Mortgage and Financial News From 2008-3-9 Page 2

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  • Shop carefully for savings rates (Detroit News)

    Q .My husband just received a bonus and, after paying off our credit cards, we have $20,000 left over. We are saving up for the down payment on a house, so we would like to get the best interest rate possible. We have at least 18 months before we will be able to purchase a home.
    2008-03-09 10:42:28

  • Oakland's OneCalifornia bank aims to forestall home foreclosures

    East Bay Business Times - ... months after launching a $1 million fund to help homeowners facing higher mortgage ... loan to an amount that gives the borrower a chunk of equity based on the current ... more than 1.5 million loans are scheduled to reset to higher interest rates.
    2008-03-06 03:58:00

  • After more dismal news, the heat again is on Bernanke

    Globe and Mail - ... for only the fourth time since 1994 – and to little avail, judging by the current economic environment. “After all, isn't the new strategy to cut rates eight ... As if that is going to stop Citigroup from paring its mortgage lending unit by 20 per ...
    2008-03-07 03:14:00

  • Fed to Make $200 Billion Available to Lenders

    Washington Post - The long-term issue, he said, may be "to what extent is our current situation a result of Bushonomics? ... invest to create jobs, and impose a 90-day moratorium on foreclosures and a five-year freeze on subprime mortgage interest rates.
    2008-03-07 10:02:00

  • Dow Has Lowest Close Of 2008

    Forbes - ... March Term Auction Facility prior to the report's release, suggesting the current ... Expectations that the Fed will continue taking the ax to interest rates did ... In the afternoon, Thornburg Mortgage (nyse: TMA - news - people ...
    2008-03-06 03:58:00

  • Your letters

    St. Petersburg Times - I have been a mortgage loan officer in Pinellas County for more than 25 years. ... Also, the speaker seems to be lobbying outright for the current insurance carriers. ... In January, the Federal Reserve cut rates twice, totaling 1.25 percentage points ...
    2008-03-08 08:06:00

  • T-bond yields raise fears

    Baltimore Sun - ... which has also sent bond yields plunging to multiyear lows, was fed first by fallout from the subprime mortgage ... He expects that trend to accelerate, driving long-term rates well above their current paltry levels.
    2008-03-06 03:58:00

  • Real Estate Matters

    Washington Post - Last year, Detroit led the United States in foreclosure rates, with close to 5 percent of its households ... recorded documents; a copy of the deed with the current homeowners' names; the last recorded first mortgage, so you know how much the current ...
    2008-03-07 08:00:00

  • Bond Insurer Crisis: A Golden Goose Egg

    Insurance News Net - ... to raise money. But companies like ACA and MBIA got into trouble after they insured mortgage-backed securities that collapsed as a result of the current ... the credit rating of their bonds and ultimately allow them to borrow at more favorable rates ...
    2008-03-09 08:58:00

  • A Step In The Right Direction In Regard To Mortgage In Egypt

    HULIQ.com - ... is, by providing cheaper and longer term maturities the economical capital should lead to lower interest rates for the mortgage ... Additional figures released earlier in the year shows that with a current population of 75 million, and a 2% annual ...
    2008-03-07 03:57:00

  • Stock & fund quotes

    ninemsn - ... which might deliver a rate cut as large as 75 basis points from the current 3 percent. Data from New Zealand government agency Quotable Value showed the growth in house prices slowing for the six straight month in February as rising mortgage rates ...
    2008-03-09 09:34:00

  • GLOBAL ECONOMY WEEKAHEAD-Hold on tight, more credit bumps appear

    Forbes - The triggers for their flight included news that a U.S. mortgage company and a Dutch ... Silvia said the current problems reflect a loss of confidence rather than a lack of ... Even with those reductions in short-term interest rates in place, financial ...
    2008-03-09 12:08:00

  • NZ house price growth eases for 6th month in Feb

    Economic Times - ... taking a breather, and we expect this will continue given the current market conditions," QV spokesman Blue Hancock said in a statement. "It looks like we may be in for a sustained period of less activity in the property market." Mortgage rates ...
    2008-03-09 08:58:00

  • ANZ place rate cuts earlier than expected (NZPA via Yahoo!Xtra News)

    Wellington, March 10 NZPA - A bearish economic outlook has prompted the ANZ to suggest the Reserve Bank could cut interest rates sooner than expected -- but adds it may not help home owners.
    2008-03-09 08:11:46

  • Buyers jump into murky housing market (North County Times)

    OCEANSIDE -- Julie Beck stood in a three-bedroom Oceanside house and imagined calling it home. She had wanted a home for years but could not afford it.
    2008-03-09 08:50:04

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