Mortgage and Financial News From 2008-2-14 Page 17

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  • Clinton Challenges Special Interests - The Associated Press

    Clinton Challenges Special InterestsThe Associated Press - 28 minutes agoIn stop after stop, she blamed unscrupulous bankers and lenders for the mortgage crisis that has hit states such as Ohio particularly hard. ...
    2008-02-14 06:21:24

  • Some Cities Are Spared the Slide in Housing - New York Times

    Some Cities Are Spared the Slide in HousingNew York Times, United States - 22 minutes agoMost of the towns have only modest exposure to the subprime loan crisis. And falling mortgage rates are buoying these markets.
    2008-02-14 06:27:18

  • UPDATE 1-Greenspan says US 'on the edge' of recession - Reuters

    UPDATE 1-Greenspan says US 'on the edge' of recessionReuters - 12 minutes agoThe subprime mortgage crisis would already have put the United States into recession if US businesses weren't healthy in part as the result of years of low ...
    2008-02-14 06:37:20

  • Australian shares lower in lackluster early afternoon trade on US ... - Interactive Investor

    Australian shares lower in lackluster early afternoon trade on US ...Interactive Investor, UK - 8 minutes agoBernanke also said he saw no imminent threat that mounting losses from the subprime mortgage crisis would leave banks insolvent but said tighter credit is ...
    2008-02-14 06:41:22

  • Asian stocks stumble after Bernanke's gloomy assessment of US economy - CNNMoney.com

    Asian stocks stumble after Bernanke's gloomy assessment of US economyCNNMoney.com - 2 minutes ago... more mortgage-related losses at banks. Although he also said the Fed is ready to take measures as needed, signalling a willingness to further cut rates, ...
    2008-02-14 06:47:01

  • Fed Chief Leaves Room for More Rate Cuts (NYTimes.com via Yahoo! Finance)

    While continuing to avoid predictions of a recession, Ben S. Bernanke told a Senate panel on Thursday that the economic outlook had worsened.
    2008-02-14 06:40:30

  • Rates on 30-year mortgages rise to five-week high (KATU Portland)

    Rates on 30-year mortgages rose to the highest level in five weeks but still remained below the 6 percent level. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.72 percent this week, up from 5.67 percent last week.
    2008-02-14 06:40:49

  • Greenspan says U.S. "on the edge" of recession (Reuters via Yahoo! News)

    Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.
    2008-02-14 06:41:12

  • 1 dead, 1 injured in Detroit club shooting (Detroit Free Press)

    One person is dead and another is in serious condition after a group was escorted from Plan B nightclub in downtown Detroit last night for causing a disturbance, according to a Detroit Police spokeswoman.
    2008-02-14 06:43:44

  • Dow falls 175 points on Fed's prediction of a 'sluggish' economy (The Press-Enterprise)

    NEW YORK - Wall Street retreated Thursday after Federal Reserve Chairman Ben Bernanke predicted a "sluggish" economy until later in the year and more mortgage-related losses at banks. The Dow Jones industrial average fell 175 points.
    2008-02-14 06:47:58

  • Greenspan says U.S. "on the edge" of recession (The Globe and Mail)

    HOUSTON (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession. Greenspan said the economy will continue to erode until there is a stabilization of U.S. housing prices.
    2008-02-14 06:48:30

  • Fake news at Ceres climate scare event: Corcoran - National Post

    Fake news at Ceres climate scare event: CorcoranNational Post, Canada - 1 hour agoAfter all the claimed climate change disasters and risks and meltdowns and drowning cities--it amounts to nothing more than another subprime mortgage event, ...
    2008-02-14 04:25:46

  • Bond insurer recapitalization may come soon-Spitzer - Guardian Unlimited

    Bond insurer recapitalization may come soon-SpitzerGuardian Unlimited, UK - 1 hour ago... to lose its top rating from all three major ratings companies. FGIC is owned by a group that includes mortgage insurer PMI Group Inc and private equity. ...
    2008-02-14 04:26:05

  • Bill aimed at foreclosure protection sails through Oregon House - kgw.com (subscription)

    Bill aimed at foreclosure protection sails through Oregon Housekgw.com (subscription), OR - 1 hour agoOther aspects could include requiring mortgage lenders to have a bricks-and-mortar base in Oregon, cutting off Internet-only companies, and raising bonding ...
    2008-02-14 04:26:45

  • Large MGIC loss shrinks executive bonuses - Bizjournals.com

    Large MGIC loss shrinks executive bonusesBizjournals.com, NC - 1 hour ago... write off the two companies' combined $1.3 billion investment in a subprime lending affiliate because of the troubles in the subprime mortgage market. ...
    2008-02-14 04:28:19

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