Mortgage and Financial News From 2008-7-10 Page 13

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• State housing board to meet in Missoula Friday Posted on July 10 (Missoulian)

  HELENA - The Montana Board of Housing will have its monthly public meeting on Friday in Missoula. The Public Hearing for the proposed 2009 Qualified Allocation Plan will take place in conjunction with the public meeting.
  2008-07-10 08:48:21

• St. Charles County senior news for July 11-17 (St. Charles Journal)

  Senior centers St. Charles Senior Center 1455 Fairgrounds Road 636-949-0658 July 11: Bingo, 12 p.m.; entertainment June 14: Wood carving, 9 a.m. July 15: Bridge, 9 a.m.; computer class, 9 a.m.; line dancing, 9:15 a.m.
  2008-07-10 09:41:22

• Separating couples still living together due to credit crunch - Daily Telegraph

  Separating couples are being forced to continue living together due to housing and mortgage problems caused by the credit crunch, a divorce lawyer has said. Marilyn Stowe, of the Yorkshire and Cheshire-based Stowe Family Law firm, said increasing ...
  2008-07-09 06:30:00

• Banking woes push stocks towards 21-month low - Washington Post

  Resize LONDON (Reuters) - World stocks fell towards this week's 21-month low on Thursday as fresh concerns resurfaced over the financial sector -- the epicenter of the nearly one-year-old credit crisis. Woes at top U.S mortgage lenders intensified ...
  2008-07-10 05:03:00

• Behind Wall Street's subprime fear index - CNN Money

  At a time when almost nothing about subprime securities seems certain, the ABX index is a key point of reference for investors navigating the world of risky mortgage debt. The ABX, launched in January 2007, serves as a benchmark of the market for ...
  2008-07-10 06:15:00

• UPDATE 1-Morgan Stanley cuts BofA, says banks need more capital - Reuters

  July 10 (Reuters) - Morgan Stanley cut its rating on Bank of America Corp (BAC.N: Quote , Profile , Research , Stock Buzz ), and lowered its 2008 earnings view for large-cap U.S. banks saying the banks may have to raise additional $51 billion in ...
  2008-07-10 06:15:00

• June home foreclosures up 53 percent - Reuters

  NEW YORK (Reuters) - Home foreclosure filings jumped 53 percent in June from a year earlier, although they were down 3 percent from May, and foreclosures are expected to rise further, real estate data firm RealtyTrac said on Thursday. Foreclosure ...
  2008-07-10 08:02:00

• Wall Street falls as financials sell off - Financial Times

  Wall Street stocks fell deeper into bear territory on Thursday morning as continuing concerns about the health of the government sponsored mortgage companies triggered another brutal sell-off in financial stocks. Speculation that Fannie Mae and ...
  2008-07-10 07:48:00

• Immelt's Failed GE Revival Drives Investors to Emerson Electric - Bloomberg

  July 10 (Bloomberg) -- General Electric Co. investors, impatient with Chief Executive Officer Jeffrey Immelt 's effort to revive the shares, are buying Emerson Electric Co. and United Technologies Corp. GE lost about a third of its market value in ...
  2008-07-10 07:12:00

• MARKET SNAPSHOT: U.S. Stocks Open Mixed On Fannie, Freddie Woes - CNN Money

  U.S. stocks started on a mixed note on Thursday, as cheer from an $18.8 billion offer in the chemical sector was offset by rising crude oil futures and worries about a possibly bleak future for government-sponsored mortgage buyers Fannie Mae and ...
  2008-07-10 07:05:00

• Movers: Freddie Mac, Fannie Mae, Wachovia, Rohm & Haas, Wal-Mart - BusinessWeek

  Freddie Mac ( FRE ) and Fannie Mae ( FNM ) shares are seen weaker after remarks from former St. Louis Fed's Poole saying that the housing agencies were "technically insolvent." According to the Wall Street Journal , The Bush administration has held ...
  2008-07-10 08:02:00

• Nordstrom, Shaw Group, SunPower, Wachovia: U.S. Equity Movers - Bloomberg

  July 10 (Bloomberg) -- The following companies are having unusual price changes in U.S. markets. Stock symbols are in parentheses after company names, and prices are as of 10:40 a.m. in New York. FCStone Group Inc. (FCSX US) plunged 44 percent, the ...
  2008-07-10 08:17:00

• Indiana Community Bancorp Announces Increase in Provision for Loan ... - MSN MoneyCentral

  COLUMBUS, Ind., July 10 /PRNewswire-FirstCall/ -- Indiana Community Bancorp (the "Company") INCB , the holding company of Indiana Bank and Trust Company of Columbus, Indiana (the "Bank"), today announced that earnings for the second quarter will be ...
  2008-07-10 07:55:00

• Old Republic International Announces Second Quarter 2008 Conference ... - MSN MoneyCentral

  CHICAGO, July 10 /PRNewswire-FirstCall/ -- Old Republic International Corporation ORI , today announced that it will hold a conference call on Thursday, July 24, 2008, at 3:00 p.m. Eastern Time to discuss second quarter results. The call can be ...
  2008-07-10 06:00:00

• Small caps up on M&A deals, Bernanke (SmallCapInvestor.com via Yahoo! Finance)

  Small-cap stocks pushed higher in morning trade, overcoming ongoing fears about the credit crunch, particularly as they relate to slumping home financing providers Fannie Mae and Freddie Mac.
  2008-07-10 07:25:41

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