Mortgage and Financial News From 2008-3-11 Page 17

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• Homeowners must work with lenders

  Port Huron Times-Herald - The freeze allows eligible mortgage holders to pay only their lower, introductory interest rate. The Michigan Legislature is working on a plan for similar relief with fixed-rate loans through the Michigan Housing Development Authority.
  2008-03-11 03:23:00

• UK house purchase loans fall to 50,300 in Jan vs 62,000 in Dec - CML ...

  Forbes - ... amid a slowing economy and tighter credit conditions, the Council of Mortgage ... The only corner of the property market that remained buoyant was re-mortgaging ... rate products towards trackers, reflecting consumer expectations of further interest ...
  2008-03-11 03:09:00

• Many more going bankrupt

  Boston Globe - ... surged 22 percent in Massachusetts this year, as more people are unable to afford their rising mortgage ... In an economy like we have now, it's often the only alternative," he said. A flood of interest rate resets on adjustable mortgages triggered a ...
  2008-03-11 05:04:00

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

  Does it make sense to borrow more money against your home?
  2008-03-11 05:09:36

• Sarasota Memorial Hospital Exemplifies Subprime Problem (The Tampa Tribune)

  The subprime mortgage meltdown's ripple effect has reached even health care, costing Sarasota Memorial Hospital $1.2 million and counting in unexpected expenses.
  2008-03-11 05:10:54

• Number of homebuyers falls to nine-year low (Guardian Unlimited)

  Council of Mortgage Lenders says the number of loans for purchases fell by 19% between December and January
  2008-03-11 05:13:12

• Home loans fall to nine-year low (Guardian Unlimited)

  Business & money: Council of Mortgage Lenders says number of loans for purchases fell by 19% between December and January
  2008-03-11 05:28:22

• Record fuel prices blow budgets (USA Today)

  The average price of gasoline set a record Monday, joining the prices of oil and diesel fuel in high-price territory that threatens an already shaky U.S. economy.
  2008-03-11 05:31:37

• Tuesday's Stock to Watch: EXPT! March 11, 2008 (Marketwire via Yahoo! Finance)

  Stock Market Alerts' performance stock list includes: Expert Group, Inc., MoneyGram International, Inc., Alesco Financial Inc., Impac Mortgage Holdings, Inc..
  2008-03-11 05:40:00

• Forex - Euro just off record high against dollar on strong ZEW survey (The Forex Market)

  LONDON (Thomson Financial) - The euro was trading just off its all-time record high against the dollar following a stronger-than expected German economic sentiment survey.
  2008-03-11 05:55:23

• Goldman Sachs downgrades WellPoint (WLP); Boeing (BA) to file formal complaint on Air Force deal (Schaeffers Research)

  U.S. futures are higher this morning, indicative of a potentially positive start to the regular session of trading...( Read More )
  2008-03-11 05:56:41

• Sovereign Wealth Messiahs (Ludwig von Mises Institute)

  In the wake of the Société Général investment fiasco, rogue trader Jerome Kerviel has been accused of fraudulently siphoning off billions of assets into ill-advised investments.
  2008-03-11 05:57:26

• Housing starts keep building

  Saskatoon Star Phoenix - Canada Mortgage and Housing Corp. said the 89 single-detached housing starts were the ... says a first-time buyer may actually find more price certainty in the new home ... More commonly, the rates being quoted are around 5.65 per cent, Brossart noted.
  2008-03-11 12:39:00

• Mortgage Newsletter You Can Customize

  Colleyville Courier - Wells Fargo Home Mortgage Where will rates go now? Get rate info delivered right to your inbox. http://www.WellsFargo.com/mortgage Email Marketing Solutions
  2008-03-08 09:11:00

• Kill the competition: Spitzer scandal ... M&S angers investors ...

  Times Online - ... crunch at both Bear Stearns, the US investment bank, and Fannie Mae, the mortgage ... Bovis Homes warned that its sales this year would dive unless rates are cut. ... Home Retail Group , owner of Argos and Homebase, lost 12.25p to 240p on ...
  2008-03-11 12:24:00

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