Mortgage and Financial News From 2008-3-11 Page 10

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  • Treasurys fall as Fed ramps up liquidity

    Boston Globe - ... bills to primary dealers through four-week auctions, a marked change from a current ... will accept a broad range of collateral, including federal agency debt and mortgage ... ways to boost liquidity beyond the conventional tactic of cutting interest rates.
    2008-03-11 12:06:00
  • New York Mortgage Trust Announces Steps to Reduce Leverage

    MSN MoneyCentral - NEW YORK, March 11 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (OTC ... looking statements, including, without limitation, that a rise in interest rates ... The information set forth in this news release represents management's current ...
    2008-03-09 05:59:00
  • Bonds dive as Fed conjures up new bank bailout

    Reuters - ... some of the very assets that have been at the heart of this crisis, including agency and mortgage ... The Fed has slashed official rates from 5.25 percent in September, down to the current 3 percent. Continued.
    2008-03-11 09:43:00
  • Fed to Lend $200 Billion More to Ease Market Strain

    New York Times - ... new program, money will be lent for 28 days and the central bank will accept nongovernment mortgage-backed securities — the source of the current ... through a new auction program that allows financial firms to take out loans at wholesale rates.
    2008-03-11 09:57:00
  • Fed moves to boost liquidity buy time on interest rates UPDATE

    Forbes - ... think the moves may relieve some of the pressure on the Fed to cut interest rates ... Fed's facility literally is able to handle all of the agency securities and mortgage ... The ECB swap agreement will increase to up to 30 bln usd from the current 10 bln ...
    2008-03-11 12:13:00
  • Treasuries Fall as Fed to Accept Mortgage Debt as Collateral

    Bloomberg - The difference in yields on the Bloomberg index for Fannie Mae's current-coupon, 30-year fixed-rate mortgage bonds and 10- year government notes ... Three-month Treasury bill rates rose 12 basis points to 1.45 percent, the biggest increase since Feb. 4.
    2008-03-11 09:57:00
  • Fed's Loan Program Provide Little Aid to Agency Mortgage Bonds

    Bloomberg - The difference in yields on the Bloomberg index for Fannie Mae 's current-coupon, 30-year fixed-rate mortgage bonds and 10- year government notes ... Prices for agency securities backed by adjustable-rate mortgages with at least three years of fixed rates ...
    2008-03-11 11:09:00
  • Fitch Rates Northern States Power-Minnesota First Mortgage Notes 'A+'

    Forbes - Business Wire - Press Release Fitch Rates Northern States Power-Minnesota First Mortgage Notes 'A+ ... The current ratings and outlook for NSPM reflect the company's strong credit metrics and supportive ...
    2008-03-11 10:04:00
  • Defensive banks pull their purse strings tighter (Business Standard India)

    The credit crisis has entered a new phase on both sides of the Atlantic, with banks going on the defensive and sharply curtailing their support of trading in the capital markets.
    2008-03-11 11:58:10
  • Michigan Legislature Splits Along Party Lines On Property Taxes (Michigan Technology News)

    LANSING - In separate press conferences across the state Monday, House Democrats said their legislation enacting an 18-month moratorium on the pop-up tax that occurs when a home is sold should be sent to the governor's desk in order to spur the housing market. Conversely, House Republicans said their plan to restrict property tax hikes when a home's value goes down is a better way to go.
    2008-03-11 12:06:30
  • Fed moves to boost liquidity buy time on interest rates UPDATE (The Forex Market)

    WASHINGTON (Thomson Financial) - The Federal Reserve today announced a series of coordinated actions with other central banks to help relieve liquidity pressures in funding markets, and while analysts think the moves may relieve some of the pressure on the Fed to cut interest rates, the effect may only be buying a limited amount of time.
    2008-03-11 12:08:43
  • (AFX UK Focus) 2008-03-11 19:05 GMT: Fed moves to boost liquidity buy time on interest rates UPDATE (Interactive Investor)

    (Recasts, updates with analyst reactions)
    2008-03-11 12:28:33
  • UCLA Anderson: Economy situation doesn't meet definition of 'true' recession (PhysOrg)

    In its first quarterly report of 2008, released March 11, the UCLA Anderson Forecast remains confident that the national economy was not in a recession through January 2008 and continues to forecast weak growth but no official recession in 2008.
    2008-03-11 12:37:15
  • Fed to Lend $200 Billion More to Ease Market Strain (NYTimes.com via Yahoo! Finance)

    The Federal Reserve said it would inject liquidity into the markets by lending Treasury securities and increasing currency swap lines with central banks.
    2008-03-11 12:39:06
  • Housing groups confer on crisis

    Baltimore Sun - ... new funding programs in the next few months to help homeowners refinance out of loans they can't afford. It is also planning to help homeowners catch up on their mortgage payments with no-interest loans, which would be paid off when the home is sold ...
    2008-03-10 03:06:00