World economic recession hits Dubai

Fox News are reporting that: "DUBAI, United Arab Emirates — The developer of a skyscraper planned to be the world's tallest said Wednesday it is ... development — which it unveiled only in October — came as a leading credit rating firm warned that falling ... values in the emirate tumbled 8 percent in the last three months from the previous quarter, a re [more...]

Date: 2009-01-15 20:00:00

Blog posts (303) | Videos (88)
 

Bond issuer upgrades look set to increase

Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]

Date: 2009-09-29 17:48:20

Despite Losses, Builder Shares Still Struggle

It’s hard to find a sector doing well Thursday, but homebuilders were among the poorest performers, led by Hovnanian Enterprises Inc ... by a report from Standard & Poor’s, which said more trouble could be in store for the builders, which could lead to more credit-rating downgrades if the situation doesn’t change. Builders Shares [more...]

Date: 2008-09-04 16:50:32

LEED certified buildings on the rise!

Adobe headquarters in San Jose received three platinum LEED ratings Photo credit kqedquest According to the US Green Building Council (USGBC) ... building by the numbers report (.doc warning): By 2009, 82% of corporate America is expected ... $30-$40 billion annually by 2010 With that in mind it was great to see the report that AMD’s Lone [more...]

Date: 2009-01-14 18:16:45

LEED certified buildings on the rise!

Adobe headquarters in San Jose received three platinum LEED ratings Photo credit kqedquest According to the US Green Building Council (USGBC) ... building by the numbers report (.doc warning): By 2009, 82% of corporate America is expected ... $30-$40 billion annually by 2010 With that in mind it was great to see the report that AMD’s Lone [more...]

Date: 2009-01-14 18:16:45

Save Thousands By Negotiating Your Loan Rate With Your Mortgage Lender

My wife and I have recently applied and been pre-approved for our first mortgage.  We are moving to a new state this winter ... , application fee, and credit report costs, but these costs are separately listed in most closing cost ... and actually flourished during the current credit crisis and subprime mortgage mess.  We were offered [more...]

Date: 2008-11-20 13:45:27

The Yen Reeks Havoc on Some of Your Favorite Companies!

Over the years, American’s have really gotten a “thirst” for Japanese products ... of the recession and strong yen. Meanwhile, Honda had its credit rating cut by Fitch from A+ to A. Sony ... . How bad? Well, analysts were expecting a profit of 35 billion yen…instead, they may report a 100 [more...]

Date: 2009-01-15 19:52:35

GMAC Deal Boosts Auto Stocks

The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]

Date: 2008-12-30 14:03:40

GMAC Deal Boosts Auto Stocks

The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]

Date: 2008-12-30 17:03:00

Chinese banks facing risks from bad loans

China’s lenders may have evaded the worst of the global credit crisis so far, but they are facing plenty of risks of their own, economists with credit agency Fitch Ratings said Friday. A larger-than-expected downturn ... ,” Chu said in a conference call following the release of a report outlining risks for the industry [more...]

Date: 2009-01-16 09:39:30

New regulation and the GAO

rdan GAO has a report on regulation deficiencies of financial markets: ... participants—such as nonbank mortgage lenders, hedge funds, and credit rating agencies—some of which ... difficulty understanding new and increasingly complex retail mortgage and credit products. • Fourth [more...]

Date: 2009-01-15 10:00:01

Research Oracle roundup for 14 January 2009

Earning Release HDFC Bank Ltd. (NYSE:HDB) reported healthy growth in Net Interest Income (NII) ... positive, we anticipate near term weakness in credit offtake, as well as rising default rates, due ... price when we revalue the bank in our next update report. Therefore, although the target price derived [more...]

Date: 2009-01-14 17:12:58

Long Beach Mortgage Report: Concern over future loan pricing due to Democratic moves

Long Beach, CA.  We are very concerned about this development for future mortgage pricing ... this is at a time when we expect a government agency to support the credit crisis, not curtail their lending. Why has this happened?  Apparently the agency faces a credit rating downgrade and must work through a half [more...]

Date: 2009-01-08 18:35:49

NFP: Even Worse Than Reported

Over the past few years, we have railed at the prettyfied numbers that come out of BLS regarding NFP job creation and the unemployment rate ... of aberrational, credit-driven economic growth was hidden from the public view. Many (tho not all) of Wall Street ... now in a full blown recession, and the Housing and Credit crisis getting worse, it hardly semed [more...]

