Mortgage and Financial News From 2008-3-19 Page 3
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Home loan rates up and rising (Stuff)
Mortgage lenders have continued to raise home loan rates over the past week and there are suggestions from some commentators that they could go higher still.
2008-03-19 03:45:03 -
Mortgage fraud case brings new calls for tighter regulations (Merced Sun-Star)
It was in August 2007 when investigator Eric Bremner found evidence in a shredder at Olympic Escrow Inc. that he said confirmed borrowers' complaints that they had never signed the mortgage documents that pushed them into a new financial hell.
2008-03-19 03:48:13 -
Rough economy good times for repossession business (WISH-TV Indianapolis)
When economic times are tough, factors such as interest rates, credit cards and the housing market often take people for a ride that leads to repossessions.
2008-03-19 03:51:58 -
Economy: Bad news not over yet (The Arizona Republic)
The sagging economy could keep slumping, despite one-day stock market rallies, aggressive intervention by the Fed and efforts by the White House to put more money in consumers' pockets.
2008-03-19 03:56:34 -
Freddie, Fannie Boost Might Not Help Homebuyers (TheStreet.com)
Lenders still might be reluctant to ease standards for borrowers.
2008-03-19 01:49:41 -
U.S. moves to free up funds for mortgages (Los Angeles Times)
Federal regulators relax capital requirements for Fannie Mae and Freddie Mac, the two government-sponsored mortgage giants. The move could add $200 billion to the pool used to make home loans. In an effort to make home loans cheaper and easier to get, federal regulators announced today that they were relaxing capital requirements for government-sponsored mortgage giants Fannie Mae and Freddie ...
2008-03-19 01:50:16 -
Bear Stearns big shots reaped big paydays (MSNBC)
The paper wealth may have disintegrated for Bear Stearns' top executives, but for years leading up to Bear's collapse they had been the beneficiaries of one of the most generous compensation packages in the industry.
2008-03-19 01:50:57 -
Stocks Close Sharply Lower As Traders Take Profits (Nasdaq)
(RTTNews) - Wall Street ended Wednesday's session sharply lower, giving back most of the gains posted in the previous session. On Tuesday, the Dow soared more than 400 points, boosted by positive news within the financial sector and the Fed's decision to reduce interest rates.
2008-03-19 01:51:48 -
Stocks Decline After Huge Rally (AP via Yahoo! Finance)
Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about high commodities prices and the possibility that banks remain vulnerable to further problems from soured debt.
2008-03-19 01:53:39 -
Wall Street in sharp retreat a day after rally (Channel NewsAsia)
NEW YORK : Wall Street went into reverse with heavy selling on Wednesday as jitters resurfaced over the financial sector, a day after a hefty rate cut by the Federal Reserve aimed at boosting market confidence.
2008-03-19 01:55:25 -
U.S. Stocks Drop, Led by Commodity Producers; Merrill Retreats (Bloomberg.com)
March 19 (Bloomberg) -- U.S. stocks retreated, erasing half of yesterday's rally, after plunging commodity prices sent oil and mining companies lower and an insurer tried to cancel $3.1 billion in protection on Merrill Lynch & Co. mortgage bonds.
2008-03-19 01:55:29 -
Treasuries Rise, Bill Rates Plunge on Credit Market Losses (Bloomberg.com)
March 19 (Bloomberg) -- Treasuries rose and three-month bill rates plunged to the lowest level in almost 50 years on speculation credit market losses will widen, prompting investors to seek the relative safety of government debt.
2008-03-19 01:55:37 -
Scivantage to Deliver Automated Account Opening Service for Direct-Purchase Mutual Fund Business (wallstreet:online AG)
Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the
2008-03-19 01:57:04 -
Treasurys mixed after Fed rate cut (The Forex Market)
NEW YORK (AP) - Treasurys traded mixed Wednesday, with investors pleased about a move to expand the mortgage-buying power of Fannie Mae and Freddie Mac but still digesting the Federal Reserve's interest rate cut.
2008-03-19 09:39:15 -
Pushing the Dream (Bridgewater Courier News)
As far back as the Civil War, owning a home has been associated with civic virtue and moral behavior. Democratic and Republican administrations alike sought to raise homeownership through subsidies, tax breaks and dedicated agencies.
2008-03-19 09:40:14