Mortgage and Financial News From 2008-3-9 Page 12
Previous Day: 2008-03-08
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Recession fears rise as firms slash jobs
Boston Globe - Meanwhile, the Mortgage Bankers Association reported a record number of American ... Reserve said homeowner equity, battered by sliding home prices, fell to the lowest ... Economists expect the Fed to cut rates again, perhaps by three-quarters of a point ...
2008-03-08 06:37:00 -
US home foreclosures hit record
News.com.au - ... repossessions hit a record high last year amid a shakedown in the subprime mortgage ... the percentage of equity that Americans have in their homes sank to the lowest ... Reserve is trying to light a fire under housing demand by cutting short-term rates
2008-03-06 03:58:00 -
U.K. Gilts Post Biggest Weekly Gain in Decade on Credit Losses
Bloomberg - The advance pushed two-year yields to the lowest level since July 2003 as corporate ... Carlyle Group's mortgage-bond unit was suspended from trading in Amsterdam, sparking ... on broad-based dollar weakness and once the Bank of England didn't cut rates, that ...
2008-03-07 08:47:00 -
US stocks set to fall before key jobs figures
Reuters - Record high credit spreads, record rates of U.S. mortgage foreclosures in late 2007 and news "jumbo" mortgage lender Thornburg Mortgage was in default pushed the Standard & Poor's 500 .SPX index to its lowest in 18 months on Thursday.
2008-03-06 03:58:00 -
Time to be honest: We've got money problems
Detroit Free Press - On Friday, U.S. stocks fell to the lowest point since October 2006. ... Some of the complex financial instruments, such as mortgage-backed securities, turned ... Many economists expect the Federal Reserve to cut rates by a half-point at the ...
2008-03-09 03:47:00 -
Treasuries Rise as Economy Unexpectedly Shed Jobs Last Month
Bloomberg - ... in February and traders speculated that the Federal Reserve may cut interest rates ... The two-year note yield touched 1.40 percent, the lowest level since July 2003 ... Carlyle Group's mortgage-bond fund was suspended in Amsterdam trading after creditors ...
2008-03-07 07:22:00 -
Zapatero's Election Prospects May Hinge on Turnout (Update5)
Bloomberg - Still, the fallout from the U.S. subprime mortgage crisis and slowing growth in Europe began taking a toll on the ... Spain has one of the lowest birth rates in the world, yet the population has grown by more than 3 million since the last election ...
2008-03-09 08:48:00 -
TAKE NO CREDIT
New York Post - ... compared to the prior quarter, spreading fear that the mortgage meltdown contagion has moved up from the lowest ... Prakash, who said he felt that lower rates created by the Fed will not help the economy, called the mortgage market "dysfunctional ...
2008-03-09 01:07:00 -
10 easy ways to stretch your budget
Los Angeles Times - Fix mortgage rate If you have an adjustable-rate mortgage, refinance with a 30-year ... Last week, the lowest rate for a conforming 30-year fixed rate was 5.375 ... Be patient -- and pay attention, because rates could drop in the near future.
2008-03-09 09:16:00 -
Dow Has Lowest Close Of 2008
Forbes - Dow Has Lowest Close Of 2008 Steve Schaefer , 03.07.08, 4:20 PM ET ... Expectations that the Fed will continue taking the ax to interest rates did little ... In the afternoon, Thornburg Mortgage (nyse: TMA - news - people ...
2008-03-07 02:24:00 -
Treasury Three-Month Bill Rates Rise as Fed Increases Lending
Bloomberg - The rates on the short-term debt dropped to the lowest in 3 1/2 years after a government report showed the U.S. unexpectedly lost jobs in February ... Treasury, mortgage-backed and so called agency debt from its 20 primary dealers for a set period ...
2008-03-07 10:49:00 -
Stocks hit lowest levels in over a year
CNN Money - The Dow Jones industrial average ( INDU ) lost 1.2%, falling to its lowest point ... that the weak labor market would spur the Fed to aggressively cut interest rates ... Fortune 500 ) said late Thursday that it was shaking up its residential mortgage ...
2008-03-07 03:00:00 -
Share market eyes steep fall
News.com.au - On Wall Street on Friday stocks fell to close at their lowest level in 19 months ... Credit woes: Banks seize Coe's stake in Allco Interest rates: NAB warns of more ... Tony Blair’s new job theology lectu... 9. Coping with rate rises and mortgage stress ...
2008-03-09 01:27:00 -
SUSAN TOMPOR: Time to be honest: We've got money problems (Detroit Free Press)
We're knee-deep into the credit crunch and only one thing is certain: We're not as rich as we thought we were. And we must come clean and admit it.
2008-03-08 11:41:56 -
Australia's Home-Loan Approvals Probably Rose 1% in January (Bloomberg.com)
March 10 (Bloomberg) -- Australia's home-loan approvals probably rose in January, suggesting higher interest rates and turmoil on financial markets have failed to discourage borrowers.
2008-03-09 06:49:25
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