Mortgage and Financial News From 2008-3-19 Page 01
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More News (Daily Breeze)
WASHINGTON - There's a risk in Federal Reserve Chairman Ben Bernanke's bold moves of late. If recent history is any guide, the euphoria that met the Fed's three-quarter-point reduction to a key interest rate Tuesday could be short-lived.
2008-03-19 04:04:40 -
Lihir Gold Ltd (LGL) and Equigold to Merge (CCNMatthews via Yahoo! Finance)
BRISBANE, QUEENSLAND, AUSTRALIA-- - Lihir Gold Ltd and Equigold NL are pleased to report that the companies are to merge their businesses, creating a global pure gold company with a diversified portfolio of high quality operations, a strong financial base and an exceptional growth profile.
2008-03-19 04:46:10 -
Wall Street surges on new rate cut (The World)
WASHINGTON — Ben Bernanke’s Federal Reserve is proving it’s not afraid to move aggressively.
2008-03-19 05:06:50 -
Fed cuts key interest rates by 3/4 point (Washington Post)
WASHINGTON (Reuters) - The Federal Reserve slashed a key U.S. interest rate by three-quarters of a percentage point on Tuesday, a substantial cut but smaller than many in financial markets had expected, as part of an effort to hold off a deep recession and financial meltdown.
2008-03-19 05:39:44 -
FSA to investigate HBOS rumours (Guardian Unlimited)
Unprecedented inquiry into dealings of financial companies after attempts to lower HBOS shares
2008-03-19 05:58:32 -
Fed rate cut sparks 420-point stock rally (The Wilmington Star-News)
Washington | The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, capping its most aggressive two months of action in a quarter-century in a battle to halt a spreading credit crisis..
2008-03-19 07:28:36 -
Official cost of living figures are undervalued (Daily Telegraph)
The prices of essential household goods and bills are rising at double the rate they were six months ago, according to analysis for The Daily Telegraph.
2008-03-19 07:55:55 -
Advertisement starts (Tiscali)
CHELMSFORD (Reuters) - The credit crisis is making it more difficult for consumers to buy homes and affordability is unlikely to improve even if house prices fall this year, Bank of England policy-maker Kate Barker said on Wednesday.
2008-03-19 09:00:34 -
Euro marts wilt on HBOS fears (Gulf Times)
LONDON: European and US share prices wilted yesterday, following gains by equities in Asia, with sentiment dampened by rumours of possible liquidity problems at a British bank and as profit-taking set in on Wall Street.
2008-03-19 09:37:09 -
Mortgage applications fall for the second week (Providence Business News)
WASHINGTON – The number of mortgage loan applications fell nationwide, for the second week in a row, and the fifth of the past six weeks, the Mortgage Bankers Association said today in its weekly report.
2008-03-19 09:04:31 -
Affluent homeowners, too, have mortgage problems (International Herald Tribune)
Just like those other buyers, these consumers took out adjustable rate mortgages to buy houses they would otherwise not have been able to afford at the peak of the housing bubble.
2008-03-19 12:30:51 -
Stocks Follow Record Day With Slide (KMGH 7 Denver)
News of Freddie Mac and Fannie Mae's cash infusion couldn't stop stocks from slumping on Wednesday.
2008-03-19 01:41:20 -
Stocks Fail To Continue Momentum (WGAL 8 Susquehanna Valley)
News of Fannie Mae and Freddie Mac's cash infusion couldn't stop stocks from retreating Wednesday.
2008-03-19 02:55:02 -
Stocks Fail To Continue Momentum (Fox 12 Oregon)
Wall Street retreated Wednesday afternoon as investors backed out of a variety of stocks that had led the previous session's big rally, including financials.
2008-03-19 02:58:22 -
Economy - Wednesday (Investor's Business Daily via Yahoo! Finance)
Mortgage applications decline
2008-03-19 03:39:36