Mortgage and Financial News From 2008-4-29 Page 5

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• Credit Acceptance Announces First Quarter 2008 Earnings - MSN MoneyCentral

  SOUTHFIELD, Mich., April 29, 2008 (PRIME NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $17.6 million, or $0.57 per diluted share, for the three ...
  2008-04-29 01:24:00

• FBI: Rise In Home Mortgage Fraud Cases An Indirect Effect Of The ... - All Headline News

  Washington, DC (AHN) - Home mortgage frauds are on the rise and the Federal Bureau of Investigation expects more corporate fraud and public corruption cases to take place as a ripple effect of the subprime crisis. Realty Times, citing FBI data, said ...
  2008-04-29 11:15:00

• US' Thornburg Mortgage IDR revised to 'CCC' from 'RD'; outlook ... - Forbes

  MUMBAI (Thomson Financial) - Fitch Ratings said it revised Thornburg Mortgage Inc. 's issuer default rating (IDR) to 'CCC' from 'RD', given the company's entry into an override agreement with its five remaining reverse repurchase agreement ...
  2008-04-29 08:37:00

• Mortgage loan officer makes life-saving call - Newsday

  It's a good thing mortgage loan officers are so persistent. The first time Matt Pitters -- who works for Melville-based World Alliance Financial Corp. -- called Flora Bartley of Temple, Texas, last month, she hung up on him. He allowed that this isn ...
  2008-04-29 12:48:00

• HBOS to tap shareholders for $8 bln, takes further write-downs (Market Watch)

  HBOS, Britain’s biggest mortgage lender, said Tuesday that it plans to raise 4 billion pounds ($7.95 billion) through the sale of stock to existing shareholders as it battles against rising write-downs and tighter lending margins.
  2008-04-29 03:53:29

• Nigeria: Construction Increases Business Activities in Jigawa (AllAfrica.com)

  All over the world, construction work is regarded as a huge employer of labour.
  2008-04-29 05:19:21

• HBOS to tap shareholders for $8 bln, takes further write-downs (MENAFN)

  HBOS to tap shareholders for $8 bln, takes further write-downs
  2008-04-29 09:09:38

• Gordon Brown's economic crisis has only just begun (Socialist Worker)

  Gordon Brown's biggest problem lies with the state of the economy. As Andrew Rawnsley put it in last Sunday's Observer, "The economy was the pillar of his reputation with the public."
  2008-04-29 10:08:23

• Bluestone Group outed as suitor for Geneva (The New Zealand Independent)

  Geneva Finance investors face a dogfight for their funds as Bluestone Group pursues a bid to take over the company's loan book.
  2008-04-29 10:09:33

• Virgin Money Reaches $300 Million Loan and Mortgage Volume (PRWeb)

  Rapid growth attributed to clear consumer desire for alternative financing options. (PRWeb Apr 29, 2008) Read the full story at http://www.prweb.com/releases/2008/04/prweb899524.htm
  2008-04-29 10:13:23

• Davis + Henderson Reports First Quarter Results; Announces Intention to Increase Distributions (CNW Group via Yahoo! Finance)

  For the first quarter of 2008, Davis + Henderson today reported solid results that were consistent with management's expectations.
  2008-04-29 02:29:00

• Reverse mortgages -- Who is the winner? (The Payson Roundup)

  How would you feel about a mortgage where you lose equity in your home every month? This is the basic premise behind a reverse mortgage. What is a reverse mortgage?
  2008-04-29 03:43:59

• H&R Block Incorporated - Chicago Tribune

  Wal-Mart Stores Inc. shrugged off weak consumer spending to remain atop the 2008 Fortune 500 list, edging out Exxon Mobil Corp. for the second straight year in the magazine's annual ranking of the nation's largest publicly traded companies. Fortune ...
  2008-04-29 08:37:00

• Fed needs tough chief in Paul Volcker mould - Financial Times

  What got us into our financial pickle? Most academics are prisoners of the Efficient Market Hypothesis that assumes man acts rationally and efficiently in economic matters in ways that can be caught in elegant mathematical models. Ben Bernanke ...
  2008-04-29 12:34:00

• Americans Lose Confidence - Forbes

  Americans feel downright morose about their economy, and housing problems are likely to extend that sinking feeling. On Tuesday, the Conference Board reported a sharp decline in April in its Consumer Confidence Index following a plunge in March. The ...
  2008-04-29 08:30:00

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