Mortgage and Financial News From 2008-4-21 Page 2

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• European Stocks Fall, Led by Air France, Royal Bank, Barclays (Bloomberg.com)

  April 21 (Bloomberg) -- European stocks fell as record oil prices hurt earnings prospects for airlines and carmakers and a slowing housing market weighed on Schneider Electric SA's sales.
  2008-04-21 08:07:24

• (AFX UK Focus) 2008-04-21 15:44 GMT: ROUNDUP Bank Millennium Q1 net profit jumps, shares fall on mortgage worries (Interactive Investor)

  WARSAW (Thomson Financial) - Polish Bank Millennium beat forecasts with a 51 percent jump in first-quarter earnings thanks in part to a provision release, but signs of the slowdown in the the country's red-hot mortgage market drove its stock lower.
  2008-04-21 08:08:05

• (AFX UK Focus) 2008-04-21 15:45 GMT: THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 BST (Interactive Investor)

  2008-04-21 15:20:09 BoE unveils 50-bln-pound banking asset swap scheme
  2008-04-21 08:08:55

• Bank of America's profit drops 77% (WFMJ Youngstown)

  CHARLOTTE, N.C. (AP) - Bank of America is the latest big bank to report on the impact of the housing slump and credit crisis. The Charlotte-based bank says its quarterly profit was down 77% from a year earlier.
  2008-04-21 08:09:41

• How to Win in Today's Housing Market (Carteret County News-Times)

  (ARA) - For all the dire news coming out of the housing market, there's a big, shiny silver lining waiting for many homeowners and home buyers. The Federal Reserve has repeatedly dropped interest rates in the past month - good news for anyone seeking a mortgage.
  2008-04-21 02:28:07

• TransUnion.com Quarterly Auto Lending Analysis Finds Areas With Large Population Growth Also Have Greatest Levels of ... (PR Newswire via Yahoo! Finance)

  An analysis of trends in the auto lending industry during the fourth quarter of 2007 was made available today on TransUnion.com.
  2008-04-21 03:05:00

• Yen Declines for Sixth Day as Stock Rally Boosts Carry Trades (Bloomberg.com)

  April 21 (Bloomberg) -- The yen fell for a sixth day against the euro as Asian stocks rallied and the risk of European companies defaulting on their debts dropped, prompting investors to buy higher-yielding assets with funds from Japan.
  2008-04-21 03:16:27

• Empty office space a sign Hawaii's economy weakening (Honolulu Advertiser)

  Businesses vacated a big chunk of O'ahu office space in the first three months of the year, marking a third consecutive
  2008-04-21 04:07:22

• U.K. Rightmove Home Prices Drop on Dearth of Credit (Update2) (Bloomberg.com)

  April 21 (Bloomberg) -- U.K. house prices fell in April, led by London and the northwest of England, as the seizure in credit markets starved homebuyers of mortgages, Rightmove Plc said.
  2008-04-21 04:07:35

• Advertisement starts (Tiscali)

  emergency, mainly three month, liquidity to banks.
  2008-04-21 05:03:50

• Stubborn inflation to climb higher (Independent Online)

  Consumer inflation is expected to edge closer to 10 percent in March, as the measure remains stubbornly above the Reserve Bank's target for the twelfth month in a row.
  2008-04-21 05:34:41

• Britain unveils plan to help banks with credit crunch (Khaleej Times)

  LONDON - The Bank of England moved to ease the effects of a credit crunch on the UK's banking system on Monday by offering to swap secure government bonds for riskier mortgage debt.
  2008-04-21 06:11:55

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