Date: 2008-12-08 11:34:50

Today’s Science Policy News for September, 23rd 2008

A look at today’s science and health policy news: Overhauling health care: Two divergent visions MSNBC ... Washington Post (Opinion)–Renewal of the production tax credit is a vital piece of a long-term energy policy. Abortion rate is down, but report cites racial disparity L.A. Times–The decline [more...]

Date: 2008-09-23 15:20:00

PNG budget goes for growth despite financial crisis

The Papua New Guinea Government handed down a PGK7.6 billion (approx.US$3 billion) budget for 2009 yesterday ... and telecommunications. PNG’s Standard and Poor’s credit rating was upgraded in 2007 to B+ for long-term foreign ... impact on service delivery, with anecdotal reports suggesting many districts were unable even to obtain [more...]

Date: 2008-11-19 05:44:00

Everybody Thought They Were Rich In California

The Bay Area Newsgroup reports from California. “Over the year that ended in July, ... of Business at University of California-Berkeley. ‘It is clearly the worst since the 1930s.’” “Financial institutions are already tightening up on terms, conditions, rates and amounts of credit [more...]

Date: 2008-09-16 20:00:21

DEBT DEFAULTS

DEBT DEFAULTS With the performance of the stock market over 2008, ... interest-bearing investments are safer, there are still risks. A report entitled “Default and Recovery Rates of Canadian Corporate Issuers, 1989-2007” was published last year by Moody’s Credit Research [more...]

Date: 2009-01-06 15:04:18

Widespread Mortgage Refinance (Good Credit Doesn’t Pay)

Mine won’t be one of the three million mortgages expected to get a new deal via The Bailout ... , to have the right numbers on our credit report. AND a month later when every headline ... , and took the best mortgage deal we could get. Who Wouldn’t Take an Adjustable Rate Mortgage? Because [more...]

Date: 2008-10-30 13:35:53

Compare Credit Cards for Best Deals

Now is not the time to be spending unnecessary money; ... and what that means not only to our cash flow but our credit report. Further, the fees that we wind up paying ... possible for us to shave money off of payments including lowering the interest rate on our mortgage through [more...]

Date: 2009-01-09 04:07:57

Japanese stocks gain on optimistic view of US economy

Japanese stocks gain on optimistic view of US economy Japan stocks continued to gain Tuesday morning as investors become optimistic about a massive U ... , thieves and foreign agents, according to a new report from a panel of leading government ... ' from banks, governments Ad forecaster expects mild recovery in Q3 of 2009 Credit card interest rates [more...]

Date: 2008-12-09 04:42:16

Arizona Mortgage Rates October 17, 2008

Arizona Mortgage Rates for October 17, 2008 Mortgage Related News This week we ran into more than one person who was interested in what lenders ... include: Must be a second home 400,000 max loan amount 75% Loan-to-Value International credit report ... are able to provide loans for Canadian Nationals. After some local discussion between [more...]

Date: 2008-10-17 16:18:20

Markets yawn at Fed’s ’scary’ rate cut

A wild day. Associated Press reports that U.S ... . Credit markets were frozen on Friday, and someone is now bringing a heater out of the house to try [more...]

Date: 2008-10-08 11:50:25

MortgageNewsClips: Catching Fraud, HSH on Fixed Rate, Super Human, Stephanie Pomboy, Reverses Go Live, Tom Brown, Mod Section 6 links, FDIC Highlights, Accounting

Discussing Loan Reviews with Andy Hall  - John Clapp - MortgageOrb chats with Andy Hall, ... that it will take consumers at least five years - and probably more - to recover from the credit crisis ... Oversight Panel’s First Report: Unfortunately, Just What We Expected  Elizabeth Warren seems determined [more...]

Date: 2008-12-20 12:53:02

Verizon, Alltell, TPG and Goldman Sachs (VZ, GS, T, VOD)

Alltel may soon be acquired by Verizon Communications Inc. (NYSE: VZ), according to a breaking news report from CNBC's David Faber ... held by TPG and GSCP, which are Texas Pacific Group and Goldman Sachs Capital Partners.... part ... . If there is any company that can acquire this and not have all the credit rating issues and not run into multiple [more...]

