Mortgage and Financial News From 2008-2-4 Page 24

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• Valley foreclosures worse than expected (East Valley Tribune)

  Thousands of Valley homeowners fell into foreclosure last month, and experts say the problem is likely to get worse before it gets better.
  2008-02-04 12:40:24

• Your risk of an audit 'is way up' (Centre Daily Times)

  Based on the amount of income that Americans fail to report every year - $345 billion, according to one government report - millions of Americans have little fear of a government audit.
  2008-02-04 12:54:09

• Nydia holds mortgage forum at SFC - Congresswoman warns that ‘ripple effect’ is becoming too difficult to ignore (Flatbush Life)

  As Congress prepared to pass an economic stimulus package aimed at taxpayers and homeowners holding subprime mortgages, Rep. Nydia Velazquez held a roundtable discussion for housing and finance experts at St. Francis College in Brooklyn Heights last week.
  2008-02-04 01:09:02

• BRAD BOLLINGER: Two pieces of good news: Vegas and raising loan limit (North Bay Business Journal)

  The North Bay recently received two pieces of good news: Horizon Air’s decision to start service to Las Vegas and a proposal to temporarily increase the federal loan limit – a move that could boost the local housing market.
  2008-02-04 01:42:29

• Bare Escentuals, Inc. Expands its RareMinerals(TM) Line with Two New Mineral Skincare Products (Business Wire via Yahoo! Finance)

  SAN FRANCISCO----Bare Escentuals, Inc. , the creators of bareMinerals®, the #1 mineral based makeup brand in the US, announces the launch of two new mineral-based skincare products under the RareMinerals™ product line, offering consumers a whole new approach to skincare.
  2008-02-04 02:49:00

• Bare Escentuals, Inc. Expands its RareMinerals(TM) Line with Two New Mineral Skincare Products (Centre Daily Times)

  Bare Escentuals, Inc. (Nasdaq:BARE), the creators of bareMinerals(R), the #1 mineral based makeup brand in the US, announces the launch of two new mineral-based skincare products under the RareMinerals(TM) product line, offering consumers a whole new approach to skincare. The two new products, Renew & Reveal Facial Cleanser and Blemish Therapy, augment the RareMinerals(TM) skincare product line ...
  2008-02-04 03:08:46

• Asian Finance Bank targets more markets (The Star)

  KUALA LUMPUR: Asian Finance Bank Bhd (AFB), the third full-fledged foreign Islamic bank in Malaysia, will continue its aggressive expansion plans in Asia in a bid to garner a slice of the growing Islamic banking sector in the region.
  2008-02-04 03:32:40

• Senate advances stimulus plan's rebates (USA Today)

  An economic aid plan to send rebates of $600-$1,200 to most taxpayers passed a key test Monday in the Senate, where Democrats are pushing to add more than $40 billion in help for seniors, disabled veterans and the unemployed.
  2008-02-04 04:19:42

• Data, Downgrades Weigh on Stocks

  Wall Street Journal - Stocks fizzled Monday as investors chewed over more weak economic data and analyst downgrades of credit-card issuers. The ... Lynch downgraded the bank's shares to a sell rating. Financial stocks have languished for months amid revelations of bad mortgage
  2008-02-04 10:01:00

• Olivant exit blows chance of Rock battle

  Financial Times - Almost six months after Northern Rock was hit by the global credit storm, Mr ... This is yet more bad news about for taxpayers,” said George Osborne, shad­ow ... Virgin’s business plan is conservative, with new mortgage lending funded mainly by ...
  2008-02-04 02:05:00

• Northern Rock A Drag As Europe Ends Flat

  Forbes - Beleaguered British mortgage lender Northern Rock (other-otc: NHRKF - news ... There was bad news for British low-cost airlines EasyJet (other-otc: EJETF ... BNP Paribas (other-otc: BNPQY - news - people ) or Credit Agricole ...
  2008-02-04 12:03:00

• U.S. Stocks Drop on Bank Downgrades; American Express Declines

  Bloomberg - ... the end of the bad news,'' said Craig Hester, who oversees $1.5 billion as chief executive officer of Hester Capital Management in Austin, Texas. ``The first wave has come through the residential mortgage market, and now we're beginning to see credit ...
  2008-02-04 03:45:00

• Banks Set Carbon Guidelines

  Street.Com - ... that produce steady, positive results and are appropriate for consideration by the typical mutual-fund investor. Quant funds earned their bad rap in July and August as turbulence from the subprime mortgage imbroglio spread to the broader credit ...
  2008-02-04 10:58:00

• UBS analyst downgrades credit card lenders because of potential ...

  CNBC - ... of this year, downgraded shares of three major credit card lenders to "Sell." He expects American Express Co., Capital One Financial Corp. and Discover Financial Services LLC to report more bad ... an analyst from Jefferies & Co., said the mortgage ...
  2008-02-04 01:50:00

• Northern Rock A Drag As Europe Ends Flat - Forbes

  Northern Rock A Drag As Europe Ends FlatForbes, NY - 4 hours agoBeleaguered British mortgage lender Northern Rock (other-otc: NHRKF - news - people ) dropped 8.3%, to close at 88 pence ($1.74), after investment fund ...
  2008-02-04 12:12:25

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