Mortgage and Financial News From 2008-2-28 Page 9

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• Bernanke still eyes potential rate cut

  Charlotte.com - The incoming information since our January meeting continues to suggest sluggish ... if those trends aren't enough, the slide in home prices and turmoil in mortgage ... discount, forgive debt above the current market value of the homes and refinance ...
  2008-02-27 11:17:00

• First Potomac Realty Q4 2007 Earnings Call Transcript

  Stockhouse Canada - ... closed yesterday our company issued its earnings press release and we posted supplemental information ... Now, we have only one significant piece of debt to refinance this year, a $70 million short mortgage maturing in September but we have multiple ...
  2008-02-28 01:50:00

• Reports reflect bleak housing picture

  Miami Herald - ... of $417,000 or less that are bought or backed by government-sponsored mortgage ... rescue package with provisions aimed at helping beleaguered homeowners refinance ... The Miami Herald is pleased to provide this opportunity to share information ...
  2008-02-26 01:31:00

• Bernanke backs mortgage supports

  Irish Times - Bernanke backs mortgage supports Federal Reserve Chairman Ben Bernanke this ... private-sector efforts, reforming the Federal Housing Administration to refinance ... The [Fed] will be carefully evaluating incoming information bearing on the economic ...
  2008-02-27 01:09:00

• Stocks End Mixed After Busy Day

  BusinessWeek - The Fed is closely watching "information bearing on the economic outlook and will act ... That could add liquidity to the mortgage market and encourage more lending to homebuyers or homeowners looking to refinance.
  2008-02-27 03:03:00

• Vulture Fund Deals With Delinquent Homeowners Lost by Subprime

  Bloomberg - Unable to persuade Irvine, California-based Ameriquest Mortgage Co. to modify his ... Staley pushes for more information about his income and expenses. ... plans to develop a lending unit to originate mortgages. ``We may want to refinance ...
  2008-02-28 06:12:00

• Harris Helpful Hints: Mortgage Safety Tips for Homebuyers and ...

  MSN MoneyCentral - ... in their homes for an extended period of time may elect to choose, or refinance into, a fixed-rate mortgage. ... If you are at risk, your lender can review your current mortgage and provide the appropriate information so you ...
  2008-02-28 10:09:00

• TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 GMT

  CNN Money - FRE) on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments. 2008-02-28 14:11:00 DSPML Capital 15-bln-rupee debenture program affirmed at 'AAA(ind ...
  2008-02-28 07:53:00

• What bad banking news means to you

  CNN - If you took out a loan with a bank, for example an auto loan or a mortgage, those interest rates and terms of interest remain the same regardless of the new bank.
  2008-02-28 09:04:00

• Aid on home loans sought

  Los Angeles Times - Lenders contend that the measure -- which could be debated on the Senate floor as early as today -- could force them to raise mortgage rates to cover the costs of loans that would not be fully repaid.
  2008-02-26 10:11:00

• AP Business NewsBrief at 3:46 p.m. EST

  CNBC - WASHINGTON (AP) _ Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.
  2008-02-28 12:39:00

• Thornburg May Sell Securities to Meet Margin Calls (Update4)

  Bloomberg - We expect market uncertainty and poor demand will limit the liquidity of mortgage securities,'' Willey said in a note to investors. Thornburg may need to cut its dividend, UBS analyst Omotayo Okusanya said in a report today. He rates the ...
  2008-02-28 12:39:00

• Alert goes out on 'Alt A' loans

  News.com.au - ... housing market is expected continuation of poor credit performance thorough 2008 for recent Alt-A residential mortgage-backed securities," Mr McNally stated in the Moody's report. "Those pools are already exhibiting high serious delinquency rates ...
  2008-02-28 07:45:00

• Gold Jumps to Record on Interest-Rate Outlook; Silver Soars

  Bloomberg - Gold has rallied 34 percent since Sept. 18, when the Fed began cutting interest rates as losses mounted in the subprime mortgage market and median home prices fell for the first time since the Great Depression.
  2008-02-28 12:39:00

• Housing bill will 'bail out lenders' - Bush

  CNN Money - The lending industry has been lobbying heavily against the provision, arguing that letting judges rewrite the terms of mortgages would cause lenders to impose a bankruptcy risk premium, raising rates on all mortgage borrowers.
  2008-02-28 11:20:00

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