Mortgage and Financial News From 2008-3-6 Page 10

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  • Home foreclosures hit record high (The Kansas City Star)

    Home foreclosures soared to an all-time high in the final three months of 2007 and probably will keep rising, evidence of homeowners' suffering and the economic danger from the meltdown.
    2008-03-06 12:36:26

  • Mexico's Peso Ends Weaker At 10.8280/Dlr On US Credit Jitters (The Forex Market)

    MEXICO CITY (Dow Jones)--The Mexican peso fell against the dollar Thursday to its weakest close in a month as rekindled investor worries about the U.S. housing market led to a selloff in local stocks and bonds.
    2008-03-06 12:38:42

  • Investors Remain Nervous Amid Continued Credit Concerns - U.S. Commentary (Nasdaq)

    (RTTNews) - Stocks continue to see substantial weakness in mid-afternoon trading on Thursday, as credit concerns move back to the forefront. Investors are also digesting several economic reports while they wait for the highly anticipated employment report scheduled to be released on Friday.
    2008-03-06 12:39:48

  • E.C.B. and Britain Hold Rates Steady (NYTimes.com via Yahoo! Finance)

    The decision by the European Central Bank and the Bank of England to leave interest rates unchanged highlights their differences with the Federal Reserve in the United States.
    2008-03-06 12:40:02

  • Islam Gives London Finance Markets Edge (San Francisco Chronicle)

    After taking a battering from the global credit crisis, London has a potential ace up its sleeve as it seeks to restore its reputation as a global financial center _ its premier position in the Islamic banking industry. The British government will...
    2008-03-06 12:49:34

  • Credit woes take a turn for the worse (Sharewatch)

    NEW YORK (AP) - Faltering credit markets have tipped over into a new and more dangerous phase -- and everyone from municipalities trying to get sewers fixed to people shopping for a car loan will be paying the price.
    2008-03-06 12:52:20

  • Brazil stocks slip with global markets, real gains

    Reuters - ... after Brazil's central bank left interest rates ... fretted about a report showing U.S. mortgage foreclosures reached a record high.
    2008-03-06 08:06:00

  • St George treads a fine line

    News.com.au - ST GEORGE Bank runs the risk of pricing itself out of the home loan market after ... Australia Bank announced it would be increasing its standard variable mortgage rate ... Mr Fahour hinted that NAB may boost variable rates again before the Reserve Bank's ...
    2008-03-06 05:57:00

  • Report: Minorities Hit by Foreclosures

    Chicago Tribune - ... leaving them to struggle disproportionately with foreclosures and crumbling home ... Chief among them were New Century Mortgage Corp., WMC Mortgage Corp., Fremont ... with blemished credit or low incomes featured low introductory or "teaser" rates.
    2008-03-06 05:43:00

  • Mortgage rates drop

    Buffalo News - Mortgage rates sank this week, reflecting investors' worries about the country's economic health. ... Mortgage rates drop Homeowner equity is lowest since 1945 Home foreclosures hit record high Oil waffles on profit-taking, dollar
    2008-03-06 10:58:00

  • Market set to fall on fresh credit worries

    Washington Post - Also, mortgage-backed and corporate "agency" debt obligations issued by Fannie Mae ... points, below fair value, a pricing evaluation that accounts for interest rates ... Other data due on Thursday included January pending home sales.
    2008-03-06 06:47:00

  • Option One Mortgage Corporation Company Profile - View Option One ...

    Kansas City Business Journal - Startup takes 'blind faith' out of mortgage equation [Cincinnati] Web site seeks to bring transparency, lower rates to mortgage ... New PMI rules are latest drag on jumbo loans [San Jose] Credit crunch squeezes market for home equity loans [Portland] ...
    2008-03-06 06:18:00

  • U.S. Stocks Drop, Led by Banks, as Foreclosures Climb to Record

    Bloomberg - ... European shares extended their retreat after the European Central Bank kept interest rates at a six ... to 0.83 percent of all home loans in the fourth quarter from 0.54 percent a year earlier, the Mortgage Bankers Association said. The share of all home ...
    2008-03-06 10:58:00

  • Foreclosures hit all-time high

    CNN Money - NEW YORK (CNNMoney.com) -- More home owners than ever are losing the battle to make their monthly mortgage payments. ... The foreclosure rates for prime and subprime adjustable rate mortgages both more than ...
    2008-03-06 08:42:00

  • Stocks Losses Deepen As Foreclosures Soar

    CNBC - Pending-home sales were off 20 percent from January 2007, but "with mortgage rates coming down the way they are, people are looking" to buy homes, Victor Pugliese, director of listed-equity trading at Broadpoint Securities told Reuters.
    2008-03-06 07:16:00

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