Mortgage and Financial News From 2008-3-15 Page 5
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The First Rule of Obama?
Slate - "All of the statements that have been the subject of controversy are ones that I vehemently condemn." -- Barack Obama This seems to be the General Rule of Obama--if it's going to damage him, he condemns it! And rejects and denounces. Vehemently! The ...
2008-03-15 06:39:00 -
The Buck Doesn't Stop Here
New London Day - But the euro and currencies from other nations are now seen as legitimate options, and interest rates are higher outside the United States — meaning the funds can get better returns on investments elsewhere.
2008-03-14 02:30:00 -
Home affordability at worst level since 1990
Prince Rupert - At that time, high interest rates and a recession made the cost of owning a home prohibitive to many Canadians. But this time around the high cost of home ownership is due to a long, slow build up in housing prices driven by a strong economy, Holt ...
2008-03-14 04:39:00 -
Euro-zone inflation hits an all-time high
Marketwatch - Lower interest rates generally tend to undercut a currency's value by eroding the return on assets denominated in that currency. Higher rates tend to have the opposite effect.
2008-03-14 07:23:00 -
Wall St looks for boost from inflation data
Financial Times - Elsewhere on the economic front, interest rate futures were pricing in an almost 100 per cent probability of a 75 basis point cut in interest rates at the next meeting of the Federal Reserve on Tuesday.
2008-03-14 05:50:00 -
Dummy spit on baby bonus cost
News.com.au - ... to find billions of dollars in savings in the May budget, economists have called for a review of the current ... We also managed to pay our mortgage on one wage when interest rates were at 17%
2008-03-13 07:13:00 -
Vital Signs: Economists See Half-Point Rate Cut
BusinessWeek - ... notes in return for certain high-quality government-agency and private mortgage ... the need for the Fed to shore up the markets with outright cuts in interest rates ... Rounding out the week’s news will be reports on the current account deficit and ...
2008-03-13 04:00:00 -
Finding our Footing
Forbes - Comparisons between the current market environment ... The Fed is expected to lower rates by another percent between now and the end of April.
2008-03-13 12:18:00 -
Corporate credit analyst/Dresdner Kleinwort
Business News Americas - I agree and that's why I'm saying if current conditions continue and midsize banks ... Interest rates are lower, although they stopped coming down in October last year. ... There's no doubt mortgage lending is going to expand in Brazil, but some steps still ...
2008-03-15 05:02:00 -
Banks crack down on mortgage brokers
Australian Broadcasting Corp. - If you have a look at the current mix that we've seen of declining mortgage profitability but the broker commissions where they are, it means that ... highlighted the increasing stress being faced by banking customers as a result of rising interest rates ...
2008-03-13 01:51:00 -
Fed Chairman Urges Lenders To Forgive Some Loan Principal
CNN Money - Federal Reserve Chairman Ben Bernanke on Tuesday called on lenders to lower mortgage ... but he noted that those efforts typically involved lowering interest rates and ... by the Office of Thrift Supervision, which would let borrowers refinance at current ...
2008-03-13 03:53:00 -
A Look Back at the Dollar's Plunge in 1995
NPR News - Nearly two decades before America's mortgage crisis, Japan weathered a real estate ... Federal Reserve has twice cut short-term interest rates sharply — and may do so ... The U.S., too, faces increased competition from China, so the current economic ...
2008-03-13 04:07:00 -
Rainwater's 'Single Worst Investment'
BusinessWeek - Founded in 1993 by the current chairman, Garrett Thornburg , the company specializes in making "jumbo" single-family home ... On its Web site Thornburg is offering mortgage rates as low as 7.9%. Crumbling Credit Markets
2008-03-14 07:52:00 -
FHA to lower lifeboats to drowning borrowers
San Diego Union-Tribune - ... 8 million adjustable subprime mortgages are expected to reset at higher rates ... to the increasingly loose underwriting standards that preceded the recent mortgage ... said it would be a mistake to expect new FHA loan limits to solve the current ...
2008-03-15 07:29:00 -
Return to previous page
Minneapolis Star Tribune - Treasury bonds for private IOUs in the subprime mortgage market, experts say. To many, the end to the current troubles may be months away, and some ... more promise than its previous moves, which were confined largely to reducing interest rates.
2008-03-15 03:29:00