Mortgage and Financial News From 2008-3-15 Page 11
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Bear Stearns crisis raises fears worse is yet to come
New Straits Times - ... among the hardest hit by the collapse of the US subprime, or high-risk, mortgage ... Bear Stearns story rapidly gave rise to worries that it might not be the only ... hundreds of billions of dollars into the financial system and slashed interest rates ...
2008-03-15 04:37:00 -
Two-Year Treasuries Rise as Carlyle Fund Approaches Collapse
Bloomberg - March 13 (Bloomberg) -- Treasury two-year notes rose as a Carlyle Group mortgage ... auction is a reopening, meaning that the securities to be sold will pay interest at ... The difference was only 4 basis points narrower than the spread on March 10, the ...
2008-03-13 09:12:00 -
Stadium bonds hit by rocketing interest
Forbes - ... backed by troubled bond insurers -- have found few buyers, thus driving up interest ... paid for by the Federal Emergency Management Agency, the government would only ... that lasted until bond markets started imploding because of the subprime mortgage ...
2008-03-13 10:30:00 -
Countrywide delinquencies dip slightly
CNBC - The company's loan originations improved last month compared to January despite a gradual uptick in mortgage interest rates. ... Countrywide, which had made a practice of providing monthly loan production updates, said it would only issue ...
2008-03-13 10:45:00 -
The Conservative Case for McCain
Wall Street Journal - Because we have only five to 10 years to address the federal government's ... In about a decade, the twin forces of demographics and compound interest will leave ... as a nation we are staring at more than a $50 trillion hole -- an invisible mortgage ...
2008-03-15 08:12:00 -
Transcript: President Bush's Radio Address
FOX News - ... would give bankruptcy courts the authority to reduce mortgage debts by judicial decree. ... correcting itself, and delaying that correction would only ...
2008-03-15 08:05:00 -
A Wall Street Domino Theory
New York Times - The sudden collapse of a major player could not only shake client confidence in ... seized up in August, credit conditions have steadily worsened, and interest rate ... was one of the first firms to experience a direct blow from the subprime mortgage ...
2008-03-15 07:29:00 -
More misery here after US bank bail-out
News.com.au - AUSTRALIAN homeowners and investors are facing more interest rate misery after the ... Only last week the banks passed on more than the quarter-point rise announced by ... ANZ, Commonwealth Bank and St George all passed on 0.35 to mortgage customers.
2008-03-15 07:58:00 -
Marriage, lies and debt
News.com.au - ... only requires one signature," she says. "Often we hear of one partner who has borrowed against the mortgage without the other's knowledge." Charge cards are another way for partners to hide their spending. "When someone buys something on interest ...
2008-03-15 06:32:00 -
U.S. policymakers propose stronger rules for mortgage units
International Herald Tribune - ... which have been widely criticized for failing to recognize major problems with mortgage-backed securities and for having potential conflicts of interest. ... We need government action not only to solve the current crisis, but also to prevent a ...
2008-03-13 09:55:00 -
On day of Bear bailout, economy's cracks widen
San Francisco Gate - That means big trouble not only in the nation's money centers, but also on Main Street, where a credit crunch is ... The extra interest on a mortgage or a corporate bond represents the price the lender demands in exchange for taking the risk that the ...
2008-03-15 08:05:00 -
Coming Week: Bear(s) Set Agenda
Street.Com - ... will now attempt to rescue the U.S. financial system with more interest rate cuts ... to its short-term rate target on Tuesday, needs investors to start trading mortgage ... The sudden reversal reflects a market gripped by panic, and it only reinforced a ...
2008-03-15 07:01:00 -
More misery here after US bank bail-out (The Mercury)
AUSTRALIANS are facing more interest rate misery after the near collapse of American banking giant Bear Stearns yesterday.
2008-03-15 07:50:00 -
Town officials head to NYC for bond-rating meetings (Culpeper Star-Exponent)
Four town officials will travel by train to the Big Apple Sunday to obtain a bond rating - a grade given to bonds indicating the borrowerâ€s financial strength. The town of Culpeper is in the process of issuing $17.04 million in bonds to pay for several capital projects, primarily the ongoing, 2-million-gallon-per-day expansion to the sewer treatment plant. Mayor Pranas Rimeikis and ...
2008-03-15 08:15:59 -
Transcript: President Bush's Radio Address (Fox News)
President Bush warns against overcorrecting the economy in his weekly radio address.
2008-03-15 08:29:21