Posts Tagged ‘Update1’

Jarislowsky ‘Convinced’ Canada Has Housing Bubble (Update1)

Jarislowsky ‘Convinced’ Canada Has Housing Bubble (Update1)
“They have basically encouraged people to buy houses based on cheap mortgages,” Jarislowsky, 84, said in a telephone interview from Montreal. “That has created the opposite effect of what was desirable.”

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Fed Seeks Help From Money Funds to Drain $1 Trillion (Update1)

Fed Seeks Help From Money Funds to Drain $1 Trillion (Update1)
Feb. 11 (Bloomberg) — The Federal Reserve is in talks with money-market mutual funds on agreements to help drain as much as $1 trillion from the financial system as policy makers prepare for the first interest-rate increase since June 2006, according to a person familiar with the discussions.

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GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)

GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
Feb. 5 (Bloomberg) — GMAC Inc. , whose leader has called its money-losing mortgage unit “a millstone around the company’s neck,” may need to contribute more capital to the operation, according to Moody’s Investors Service.

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MetLife Faces S&P Downgrade If It Acquires AIG Unit (Update1)

MetLife Faces S&P Downgrade If It Acquires AIG Unit (Update1)
Feb. 3 (Bloomberg) — MetLife Inc. , the biggest U.S. life insurer, may have its credit ratings cut by Standard & Poor’s if the company buys a non-U.S. unit from American International Group Inc.

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Australia May Raise Key Rate for Fourth Meeting to 4% (Update1)

Australia May Raise Key Rate for Fourth Meeting to 4% (Update1)
Feb. 2 (Bloomberg) — Australia’s central bank may raise its benchmark interest rate by a quarter percentage point today for a record fourth straight meeting as the nation’s economic expansion fuels a surge in employment.

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Chubb Quarterly Profit Surges 71% on Investment Gains (Update1)

Chubb Quarterly Profit Surges 71% on Investment Gains (Update1)
Jan. 28 (Bloomberg) — Chubb Corp. , the insurer of commercial property and high-end homes, said profit gained for a third straight quarter, climbing 71 percent, as investments increased in value.

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Mortgage-Bond Leverage Reaches 10-to-1, Markets Heal (Update1)

Mortgage-Bond Leverage Reaches 10-to-1, Markets Heal (Update1)
Jan. 19 (Bloomberg) — Wall Street firms are loosening terms of their lending to mortgage-bond investors as markets heal, an RBS Securities Inc. executive said.

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Creditor Said to Seek Stuyvesant Town Manager Removal (Update1)

Creditor Said to Seek Stuyvesant Town Manager Removal (Update1)
A Stuyvesant Town-Peter Cooper Village creditor is seeking to remove Tishman Speyer Properties LP as manager of the property, Manhattan’s largest apartment complex, according to three people familiar with the matter.

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Sallie Mae Posts $309 Million Profit, Loan Costs Fall (Update1)

Sallie Mae Posts $309 Million Profit, Loan Costs Fall (Update1)
Jan. 20 (Bloomberg) — SLM Corp. , the largest U.S. student loan company, reported net income of $309 million in the fourth quarter, its second straight three-month profit following four periods of losses.

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Hoenig Says Fed Should End Mortgage Program in March (Update1)

Hoenig Says Fed Should End Mortgage Program in March (Update1)
Jan. 11 (Bloomberg) — Thomas Hoenig , president of the Federal Reserve Bank of Kansas City, said the central bank should end its purchases of mortgage debt as planned in March because the private market for the securities is “healing.”

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