Mortgage and Financial News From 2008-2-16 Page 29

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  • Bill Ralston: Words are louder than actions (The New Zealand Herald)

    In politics, especially in an election year, it is not the delivery that counts, it is simply the promise of action that matters. When a problem arises, the Government must appear to act decisively.
    2008-02-16 08:25:35

  • Few buyers for converted condos in Paterson (Herald News)

    Mary Santuccio-Kreiger of JK Realty stands on the original stairs at the converted 1880s building. (AMY NEWMAN / HERALD NEWS) JK Realty Inc.'s Rickey Di Maria takes in the view from a third-floor apartment at the Cooke Mills building on Market Street in Paterson.
    2008-02-16 08:35:44

  • Credit Suisse CEO sees credit crisis nadir in months (Muzi)

    The worst of the banking crisis resulting from the subprime meltdown is likely to be over in months rather than quarters, Credit Suisse (CSGN.VX) Chief Executive Brady Dougan was quoted as saying on Saturday.
    2008-02-16 09:26:08

  • Chelsea Clinton finds her public voice (Daily Telegraph)

    Chelsea Clinton has finally discovered her voice in public.
    2008-02-16 09:54:56

  • AIG's Selloff: A Huge Opportunity

    Barron's Online - UNTIL LAST WEEK, THE INSURANCE GIANT American International Group looked relatively immune from the subprime mortgage paroxysm ... to the mid-50s from about 70 in October, that was mainly because of worries about the impact that falling premium rates ...
    2008-02-16 03:13:00

  • Kevin Rudd eyes wages

    News.com.au - ... sector to follow suit to head off a wages outbreak, which would drive inflation -- and mortgage rates -- even higher. Economists are predicting at least one more rise in March -- and possibly more by May. Telstra boss Sol Trujillo, who took home ...
    2008-02-16 06:05:00

  • Superannuation drained to save homes

    News.com.au - DESPERATE Australians are draining their super nest eggs in record numbers to fend off mortgage foreclosures. Super fund trustees report soaring numbers of people are drawing on their retirement funds as variable home-loan rates hit 8.8 per cent ...
    2008-02-16 06:05:00

  • Housing sales in steep fall - Modesto Bee

    Housing sales in steep fallModesto Bee, CA - 4 hours agoOne, the drop in prices and interest rates means a buyer could more easily afford a median priced house, based on a 30-year fixed mortgage with a 10 percent ...
    2008-02-16 04:58:21

  • Lenders Tightening Up on Business Borrowers - Kiplinger.com

    Lenders Tightening Up on Business BorrowersKiplinger.com, DC - 4 hours agoThat's good news for borrowers who can qualify for refinancing or who are in the market to buy a home. Rates will remain below 6% throughout the year.
    2008-02-16 04:59:58

  • Superannuation drained to save homes - Melbourne Herald Sun

    Superannuation drained to save homesMelbourne Herald Sun, Australia - 2 hours agoSuper fund trustees report soaring numbers of people are drawing on their retirement funds as variable home-loan rates hit 8.8 per cent. ...
    2008-02-16 06:04:47

  • Lawmakers point to possible new rules

    San Diego Union-Tribune - An offshoot of the mortgage crisis, the dislocation in the bond insurance industry is spreading beyond Wall Street, threatening the cost of financing everything from student loans to public works projects, officials say. Lawmakers and regulators are ...
    2008-02-14 09:21:00

  • Day care causes concern

    Herald Tribune - True, about 3 percent of mortgage loans today are in default -- the highest it has been in more than 20 years. But that's nothing compared with 1933, at the depth of the Depression, when nearly half of all homeowners were behind in their payments ...
    2008-02-16 06:12:00

  • Mortgage ills start to infect college loans (Chicago Tribune)

    I f you want to borrow a lot of money for college, you are not going to like what the mortgage mess is doing to you.
    2008-02-16 06:01:28

  • Rates on 30-year mortgages rise (El Paso Times)

    WASHINGTON—Rates on 30-year mortgages rose to the highest level in five weeks but still remained below the 6 percent level. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.72 percent this week, up from 5.67 percent last week.
    2008-02-16 06:13:05

  • Pace of Refinancing Picks Up Countrywide

    CNBC - BAC   Loading...       ( %)   ] , also said average daily mortgage application volume surged 72 percent from December and mortgage loans being processed rose 46 percent. This suggests homeowners are taking advantage of lower interest ...
    2008-02-15 09:27:00

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