Mortgage and Financial News From 2008-2-28 Page 5

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  • Lawmakers clash on mortgage bill, bankruptcy changes

    Houston Chronicle - ... Republicans blocked a Democratic bid to let bankruptcy courts ease the burden on borrowers who can't make their mortgage ... Many of them are modest-income buyers who made little or no down payment on their houses and took loans that allowed ...
    2008-02-28 03:09:00

  • Your say: Over-committing on mortgage payments

    ninemsn - Are you paying off a mortgage and feeling the pinch? Do you know anyone who has lost their home after defaulting on their loan? ... Increasing mortgage interest rates does not affect the spending of those without mortgages.
    2008-02-28 03:24:00

  • Thornburg May Sell Securities to Meet Margin Calls (Update5)

    Bloomberg - The market has been in a deep freeze for anything other than Fannie Mae, Freddie Mac or Ginnie Mae conforming loans,'' said David Olson, president of Wholesale Access Mortgage Research in Columbia, Maryland. ``Home prices are falling more and more ...
    2008-02-28 02:05:00

  • Freddie Mac pays up to cut foreclosure exposure

    Forbes - Fannie Mae officials told the conference Wednesday it was offering loans to help homeowners who have fallen behind on payments avoid permanent changes in their mortgage terms in an effort to reduce the company's credit losses.
    2008-02-28 03:09:00

  • Rising rates stem demand for credit

    News.com.au - RISING interest rates are having a dampening impact on demand for ... want access to 'mum and dad' savings 7. Govt's rental plan to ease mortgage pain 8. ABC Learning: 'We kept market aware' 9. First home buyers' grant will stay, says PM 10. Rates ...
    2008-02-28 05:04:00

  • Wachovia Lobbied on Lending Reform

    CNN Money - The bank added that it expects to set aside more money in the first half of this year to cover troubled mortgage loans. Besides Congress, Wachovia lobbied the Treasury Department, Federal Deposit Insurance Corp., Federal Reserve System, Office of the ...
    2008-02-28 03:24:00

  • Justice Dept targets 2 Wachovia workers

    CNN Money - ... employees it did not identify for possible misconduct related to competitive bids in the municipal derivative markets. The Charlotte-based bank also said it expects to set aside more money in the first half of 2008 to cover troubled mortgage loans. ...
    2008-02-28 02:05:00

  • State Expands Mortgage Relief Program

    Hartford Courant - Now, those home loans are resetting to higher rates, making monthly mortgage bills bigger. When the housing market was growing, that wouldn't have been so much of a problem.
    2008-02-28 06:30:00

  • Euro breaches $1.50 for first time

    Guardian Unlimited - ... betting that the Federal Reserve in Washington will continue to cut interest rates ... the US jumped 90% to 45,327 in January as more people fell behind on their mortgage ... suggested that the confidence among American consumers had fallen to its lowest ...
    2008-02-27 12:23:00

  • Business Highlights

    Forbes - WASHINGTON (AP) - The Federal Reserve is ready to lower interest rates again to ... Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage ... The median price of a new home dropped to the lowest level in more than three years
    2008-02-27 03:39:00

  • Fannie Mae Has $3.55 Billion Fourth-Quarter Loss (Update1)

    Bloomberg - We are working through the toughest housing and mortgage markets in a generation ... or linked to specific events like changes in the weather or interest rates. ... pushing more houses onto a market where existing home sales are now at the lowest ...
    2008-02-27 05:59:00

  • U.K. Economy Expands the Least in More Than a Year (Update2)

    Bloomberg - Policy makers have signaled they may have limited scope to lower rates further to ... HBOS Plc, the U.K.'s biggest mortgage lender, said today that second-half profit fell ... Unemployment fell to the lowest since 1975 in January and jobs growth in the fourth ...
    2008-02-27 02:24:00

  • THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT

    CNBC - The median price of a new home dropped to the lowest level in more than three years. ... WASHINGTON (AP) - Home-loan data to be released Wednesday will show whether mortgage applications declined for the third-straight week as interest rates rose.
    2008-02-27 07:39:00

  • As Inflation Rises, Home Values Slump, Data Show

    New York Times - ... to aggressive easing going forward.”Not surprisingly, a measure of consumer confidence fell to its lowest level in ... In the last several weeks, mortgage interest rates have risen sharply as bond investors have grown more risk-averse.
    2008-02-25 03:56:00

  • Dollar Index to Fall to Record, Bank of America Says (Update1)

    Bloomberg - ... its trading partners ``within weeks'' as the Federal Reserve cuts interest rates ... It reached 74.484 on Nov. 23., the lowest since the gauge started in 1973. ... at its next meeting as a housing slump and the collapse of the subprime mortgage ...
    2008-02-26 10:14:00

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