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Mortgage News

Mortgage rates drop for third week Friday, November 21, 2008 @ 12:07AMFalling bond yields from financial fallout pushing down financing costs for homes
National, ANZ follow rate cuts Friday, November 21, 2008 @ 12:07AMThe National Bank and ANZ have cut interest rates on a range of loans, hot on the heels of cuts by Westpac and Kiwibank yesterday.
Jaimini Bhagwati Friday, November 21, 2008 @ 12:07AMOn November 10, 2008 the credit default swap (CDS) spread for ICICI five-year senior US$ debt was around 8.3 per cent.
Fannie, Freddie halt foreclosures Friday, November 21, 2008 @ 12:07AMMortgage finance giants will suspend foreclosure for loans they owe during holidays
Asian benchmark index slumps to 5-year low, extend global rout Friday, November 21, 2008 @ 12:06AMAsian stocks fell, driving the region’s benchmark index to its lowest level since August 2003, as Japan’s exports declined the most in almost seven years and US consumer prices sank by a record.
(AFX UK Focus) 2008-11-20 23:57 TOPWRAP 12-No relief seen in global economic crisis Friday, November 21, 2008 @ 12:04AMBy Jackie Frank
[Sponsored] Friday, November 21, 2008 @ 12:04AM
Fair trade Friday, November 21, 2008 @ 12:03AMThe Property Misdescriptions Act 1991 is presenting problems for housing associations and residential developers in already tough economic times.
(AFX UK Focus) 2008-11-20 15:25 UPDATE 5-Alwaleed to boost Citigroup stake, but shares tumble Thursday, November 20, 2008 @ 3:50PMBy Jon Stempel and Dan Wilchins
Nitin Desai: The market for credit Thursday, November 20, 2008 @ 3:49PMEfficient markets require a clear link between the primary risk and subsequent layers of borrowing and lending. The market for credit is not like the market for potatoes. When I buy potatoes, I choose a vendor, select the spuds, pay the cash and that is the end of it.
Financial Stocks: Citi falls 12%, below $6 as financials weaken further Thursday, November 20, 2008 @ 3:48PMShares of Citigroup fell another 12% Thursday, falling below $6, as investors failed to draw confidence from a fresh investment in the company by its largest individual shareholder.
Staten Island Mall owner seeks bankruptcy counsel Thursday, November 20, 2008 @ 3:47PMStaten Island Mall owner General Growth Properties has hired law firm Sidley Austin as bankruptcy counsel as it negotiates with lenders for more time to restructure its $27 billion debt, according to a recent Wall Street Journal report. The move...
Ambac Rises After Canceling CDO Contracts at Discount (Update1) Thursday, November 20, 2008 @ 3:44PMNov. 20 (Bloomberg) -- Ambac Financial Group Inc. rose as much as 35 percent in New York trading after the bond insurer freed itself of contracts protecting $3.5 billion in collateralized debt obligations.
Most Read News Thursday, November 20, 2008 @ 7:01AMLIMA (Peru), Nov 20 (Bernama) -- Malaysia has proposed that credit rating agencies be governed by regulations and best practices at the ongoing Asia-Pacific Economic Cooperation (Apec) ministerial meeting here.
Haywood County arrests, citations Thursday, November 20, 2008 @ 6:54AMTiffany King Mintz, 37, 51 Rugrats Lane, Waynesville, was charged Nov. 10 with misdemeanor second-degree trespassing. James Frederick Bitting, 37, was charged Nov. 10 with two misdemeanor domestic violence protective order violations. No bond.
GOING GREEN Thursday, November 20, 2008 @ 6:53AMTotal Quality Management Supervisor Jim Anderson, right, aides Eastern Wyoming College students Clint Locock, left, and Brent Fox with the finishing touches before structural insulated panels go up.
Fears of economy-crippling deflation roil Wall Street Thursday, November 20, 2008 @ 6:51AMAfter gyrating wildly for weeks, the stock market lurched lower on Wednesday, falling to its lowest point in nearly six years, as concern spread that the economy might be beset by a chronic and debilitating decline in prices.
