Mortgage and Financial News From 2008-3-17 Page 18

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  • The rush to refinance

    News.com.au - THE decision by banks to whack on a bit more after the last two Reserve Bank interest rate rises means that ... Party's over as house sales fail Home loans: The rush to refinance Softening:
    2008-03-16 08:57:00

  • 03-17-08 EUR ALL ON ONE PAGE (Eurweb)

    Collaborators on Usher’s new album ‘Here I Stand,’ due in June, reveal that he’s all ‘growed’ up now…if his new material is any indicator. They say the new husband and father will give his fans a blend of mature music and songs that will give the women something to move to.
    2008-03-17 12:04:14

  • Despite Fed's action, mortgage rates not dropping (Sun-Sentinel)

    Fed's cuts haven't reduced rates on home mortgages South Floridians are inundating lenders and mortgage brokers with requests to lower their house payments, reacting to the Federal Reserve's recent interest-rate cuts.
    2008-03-17 12:15:59

  • Q&A: Loan execs urge troubled homeowners to hang on (The Sacramento Bee)

    As the economy increasingly buckles beneath the pressures of mortgage delinquencies and foreclosures, a big question rises to the top: What to do about it?
    2008-03-17 12:16:17

  • That sinking feeling (The News Journal)

    From the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it.
    2008-03-17 01:02:55

  • How bad is the mortgage crisis going to get? (CNN Money)

    If there is any word that captures the mood in the economy right now, it's uncertainty, along with shadings of bafflement and distrust. We have never seen a credit crisis quite like this. What's next?
    2008-03-17 02:10:06

  • The PMI Group, Inc. Reports Fourth Quarter and Year End 2007 Financial Results (PR Newswire via Yahoo! Finance)

    The PMI Group, Inc. today reported a net loss for the full year 2007 of $915.3 million, or $10.81 per basic and diluted share.
    2008-03-17 03:00:00

  • Be careful if relatives ask for a financial bailout

    Seattle Post Intelligencer - THE MORTGAGE BANKERS ASSOCIATION has delivered more bad news about the housing market. ... Can we put a disclaimer on the money that they must see a credit counselor?" she asked.
    2008-03-13 05:54:00

  • WaMu CEO gets 21 percent pay cut

    CNBC - ... the mortgage and credit ... and credit markets." WaMu's shares shed nearly 70 percent during 2007 as the housing crisis deepened. The sinking value of WaMu's mortgage portfolio and soaring loan-loss provisions -- the amount it socks away to cover bad ...
    2008-03-13 05:54:00

  • Loans too easy to obtain, some experts claim

    Chicago Tribune - ... in subprime loans, ones to people with blemished credit records. Patrick Flanagan, president of New Century's mortgage ... the housing market cools, many low-doc loans will go bad, predicts Michael Menatian, president of Sanborn Corp., a mortgage ...
    2008-03-15 05:59:00

  • Buy Signals Abound in U.S. Stocks Near Bear Market (Update1)

    Bloomberg - ... on March 14 after Bear Stearns, the second-largest underwriter of U.S. mortgage bonds ... before we see a floor in equity values,'' said Bob Parker , vice chairman of Credit ... It would be a mistake for investors to rule out an unusually bad outcome,'' said ...
    2008-03-16 09:54:00

  • Hong Kong shares sharply lower as Bear Stearns woes heighten credit ...

    Forbes - ... Shares prices were sharply lower midmorning, tracking Wall Street's declines as credit ... But the moves failed to calm investors, who were worried that more bad news could be on the way from financial institutions hit by mortgage sector troubles.
    2008-03-15 05:59:00

  • A Red Flag for Bank Liquidity

    BusinessWeek - Unfortunately for the company, that business—mortgage-backed bonds—has been the center of the credit meltdown until recently. ... of the asset value in its portfolios during the second half of 2007, much of it because of bad ...
    2008-03-16 11:56:00

  • Wall Street Looking For Answers To Stream of Bad News From Credit ...

    FOX News - Wall Street Looking For Answers To Stream of Bad News From Credit Crisis ... other, investors are more anxious than they've been in years; many didn't believe the credit crisis that began last year due to spiking mortgage ...
    2008-03-15 05:59:00

  • WaMu credit rating cut by Moody's; shares fall

    Seattle Times - The company lost 70 percent of its value in 2007 as mortgage defaults rose and the lender set aside more money to cover bad loans. "The board is going to consider credit management when they determine executive performance in 2008," said Derek Aney, a ...
    2008-03-15 12:12:00

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