Mortgage and Financial News From 2008-2-29 Page 13
Previous Day: 2008-02-28
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Bonds fall as mortgage limits are lifted
CNN Money - NEW YORK (AP) -- Treasury prices fell Wednesday after regulators said they will lift limits on the investment portfolios for mortgage companies Fannie Mae and Freddie Mac, a move expected to bring new capital into the ailing housing market. The ...
2008-02-27 09:27:00 -
Will Britain's financial future get any worse?
Daily Telegraph - He was reflecting on a changed mood in the banking community, evidenced by numerous mortgage lenders - from Alliance ... the history of the bitter recession of the early 1990s does not encourage us to think that the banks will follow his advice ...
2008-02-29 04:09:00 -
Home Comforts
Forbes - Mortgage companies are hurting right now. People are being laid off. But the fact is the conditions in the market are extremely favorable to anybody who is really interested in doing something.
2008-02-29 12:38:00 -
Tax swaps, dumb fixes, drought
Atlanta Journal Constitution - AJC columnist Bill Husted’s computer advice applies to government as well, especially on housing. The president promises to veto a Democratic bill that would change bankruptcy law to allow a judge to cut mortgage interest rates and reduce what’s ...
2008-02-29 04:24:00 -
Democrats' Agenda: Homes, Oil, Populism
Forbes - Congressional Democrats are turning to more populist, economic themes like mortgage foreclosures and big oil companies' profits now that military progress in Iraq is generating mixed political reviews. Even when they talk about the war, Democrats ...
2008-02-29 11:19:00 -
Pimco's Gross Plans to Buy Municipal, Mortgage Debt (Update3)
Bloomberg - ... Management Co. said he's taking advantage of slumping prices for ``high quality'' assets as financial companies sell holdings to stave off default. Peloton Partners LLP, the London-based hedge- fund manager, this week joined Thornburg Mortgage Inc ...
2008-02-29 12:02:00 -
Housing market silver linings
MyFinances.co.uk - Tremors in the mortgage and property markets have failed to deter house-hunters with 44 per cent admitting they still planned to invest. A survey of over 300 house-hunters by advice website HotProperty.co.uk revealed a high proportion of potential ...
2008-02-29 05:07:00 -
Borrowers Abandon Mortgages as Prices Drop
Wall Street Journal - But mortgage-industry executives and consumer counselors say they are starting to see people who aren't in dire financial ... from $10,000 to $300,000," says John Maddux, co-founder of YouWalkAway.com, which charges borrowers about $1,000 for advice.
2008-02-29 10:22:00 -
Movers: Freddie Mac, Thornburg Mortgage, Sprint Nextel, Sears
BusinessWeek - Thornburg Mortgage ( TMA ) says in annual report filed with SEC that that since Feb. 14, it has met more than $300 million of ... Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of ...
2008-02-28 09:26:00 -
Rental plan to ease mortgage pain
News.com.au - Today data was released showing the proportion of family income required to meet average mortgage repayments on a new housing ... Advice given on this site is general advice and does not take into account your objectives, financial situation or needs.
2008-02-28 04:06:00 -
State announces $1.5 million mortgage aid plan
Des Moines Register - Iowa is ramping up its battle against mortgage foreclosures with a plan to provide money management advice for people with financial problems, and add Spanish language services. Under plans announced Thursday by the Iowa Attorney General and Iowa ...
2008-02-28 12:17:00 -
Home Ownership and the Single Woman
Street.Com - Her loan payment comes to be about $900 a month. "I was going to do a seven-year adjustable-rate mortgage, but I wasn't sure I would be living there that long," says Gatto. A bit of advice for fellow female home buyers, says Gatto, is stay ...
2008-02-29 08:27:00 -
Mortgage misery as hundreds lose homes
This Is Bolton - Anyone struggling with their mortgage or with any other housing problem should go to www.shelter.org.uk or call a free housing advice line on 0808 800 4444.
2008-02-29 10:00:00 -
Foreclosure advice: Get help early
Battle Creek Enquirer - Hanging by a thread over the abyss of foreclosure, Battle Creek-area homeowners came to a town hall meeting on the mortgage-loan problem looking for a lifeline. But even if the advice they got was on how to recover from losing their home, there was ...
2008-02-29 06:04:00 -
UK house prices endure worst run since 2000
Daily Telegraph - The Bank of England has already cut interest rates twice in recent months, leaving them at 5.25pc, but members of the ... Housing demand is weak due to stretched valuations, as is mortgage supply on account of the credit crisis.
2008-02-29 11:40:00
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