Mortgage and Financial News From 2008-2-19 Page 9

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• Duff & Phelps Investment Management Co. Provides Information on Preferred Share Auctions (wallstreet:online AG)

  Duff & Phelps Investment Management Co. today commented on the disruptions in the short-term fixed
  2008-02-19 03:05:18

• Ski trip boy, 12, dies saving his friend from fall (Evening Standard)

  A boy of 12 who fell 30ft to his death on a school skiing trip in the Austrian Alps lost his life as he saved a friend.
  2008-02-19 03:28:05

• Miami condos are "for sale" for foreign buyers (Reuters via Yahoo! News)

  Canadian retiree Sheldon Kovensky felt the lure that attracts so many foreign buyers to sunny Florida these days -- falling prices for luxurious oceanfront condos that can be bought with weak U.S. dollars.
  2008-02-19 04:17:44

• Banks and building societies rush to get out of 125 per cent mortgages (Independent)

  Four providers have rushed to abandon their 125 per cent mortgages as the credit crunch and faltering house prices take hold.
  2008-02-19 05:01:47

• Lenders scrap 125% mortgage deals (Guardian Unlimited)

  Business & money: Three lenders pull 'irresponsible' mortgages after Northern Rock comes under fire over similar deals
  2008-02-19 05:13:52

• Northern Rock borrowers told to go away (Daily Telegraph)

  Northern Rock is advising customers to seek new mortgages with rivals as it attempts to shrink its loan book dramatically.
  2008-02-19 05:21:15

• Three lenders scrap 125% mortgage deals as criticism increases (Money Observer)

  Three mortgage lenders yesterday pulled the plug on deals that allow home buyers to borrow as much as 125% of a property's value - the day after Northern Rock came under fire for offering similar deals.
  2008-02-19 05:23:47

• Help wanted: Bank seeks to fill jobs in collections (Stamford Advocate)

  Unlike other lenders, officials from Stamford-based First County Bank said they've had limited exposure to the nation's subprime mortgage crisis and credit crunch.
  2008-02-19 05:41:52

• Marriage and war spawn 10-year virus outbreak (ZDNet Australia)

  The most significant changes to IT security have come from sociological shifts such as young virus writers finding love or seeking employment after international wars, says a security veteran.
  2008-02-19 06:00:31

• Advertisement starts (Tiscali)

  at around 635 pence or 7.9 billion pounds, based on the value of the two companies shares shortly after the regulators’ decisions were released. Shares in Reuters, which were trading around 605p ahead of the announcement, were up 1 percent at 612 pence at 3 p.m. British time.
  2008-02-19 06:38:42

• Silicon Valley Losing Middle-Wage Jobs (NYTimes.com via Yahoo! Finance)

  Silicon Valley is in danger of creating its own digital divide; the California high-tech region is losing its middle-class work force at a significant rate.
  2008-02-19 06:39:59

• Stocks Close Lower Amid Inflation Fears (NYTimes.com via Yahoo! Finance)

  Wall Street gave up a big early advance after oil prices closed above $100 for the first time and stoked fears that inflation will stymie an already troubled economy.
  2008-02-19 06:40:00

• Examiner.com Related Articles: (The San Francisco Examiner)

  Wilkes, 53, was immediately taken into federal custody. He was convicted in November on 13 counts of bribery, conspiracy, wire fraud and money laundering.
  2008-02-19 05:06:23

• p0744 BC-CongressmanBribery 2ndLd-Writethru 02-19 0668 (Hays Daily News)

  Eds: ADDS quotes from hearing.
  2008-02-19 05:07:51

• IMF Executive Board Concludes 2008 Article IV Consultation with the Dominican Republic (IMF)

  On January 14, 2008, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Dominican Republic. 1
  2008-02-19 05:30:43

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