Mortgage and Financial News From 2008-3-15 Page 10
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More misery here after US bank bail-out
News.com.au - It had invested heavily in instruments linked to poor-quality mortgages in America, where defaults are soaring and house ... WORK Choices and Government red tape are the second largest hindrance to a company's expansion, a new survey has found.
2008-03-15 10:28:00 -
Bailout of Wall Street firm shocks markets
Chicago Tribune - The task of shoring up the finances of an economy hurt by deteriorating prices for homes and mortgages and waning confidence ... Shares of Bear Stearns, the second-largest underwriter of U.S. mortgage bonds, tumbled the most after the brokerage said ...
2008-03-15 07:22:00 -
Bond Insurance Worth The Price
Forbes - The uncertainty about how bad the default rates are on the subprime mortgages they insured has created fertile ground for ... The second reason bond insurance is worthwhile is that with states and municipalities, the primary risk is not their ...
2008-03-15 08:55:00 -
State leads U.S. in mortgage delinquencies
Hattiesburg American - But when it comes to first and second mortgages, it's business as usual." Another contributing factor to the high delinquency rate, Hill said, is the lifting last October of the state's moratorium on home foreclosures in the wake of Hurricane Katrina.
2008-03-15 02:50:00 -
Mortgage Rates Jump Again
San Francisco Gate - Rates on 30-year mortgages dropped below the 6 percent threshold in the second week of January and stayed there for six straight weeks as the economic slowdown stirred concerns about a possible recession.
2008-03-13 08:22:00 -
Radio Address by the President to the Nation
Forbes - Second, we helped bring together the Hope Now Alliance, which is streamlining the process for refinancing and modifying many mortgages. Third, the Federal Government is taking regulatory steps to make the housing market more transparent and fair in ...
2008-03-15 07:15:00 -
Mortgage rates increase for fourth time in 5 weeks
USA Today - WASHINGTON (AP) — Average 30-year fixed-rate mortgages hit 6.13%, up from 6.03%, the fourth increase in the past five weeks, Freddie Mac reported Thursday. Rates on 30-year mortgages dropped below the 6% threshold in the second week of January and ...
2008-03-13 10:38:00 -
Bear Stearns latest victim of financial panic
Daily Telegraph - It raises severe concerns over other banks. [Bear Stearns] wasn't a small bank - it was the second-largest underwriter of mortgages last year.
2008-03-15 09:59:00 -
Caution: Crumbling Wall Street earnings ahead
CNN Money - Investors now are second-guessing the value of debt backed by student loans, municipal bonds, commercial real estate and even mortgages issued by Fannie Mae and Freddie Mac.
2008-03-15 10:28:00 -
European Stocks Decline in the Week; UBS, British Airways Drop (Bloomberg.com)
March 15 (Bloomberg) -- European stocks declined this week after Bear Stearns Cos. was forced to get funding from the New York Federal Reserve and JPMorgan Chase & Co., heightening concern that the worst of the credit troubles aren't over.
2008-03-15 09:01:59 -
President's Radio Address (White House News)
In his weekly radio address, President Bush said, "My Administration worked with Congress to pass a bipartisan economic growth package that includes tax relief for families and incentives for business investment. I signed this package into law last month -- and its provisions are just starting to kick in. My economic team, along with many outside experts, expects this stimulus package to have a ...
2008-03-15 10:01:21 -
Bush to meet with U.S. financial policymakers (Washington Post)
WASHINGTON (Reuters) - President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, at a time of increased strains in credit markets and fears of a recession.
2008-03-15 10:08:20 -
Bear Stearns May Lose Independence After Fed Bailout (Update3) (Bloomberg.com)
March 15 (Bloomberg) -- Bear Stearns Cos.'s 85 years as an independent Wall Street firm may be coming to an end as JPMorgan Chase & Co. considers buying the crippled company.
2008-03-15 10:55:14 -
Avoid over-correcting the economy, Bush warns (Daily and Sunday Jeffersonian)
WASHINGTON (AP) -- President Bush on Saturday said the government must guard against going too far in trying to fix the troubled economy, cautioning that "one of the worst things you can do is overcorrect." Democrats said Bush was relying on inaction to solve the problem.
2008-03-15 10:58:30 -
Briefings (The Lakeland Ledger)
Delta to Adjust Business Plan
2008-03-15 11:08:51