pay back their ...
    2007-10-07 05:56:00

  • ECB Says It Needs More Information to Decide on Rates (Update1)

    Bloomberg - The ECB stepped back from plans to raise rates in September after defaults on U.S. subprime mortgages pushed up global credit ... indicators ``remain above their historical averages and continue to point to ongoing sustained growth during the second ...
    2007-10-11 04:29:00

  • Foreign investors net sellers of Japanese stocks for 2nd straight ...

    CNBC - TOKYO (Thomson Financial) - Foreign investors were net sellers of Japanese stocks for the second straight month in September due to worries about US subprime mortgages and tight credit markets which reduced risk appetite, according to preliminary ...
    2007-10-09 05:53:00

  • Commonwealth Bank Raises Australian Dollar Forecast (Update2)

    Bloomberg - Oct. 11 (Bloomberg) -- Commonwealth Bank of Australia, the nation's second-largest lender, raised its forecast for the ... A quicker-than-expected recovery from financial market turmoil stemming from U.S. subprime mortgages and a Federal Reserve ...
    2007-10-10 11:57:00

  • Banks vary on second-loan rules

    China Economic Net - New rules designed to curb people taking out mortgages on a second home have left it up to banks to use their individual discretion on granting loans. On September 27, the People's Bank of China and the China Banking Regulatory Commission said ...
    2007-10-10 06:35:00

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