Mortgage and Financial News From 2008-2-14 Page 7

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  • Leighton says bond market aid is crucial (Times Leader)

    WASHINGTON — Wilkes-Barre Mayor Tom Leighton added his voice to the chorus of concern about deteriorating conditions in the municipal bond market during testimony Thursday before the House Financial Services subcommittee on capital markets.
    2008-02-14 10:11:20
  • He won't say 'recession,' but he will say 'sluggish' (Pioneer Press)

    WASHINGTON - While Federal Reserve Chairman Ben Bernanke won't say the economy is in a recession, he is using a lot of other downbeat words to describe the fix the country is in.
    2008-02-14 10:11:41
  • Home business poses problem for landlord (Lawrence Journal-World)

    Some landlords can’t stop their tenants from opening a child-care business on their property, but there are steps they can take to limit their liability if something eventually goes wrong.
    2008-02-14 10:15:11
  • Economy greatly strained, Fed chairman tells Congress (The Sharon Herald)

    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 10:21:51
  • RBA may cut interest rates next year, says economist

    News.com.au - ... worried about the deterioration in financial markets and business confidence falling to its lowest level since 2001, a fall in interest rates ... rate cuts in the US, much talk of the potential US and even global recession, increases in mortgage rates ...
    2008-02-11 03:58:00
  • CEOs called to match pollie pay freeze

    News.com.au - The rate is now at its lowest level since November 1974. About 26,800 mostly part-time ... While the cuts will provide some relief from previous mortgage rises, economists warn they will force the Reserve Bank to put up rates even further.
    2008-02-14 01:10:00
  • TREASURIES-Bond prices fall on inflation worry

    Forbes - ... could get out of hand if the Federal Reserve keeps cutting interest rates, as ... By contrast, short maturities' yields traded near the lowest levels since 2004 ... Inflation concerns, expectations of increased Treasury issuance, selling by mortgage ...
    2008-02-14 10:04:00
  • S&P slashes ratings on $5.7 billion of ABS CDOs

    Reuters - ... structured finance CDOs tied mostly to residential mortgage-backed securities. Some of these securities fell from the agency's top "AAA" rating down to "CCC-plus," the seventh-lowest junk ... it will continue to "monitor the CDO transactions it rates and ...
    2008-02-14 01:31:00
  • What Will The RBA Say: Employment Boom Continues

    ABN Newswire - Australia's unemployment rate fell to 4.1% yesterday, the lowest since 1974 as ... the Australian housing market is that the RBA ends up going too far on interest rates triggering broader economic problems and feeding back to increased mortgage ...
    2008-02-14 09:24:00
  • Gen Y chasing bricks and mortar

    News.com.au - ... 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 ... Big banks bet on lower rates Prices soar despite rate rises Lenders at their lowest ...
    2008-02-14 09:31:00
  • Relief for homeowners from July

    News.com.au - HOMEBUYERS struggling with their increasing mortgage repayments will get some relief ... The jobless rate has tumbled to its lowest level since November 1974, but ... uncomfortably high'' for the next two years and that it will likely have to rates ...
    2008-02-14 01:53:00
  • Canada's Dollar Falls as Trade Surplus Shrinks to 9-Year Low

    Bloomberg - ... Canada's currency declined as the nation's trade surplus narrowed to its lowest ... additional credit-market losses, while signaling the Fed may cut interest rates ... 17 percent in 2007 as the U.S. economy shows signs of weakness and subprime mortgage ...
    2008-02-14 02:14:00
  • 'Worst month ever' for area home sales

    Silicon Valley - EA boss puts his trust in firm's employees Bay Area home sales lowest for any month ... And, in the aftermath of the credit crunch that sent rates for large mortgages ... shopping for her first house illustrates how tough it's been to get a jumbo mortgage.
    2008-02-13 03:56:00
  • New Zealand's Retail Sales Growth Slows to 0.1% (Update2)

    Bloomberg - ... New Zealand's retail sales growth slowed in December as record-high interest rates ... of consumers said the economy would improve over the next five years, the lowest ... The interest rate on a two-year fixed mortgage was 9.38 percent in December, up from ...
    2008-02-14 03:26:00
  • Business Minute: Stocks edge lower...Oil rises...Bernanke hints at ...

    Idaho8.com - LOS ANGELES (AP) - New figures show California home sales fell to the lowest level in more than 20 years last month. Many areas posted large price declines as buyers had trouble getting financing or just avoided the housing market. DataQuick ...
    2008-02-14 02:57:00