Mortgage and Financial News From 2008-3-16 Page 11

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  • Home equity harder to touch (The Santa Rosa Press Democrat)

    Using your house as a piggy bank has gotten harder.
    2008-03-16 11:41:11
  • Merrill CEO says has tackled biggest problems: report

    CNBC - ... 9.83 billion loss for the fourth quarter, the worst in its 94-year history, reflecting about $16 billion of mortgage-related ... As such, to merely lower interest rates is no use at all." (Reporting by Ben Harding;
    2008-03-16 07:14:00
  • In Shift, Fed Chief Invents Policy in Crisis

    Stockhouse Canada - In a move that would have been unthinkable until recently, the central bank agreed to accept potentially risky mortgage-backed securities as collateral. On Tuesday, the central bank is expected to reduce short-term interest rates for the sixth time ...
    2008-03-16 09:51:00
  • U.S. housing office reveals new mortgage rules

    Forbes - WASHINGTON (Reuters) - Mortgage lenders would be required to give better estimates of closing costs and improve disclosure of ... The payment to brokers is often dependent on the interest rate paid, with higher interest rates leading to higher payments ...
    2008-03-14 11:34:00
  • Anworth shares fall on "Neutral" rating

    Boston Globe - Among mortgage real estate investment trusts, George believes companies like Anworth that focus on agency mortgage-backed securities are best positioned to handle a market with falling interest rates and rising credit costs.
    2008-03-14 12:24:00
  • Machinists Survey Finds Strong Voter Support for Tuition-Free Tech ...

    Forbes - Surprisingly, the combined figure is greater than the importance given to assuring affordable health care, keeping mortgage rates down and increasing the minimum wage.
    2008-03-14 08:06:00
  • Federal Reserve expected to cut interest rates Tuesday, but by how ...

    Minneapolis Star Tribune - Yet these economists say lower interest rates should help cushion the blows of a recession. ... Financial institutions have racked up multibillion-dollar losses when mortgage-backed investments soured with the collapse of ...
    2008-03-16 05:05:00
  • Het Anti-FED Kroegske

    Belegger.nl - Mortgage rates are rising, the dollar is falling and prices of key commodities are leaping from one record high to the next." Where now are the financiers, regulators and politicians who peddled the inanity, "we mustn't talk ourselves into recession"
    2008-03-16 04:29:00
  • ANALYSIS-"Bailout" still a dirty word in Washington

    Forbes - While interest rates are all but certain to come down this week, what is less clear is what more the Fed and the broader government can do to shore up financial and mortgage markets.
    2008-03-16 11:17:00
  • Home Starts, Factory Production May Fall: U.S. Economy Preview

    Bloomberg - He called for ``strong oversight'' of mortgage lenders, and didn't discuss interest rates or the economic outlook in the text of his speech. Home foreclosure filings jumped 60 percent and bank seizures more than doubled in February from the same ...
    2008-03-16 06:59:00
  • Fed Is Expected to Cut Interest Rates

    Wall Street Journal - Fed Is Expected to Cut Interest Rates March 16, 2008 NEXT WEEK Short Week: Stock and bond markets will close for Good Friday. ... WaMu Watch: Washington Mutual may accept an offer this week from a large U.K. hedge fund to pump new capital into the mortgage ...
    2008-03-16 07:06:00
  • The Cape Is Calling

    Boston Globe - Add in historically low 30-year fixed mortgage rates, and it truly is a perfect time for buyers. "We were happy about the amount of house we could buy for the price range we were looking in," says French, who ended up buying a three-bedroom, two-bath ...
    2008-03-16 07:35:00
  • What's so bad about adjustable-rate mortgages?

    Boston Globe - If that timetable changes, or if homeowners don't know how long they will stay, there is a risk they will be hit with higher rates when the mortgage eventually resets.
    2008-03-16 07:35:00
  • Wait, Weren’t These the Safer Bets?

    New York Times - Goldstone says. “You have AAA-rated mortgage securities trading with junk bond yields. That makes no sense.” Although default rates for Alt-A debt are still low, investors who fear the worst have been dumping the stuff and asking questions later.
    2008-03-16 07:28:00
  • More rates agony

    News.com.au - ANZ, Commonwealth Bank and St George all passed on 0.35 per cent rises to mortgage customers, while Westpac hiked its rates by 0.3 per cent and NAB by 0.29 per cent.
    2008-03-16 06:59:00