Mortgage and Financial News From 2008-1-29 Page 50

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  • Countrywide still top mortgage lender

    MSN MoneyCentral - While last year was quite volatile for U.S. mortgage bankers, recent actions by the Federal Reserve as well as a flight to quality by investors has helped push mortgage rates lower," says Sam Garcia, MortgageDaily.com publisher. "As a result ...
    2008-01-27 03:54:00

  • HK shares gain on rate cut hopes, seen rangebound

    Forbes - The prospect of lower mortgage rates at a time when the city's economy is thriving should spur home sales and prices, and benefit developers. Europe-focused apparel retailer Esprit Holdings vaulted 3.5 percent to HK$98.4 a day before its first-half ...
    2008-01-29 12:43:00

  • One-week Euribor interest rates rise to two-week high

    Reuters - They surged on the back of credit market tensions in early August caused by concerns about euro zone banks' exposure the U.S. subprime mortgage crisis. Over the past month concerted central bank action has pushed market rates down and at 1012 GMT, the ...
    2008-01-29 02:09:00

  • Stocks waver ahead of Fed decision

    MSNBC - The embattled mortgage lender Countrywide Financial Corp., which was recently bought by Bank of America Corp., posted a sharp loss, as expected, due to its missteps in subprime lending. Countrywide rose 33 cents to $6.28. The Russell 2000 index of ...
    2008-01-29 07:02:00

  • ROUNDUP UK's FSA warns of trouble ahead as business models come under ...

    CNBC - Carlson said that even if the Bank of England cuts interest rates in the months ahead, the tightening of credit conditions means "it's not clear how that sort of interest rate cut will translate into a reduction in consumer mortgage rates ...
    2008-01-29 07:45:00

  • State’s real estate slowdown continues

    Patriot Ledger - Plymouth County condo sales volume fell 16 percent and prices dipped 10 percent to $235,000. Sellers are hoping that lower mortgage rates will reignite interest in the market. Concerns about the economy have rattled the markets and prompted the ...
    2008-01-29 06:55:00

  • tocks Mixed As Early Gains Fade - CNNMoney.com

    tocks Mixed As Early Gains FadeCNNMoney.com - 33 minutes agoDue to troubling housing market conditions, the mortgage lender set aside $924 million. Countrywide also booked an impairment charge of $831 million tied to ...
    2008-01-29 07:36:20

  • Home ownership in record plunge - SI.com

    Home ownership in record plungeSI.com - 29 minutes agoNEW YORK (CNNMoney.com) -- The housing and mortgage meltdown caused the biggest one-year drop in the rate of homeownership on record, according to ...
    2008-01-29 07:40:40

  • S&P: Home Prices Plunge in November - The Associated Press

    S&P: Home Prices Plunge in NovemberThe Associated Press - 29 minutes ago"Maybe when we get into the spring/summer home-buying season and with lower interest rates, maybe it will all come together." The broader 20-city composite ...
    2008-01-29 07:40:47

  • Silent Pact between Bankers and Taxman Could Cost You Your Home ... - PR Web (press release)

    Silent Pact between Bankers and Taxman Could Cost You Your Home ...PR Web (press release), WA - 25 minutes agoSo what do you do when the buyers disappear, prices plummet, rates shoot up, and you can't afford the mortgage? According to Bill Tyler of Certified Tax ...
    2008-01-29 07:45:11

  • PIMCO's Bill Gross sour on stimulus - Globe and Mail

    PIMCO's Bill Gross sour on stimulusGlobe and Mail, Canada - 24 minutes ago“Those yields produced 5 per cent 30-year mortgage rates to the homeowner for a two- to three-month period in 2003 and they could do so again, ...
    2008-01-29 07:45:46

  • BGS3 Helps Homeowners Avoid Foreclosure - Primenewswire (press release)

    BGS3 Helps Homeowners Avoid ForeclosurePrimenewswire (press release), CA - 24 minutes ago"President Bush has provided a much needed solution to the national foreclosure problem in signing HR 3648 -- The Mortgage Forgiveness Debt Relief Act of ...
    2008-01-29 07:45:47

  • WaMu to open up to 200 new branches, CEO applauds rate cuts - Seattle Post Intelligencer

    WaMu to open up to 200 new branches, CEO applauds rate cutsSeattle Post Intelligencer - 21 minutes agoKillinger emphasized WaMu's late 2007 decision to shut down its subprime mortgage lending operation and other high-risk businesses and focus on products the ...
    2008-01-29 07:48:48

  • Wall Street mixed as Federal Reserve starts 2-day meeting on ... - San Diego Union Tribune

    Wall Street mixed as Federal Reserve starts 2-day meeting on ...San Diego Union Tribune, United States - 19 minutes agoThe embattled mortgage lender Countrywide Financial Corp., which was recently bought by Bank of America Corp., posted a sharp loss, as expected, ...
    2008-01-29 07:50:26

  • Analysis: US reaches milestone dependence on foreign funds with ... - Business Intelligence Middle East (press release)

    Analysis: US reaches milestone dependence on foreign funds with ...Business Intelligence Middle East (press release), United Arab Emirates - 19 minutes agoThis largely means that billions of dollars in mortgage payments will be collected and sent to the foreign owners of these mortgages. ...
    2008-01-29 07:51:18

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