Mortgage and Financial News From 2008-3-17 Page 01

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  • Singapore shares turn lower at midday amid continued US economic ...

    Forbes - ... as investors remained cautious ahead of the Federal Open Market Committee meeting tonight, when key US interest rates are ... recession in the world's biggest economy, which is reeling from a housing market slump, rising unemployment and mortgage ...
    2008-03-17 10:14:00
  • Rescue Me: A Fed Bailout Crosses a Line

    New York Times - It is also the owner of EMC Mortgage Servicing, one of the most aggressive subprime mortgage servicers out there. Bear’s default rates on so-called Alt-A mortgages that it underwrote also indicates that its lending practices were especially lax ...
    2008-03-15 05:59:00
  • Should you buy or should you hold off?

    Chicago Tribune - Mortgage rates: Loan costs are extremely attractive. As long as you are not borrowing more than $400,000, give or take, you can find fixed-rate, 30-year mortgages at less than 6 percent.
    2008-03-14 05:53:00
  • Restoring Confidence

    Washington Post - What started last summer as a serious problem in a little-known -- but not so little -- corner of the U.S. mortgage market has ... Chairman Ben Bernanke and the Fed have been working overtime; they have slashed interest rates and lent or offered money to ...
    2008-03-17 08:56:00
  • Fed expected to cut interest rates by up to 1 point today

    Dallas Morning News - Many investors believe the Fed will slash short-term interest rates by a full percentage point. ... Suppose another Wall Street firm gets into trouble over mortgage-backed securities and no one wants to buy it?
    2008-03-17 10:43:00
  • Obama, Clinton Cite Economic Distress

    NWITimes.com - Congress is on a two-week break, but when lawmakers return Senate Democrats will try to overcome Republican objections and pass their housing package, including a measure that allows bankruptcy judges to adjust mortgage rates.
    2008-03-17 10:07:00
  • Interest rates versus inflation

    News.com.au - EVERYONE loses when interest rates rise - even those who think they are winners. ... And even those who have paid off their mortgage and have cash sitting in the bank lose to some degree, thanks to the nasty ...
    2008-03-17 09:53:00
  • House market downturn spreads

    News.com.au - But the big banks have raised their home loan rates by more than the RBA rises due to rising wholesale credit costs, which have escalated following the US sub-prime mortgage crisis. Variable home loan rates now stand at around 9.3 per cent, an 11 ...
    2008-03-17 07:08:00
  • Macquarie shuts down US mortgage operation

    Financial Standard - While we are ceasing new mortgage applications, the quality of Macquarie’s US mortgage portfolio remains high with no sub-prime exposure and very low default rates.
    2008-03-17 05:28:00
  • Mortgage rates frustrate buyers

    Denver Post - Mark and Nona Comerford were house- shopping in January; mortgage rates shot up before they could close a deal. ( John Prieto, The Denver Post ) Mark Comerford was ready to become a homebuyer when 30-year mortgage rates dipped below 5.5 percent in ...
    2008-03-14 05:53:00
  • Mortgage Newsletter

    Colleyville Courier - Mortgage Newsletter Looking for mortgage newsletter ? Search in your local area now. http://JustClickLocal.com/ Mortgage Professional Fed Cut Rates!
    2008-03-17 03:26:00
  • Australia 'well placed to ride out storm'

    News.com.au - Australia's financial situation sound, Swan says Treasurer says mortgage defaults not at US levels Comments come as another rates rise looks likely TREASURER Wayne Swan has sought to reassure nervous financial markets that Australia’s economy is ...
    2008-03-17 09:39:00
  • Jumbo mortgage loan rates coming down slowly

    San Francisco Gate - January February March April May June July August September October November December 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 No matter what the Federal Reserve does to grease the credit wheels, it seems that mortgage ...
    2008-03-15 11:36:00
  • In Fed we trust, but can it get us out of this mess? (USA Today)

    As the Fed meets Tuesday consider another deep cut in the short-term lending rate that influences a broad swath of consumer and business loans, concern is growing that even its most aggressive efforts may not be sufficient to ease an unprecedented global credit crunch and to keep the U.S. economy and world financial system on track.
    2008-03-17 10:51:34
  • Around the nation (Houston Chronicle)

    A security breach at an East Coast supermarket chain exposed more than 4 million card numbers and led to 1,800 cases of fraud, the Hannaford Bros. grocery chain announced Monday.
    2008-03-17 10:52:14