Date: 2008-06-04 18:32:28

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... , most often because their credit isn’t good enough or they don’t have sufficient home equity ... These are people who have good credit, who have had been in their homes a long time, people who already [more...]

Date: 2009-01-16 00:46:03

TD Rate Down 0.15%

That is the epilogue to the Bank of Canada rates dropping by 0.25% yesterday, so TD again shaves 0 ... back that 0.1% is if they find they are losing income from people with loans or lines of Credit taking ... , I will investigate and report on them). It’s interesting that TD announced their “prime” to be 4.00 [more...]

Date: 2008-10-22 10:40:15

Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... , their funding line gets filled up.  Imagine a funding line (sometimes called a warehouse line of credit) like a big credit card,  Normally, a big bank needs, say $100 Billion for its line.  The unexpected [more...]

Date: 2009-01-14 06:35:15

Friday’s Rates following the Rescue/Bail Out

There have been so many factors that typically influence the direction of mortgage rates over this past week, it’s amazing.  Just this morning we had another dismal Jobs Report with a greater loss than expected ... credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount [more...]

Date: 2008-10-03 21:29:05

Sellers of Tribune CDS Protection Face Large Payout

Hmmm Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... , determined a value for outstanding bonds of just 1.5% of face value. Standard and Poor’s, a ratings ... . The auction result for Tribune loan credit default swaps, or LCDS, was only slightly better, [more...]

Date: 2009-01-07 09:50:00

Sellers of Tribune CDS Protection Face Large Payout

Hmmm Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... , determined a value for outstanding bonds of just 1.5% of face value. Standard and Poor’s, a ratings ... . The auction result for Tribune loan credit default swaps, or LCDS, was only slightly better, [more...]

Date: 2009-01-07 09:50:00

Opinion: NZ$ the worst currency over past 24 hours

By BNZ Currency Strategist Danica Hampton Once again, the NZD has the dubious honour of being the worst performing currency over the past 24 hours ... survey, Standard & Poor’s downward revision to the outlook for NZ’s foreign currency credit rating ... 4% this week from above 0.8500 to around 0.8150. Keep an eye out for Australia’s employment report [more...]

Date: 2009-01-14 19:48:44

Eco-Homes: Investing in Energy Smart Solutions, Vol. II

Despite an economy in a deepening recession, plummeting housing values, tight credit and rising foreclosure rates and unemployment, ... ). This number is expected to rise to 10% by 2010, according to a Calvert Group report titled “Greener [more...]

Date: 2008-12-16 23:40:50

Third quarter results to dictate trend

The ongoing quarterly reporting season may dictate the market trend in the near term. Investors are bracing for poor quarterly earnings as high input costs, credit crunch, high interest rates, and the burden of piled-up inventories may hit bottom lines of companies. India's largest [more...]

Date: 2009-01-16 14:34:00

Third quarter results to dictate trend

The ongoing quarterly reporting season may dictate the market trend in the near term. Investors are bracing for poor quarterly earnings as high input costs, credit crunch, high interest rates, and the burden of piled-up inventories may hit bottom lines of companies. India's largest [more...]

Date: 2009-01-16 23:39:00

David Cameron's speech to the CBI

David Cameron has set out the Conservative approach to dealing with the recession in a speech to this morning's CBI conference ... of a fiscal stimulus in the Pre Budget Report – had decided not to. We have consistently argued ... rates, monetary action must mean radical new measures to actually get credit flowing through [more...]

Date: 2008-11-24 11:58:39

Friday’s Rates on Thursday

Huh?  Since tomorrow is Independence Day, the bond markets will be closed…so I thought I would provide you with mortgage rates on today ... with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan ... .   We also had the Jobs Report released today which reported a loss of 62,000 jobs [more...]

Date: 2008-07-03 18:00:27

The Reality of The Good Cars We Are Building Today. Read On.

Too often the conventional wisdom in the looming credit crisis and the request of The Big 3 for a federal loan has been that it’s all Detroit’s ... independent survey on initial quality? Did you bother to read the Consumer Report that rated Ford on par [more...]

