Mortgage and Financial News From 2008-3-11 Page 16

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  • Economists see US avoiding recession (WTHR Indianapolis)

    The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report.
    2008-03-11 07:53:03
  • Bovis calls for action on borrowing costs

    The Independent - For the year as a whole, unless decisive action is taken now to reduce interest rates and more normal conditions return to the mortgage market, it is ... comments coming from the group's management in relation to the outlook for 2008 will only ...
    2008-03-10 03:46:00
  • Asia-Pacific Bond Risk Surges as Borrowing Conditions Tighten

    Bloomberg - Banks have increased the interest rate they charge each other on concern that ... People are sidelined because even if the market rallies, it only lasts for one ... Bear Stearns, the second-biggest underwriter of mortgage- backed bonds, said in a ...
    2008-03-11 02:12:00
  • Many ideas, but few are helping fix mortgages

    San Diego Union-Tribune - Our friends in Washington are taking the “kitchen sink” approach to the Great American Mortgage Crisis: ... Although cuts in principal could be problematic, Frank's bill is only one indication of the renewed interest in the FHA.
    2008-03-09 07:00:00
  • Broker groups, sites: We're on borrower's side

    Chicago Tribune - The site allows anonymous and direct access to wholesale rates usually available only to mortgage professionals, who then ... The figures include closing costs and monthly payments (principal and interest only)
    2008-03-09 06:53:00
  • Bank of America stands by purchase

    Worcester Telegram & Gazette - ... ahead with its $4 billion takeover of Countrywide Financial Corp., the mortgage ... Advisors LLC, which oversees $2 billion. “It’s in everyone’s best interest ... The only reason the stock isn’t trading lower is the perception of heavy ...
    2008-03-11 01:36:00
  • Know the Bull Angle, but Don't Buy It

    Street.Com - ... it will have an effect. ISI points to 16 notable policy moves including interest ... latest talk out of Washington for a $35-billion federal bailout program for mortgage ... In my last column, I mentioned that the only investment I favored -- based on ...
    2008-03-11 03:59:00
  • Anthracite Capital Reports Fourth Quarter Operating Earnings of $0.31 ...

    CNBC - Only 18% of the Company's total borrowings are subject to mark-to-market ... The Company's recent vintage commercial mortgage-backed securities ("CMBS") (2005 ... experienced spread widening as well but this was offset by lower market interest ...
    2008-03-11 03:59:00
  • Mortgage lenders see more borrowers give up

    USA Today - ... hit New Orleans, the stories I hear. … Wells Fargo offers solutions on the mortgage side, but on the personal side, you can only ... interest-rate freeze, borrowers would have to be facing a 10% increase in their mortgage payment once their interest ...
    2008-03-08 03:56:00
  • Forex - Euro just off record high against dollar on strong ZEW survey

    CNN Money - BCS) Capital said his comments show he's unlikely to support any cut in euro zone interest rates in the near term. 'Mr Weber has not only repeated ... These include the Fed purchasing mortgage-backed securities issues and offering to lend directly to ...
    2008-03-11 05:39:00
  • Media Sales Representative

    Local - Only four percent of households paying variable interest rates on part or all of their mortgage said they planned to switch to a fixed rate during the next three months.
    2008-03-11 03:59:00
  • Name to blame over mortgage hate-mail

    News.com.au - A MORTGAGE firm has received threatening phone calls, abuse and even a letter ... work harder? 4. Recession fears wipe $22bn off market 5. Fraud insurance only for ... Recession fears wipe $22bn off market Home lending: CBA pain comes with interest Loans ...
    2008-03-10 07:35:00
  • Forex - Dollar rises against yen on reports Fed looking to shore up ...

    Forbes - The Fed is widely expected to cut US interest rates by 75 basis points when it meets ... These include the Fed purchasing mortgage-backed securities issues and offering to ... The only major US release due out today is the January trade balance, which is ...
    2008-03-11 02:40:00
  • Number of homebuyers falls to nine-year low

    Guardian Unlimited - ... day surveyors reported a slump in demand for properties , the Council of Mortgage ... Not only are the volume of mortgages falling sharply, but loan-to-value ratios ... competitive rates on discount and tracker mortgages and hopes of further interest ...
    2008-03-11 05:04:00
  • Home Market Won't Be Buoyed by New Mortgage Caps: John F. Wasik

    Bloomberg - In contrast, only Athens, Ohio, appears for that state on the mortgage purchasers' list. ... The affordability crunch was one of the reasons homeowners got into interest-rate-sensitive loans ...
    2008-03-10 04:22:00