Mortgage and Financial News From 2008-5-26 Page 4

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• Overview: Battered exporters lead declines (Financial Times)

  Asian equities endured a grim start to the week, as investors reacted to another double-digit fall on Wall Street on Friday and fears grew that the weakening US economy would dent growth in the region’s exports.
  2008-05-26 09:10:40

• 'Saga generation' squeezed by credit crisis (Daily Telegraph)

  The so-called "Saga generation" is being financially squeezed for the first time by the effects of the credit crisis, experts have warned.
  2008-05-26 12:54:23

• Banking & Finance (North Bay Business Journal)

  G. Brian Rose joined BaySierra Mortgage in Santa Rosa as a broker associate. He worked previously as a vice president and commercial loan officer for North Valley Bank.
  2008-05-26 01:11:11

• Presidium Moves to Raise Oil Output (The Moscow Times)

  27 May 2008 By Anatoly Medetsky / Staff Writer The Presidium of the Cabinet emerged from its first-ever meeting Monday with good news for the oil industry, approving long-sought tax benefits aiming to ward off a production slump by promoting exploration and greenfield development.
  2008-05-26 01:18:04

• Banks ordered to write off bad loans (China Daily)

  The banking regulator Monday ordered domestic banks to write off bad loans caused by the devastating earthquake.
  2008-05-26 03:57:48

• STOCKS NEWS ASIA-Shares seen steady, all eyes on oil (Reuters Finance News, Australia via Yahoo!7 Finance)

  Public trial of Chung Mong-koo, the chairman of
  2008-05-26 04:15:02

• Mortgage lender put up for sale - News.com.au

  The Australian understands that GE Money - a subsidiary of New York Stock Exchange-listed giant General Electric - will announce the sale on Wednesday at the NSW state franchisee meeting in Parramatta, Sydney. The proposed sale comes as Wizard's ...
  2008-05-25 09:33:00

• For College Money, Try a Microloan - Street.Com

  2008-05-26 13:29:19.0 Microlending is moving into the U.S. student-loan market. Costs for higher education are soaring, and with students up against rising interest rates, it's harder than ever to finance a college education. Students and parents ...
  2008-05-26 10:29:00

• Komercni Banka not seeing any impact from slowing Czech economy - CFO - Forbes

  PRAGUE (Thomson Financial) - Komercni Banka s not seeing any impact from U.S. credit troubles nor has the slowing Czech economy affected the lender, the bank's chief financial officer said in an interview with patria.cz. 'The U.S. credit crisis is ...
  2008-05-26 08:05:00

• The U.S. housing crisis takes a toll on the auto industry - International Herald Tribune

  Auto lenders and banks have tightened their wallets, preventing hundreds of thousands of consumers from getting the financing they need for a car. Home equity loans, used in at least one of every nine deals, are no longer a source of easy money for ...
  2008-05-26 10:36:00

• Baltic economies facing tougher times (International Herald Tribune)

  With growth slowing and inflation rising, Latvia, Lithuania and Estonia must find ways to stimulate their economies.
  2008-05-26 09:58:08

• The U.S. housing crisis takes a toll on the auto industry (International Herald Tribune)

  Credit for auto loans is getting harder to come by, and used car prices are dropping due to a flood of repossessions and cast-off gas guzzlers.
  2008-05-26 10:45:01

• For College Money, Try a Microloan (TheStreet.com)

  Peer-to-peer lending Web sites help students get the money they need for higher education.
  2008-05-26 10:47:56

• US economy in need of urgent action (Financial Times)

  In March last year I warned in this newspaper that the global “Goldilocks” economy and markets would face a material correction within the next 12 months and there was a need to exercise greater prudence in lending and investing.
  2008-05-26 01:55:51

• Abandoned Houses Are Keeping Contractors Busy (NYTimes.com via Yahoo! Finance)

  Governments have become concerned about the upkeep of foreclosed homes, which can drag down real estate values.
  2008-05-26 02:36:47

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