Shenandoah Life plans to merge with Indiana firm - roanoke.com Thursday, November 20, 2008 @ 6:48AMThe insurer expects to keep its name, Roanoke headquarters and 280 employees. Its investment portfolio battered by the subprime mortgage meltdown, Roanoke-based Shenandoah Life Insurance Co. said Wednesday it intends to merge with a large Indiana insurance company. The same day the company revealed a more than $60 million loss so far this year, it announced a plan to merge into OneAmerica ...
MARKET SNAPSHOT: U.S. Stocks Falling Amid Downbeat Economic Data Wednesday, November 19, 2008 @ 4:14PMU.S. stocks see-sawed up and down Wednesday, with key indexes significantly down by late morning, after the biggest-ever drop in consumer prices and another gloomy housing report offered little cheer to investors already fretting about the fate of the Big Three automakers.
Amended R-6 Zoning Could Affect Koogler Development Wednesday, November 19, 2008 @ 4:12PMELKTON — At its briefest public session in years, the Elkton Town Council quickly passed an amended R-6 zoning ordinance, went into an hour-long closed session to discuss police handling of a raid Saturday, and then adjourned — after just one hour of public meeting time.The new R-6 ordinance, which deals with high-density
Stocks Showing A Lack Of Direction In Mid-Morning Trading - U.S. Commentary Wednesday, November 19, 2008 @ 4:10PM(RTTNews) - After showing a lack of direction throughout the previous session, stocks are once again experiencing choppy trading Wednesday morning. The lackluster performance comes as traders digest some mixed corporate news and some key economic data.
US home construction sinks to new record low Wednesday, November 19, 2008 @ 4:09PMWASHINGTON - Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled...
Market falls on auto bailout woes Wednesday, November 19, 2008 @ 4:09PM U.S. stocks fell on Wednesday as fears about the diminishing prospects for a U.S. auto industry rescue grew, offsetting some gains in defensive stocks like drugs.
Case Grows Against Doctor Charged With Murder Tuesday, November 18, 2008 @ 11:26PMThe case is growing against a Stoneham doctor linked to a notorious murder case.
GE Capital to Pare Jobs, Assets to Save $2 Billion (Update3) Tuesday, November 18, 2008 @ 11:25PMNov. 18 (Bloomberg) -- GE Capital, the lending arm of General Electric Co. , will cut $2 billion in costs next year as it pares jobs, forms regional units and marks assets such as overseas home mortgages for possible sale amid a global financial crisis.
Man Accused Of Exposing Self On Bus Skips Court Date Tuesday, November 18, 2008 @ 11:23PMA bench warrant is issued for a man accused of exposing himself to two children on a city of Phoenix bus in July.
Wife’s move leaves Mickky red-faced Tuesday, November 18, 2008 @ 11:22PMTourism minister Francisco (Mickky) Pacheco has found himself in an embarrassing situation following allegations of “fraud” levelled against his business partner Viola Rosaline Fernandes by his wife Sara Pacheco.
Bailout Accountability Tuesday, November 18, 2008 @ 11:20PMFaced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the pool for mortgage guarantees to relieve skyrocketing home foreclosures.
Paulson and Bernanke appear before committee Tuesday, November 18, 2008 @ 11:20PMThe US treasury chief and central bank chairman have given evidence to the US Congress to defend their management of the $700 billion financial rescue program.
Madigan In Running For Empty Senate Seat? Tuesday, November 18, 2008 @ 7:07PMIllinois Attorney General Lisa Madigan was asked about speculation that she is in the running to replace Barak Obama in the U.S. Senate.
Deadbeat Trend: Distressed Homeowners Dodge Creditors in Texas Tuesday, November 18, 2008 @ 7:07PMThe state’s more-friendly laws are at the heart of the development
Mark Winston Griffith: The Bair Necessities Tuesday, November 18, 2008 @ 7:06PMAs reports emerge that FDIC chair Sheila Bair is being considered for Treasury Secretary, I am transported to a point in time over a year...
Canadians confront housing market with caution and confidence: survey Tuesday, November 18, 2008 @ 7:06PMResidential mortgage consumers remain remarkably positive as they weather the financial storm, according to a report released Tuesday by the Canadian Association of Accredited Mortgage Professionals (CAAMP).
