Mortgage and Financial News From 2008-3-17 Page 11

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  • States' Budget Crises Will Hurt Millions (San Francisco Chronicle)

    Financially strapped states are looking to take away government health insurance and benefits from millions of Americans already struggling with a souring economy. An Associated Press review of the budgets in all 50 states reveals coverage would be...
    2008-03-17 10:49:05

  • Homeowners dream up extreme incentives to bait home buyers (WSLS Newschannel 10 Roanoke)

    NEW YORK (AP) - Frustrated as her house languished on the market for three straight summers, J.J. Rodgers is trying a new sales tactic: giving the two-story home away in an essay contest.
    2008-03-17 10:50:24

  • Edeus moves into new head office (Money Marketing Online)

    Edeus has moved into a new office space in Wolverhampton and claims it demonstrates its long-term commitment to the mortgage market.
    2008-03-17 10:53:30

  • Tuesday, March 4, 2008 3:12 PM EST (The Business Ledger)

    Wilmington Mayor James M. Baker and Gregory Pettinaro, CEO of Pettinaro Company, announced that Pettinaro has secured five new leases in three of the company's Christina Riverfront properties in Wilmington.
    2008-03-17 10:53:33

  • David M. Abromowitz: Selective Bailouts: Help for Wall Street, Not Your Street (HuffingtonPost)

    The Wall Street holders of overvalued mortgage pools are too important to fail, but homeowners drowning in debt are told to keep paying not matter what.
    2008-03-17 10:53:45

  • WL Ross to buy Option One Mortgage for $1.1B (BizJournals)

    An affiliate of WL Ross & Co. LLC will acquire H&R Block's mortgage servicing company, which includes an office in Jacksonville, for about $1.1 billion.
    2008-03-17 10:54:05

  • Homebuilder sentiment still low (CNN Money)

    Expectations for new home sales remains near third-lowest level, according to report from the National Association of Home Builders.
    2008-03-17 10:55:16

  • U.S. Global Investors Funds Earn Lipper Awards

    Forbes - Current performance may be higher or lower than the performance data quoted. ... Bond funds are subject to interest-rate risk; their value declines as interest rates rise.
    2008-03-17 08:24:00

  • Migrant workers winning on pay

    News.com.au - The Howard government introduced the current 457 visa regime in response to a skills crisis crippling growth industries ... have worsened, with the Rudd Government citing them as a key contributor to upward pressure on inflation and interest rates and ...
    2008-03-17 08:53:00

  • Forex - Dollar, pound under pressure as credit fears escalate

    Forbes - It was oversubscribed by five times, indicating the demand for such liquidity in the current climate. ... to reintroduce liquidity to markets fail to have the desired effect, the Bank of England may be prompted to cut interest rates ...
    2008-03-17 05:54:00

  • How bad is the mortgage crisis going to get?

    CNN Money - My preferred metric is the ratio of home prices to rental rates. ... But the current problem is still pretty awesome. ... re heading to zero, and that there's going to be a Japan-style ZIRP, zero-interest ...
    2008-03-17 09:43:00

  • After hitting new high, euro falls back in European trading

    CNBC - Commerce Department said that the deficit in the current account dropped by 9 percent last year to US$738.6 billion. ... Lower interest rates can jump-start a nation's economy, but can also weigh on its currency as traders transfer funds to ...
    2008-03-17 08:10:00

  • Asia: Buried By Bear Stearns News

    Street.Com - ... Spain -- Markets in Asia plunged while the Japanese yen surged to a high Monday, after the Federal Reserve cut interest rates by ... Japanese exporters, which face big losses for the first quarter on products sold overseas if the yen stays at current ...
    2008-03-17 04:28:00

  • Wall Street dives as markets look to next victim

    Times Online - ... will meet with Heny Paulson, the US Treasury Secretary, and Ben Bernanke, chairman of the US Fed, to discuss the current ... Surely the exposure of our banks to the American problem lies in the disparity between our respective interest rates.
    2008-03-17 07:05:00

  • The Financial Meltdown

    CBS 4 South Florida - The collapse of the dollar is linked to the cutting of interest rates and a fear from global markets of the current economic downturn in the U.S.
    2008-03-17 09:14:00

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