Mortgage and Financial News From 2008-3-9 Page 5

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  • Nation's troubled housing market goes from bad to worse

    San Francisco Gate - The Mortgage Bankers Association said foreclosures hit an all-time high in the final ... was due to a surge in cash-out refinancings, home-equity loans and lines of credit ... Nation's troubled housing market goes from bad to worse / Foreclosures hit ...
    2008-03-05 03:59:00

  • A Reverse Mortgage Mess?

    Washington Post - Borrowers receive a lump sum, monthly payments or a line of credit, and the loan comes due only when they ... Peter Bell, president of the National Reverse Mortgage Lenders Association, said the bad actors are fringe players, not the industry's ...
    2008-03-07 12:37:00

  • Aussie stocks extend falls on U.S. recession fears

    ninemsn - In more bad news from credit markets, mortgage lender Thornburg Mortgage said that its survival is at stake because it cannot meet its own lenders' demands for $610 million of cash or collateral [ID:nN07344671]
    2008-03-09 04:47:00

  • Mortgage Foreclosures Reach All-Time High

    Washington Post - Dragged down by bad news from the mortgage sector and fears of a worsening credit crisis, the Dow Jones industrial average of 30 blue-chips stocks plunged 214.60 points, or 1.8 percent, to 12,040.39.
    2008-03-04 03:53:00

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-09 05:06:05

  • Downturn tests Fed on averting a crisis (The Sarasota Herald-Tribune)

    In the last seven months, policymakers have cut interest rates, injected money into the banking system and approved a fiscal stimulus package in an effort to keep the economy from slipping into a recession. Often, the moves seemed to work at first, only to be overtaken by more bad news.
    2008-03-09 05:47:13

  • Can stocks rally back from 2008 low? (USA Today)

    It's test time on Wall Street. The question: Can the stock market right itself after falling below its January low a level analysts say is a key level of support, or floor, that cannot be breached?
    2008-03-09 06:25:59

  • More credit bumps appear (TVNZ)

    Another bout of indigestion is building in global credit markets as skittish investors fearful of the next disaster seek safer havens. But this time, central bankers have less ammunition to combat it.
    2008-03-09 07:14:27

  • UPDATE: Market Downturn Opens Door To More Takeover Battles (Nasdaq)

    NEW YORK (Dow Jones) -- The deep chill on Wall Street is heating up unsolicited takeovers, with companies bearing solid balance sheets pouncing on the depressed stocks of reluctant targets at a rate now outpacing what the market witnessed a year ago.
    2008-03-09 07:22:06

  • MARKET SNAPSHOT: U.S. Stocks Brace For More Volatility Next Week (Nasdaq)

    NEW YORK (Dow Jones) -- U.S. stocks are poised for more volatility and losses next week, with investors digesting the past week's turbulence, including further evidence suggesting that the U.S. economy is in recession and that the credit crisis shows no signs of abating.
    2008-03-09 07:22:46

  • News Of The Day (And Weekend)

    New York Daily News - A critic can find numerous examples of incredible, bubble-popping asset structures – from subprime mortgages to structured investment vehicles to collateralised debt obligations squared – that are threatening to reverse the expansion of the ...
    2008-03-03 03:55:00

  • Corrections and clarifications

    Milwaukee Journal Sentinel - Chisholm's first year in office incorrectly stated that a proposal for a drug-treatment court would reverse the policy of ... M&I said it doesn't originate subprime mortgages. In December, M&I said it would increase loan loss reserves by as much as ...
    2008-03-05 12:07:00

  • North Hampton

    Portsmouth Herald - Quackenbush - 2/28/2008 Reaching out, an hour at a time - 2/27/2008 Free seminars on reverse mortgages - 2/26/2008 School officials discuss North Hampton NECAP results - 2/26/2008 No. Hampton candidates: Robert Field, School Board - 2/26/2008 Sandy Dewing ...
    2008-03-03 03:55:00

  • Thornburg Mortgage Plunges On Downgrades, Bankruptcy Fear - Update ...

    RTT News - Thornburg focuses on mortgages used to buy more expensive homes. Thornburg said on Monday that it has received an additional $270 million of margin calls on its reverse repurchase agreement borrowings since February 28, triggered by further continued ...
    2008-03-05 03:59:00

  • Latest News

    dBusinessNews.com - ... act as a broker or banker providing a comprehensive array of loan products, including 1 st and 2 nd mortgages, home equity lines of credit; cash out refinances, and debt-consolidation loans. They also have opportunities to offer FHA and Reverse Mortgages ...
    2008-03-08 02:08:00

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