Mortgage and Financial News From 2008-8-15 Page 13

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• Lenders brace for spike in foreclosures (Waterloo-Cedar Falls Courier)

  WATERLOO --- Cedar Valley housing agencies and lenders are bracing for a ripple effect from the ongoing national foreclosure crises.
  2008-08-15 02:44:58

• Repossession Orders Rise A Quarter (Sky News via Yahoo! UK & Ireland Finance)

  The number of British homeowners at risk of having their home repossessed is up 24% on last year, figures released by the Ministry of Justice have revealed.
  2008-08-15 02:57:00

• Home repossessions risk up by quarter (Channel 4)

  The number of homeowners at risk of losing their homes has risen by nearly a quarter in the past year.
  2008-08-15 03:47:40

• Donald Trump to buy Ed McMahon's house (Newsday)

  Trump will allow McMahon, who was facing foreclosure, to continue living in the home. It's "The Donald" to the rescue.
  2008-08-15 03:57:09

• Repossession orders soar in Q2 (ShareCast)

  LONDON (SHARECAST) - Repossessions leapt by 24% during the second quarter from the same time last year as homeowners continue to struggle with higher interest rates and rising living costs.
  2008-08-15 03:57:16

• Repossession orders climb by 24% (BBC News)

  The number of homeowners in England and Wales facing repossession has risen by 24%, figures show.
  2008-08-15 04:15:44

• Homes at repossession risk up by quarter (Independent)

  The number of homeowners at risk of losing their homes has risen by nearly a quarter in the past year, figures showed today.
  2008-08-15 04:21:28

• TimberWest Releases 2008 Second Quarter Results and Announces a Review ... - MSN MoneyCentral

  VANCOUVER , Aug. 14 /PRNewswire-FirstCall/ - "Market conditions continue to be extremely difficult and TimberWest is therefore staying the course with its harvest deferral strategy," said Paul McElligott , President and CEO of TimberWest Forest Corp ...
  2008-08-14 05:22:00

• Chief Financial Officers, CPA Executives See U.S. Economy in Recession ... - CNBC

  DURHAM, N.C., Aug 14, 2008 (BUSINESS WIRE) -- The U.S. economy has already entered a recession and the outlook remains negative according to a majority of chief financial officers and senior-level executive CPAs surveyed by the American Institute of ...
  2008-08-14 02:23:00

• Fed's Stern: Economy sluggish, inflation to abate - Reuters

  THREE FORKS, Montana (Reuters) - Minneapolis Federal Reserve Bank President Gary Stern said on Thursday the United States faces rising unemployment and modest economic growth "for a time" but that inflation should abate. "Given the headwinds ...
  2008-08-14 12:14:00

• BOJ May Keep Key Rate at 0.5% After Economy Shrank (Update1) - Bloomberg

  Aug. 15 (Bloomberg) -- The Bank of Japan will probably keep interest rates at the lowest level in the industrialized world next week after the economy shrank and inflation accelerated to a decade high. Governor Masaaki Shirakawa and his six ...
  2008-08-14 05:15:00

• Fitch Rates Tennessee's $141.2MM GOs 'AA+'; Outlook Stable - Forbes

  The bonds are expected to sell competitively on Aug. 20. Fitch also affirms the 'AA+' rating on the state's approximately $1.2 billion outstanding GO debt. The Rating Outlook is Stable. Tennessee's 'AA+' GO rating largely reflects the state's low ...
  2008-08-14 03:42:00

• Fitch Rates Maine Municipal Bond Bank's $50MM GABs at 'AA-' - Forbes

  Fitch Ratings has assigned a 'AA-' rating Maine Municipal Bond Bank's (MMBB) $50 million grant anticipation bonds (GABs), issued on behalf of the Maine Department of Transportation (MaineDOT). In addition, Fitch has affirmed the 'AA-' rating on MMBB ...
  2008-08-14 04:03:00

• Concern as US inflation jumps - Financial Times

  Thursday’s news of a 0.8 per cent jump in the US consumer price index in July, coupled with a 0.3 per cent increase in the same measure excluding food and energy, could damage – or at least delay – the emerging optimism on inflation. The recent ...
  2008-08-14 04:25:00

• (AFX UK Focus) 2008-08-15 10:25 TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 BST (Interactive Investor)

  2008-08-15 10:03:26 Hungarian industrial production down 1.6 pct in June: official
  2008-08-15 02:45:42

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