Mortgage and Financial News From 2008-3-6 Page 13
Previous Day: 2008-03-05
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Stocks Fall Amid Credit Concerns
Seattle Times - The genesis of the credit concerns that erupted last year _ souring mortgage loans _ again added to investors' worries after the Mortgage Bankers Association reported that home foreclosures hit an all-time high in the fourth quarter.
2008-03-06 08:06:00 -
Stocks Fall Amid Credit Concerns (IWon - Money)
NEW YORK (AP) — Stocks tumbled Thursday as renewed concerns about the credit markets and a spike in home foreclosures intensified the market's worries about a sagging economy. The Dow Jones industrials fell more than 125 points.
2008-03-06 09:55:15 -
U.S. Household Worth Fell for First Time Since 2002 (Update1) (Bloomberg.com)
March 6 (Bloomberg) -- U.S. household wealth fell in the fourth quarter for the first time in five years and borrowing slowed as home values plunged and lenders restricted credit, Federal Reserve figures show.
2008-03-06 09:55:22 -
Washingon Mutual falls on credit, EPS caution (Market Watch)
NEW YORK (MarketWatch) -- Shares of Washington Mutual Inc. dropped nearly 7% on the double-barreled hit of a lowered earnings estimate from Bear Stearns Companies and a downgraded long-term counterparty credit rating from Standard & Poor's Ratings Services.
2008-03-06 09:55:33 -
ValuFinders Founder, CEO to Discuss Appraisal Independence at MBA's Annual Mortgage Technology Conference (Business Wire via Yahoo! Finance)
----ValuFinders Inc.: WHO: Joe Williams, founder and chief executive officer for ValuFinders, founded the company in 1999. Williams managed the creation of Appraisal CONCIERGE, a solution to bridging third-party communication between appraisers and lenders in the appraisal industry.
2008-03-06 09:56:00 -
U.S. home foreclosures at record high (Pacific Business News)
The Mortgage Bankers Association said the percentage of mortgages in foreclosure hit a record high in the fourth quarter, while mortgage delinquencies reached the highest point in 23 years.
2008-03-06 09:56:08 -
(AFX UK Focus) 2008-03-06 17:48 GMT: Home equity falls below 50 percent (Interactive Investor)
NEW YORK (AP) - Americans' percentage of equity in their homes has fallen below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.
2008-03-06 09:58:39 -
Ranks of home hunters thinning out
Globe and Mail - ... consumers are taking a more bearish outlook on the housing market, with home buying intentions slipping to their lowest ... MORTGAGE RATES Higher: 46% Lower: 23% The same: 31% Total vote: 3,023 Thinking about this time next year, do you expect that each of ...
2008-03-05 05:51:00 -
U.S. Stocks Fall Ahead Of Pending Home Sales Report
All Headline News - ... 5306 against the euro, after the European Central Bank left its key interest rates ... claims decreased by 24,000 to 351,000 in the week that ended March 1, the lowest ... Shares of Thornburg Mortgage Asset Corp. dropped by 4.5 percent after the firm ...
2008-03-06 07:16:00 -
Priceline Announces $100 Hotel Giveaway
Forbes - Customers can pick the exact hotel they want at competitive rates. ... priceline.com's famous Name Your Own Price(R) service, which can deliver the lowest ... licenses its business model to independent licensees, including priceline mortgage ...
2008-03-06 05:50:00 -
Pound Rises to $2 for First Time in 2 Months as BOE Holds Rate
Bloomberg - ... from a record low against the euro, after the Bank of England kept interest rates ... biggest economy is slowing after contagion spread from the U.S. subprime-mortgage ... yield on the two-year U.K. note fell 13 basis points to 3.89 percent, the lowest ...
2008-03-06 05:43:00 -
Pending Sales of U.S. Houses Probably Declined (Update2)
Bloomberg - ... of Realtors' index of signed purchase agreements dropped 1 percent to 85, the lowest ... Bernanke has indicated the central bank is ready to reduce interest rates again and ... Bernanke urged lenders and mortgage-service companies to forgive portions of ...
2008-03-06 05:57:00 -
Mortgage applications up as rates plunge below 6%
USA Today - The rise came as fixed 30-year mortgage rates averaged 5.98% last week, plunging from 6.27% the previous week. ... Reports last week showing consumer confidence at its lowest level in 16 years and larger-than-expected losses at ...
2008-03-05 08:21:00 -
U.S. Stock-Index Futures Decline; Thornburg, Intel Retreat
Bloomberg - ... futures fell on concern credit-market losses are widening after Thornburg Mortgage ... UBS sank to the lowest since 2003 and led declines in European shares on a JPMorgan ... Futures extended declines after the European Central Bank kept interest rates at a ...
2008-03-06 05:43:00 -
House prices continue to fall
MSN UK News - At the same time annual house price inflation weakened further to 4.2%, its lowest level since October 2005, according to ... There is little sign of the market picking up in the near future, with higher mortgage rates charged to new borrowers more than ...
2008-03-06 01:18:00
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