Study: Losses on new loans hit record highs

News  |  www.bizjournals.com | 3 hours 5 minutes ago

Mortgage companies nationwide lost an average of $560 on every loan they originated last year, according to the Mortgage Bankers Association’s 2008 cost study released Tuesday.

http://www.bizjournals.com/dayton/stories/2008/10/06/daily12.html?ana=from_rss

What's Next for Housing Values (SmartMoney Magazine)

News  |  www.smartmoney.com | 3 hours 58 minutes ago

What's next for housing prices where you live? Here's our exclusive forecast.

http://www.smartmoney.com/smartmoney-magazine/index.cfm?story=feb02-homevalues&cid=1122

Hudson City Bancorp, Inc. Announces Earnings Release Date

Press Release  |  www.prnewswire.com | 4 hours 13 minutes ago

PARAMUS, N.J., Oct. 7 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. (Nasdaq: HCBK), the holding company for Hudson City Savings Bank, will report the results of operations for the quarter ended September 30, 2008 on Wednesday, October 22, 2008.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-07-2008/0004899733&EDATE=

Bernanke's speech on economic conditions (CNNMoney.com)

News  |  biz.yahoo.com | 4 hours 26 minutes ago

Bernanke's speech on economic conditions. - Federal Reserve Chairman Ben Bernanke spoke Tuesday afternoon about current economic and financial conditions at the annual meeting of the National Association for Business Economics.

http://biz.yahoo.com/cnnm/081007/100708_bernanke_remarks.html?.v=1

Hudson City Bancorp, Inc. Announces Earnings Release Date - Zibb.com

Press Release  |  www.zibb.com | 3 hours 13 minutes ago

Hudson City Bancorp, Inc. (Nasdaq: HCBK), the holding company for Hudson City Savings Bank, will report the results of operations for the quarter ended September 30, 2008 on Wednesday, October 22, 2008. The earnings release, detailing the results of operations and financial condition of Hudson City

http://www.zibb.com/article/4116027/Hudson+City+Bancorp+Inc+Announces+Earnings+Release+Date

Bank of America to slash mortgage payments

News  |  money.cnn.com | Oct 6, 2008

A plan announced today by Bank of America will be the most aggressive foreclosure prevention effort ever undertaken by a U.S. bank.

http://money.cnn.com/2008/10/06/real_estate/Drastic_plan_slashes_mortgage_costs/index.htm

Behind-The-Scenes Banks Still Strong (STT, NTRS, BK)

News  |  community.investopedia.com | Oct 6, 2008

Custodial banks like Northern Trust and State Street have held up well, but there is still risk. We uncover the best of breed.

http://community.investopedia.com/news/IA/2008/Behind-The-Scenes_Banks_Still_Strong_STT_NTRS_BK.aspx

Teresa Hunter: Economy heads into eye of storm

News  |  business.scotsman.com | Oct 5, 2008

Teresa Hunter: Economy heads into eye of storm - THE UK economy is entering the eye of a storm as banks around the world are bailed out amid consumer panic, and families and companies feel the icy blast of the credit crunch at their doors.

http://business.scotsman.com/personal-finance/Teresa-Hunter-Economy-heads-into.4559460.jp

Credit Crisis

News  |  www.investopedia.com | Oct 3, 2008

Credit Crisis - Definition of Credit Crisis on Investopedia - A crisis which occurs when several financial institutions issue, or were sold through securitization, high-risk loans that start to default. As

http://www.investopedia.com/terms/c/credit-crisis.asp

Mortgage applications down 23% as refinancing filings dry up (at MarketWatch)

News  |  www.marketwatch.com | Oct 1, 2008

Mortgage applications plunge a seasonally adjusted 23.0% on a week-to-week basis as interest rates charged on fixed-rate mortgages hold essentially steady, Mortgage Bankers Association data show. The rate on one-year adjustable-rate mortgages jumps to 7.19%.

http://www.marketwatch.com/News/Story/Story.aspx?guid=CD02C5CF-3D96-4C1B-A6D1-0205BC456CDC&siteid=yhoof2

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