Mortgage and Financial News From 2008-2-14 Page 4

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  • Generation Y seeking home ownership - Melbourne Herald Sun

    Generation Y seeking home ownershipMelbourne Herald Sun, Australia - 1 hour ago"For the mortgage industry, the news that Generation Y has around the same weekly disposable income as the average family is significant,'' he added. ...
    2008-02-14 09:34:54

  • Metro home sales up by 15% - DetNews.com

    Metro home sales up by 15%DetNews.com, MI - 42 minutes ago"Interest rates are low. If you haven't been impacted by the mortgage situation, it's a good time to buy." • Livingston and Wayne counties also posted ...
    2008-02-14 10:08:49

  • Darker days await US economy - St. Petersburg Times

    Darker days await US economySt. Petersburg Times, FL - 33 minutes agoPrivate economists said they viewed Bernanke's sober assessment as a clear signal that the Fed, which cut interest rates by 1.25 percentage points in two ...
    2008-02-14 10:17:51

  • Govt 'judged' over economic management - The West Australian

    Govt 'judged' over economic managementThe West Australian, Australia - 23 minutes agoThe government continues to question the Commonwealth Bank of Australia's (CBA) decision to increase its mortgage rates by more than the central bank's last ...
    2008-02-14 10:27:53

  • Fed chairman tells Congress that business prospects are deteriorating (The Standard-Times)

    WASHINGTON — Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy on Thursday and signaled that the Fed will cut interest rate cuts further if needed to...
    2008-02-14 10:25:05

  • Fed offers grim outlook (Concord Monitor)

    Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy yesterday and signaled that the Fed will cut interest rate cuts further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.
    2008-02-14 10:25:36

  • Fed chief says economy in crisis (Detroit News)

    WASHINGTON -- Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy on Thursday and signaled that the Fed will cut interest rates further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.
    2008-02-14 10:29:40

  • Govt 'judged' over economic management (The West Australian)

    It has signed the Kyoto Protocol and said sorry to the stolen generations in its first few weeks in power - two popular policies the former Howard government refused to do.
    2008-02-14 10:30:37

  • Daniel Howes: It's payback time in credit crisis (Detroit News)

    If credit market panics keep piling up, we'll soon be rummaging for pitchforks in the back of the garage and looking for somewhere to storm.
    2008-02-14 10:30:40

  • Metro home sales up by 15% (Detroit News)

    Sales of residential and condominium units in Detroit nearly doubled in January, compared with the same month a year ago, and the region overall got a nearly 15 percent bump.
    2008-02-14 10:30:50

  • People believe in Fed's abilities (Colorado Springs Gazette)

    WASHINGTON - When it comes to turning around the troubled economy, many people have confidence that Ben Bernanke and his Federal Reserve colleagues can get the job done.
    2008-02-14 10:32:00

  • Bernanke Warns of Worsening Economy (WJLA-TV Washington D.C.)

    Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy on Thursday and signaled that the Fed will cut interest rate cuts further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.Both Bernanke and Treasury Secretary Henry Paulson told a congressional hearing ...
    2008-02-14 10:35:44

  • Some Cities Are Spared the Slide in Housing (NYTimes.com via Yahoo! Finance)

    The real estate market these days is a tale of two Americas, and one of them is not doing too badly.
    2008-02-14 10:41:02

  • Top Officials See Bleaker Outlook for the Economy (NYTimes.com via Yahoo! Finance)

    Both Ben S. Bernanke and Henry M. Paulson Jr. said they were scaling back their more optimistic forecasts.
    2008-02-14 10:41:33

  • The Moody's Blues

    Wall Street Journal - In other words, if S&P and Moody's are asked to rate a pool of mortgage loans, they don't actually examine any of the individual mortgages within the pool. An S&P spokesperson tells us, "We are not auditors; we are not accounting firms." So if all ...
    2008-02-14 07:22:00

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