Date: 2008-12-23 00:09:27

TV on the Radio / Masonic Temple

TV on the Radio / Masonic Temple Email Print View Report This Photo + Enlarge Photo Where Brooklyn at? ... stompers. Highly recommended. With Telepath. Credit:Ryan Muir 5 Your rating: Poor Below [more...]

Date: 2008-10-16 19:26:08

State fiscal reports not a pretty picture

WASHINGTON — Most states experienced poor fiscal conditions in 2008, ... time since 1983. In a report released Dec. 15, The Fiscal Survey of States, the associations found ... Raymond C. Scheppach. “Given the continued stall in credit availability, rising unemployment rates [more...]

Date: 2008-12-15 17:11:55

Bank of Canada lowers bank rate by three quarters of a percent!

The bank of Canada just announced a huge reduction in the prime interest rate ... governments are beginning to encourage credit flows, although it will take some time before conditions ... profile for core inflation than had been projected at the time of the last Monetary Policy Report [more...]

Date: 2008-12-09 15:14:28

Apple Keynote Liveblog Starts Now!

Thanks for reading the MacWorld Live Blog! The last few posts are up on the main page, but if you want the full live blog, ... mil accounts with credit cards. 10:23 AM Environmental report card: new Macbook Pro is EPEAT Gold ... today. 10:26 AM iTunes Plus. DRM-free, higher bit-rate, and one click upgrades (all the old features [more...]

Date: 2009-01-06 16:48:14

"The Largest Credit Contraction in History is Here"

"There was a report from Mish’s Global Economic Trend Analysis * who in turn was commenting on a report from Martin Weiss who publishes research at his Money and Markets site. Weiss takes a look at the Flow of Funds report for Q1 published by the Fed. Weiss’s conclusion: The first quarter brought the greatest credit collapse of all time. Open Market Paper: Instead of growing as it had in almost every prior quarter in history, it collapsed at the annual rate of $662.5 billion. [more...]

Date: 2009-07-12 01:58:00

Obama talks stimulus. He hopes you are listening

The spate of retailers reporting devastating December sales this morning provided a nice backdrop for President-elect Obama's speech in Virginia ... that lower interest rates aren't getting the job done because credit markets are screwy and that tax ... , the National Bureau of Economic Research and the Brookings Institution. He argued that fiscal [more...]

Date: 2009-01-08 18:11:11

Bank of Canada - Another 0.75% Cut (Prime Now at 3.25%)

Prime rate has been cut by 0.75% by Bank of Canada.Current Prime Rate: 3 ... strained. Measures taken by major governments are beginning to encourage credit flows, although ... of the last Monetary Policy Report in October. Several factors are helping to counterbalance [more...]

Date: 2008-12-09 18:22:00

Wall Street Journal reports on causes of the housing bubble that burst our economy and in the long run helped no one out...

From the Wall Street Journal.... Housing Push for Hispanics Spawns Wave of Foreclosures-"California Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment [more...]

Date: 2009-01-08 08:01:00

How High Will the Unemployment Rate Go?

Another dismal jobs report for December, with 34,000 more jobs gone (71,000 full-time losses) ... in credit, spending, and hence production), I am with those who see an L-shape to this downturn [more...]

Date: 2009-01-08 21:01:40

Population Health Management Journal Summary For Your Perusing Pleasure

It's that time again! The December 2008 issue of Population Health Management, ... with a $15 gift certificate incentive for completion followed by a $300 credit for their health ... to get a 60% baseline participation rate. There was a follow up survey in 2005. This report focuses [more...]

Date: 2009-01-12 00:28:00

Four. One Million Use Credit Cards for Mortgage or Rent

4.1 Million Use Credit Cards for Mortgage or Rent According to housing and homelessness charity Shelter, about 85% of the UK’s £1 ... Breaking point’ report revealed that ‘4.1 million households (16%) used credit cards to help meet ... , is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts [more...]

Date: 2009-01-08 08:18:32

Turning Japanese I really think so

As most of you probably already know, with the "effective" Fed funds rate much closer to zero percent than to the one percent prescribed by the " ... bets that are bound to inflate another asset class eventually. As discussed in this report ... to banks and others to loosen up the credit markets, creating more reserves than it can drain. So to keep [more...]

Date: 2008-11-16 21:20:31

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