News and Features for Rio Rancho, New Mexico Tuesday, November 18, 2008 @ 7:06PMCarol Nesbitt was a visionary in some ways, says Rio Rancho Mayor Tom Swisstack, with her ability to foresee the need to help people less fortunate, even as the city was in its infancy.
Your Money: Now IS a good time to buy a first home Tuesday, November 18, 2008 @ 7:04PMQ: What’s this first-time home buyer credit all about?
Third of Canadians expect home prices to fall Tuesday, November 18, 2008 @ 7:02PMMore than twice as many Canadians as last year say they expect home prices across the country to fall, according to a new survey by a national mortgage industry association.
Democrats support FDIC loan plan Tuesday, November 18, 2008 @ 7:01PM Democratic leaders in Congress on Tuesday threw their weight behind a proposal to use $24 billion in government funds to help struggling borrowers, a move opposed by the Bush administration.
Christmas Tree Farms Ready For Big Season Tuesday, November 18, 2008 @ 7:01PMWith the arrival of mountain Christmas trees just days away, growers and merchants are expecting good sales despite the economic downturn.
Borrowing rates stop rising Monday, November 17, 2008 @ 10:56PM After rising for much of last week, key lending rates hit the brakes Monday. Treasurys rose at the beginning of a week that economists expect will deliver a slew of ugly economic indicators.
Precious metals, energy prices fall Monday, November 17, 2008 @ 10:55PMNEW YORK - Gold and other precious metals prices fell Monday, as investors digested fresh signs of economic weakness, including a lackluster report on industrial production and more layoffs in the financial sector.
Record slump in property sales Monday, November 17, 2008 @ 10:53PMHouse sales volumes fell by a record amount in the first half of 2008, a report by economic consultants Infometrics shows.
Wall Street declines as investors dwell on deepening recession, banking system worries Monday, November 17, 2008 @ 10:53PMSara Lepro And Madlen Read November 17, 2008 - 4:33 p.m. NEW YORK (AP) - Wall Street finished sharply lower Monday as investors pored over more signs of economic weakness, including a huge round of layoffs in the financial sector.
Citigroup to raise credit card interest rates Monday, November 17, 2008 @ 10:52PMMISHAWAKA — Just in time for the holiday shopping season, paying for those gifts with plastic this year could cost you more.
The dollar rises against the euro, drifts lower against the pound in wake of G20 meeting Monday, November 17, 2008 @ 10:51PMNEW YORK (AP) - The dollar was mixed against major currencies Monday after a summit of world leaders in Washington failed to provide specific guidelines to ease the global financial crisis, while a reading of industrial production showed a bigger-than-expected rebound.
La., Feds Crack Down On Credit Repair Scams Monday, November 17, 2008 @ 10:51PMThe key to getting a car loan, home mortgage or any other loan is having good credit. And while some people are using credit counseling services to improve their credit scores, WDSU NewsChannel 6 found that some people are getting scammed.
Meltdown 101: Doling out Wall Street bonuses Monday, November 17, 2008 @ 10:50PMWall Street has long operated by one simple pay rule: To the victor go the spoils. If a firm does well, its people do well, getting splashy annual bonuses sometime in December or January.
Leaders pursue solution to crisis Sunday, November 16, 2008 @ 2:15PMWASHINGTON -- World leaders battling a historic economic crisis agreed Saturday to flag risky investing and regulatory weak spots in hopes of avoiding future financial meltdowns. President George W. ... - By JEANNINE AVERSA The Associated Press
Mount Olive aid future home owners Sunday, November 16, 2008 @ 2:11PMCourtesy Photo Pictured from the left, Provost at Mount Olive College TJ Arant and Alton Congleton assist MOC Project Coordinator and Habitat volunteer Susan Arant with a piece of plywood, which was applied to the Washington location in Pitt County.
Is world ready for a new financial system? Sunday, November 16, 2008 @ 2:10PMEver since a credit crunch that started with the US subprime mortgage crisis spread to other parts of the world, there have been mounting calls for reforming the current international financial system from all over the world.
Housing market tries to recover Sunday, November 16, 2008 @ 2:02PMCulpeper foreclosures at all-time high as home prices continue to fall