Mortgage and Financial News From 2008-7-22 Page 5

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• Fitch Rates Kentucky Turnpike Authority´s $200MM Bonds ´AA-´ Underlying (wallstreet:online AG)

  Fitch Ratings assigns an ´AA-´ underlying rating to approximately $200 million Turnpike
  2008-07-22 02:17:17

• IndyMac says most executives left, CEO Perry stays - San Diego Union-Tribune

  NEW YORK – IndyMac Bancorp Inc said Tuesday all executive officers except for Chief Executive Michael Perry have resigned or left the company as a result of federal regulators' seizure on July 11 of the mortgage specialist's IndyMac Bank unit. In a ...
  2008-07-22 11:08:00

• Dynex Capital, Inc. Announces Second Quarter 2008 Results (wallstreet:online AG)

  Dynex Capital, Inc. (NYSE:DX) reported its results today for the second quarter of 2008. The Company
  2008-07-22 02:17:37

• Fitch Affirms Arlington, Texas´ Special Tax Bonds (Dallas Cowboys Complex) at ´A´ (wallstreet:online AG)

  Fitch Ratings has affirmed its ´A´ rating on the Arlington, Texas (the city) $298 million
  2008-07-22 02:17:46

• Bank of Virginia Announces Second Quarter and Year-to-Date Earnings (PrimeNewswire via Yahoo! Finance)

  MIDLOTHIAN, Va., July 22, 2008 -- Frank Bell, III, President and Chief Executive Officer of Bank of Virginia announced the Bank's second quarter 2008 financial performance today.
  2008-07-22 02:19:00

• Mortgage lenders cut rates - Daily Mirror

  Millions of homeowners are in for some welcome news - and a little extra cash - as major lenders cut their mortgage rates. Halifax has trimmed charges twice in a week and the trend seems to have continued with the Woolwich following suit yesterday ...
  2008-07-22 11:58:00

• STMicroelectronics Reports 2008 Second Quarter and First Half Revenues and Earnings (PR Newswire via Yahoo! Finance)

  STMicroelectronics reported financial results for the 2008 second quarter and six months ended June 28, 2008.
  2008-07-22 02:19:00

• Dollar drops on retail sales; bonds ease (The Globe and Mail)

  TORONTO (Reuters) - The Canadian dollar fell 0.7 percent against the U.S. dollar on Tuesday on weaker-than-expected retail sales data for May and a widespread rally in the greenback against major currencies.
  2008-07-22 02:19:15

• Financial Times - Financial Times

  Paragon, the struggling buy-to-let mortgage lender, said on Tuesday it had received takeover approaches from several groups, sending its shares up 22 per cent. Blackstone, the US private equity group, is among the bidders, which appear to be calling ...
  2008-07-22 11:51:00

• The 3 Ps Lifting the US Dollar (Daily FX)

  • Is the Euro Overvalued? • Will the Bank of England Minutes Crush the British Pound? The US dollar has strengthened against all of major currencies thanks to 3 Ps – Pau lson, Plosser and the price of oil.
  2008-07-22 02:20:16

• Lucky Morgan Stanley - bbc

  Morgan Stanley looks to be a very lucky bank indeed. On Friday, after the 11am close of the HBOS rights issue, it received orders in colossal size from hedge funds which were covering their respective short positions in the stock of the mortgage bank ...
  2008-07-22 05:32:00

• IKB share sale postponed - MSN MoneyCentral

  FRANKFURT, Germany (AP) - IKB Deutsche Industriebank AG, a German lender badly hit by the U.S. subprime mortgage crisis, said Tuesday it had postponed its planned 1.25 billion euros (nearly $2 billion) share sale, preferring to wait for a ruling by ...
  2008-07-22 08:52:00

• US mortgage firm bailout could cost $33b (Stuff)

  A Bush administration plan to support Fannie Mae and Freddie Mac could cost US taxpayers US$25 billion (NZ$33.27 billion), congressional analysts said in a report that fuelled debate as Congress took steps to approve a housing market rescue package.
  2008-07-22 01:53:54

• Television - World (Scoop.co.nz)

  It has been revealed former Bosnian Serb leader Radovan Karadzic lived a life of relative freedom while evading authorities hunting him for horrific war crimes.
  2008-07-22 02:10:47

• Southwest Georgia Financial Corporation Announces Earnings for the Second Quarter of 2008 (wallstreet:online AG)

  Southwest Georgia Financial Corporation (AMEX: SGB), a full service community bank holding company,
  2008-07-22 02:17:26

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