Mortgage and Financial News From 2008-1-30 Page 24

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  • Bears prowl Wall St. as banks lose billions - Monday Morning

    Bears prowl Wall St. as banks lose billionsMonday Morning, Lebanon - 29 minutes ago... “subprime” mortgage sector in which Americans with bad credit records are struggling to pay back housing loans given to them during the housing boom. ...
    2008-01-30 04:51:39

  • Housing slump leaves First Mariner in the red - Milwaukee Business Journal

    Housing slump leaves First Mariner in the redMilwaukee Business Journal, WI - 22 minutes ago... has no exposure to investments tied to the subprime mortgage market, and through a repurchasing program has bought back its non-performing Alt-A loans. ...
    2008-01-30 04:58:16

  • Senate panel passes $157 billion stimulus plan - Boston Globe

    Senate panel passes $157 billion stimulus planBoston Globe, United States - 17 minutes agoA downturn in the housing market, a subprime mortgage crisis, tightening credit markets and rising oil prices have lawmakers and some economists worried ...
    2008-01-30 05:02:49

  • How the rate cut will affect you - Newsday

    How the rate cut will affect youNewsday, NY - 16 minutes ago"It's not as if interest rates have come down 125 basis points, and you've seen a like adjustment in the mortgage rates being charged," he said. ...
    2008-01-30 05:04:13

  • Gov’t determined to make Turkey attraction center - Today's Zaman

    Gov’t determined to make Turkey attraction centerToday's Zaman, Turkey - 16 minutes agoLike all markets across the world, Turkish stocks are also being affected by this turbulence, which was triggered initially by the subprime mortgage loans ...
    2008-01-30 05:04:17

  • IMF: Global growth to be weakest - Today's Zaman

    IMF: Global growth to be weakestToday's Zaman, Turkey - 16 minutes agoThe IMF said no country will entirely escape the fallout from a crisis in the US subprime mortgage market, where loans made to less creditworthy borrowers ...
    2008-01-30 05:04:22

  • How will rate cut affect business? - Newsday

    How will rate cut affect business?Newsday, NY - 15 minutes agoMonte Redman, the president and chief operating officer of Astoria Federal Savings in Lake Success, said that while mortgage applications have continued to ...
    2008-01-30 05:05:16

  • Bi-Partisan Stimulus Package – Politics over Substance - Socialist Alternative

    Bi-Partisan Stimulus Package – Politics over SubstanceSocialist Alternative, WA - 12 minutes agoBy Tony Wilsdon As the subprime mortgage crisis has spread into a housing crisis and slowing economy, serous economic spokespersons are now predicting the ...
    2008-01-30 05:08:03

  • Builder Tousa files for bankruptcy - Trading Markets (press release)

    Builder Tousa files for bankruptcyTrading Markets (press release), CA - 5 minutes agoSpeculators hoping to make a quick profit flooded the market, while lenders offered exotic mortgage loans to buyers so they could purchase houses they ...
    2008-01-30 05:15:27

  • Brazilian economic boom transforming Latin America's largest nation - PR-Inside.com (Pressemitteilung)

    Brazilian economic boom transforming Latin America's largest nationPR-Inside.com (Pressemitteilung), Austria - 1 minute ago... mortgage on a 92000 real (US$51000, ¤34436) ) unit is a monthly family income of 3200 reals (US$1700, ¤1148) _ half what they needed for a similar loan ...
    2008-01-30 05:19:02

  • Fed Cuts Interest Rates by a Half-Point (NPR)

    Faced with a dramatically slowing economy, the Federal Reserve announced another big cut in interest rates Wednesday. The half-point cut was the second major move by the Fed in less than two weeks to loosen credit and calm fears of a painful recession.
    2008-01-30 04:44:05

  • Economic aid plans at-a-glance (Charleston Daily Mail)

    House: At least $300 to almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes, as long as they earned at least $3,000 in 2007. People paying income taxes could receive higher rebates of up to $600 per individual and $1,200 for couples.
    2008-01-30 04:46:30

  • Bill to stem foreclosures fails in state Senate (Los Angeles Times)

    Republicans say Perata's proposal would make lenders reluctant to do business in California. Legislation to slow residential foreclosures in California failed by a single vote in the state Senate today after Republicans balked at requiring lenders to talk personally with borrowers before they start the default process.
    2008-01-30 05:01:18

  • Fed Cuts Key Interest Rate By Half Point (CBS 3 Philadelphia)

    The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession.
    2008-01-30 05:03:39

  • S&P considers downgrading more than US$500B in downgrades of mortgage debt (Canadian Business)

    NEW YORK - Standard & Poor's Ratings Services is considering slashing its rating on more than US$500 billion of investments tied to bad mortgage loans, the ratings agency said Wednesday.
    2008-01-30 05:05:49

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