February 9th, 2007
FT.com - US stocks struggled to gain traction this week and ebbed on Friday with investors unnerved by warnings over risky mortgage lending and demand for technology.
From Yahoo!
February 9th, 2007
FT.com - US stocks struggled to gain traction this week and held within tight ranges as investors were unnerved by warnings over risky mortgage lending.
From Yahoo!
February 9th, 2007
BusinessWeek Online - Several economic reports in the upcoming week should give a clearer view of how much of the economy's strength in the fourth quarter has carried over into the first quarter. The headliners are January data on retail sales, business inventories, industrial production, and housing starts. Each will offer a take on a key trend that will help the markets to shape their impression of where the economy is headed in coming months.
From Yahoo!
February 9th, 2007
FT.com - Investors in mortgage bonds reacted bearishly on Thursday to news that HSBC and New Century Financial (NYSE:NEW) faced bigger-than-expected difficulties with their portfolios of loans to US borrowers with weak credit.
From Yahoo!
February 8th, 2007
FT.com - Wall Street stocks retreated on Thursday as warnings over mortgage loans to borrowers with poor credit hit shares in financial groups and homebuilders.
From Yahoo!
February 8th, 2007
FT.com - Wall Street stocks were lower at mid-afternoon on Thursday as warnings over mortgage loans to borrowers with poor credit hit shares in financial groups and homebuilders.
From Yahoo!
February 8th, 2007
AP - Rates on 30-year mortgages fell for the first time since early December as lower-than-expected job growth eased worries in financial markets about inflation.
From Yahoo!
February 7th, 2007
BusinessWeek Online - The clubby world of U.S. mortgage insurers received a jolt on Feb. 6 from news that the industry's No. 1 player, MGIC Investment , agreed to acquire rival Radian Group in a stock deal valued at around $4.9 billion. Shares of both outfits shot higher after the deal was announced.
From Yahoo!
February 6th, 2007
AP - Many mutual funds that invest abroad had sizeable 2006 gains that bore the stamp "made in China" but recent volatility in that country's stock markets have cast some doubt onto this year's returns.
From Yahoo!
February 6th, 2007
Reuters - Mortgage insurer MGIC Investment
plans to buy rival Radian Group Inc. for about
$5.47 billion, the companies said on Tuesday, a move that will
allow them to cut costs amid shrinking demand that has been
hurt further by a slowing housing market.
From Yahoo!
