Mortgage and Financial News From 2008-3-17 Page 2

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  • Fed expected to cut interest rates by up to 1 point today (Dallas Morning News)

    WASHINGTON – Wall Street's eyes are on the Federal Reserve today as it tries to spark the sick U.S. economy back to health. Many investors believe the Fed will slash short-term interest rates by a full percentage point.
    2008-03-17 10:54:19
  • Wall St. insider Paulson shows bargaining skills (Whittier Daily News)

    WASHINGTON - Treasury Secretary Henry Paulson, the consummate Wall Street baron who amassed a fortune at investment giant Goldman Sachs, is applying his insider knowledge to help manage a credit-market meltdown.
    2008-03-17 10:56:24
  • (AFX UK Focus) 2008-03-18 05:50 GMT: Philippine shares close lower for 4th straight day on US concerns - UPDATE (Interactive Investor)

    MANILA (Thomson Financial) - Philippine shares closed lower for the fourth straight session on Tuesday as investors remained worried about the global economic outlook although some managed to pick up bargains in the battered property sector.
    2008-03-17 10:57:30
  • Till death us do part - the mortgage that never retires (Parkes Champion-Post)

    RISING house prices have dashed most people's chances of owning their homes outright by the age of 60, as was once the norm.
    2008-03-17 10:57:58
  • How subprime killed Bear Stearns

    CNN Money - ... hedge funds, insurance companies and non-bank lenders. No place like home The roots of the current crisis lie in the euphoria of the real estate boom.
    2008-03-17 01:39:00
  • Why top jobs elude women

    News.com.au - Why have women been appointed as CEOs of just five ASX 200 companies since 2004? ... 6. Great Australian dream becoming a joke 7. Macquarie sacks mortgage staff 8. Party's over as house sales fail 9. Why the top ...
    2008-03-17 06:18:00
  • World markets plunge after buy-out

    Enfield and Haringey Independant - ... Stearns and a spreading crisis of confidence in the global financial system sparked by problems in the US sub-prime mortgage ... The credit crunch has now seen the value of the UK's top 100 companies fall by nearly 20% since the Footsie reached seven ...
    2008-03-17 08:13:00
  • Is it a recession? Wrong question!

    Charleston Regional Business Journal - In this case, the dealers feeding our habit were banks, mortgage companies and others in the credit markets, all trying to shove as much “easy credit” down our throats as we’d accept.
    2008-03-17 10:47:00
  • UPDATE 1-S.Korea firms put $433 mln into Bear Stearns

    Reuters - The amount is not too big in terms of size, compared with local companies' exposure to subprime mortgage-related assets," the statement added.
    2008-03-16 05:58:00
  • Sound Off

    Eagle-Tribune - Mortgage companies There is something very wrong going with the mortgage companies. All these foreclosures and yet a co-worker of mine has put reasonable offers (at least 95 percent of the lender's asking price) on three of these properties in Lawrence
    2008-03-17 11:59:00
  • Federal Assistance Raises Issues Of Risk

    Hartford Courant - Still, some fear that the mortgage crisis that engulfed Bear Stearns will soon spread to other companies and ultimately test the Fed's resources, especially after the central bank last week said it would lend as much as $200 billion in exchange for ...
    2008-03-17 06:32:00
  • Someone's Loss Was His Gain

    Boston Globe - While banks and mortgage companies are not especially keen on taking back properties, says Vincent Valvo, the Warren's Group's publisher, they also are not inclined to unload homes at fire-sale prices.
    2008-03-15 11:43:00
  • F.D.R.’s Safety Net Gets a Big Stretch

    New York Times - That risk has come to the fore in the last several months, as several mortgage companies and smaller financial institutions have failed. This week Carlyle Capital, a highly leveraged lender formed by the Carlyle Group, a private equity fund ...
    2008-03-14 05:53:00
  • Investor greed hits home for Bear, families

    Minneapolis Star Tribune - Wall Street is out of our regulatory realm," said Glenn Wilson, the Minnesota commerce commissioner, who spent 30 years with local banking and mortgage companies before becoming a regulator in 2003.
    2008-03-16 05:58:00
  • U.S. GSEs near deal to issue stock, get capital-sources

    CNBC - Such a deal would likely be preferable to the Bush administration than giving the companies or their bonds direct support of the U.S. Treasury, which was rumored this month, an executive at a California-based mortgage lender said.
    2008-03-17 05:14:00