Mortgage and Financial News From 2008-5-12 Page 8

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• Wachovia to review controls, risk management (Philadelphia Business Journal)

  Wachovia Corp. plans to hire a third-party firm to review its internal controls and risk-management processes, CEO Ken Thompson said during an investor conference Monday. (WB)
  2008-05-12 01:34:35

• Beverly Hills Bancorp Announces First Quarter 2008 Results (wallstreet:online AG)

  Beverly Hills Bancorp Inc. (the "Company" or "BHBC") (NASDAQ:BHBC), the parent
  2008-05-12 01:35:40

• MBIA Posts $2.4 Billion Loss for 1st Quarter (NYTimes.com via Yahoo! Finance)

  The loss, amid a credit crisis that has roiled the subprime-based instruments that MBIA had insured, is a stark reversal from the $198.6 million it earned at the same time last year.
  2008-05-12 01:36:48

• San Francisco (The San Francisco Examiner)

  WASHINGTON , May 12 /PRNewswire-USNewswire/ -- Most baby boomers say they are financially unprepared for a potential disability, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP). Baby boomers would have difficulty paying bills and many would have to tap into their retirement savings if a disability occurred.
  2008-05-12 01:36:51

• Marshall & Ilsley Corporation to Present at Baird's 2008 Growth Stock Conference (PR Newswire via Yahoo! Finance)

  Marshall & Ilsley Corporation will present at Baird's 2008 Growth Stock Conference at 7:45 a.m. Thursday, May 15, at the Four Seasons Hotel in Chicago, Ill.
  2008-05-12 01:50:00

• The Nasdaq Composite paces gains by tacking on 1.7 percent, E*Trade Financial (ETFC) makes headlines (Schaeffers Research)

  The morning kicked off with a substantial loss from Sprint Nextel (S) and a profit warning from FedEx (FDX), along with news of a massive earthquake in China and earnings from MBIA (MBI)...( Read More )
  2008-05-12 01:54:07

• MBIA Rises After Loss Is Narrower Than Some Estimates (Update2) (Bloomberg.com)

  May 12 (Bloomberg) -- MBIA Inc. , the ailing bond insurer, rose in New York Stock Exchange trading after saying it will pump $900 million into its insurance unit and reporting a first- quarter loss that was narrower than some analysts' estimates.
  2008-05-12 01:58:51

• Find the Best Deal on Refinancing Your Home (Richfield Reaper)

  (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
  2008-05-12 12:45:42

• HSBC shares rise as bank beats fears (The Herald)

  HSBC Holdings, Europe's biggest bank by market value, said yesterday that it has set aside a smaller-than-estimated $3.2bn (£1.6bn) for bad loans related to its US consumer finance business and said first-quarter profit increased.
  2008-05-12 12:47:55

• Earnings Outlook: Freddie Mac earnings seen taking hit in first quarter (Market Watch)

  Mortgage-finance giant Freddie Mac is expected to take a hit in the first quarter of the year, putting it in the same leaky boat as its sister institution, Fannie Mae.
  2008-05-12 01:07:39

• IndyMac Predicts 2008 Losses (US News & World Report)

  Mortgage lender reports red ink as mortgage-based securities fall in value.
  2008-05-12 01:08:22

• Will Bush Join the Housing Bailout Bunch? (US News & World Report)

  Mortgage legislation keeps moving forward as the White House threatens a veto.
  2008-05-12 01:09:12

• Mortgage cos. reveal damage from housing crisis (INO News)

  (AP:NEW YORK) Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
  2008-05-12 01:51:30

• SIRVA Emerges from Bankruptcy (PR Newswire via Yahoo! Finance)

  SIRVA, Inc., a global relocation services provider, announced that its Plan of Reorganization became effective today, ending its Chapter 11 case and marking the Company's emergence from bankruptcy.
  2008-05-12 01:54:00

• Australian Annual Wages Probably Accelerated, Survey Shows - Bloomberg

  May 13 (Bloomberg) -- Australian wages probably accelerated in the first quarter to a record annual pace, underlining the central bank's concern that rising salaries may stoke inflation. Hourly rates of pay excluding bonuses gained 1.1 percent from ...
  2008-05-12 12:33:00

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