Mortgage and Financial News From 2008-1-27 Page 10
Previous Day: 2008-01-26
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Risks in Fed's Deeper Interest Rate Cuts (San Francisco Chronicle)
Lowering interest rates _ the Federal Reserve's tool for bracing the wobbly economy _ is not without risk. Fed Chairman Ben Bernanke and his colleagues are expected to cut rates by as much as one-half of a percentage point at their regularly scheduled...
2008-01-27 07:04:11 -
Seized-Up Credit Market Spurs Record Trading for Stocks, Bonds
Bloomberg - ... NYSE had eight of the 10 busiest weeks in its 215-year history since July, when the collapse of AAA-rated bonds backed by mortgages to people with poor credit contaminated debt markets. An average $334 billion of Treasuries traded daily in the second ...
2008-01-26 03:55:00 -
Number of homeowners who can’t afford payments escalates
East Valley Tribune - People were taking out second mortgages on their homes like they were ATMs, he said. Today, a once-aggressive lending industry is tightening guidelines on a near-daily basis. Borrowers need proof of income, a higher credit score and a larger down ...
2008-01-25 03:57:00 -
New 2007 tax breaks help homeowners
Seattle Post Intelligencer - Mortgage interest deduction: interest you paid to the lender in 2007 on mortgages for your principal home and a second home for your personal use, providing the mortgages are secured by the home. Points: certain fees, computed as a percentage of the ...
2008-01-26 03:55:00 -
Big Rate Cut May Not Offer Big Fix
Wall Street Journal - This time, people may be more pessimistic about earnings due to mortgages and other issues." Fed Chairman Ben Bernanke, a ... A lot of people now are second-guessing the Fed. Some say it moved too slowly. Prof. Rigobon says the Fed should have cut ...
2008-01-27 06:17:00 -
Investors will look for economic data this week to gauge depth of ...
Edmonton Sun - ... was a sigh of relief that there were moves afoot to inject capital into some of the big U.S. bond insurers, the very companies that are supposed to cover losses sustained in securities - including those shaky investments backed by American mortgages
2008-01-27 08:09:00 -
Crude awakening for capitalism
Guardian Unlimited - ... policy rate to 1% by the third quarter of 2008 - a level that ought to lessen the pain for the holders of sub-prime mortgages ... The second is that the global economy has decoupled so that problems in the US will not affect the rest of the world. This ...
2008-01-27 04:52:00 -
Mike Farley's banks on Persimmon's firm foundations
Daily Telegraph - They have stayed low amid fears of economic downturn and more expensive mortgages in the wake of the credit crunch. Prospects ... Farley insists prices for new homes remain resilient and there are no indications of forced sales in the second-hand market ...
2008-01-27 06:10:00 -
'2nd-mortgage' delinquencies pound banks
Dubuque Telegraph Herald - Rising delinquencies in home-equity loans and other second mortgages could keep the banks' results from improving anytime soon. Recently, executives at Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. said missed loan payments were a factor ...
2008-01-27 01:45:00 -
'2nd-mortgage' delinquencies pound banks - Dubuque Telegraph Herald
'2nd-mortgage' delinquencies pound banksDubuque Telegraph Herald, IA - 4 hours agoBut that could be only the start: Rising delinquencies in home-equity loans and other second mortgages could keep the banks' results from improving anytime ...
2008-01-27 02:15:59 -
French bank Societe Generale says trader who bet $73 billion used ... - Daily Mail - Charleston
French bank Societe Generale says trader who bet $73 billion used ...Daily Mail - Charleston, WV - 4 hours agoKerviel's lawyer said the accusations of wrongdoing against his client were being used to hide bad investments by the bank related to subprime mortgages in ...
2008-01-27 02:38:19 -
Worst Real Estate Market Forecasts in 2008 - PR-USA.net (press release)
Worst Real Estate Market Forecasts in 2008PR-USA.net (press release), Bulgaria - 4 hours agoAll-time record foreclosures and a weak mortgage market are seeing home values plummet from their record highs. For the second year in a row Miami, ...
2008-01-27 02:47:21 -
French bank says trader hacked computers - China Daily
French bank says trader hacked computersChina Daily, China - 3 hours agoKerviel's lawyer said the accusations of wrongdoing against his client were being used to hide bad investments by the bank related to subprime mortgages in ...
2008-01-27 03:13:39 -
EUR/USD Lower Ahead of FOMC Meeting - FXstreet.com The Futures Market
EUR/USD Lower Ahead of FOMC MeetingFXstreet.com The Futures Market, Spain - 3 hours agoOne provision raises the dollar limit on mortgages that can be bought or guaranteed by Fannie and Freddie Mac. Canada’s inflation rate eased in December. ...
2008-01-27 03:14:06 -
Obama says landslide win in South Carolina marks a turn in party ... - Hays Daily News
Obama says landslide win in South Carolina marks a turn in party ...Hays Daily News, KS - 3 hours agoKerviel's lawyer said the accusations of wrongdoing against his client were being used to hide bad investments by the bank related to subprime mortgages in ...
2008-01-27 03:44:06
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