Mortgage and Financial News From 2008-1-29 Page 48

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  • Text of President Bush's final State of the Union address (San Diego Union-Tribune)

    Prepared text of President Bush's final State of the Union address Monday, as provided by the White House.
    2008-01-29 08:41:03

  • Brokers' View: Citi lowers target price for AMMB (Business Times (Malaysia))

    CITI Investment Research is maintaining its "sell/low risk" rating on AMMB Holdings Bhd, citing slower-than-expected operating improvements. The foreign-owned research house is lowering its target price for AMMB shares to RM3.55.
    2008-01-29 09:17:35

  • RealtyTrac: U.S. homes in some stage of foreclosure soared 79% in '07 (Pittsburgh Post-Gazette)

    LOS ANGELES -- The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said today. ...
    2008-01-29 08:53:46

  • IMF lowers global growth forecast, citing financial crisis (Channel NewsAsia)

    WASHINGTON : The International Monetary Fund on Tuesday lowered its 2008 global growth outlook, citing a US slowdown and financial market turmoil that have put emerging economies at risk.
    2008-01-29 09:19:29

  • Indiana among top 10 states in number of foreclosures (The Times of Northwest Indiana)

    LOS ANGELES - The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year.
    2008-01-29 09:00:15

  • Fed weighs another rate reduction (WLUC Marquette)

    Posted: Tuesday, January 29, 2008 at 12:13 p.m. WASHINGTON (AP) -- Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
    2008-01-29 09:25:11

  • (AFX UK Focus) 2008-01-29 16:30 GMT: House to limit FHA expansion to 1 year (Interactive Investor)

    WASHINGTON (AP) - Under pressure from the Bush administration, House lawmakers have scaled back a piece of an economic stimulus package designed to boost the ailing housing market, an aide said Tuesday.
    2008-01-29 09:02:55

  • Bush urges passage of stimulus plan in last State of the Union (CentralOhio.com)

    WASHINGTON -- In his final State of the Union speech to a nation teetering on recession, President Bush urged a fractious Congress to pass his economic stimulus plan meant to put money back in consumers' pockets and touted the hard-won military gains in Iraq during the last year.
    2008-01-29 09:12:37

  • U.S. stocks mostly higher on strong data, rate-cut hopes (Market Watch)

    U.S. stocks were mostly higher Tuesday after a surprisingly strong rise in December durable-goods orders, and as investors anticipated another interest-rate cut from the Federal Open Market Committee.
    2008-01-29 09:17:03

  • ALL BUSINESS: Lending Windows Still Open (AP via Yahoo! Finance)

    If recessions could have a sound, it would be the slam! of lending windows shutting at banks. No wonder: when businesses and consumers have trouble borrowing money, economic growth may grind to a halt.
    2008-01-29 09:17:25

  • Number of US homes in some stage of foreclosure soared 79 percent in 2007, data shows (Times-Reporter)

    Updated at 10:39 a.m. LOS ANGELES (AP) – The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday.
    2008-01-29 09:21:57

  • Editorial: Warnings don’t help economy (Jan. 23)

    Albany Democrat-Herald - ... again duing this administration with deregulation forming the sub prime mortgage ... assuming the house value would go up and the sub-prime borrower could refinance ... Scorpion was also a fast attack and did the same job my boat did: collect information ...
    2008-01-27 03:54:00

  • Rebate, boost to housing loan limit won't go far

    Los Angeles Daily News - ... senior financial analyst at Bankrate.com, a tracker of financial rate information ... no more than 35percent of the gross household income can be used for the mortgage ... It opens a refinance window. "You're still going to have an increase in the ...
    2008-01-25 03:57:00

  • Bush: Approve stimulus plan

    Poughkeepsie Journal - With mortgage foreclosures rising, Bush also called for reform of mortgage finance ... and for state housing agencies to issue tax-free bonds aimed at helping refinance ... libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information ...
    2008-01-28 11:53:00

  • Home foreclosure rate soars in 2007

    Miami Herald - Many homeowners started to fall behind on mortgage payments in the last three ... home values ate into homeowners' equity, making it harder for many to refinance ... The Miami Herald is pleased to provide this opportunity to share information ...
    2008-01-29 07:59:00

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