Mortgage and Financial News From 2008-2-14 Page 16

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• Fed Chief Sees Economic Rebound Later in Year (NYTimes.com via Yahoo! Finance)

  Ben S. Bernanke said that he expects the economy to regain speed after a few months of “sluggish” growth.
  2008-02-14 10:39:32

• Democrats unveil new stimulus bill (Miami Herald)

  Senate Democrats promised Thursday to follow up the just-enacted economic stimulus bill with steps to boost the slumping housing market and forestall home foreclosures.
  2008-02-14 11:18:21

• Primary Residential Mortgage, Inc. Launches New Corporate Website (PR Newswire via Yahoo! Finance)

  Primary Residential Mortgage, Inc. has launched a new retail website at http://www.primaryresidentialmortgage.com. The site educates borrowers not only about the company but also provides in-depth information and quality resources to help them through the mortgage process.
  2008-02-14 02:34:00

• Lifting Fannie, Freddie Mortgage Limits Could Help Investors Most (Investor's Business Daily via Yahoo! Finance)

  Raising value limits on conforming loans could do more to lift bond market confidence than to broadly help refinancers and home buyers.
  2008-02-14 02:57:20

• Ben Bernanke signals further US rate cuts - Telegraph.co.uk

  Ben Bernanke signals further US rate cutsTelegraph.co.uk, United Kingdom - 1 hour agoMr Bernanke said the sub-prime mortgage market had suffered a "virtual shutdown" over the past six months, leading to a record surge in property ...
  2008-02-14 04:57:29

• Federal Home Loan Bank of San Francisco Reports Annual and - Ad-Hoc-News (Pressemitteilung)

  Federal Home Loan Bank of San Francisco Reports Annual andAd-Hoc-News (Pressemitteilung), Germany - 1 hour agoIn addition, the decrease in the annual dividend rate for 2007 relative to 2006 reflects a lower net interest spread on the Bank's mortgage portfolio, ...
  2008-02-14 04:59:53

• Governor announces plan to tackle foreclosures - Medill Reports

  Governor announces plan to tackle foreclosuresMedill Reports, IL - 1 hour agoFour Illinois mortgage lenders pledged $200 million total to fund 30-year fixed rate mortgages guaranteed by the Federal Housing Administration. ...
  2008-02-14 05:08:01

• Bernanke's blues on worsening economy - PRESS TV

  Bernanke's blues on worsening economyPRESS TV, Iran - 1 hour agoAlso looming large is a severe credit crisis tirggered by sub prime mortgage lending and a high default rate on those instruments which is impacting banks ...
  2008-02-14 05:09:02

• IBD's Top 10 - Thursday - CNNMoney.com

  IBD's Top 10 - ThursdayCNNMoney.com - 1 hour ago2-year rates to a 4-year high. 3 The CRB futures index hit a record high intraday on increased optimism for the global economy. Oil bounced $2.19, or 2.4%, ...
  2008-02-14 05:11:58

• Bernanke Optimistic On Late '08 Growth, Hints At Fewer Cuts - CNNMoney.com

  Bernanke Optimistic On Late '08 Growth, Hints At Fewer CutsCNNMoney.com - 1 hour ago... policies from the mortgage-related securities line. The 10-year Treasury yield shot up 8 basis points to 3.81%, pushing the spread over the 2-year rate ...
  2008-02-14 05:11:58

• Surveyors' gloom at house prices - BBC News

  Surveyors' gloom at house pricesBBC News, UK - 1 hour agoThe Bank of England cut interest rates at its December meeting from 5.75% to 5.5%, and then again by a further 0.25% last week. "If mortgage lenders filter ...
  2008-02-14 05:26:00

• Oregon Pacific Announces Fourth Quarter and Year-End 2007 ... - CNNMoney.com

  Oregon Pacific Announces Fourth Quarter and Year-End 2007 ...CNNMoney.com - 1 hour agoThe decrease for the year was due to slowing in the real estate mortgage market partially offset by increased card usage fee income. ...
  2008-02-14 05:27:57

• Bond troubles may dog Citizens - The Times-Picayune - NOLA.com

  Bond troubles may dog CitizensThe Times-Picayune - NOLA.com, LA - 43 minutes agoRight now, owners of insured residential or commercial property pay an assessment of about five percent on their insurance bills each year, and that rate ...
  2008-02-14 06:06:32

• Consider wage freezes, urges Gillard - Sydney Morning Herald

  Consider wage freezes, urges GillardSydney Morning Herald, Australia - 40 minutes ago''And for most working Australians, the biggest fixed cost they've got in their lives is servicing the mortgage. Those who were a bit better off, ...
  2008-02-14 06:09:41

• Japan grows 3.7% despite woes in US - Financial Times

  Japan grows 3.7% despite woes in USFinancial Times, UK - 37 minutes agoHowever, most economists focused more on the shape of the economy in the first quarter of this year, when the spread of the US subprime mortgage crisis will ...
  2008-02-14 06:12:37

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