Mortgage and Financial News From 2007-12-14 Page 3

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  • Lawmakers seek to boost home-buying benefit - Army News, opinions, editorials, news from Iraq, photos, reports - Army ... (Army Times)

    The House Veterans’ Affairs Committee is focusing on how to use the veterans’ home loan program to help service members and veterans who risk losing their homes.
    2007-12-14 11:51:39
  • Inflation Jumps on Fuel, Energy Costs

    Washington Post - The inflation report was bad news for investors and analysts hoping that the Fed would continue cutting interest ... point on Tuesday, the third straight reduction it has made in response to a slowing economy and the crisis in the mortgage and credit ...
    2007-12-14 08:21:00
  • SuperSIV fund is "not derailed" by Citi news-investor

    Forbes - Treasury-backed plan to rescue troubled investment funds from the subprime mortgage ... that banks use to buy high-yielding assets, could buckle amid the current credit ... Before confidence returns, "the investors have to know that there's no more bad ...
    2007-12-14 01:48:00
  • 2008: Global economy to grow at a slower pace, beset by credit crisis ...

    CNBC - NEW YORK - The world economy, buffeted by the credit crisis gripping financial ... everywhere in the OECD area, the baseline scenario ... is actually not that bad ... Fed officials signaled that further cuts were possible if housing and mortgage ...
    2007-12-14 09:16:00
  • UPDATE 1-Regulators, markets challenge Manor Care buyout

    Reuters - In addition to regulatory woes, the credit crunch born from bad U.S. residential loans has taken a bite out of demand for commercial mortgage-backed securities, which will be used to raise $4.6 billion for the Manor Care buyout. The issue, which ...
    2007-12-14 01:05:00
  • Central Banks Move To Ease Credit Squeeze Caused By Lending Crisis

    Ananova - The central banks are trying to calm investors' continued fears about the effects of the US mortgage crisis. This has led to a credit squeeze as ... weeks some of the world's leading financial groups have admitted to losing billiions of pounds through bad ...
    2007-12-14 07:10:00
  • Senate Moves to Ease Mortgage Woes

    Time - ... the eligibility for counseling for homeowners having difficult with their mortgage ... The Senate's proposed changes are especially important now, given the credit crisis ... What Parents Need to Know High-Dose Chemo Doesn't Help Breast Cancer Is India Bad ...
    2007-12-14 02:02:00
  • The Fed's tightrope act (CNNMoney.com via Yahoo! Finance)

    The financial services industry is reeling due to exposure to bad subprime mortgage loans. The Federal Reserve has cut interest rates three times in a row and Wall Street is crying out for more.
    2007-12-14 07:08:00
  • Help, not miracles, from central banks (FT.com via Yahoo! News)

    You have a house, a large mortgage and all the usual bills keep coming through the letterbox: electricity, gas, telephone, credit card. You are committed to building an extension to your house, but loans have become expensive and it would use up all of your savings. To make matters worse the housing market is looking shaky.
    2007-12-14 11:50:19
  • Summary of Findings

    People Press - In November, these figures were roughly the reverse, with 50% naming Clinton and 15% Obama. Whites were also more likely to ... The proposal would freeze interest rates for the next five years on certain adjustable rate mortgages. Most Americans (70 ...
    2007-12-13 12:09:00
  • Business briefs: Sarasota now has flights to Miami

    Herald Tribune - WASHINGTON -- Freddie Mac, the mortgage company, reported that 30-year, fixed-rate mortgages averaged 6.11 percent. That was ... say it will "continue to evaluate the need for the use of other tools, including further Treasury bill redemptions, reverse ...
    2007-12-14 11:17:00
  • Citigroup Alters Course, Bails Out Affiliated Funds

    Wall Street Journal - Pandit decided to reverse repeated assurances by Citigroup executives that the SIVs would stay off the bank's books. The bank ... other major initiatives include an effort to prod mortgage-servicing companies to ease the terms of certain mortgages that ...
    2007-12-14 04:36:00
  • European Bonds Set for Weekly Drop on Signs of Faster Inflation

    Bloomberg - ... favoring bonds,'' said Wilson Chin, a European bond strategist for ING Bank NV in Amsterdam. ``The U.S. data helped reverse ... averaged 25 basis points in the first half of the year, before losses on securities linked to U.S. subprime mortgages ...
    2007-12-13 11:00:00
  • States Offer Aid for Homeowners, but Help Few

    Smart Money - I was told by my Dad that this was the exact samething that happened in 1929.All these proposed deals -Zero down mortgages, Credit card consolidation loans, Reverse mortgages, etc. -to help out the over-extended, poor credit risk individual,due not ...
    2007-12-12 03:59:00
  • Absolutely everything Tokyo is not

    Financial Times - This distinguishes the rough-and-ready western city from Tokyo, the eastern capital, where people do precisely the reverse ... futures trading, conducted in the Dojima Rice Market from 1730, long before derivatives and the rebundling of dud mortgages ...
    2007-12-14 10:13:00