Mortgage and Financial News From 2008-3-4 Page 01

RSS Feed

Previous Day: 2008-03-03

Return to the mortgage news archive home.

  • Editorial: Better than a bailout

    Milford Daily News - Still, there's no denying that the fallout - overall economic growth flat, home sales and prices down, consumer spending weak, interest rates on ... Bankers Association, dismisses such claims as ``hokum'' and says any impact on mortgage rates would ...
    2008-03-04 09:44:00
  • Alarming debt

    Charleston Gazette - ... homeowner struggling with an adjustable-rate mortgage, several analysts have recently said. ... cuts programs that help people at home and sells ...
    2008-03-04 09:51:00
  • BOE May Keep U.K. Rate Unchanged as Policy Makers `Grit Teeth'

    Bloomberg - Mortgage approvals stayed near a nine-year low in January as lenders lowered mortgage rates by only half the central bank cut in December and offered fewer loans to homebuyers, central bank data showed last week.
    2008-03-01 03:57:00
  • 'Bad' housing newsis really the opposite

    St. Petersburg Times - ... losses are already being suffered by builders (from the lower value of land and home inventories), mortgage ... unilaterally - would perversely hurt the housing market by raising the cost of mortgage credit. Lenders would increase interest rates or ...
    2008-03-04 09:08:00
  • Bernanke calls for more mortgage relief

    Boston Globe - To date, permanent home mortgage modifications that have occurred have typically involved a reduction in the interest rate, while ... They were further socked by low introductory rates on their adjustable mortgages resetting to higher rates, making their ...
    2008-03-03 03:55:00
  • Mortgage Marketing

    Colleyville Courier - Professional Mortgage $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK.
    2008-03-04 05:05:00
  • European house price boom finally loses steam

    Guardian Unlimited - The ECB raised rates to 4% last year from 2% at the end of 2005, leading to a sharp rise in mortgage rates for holiday homeowners who had taken out variable-rate mortgages. About 300,000 Britons have a second home abroad.
    2008-03-04 04:43:00
  • Rudd warns banks on rates

    News.com.au - This will add another $50 to a monthly mortgage repayment on a $300,000 home loan. But it could be more if commercial banks move their mortgage rates by a greater margin, as some did last month after the RBA's last move.
    2008-03-02 10:15:00
  • UK seeks to ease mortgage funding

    Financial Times - ... to the US, the UK does not have agencies, with implicit government support, such as Fannie Mae or the Federal Home ... The spreads of mortgage interest rates compared with official rates have widened sharply.
    2008-03-04 07:28:00
  • Treasuries Rise on Speculation Economic Slowdown Is Deepening

    Bloomberg - ... very clear message from the Fed is that they're worried about the financial system and they're going to keep cutting rates. ... Bernanke, in a speech to bankers in Orlando, Florida, said more must be done to stem mortgage foreclosures.
    2008-03-04 09:23:00
  • Auction-Rate Bond Failures Approach 70%, Show No Sign of Easing

    Bloomberg - Even if the auction-rate market survives, we're not going to see the kind of rates we're used to,'' said Roger Roux, chief ... The market has collapsed because of subprime mortgage- linked losses investment banks face, not because municipalities will ...
    2008-03-04 09:08:00
  • Mortgage crisis deepens: Rates on 1.5M home loans will reset this year

    Detroit News - The mortgage crisis seems to have no end and no solution, but that isn't stopping Ben Bernanke from trying. Tuesday the Federal Reserve Chairman floated the idea that banks and investors should write off part of the loan principal for homeowners who ...
    2008-03-04 09:51:00
  • Aussie stocks end flat as banks reverse gains (Reuters Finance News, Australia via Yahoo!7 Finance)

    SYDNEY, March 5 (Reuters) - Australian shares erased early gains to end little changed on Wednesday, after financial stocks like Westpac Bank WBC.AX turned negative as worries about credit markets and a U.S. recession crept back.
    2008-03-04 09:35:55
  • Step by Step, Bush and Fed Move on Mortgage Rescue (NYTimes.com via Yahoo! Finance)

    The Bush administration and the Federal Reserve are inching closer toward a government rescue of distressed homeowners and mortgage lenders.
    2008-03-04 09:42:03
  • Double Bubble Trouble (New York Times)

    The most relevant lesson to take from Japan?s economy in the 1990s was that the interplay between financial and real economic bubbles causes serious damage.
    2008-03-04 09:42:07