Mortgage and Financial News From 2008-2-14 Page 3

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  • Fed chief sees room to reduce rates again

    International Herald Tribune - The Fed's rate cuts have led to a more modest decline in mortgage rates for borrowers with good credit, but they have done little to stop the meltdown in credit markets that stemmed from soaring defaults and home foreclosures tied to risky mortgages. ...
    2008-02-14 12:27:00

  • BOJ leaves key interest rate unchanged at 0.5%

    Kyodo News - ... parley by some of the financial chiefs to take concerted action in the face of the U.S. subprime mortgage crisis has dampened expectations that the BOJ and European Central Bank may follow the U.S. Federal Reserve. The Fed has cut interest rates ...
    2008-02-14 09:45:00

  • Clinton Challenges Special Interests

    Associated Press - In stop after stop, she blamed unscrupulous bankers and lenders for the mortgage crisis that has hit states such as Ohio ... In addition to earlier proposals to cap interest rates at 30 percent, Clinton said she would prohibit credit card companies ...
    2008-02-14 09:38:00

  • Generation Y seeking home ownership

    News.com.au - ... found their focus has shifted towards tomorrow, particularly in relation to home ... Financial country executive and director Peter Hall said delinquency rates for ... For the mortgage industry, the news that Generation Y has around the same weekly ...
    2008-02-14 09:24:00

  • Metro home sales up by 15%

    Detroit News - Metro home sales up by 15% Detroit leads gains with almost double amount of closings over same ... Interest rates are low. If you haven't been impacted by the mortgage situation, it's a good time to buy." Among other January results:
    2008-02-14 09:52:00

  • Bank of Japan Keeps Rates Unchanged

    Associated Press - TOKYO (AP) -- Japan's central bank kept interest rates unchanged Friday amid growing worries about a global slowdown. ... But the global economic turmoil set off by the U.S. subprime mortgage crisis has scotched that view. Now, some are starting to ...
    2008-02-14 09:38:00

  • Asian Stocks Drop on Economic Outlook, Earnings; Samsung Falls

    Bloomberg - ... stocks to ``neutral'' from ``buy,'' saying it has turned ``cautious'' on the city's banks because of lower interest rates ... The credit crunch triggered by the subprime-mortgage crisis has worsened the situation for Japanese real-estate funds ...
    2008-02-14 08:55:00

  • Bush Finally Found a Good `Ad Man' in Paulson: Caroline Baum

    Bloomberg - Next Paulson came up with Hope Now (Despair Later?), an alliance to help a select group of subprime borrowers (those who were current on their mortgage payments) keep their homes by freezing mortgage rates or helping borrowers refinance. ...
    2008-02-14 09:24:00

  • Mortgage Rates Edged Up in Week - Wall Street Journal

    Mortgage Rates Edged Up in WeekWall Street Journal - 1 hour agoWASHINGTON -- Fixed-rate home mortgages rose slightly in the latest week, according to Freddie Mac's survey released yesterday. ...
    2008-02-14 09:01:20

  • Dallas-Fort Worth foreclosure postings up 27% - Dallas Morning News

    Dallas-Fort Worth foreclosure postings up 27%Dallas Morning News, TX - 1 hour agoLower mortgage rates won't help those borrowers. "Many of them simply don't have the equity to refinance," said David Berson, economist for mortgage insurer ...
    2008-02-14 09:01:29

  • Triad Guaranty reports drop of $75 million in 4th quarter - Winston-Salem Journal

    Triad Guaranty reports drop of $75 million in 4th quarterWinston-Salem Journal, NC - 1 hour agoTriad Guaranty operates as a private-mortgage insurer to residential mortgage lenders, such as banks, credit unions and mortgage brokers. ...
    2008-02-14 09:04:20

  • Just shy of saying 'recession' - Seattle Post Intelligencer

    Just shy of saying 'recession'Seattle Post Intelligencer - 1 hour agoBut, he said he did not see the need to do any more than encouraging the mortgage industry to freeze rates on some subprime mortgages for five years and ...
    2008-02-14 09:07:43

  • Unions angry as IBEC calls for 'moderate' pay hikes - Irish Independent

    Unions angry as IBEC calls for 'moderate' pay hikesIrish Independent, Ireland - 1 hour agoHe added that the "significant impact" of mortgage interest relief on the take-home pay of workers during the last three budgets "now appears to be ...
    2008-02-14 09:08:03

  • Housing still in free fall - Palm Beach Post

    Housing still in free fallPalm Beach Post,  United States - 1 hour agoStill, Graeve sees last month's passage of a property tax amendment and low mortgage rates as good signs for the housing market. ...
    2008-02-14 09:16:27

  • Democrats Plan Housing-Related Stimulus Bill - Wall Street Journal

    Democrats Plan Housing-Related Stimulus BillWall Street Journal - 1 hour agoBy SARAH LUECK A tax break for home builders and higher caps on state mortgage-revenue bonds are among the proposals Senate Democrats plan to take up this ...
    2008-02-14 09:16:59

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