Mortgage and Financial News From 2008-3-6 Page 14
Previous Day: 2008-03-05
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THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT
CNBC - ... at today's ECB governing council meeting, and the council's decision to keep rates ... home sales were below analysts expectations and remained at the second-lowest ... 2008-03-06 13:11:00 Boston Fed's Rosengren joins call for mortgage value writedowns ...
2008-03-06 07:51:00 -
U.S. Stocks Drop, Led by Banks, as Foreclosures Reach Record
Bloomberg - ... Co. led financial shares to their sixth-straight drop after Thornburg Mortgage Inc ... extended declines after the European Central Bank kept interest rates at a six ... Financial shares in the S&P 500 fell for a sixth day to the lowest since May 2003.
2008-03-06 07:30:00 -
Pending Sales of U.S. Existing Homes Unchanged (Update1)
Bloomberg - ... Association of Realtors' index of signed purchase agreements held at 85.9, higher than forecast and the second-lowest level ... The Realtors' housing affordability index, which compares prices and mortgage rates to household income, rose in January to an ...
2008-03-06 07:23:00 -
TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 GMT
CNBC - ... securities firms last year came about primarily because they were investing mortgage ... Inc. plunging to their lowest level in four-and-a-half years after the bank said it ... 2008-03-06 12:15:06 UK interbank borrowing rates ease on most maturities ...
2008-03-06 07:59:00 -
European Stocks Decline; UBS, Aegon, British Airways Retreat
Bloomberg - UBS AG sank to the lowest since 2003 after JPMorgan Chase & Co. said Europe's biggest bank by assets probably sold $24 billion in holdings of mortgage-backed securities in a ``fire sale. ... Central Bank and Bank of England left their key interest rates ...
2008-03-06 07:30:00 -
U.S. Mortgage Foreclosures Rise as Owners `Give Up' (Update2)
Bloomberg - Mortgage Foreclosures Rise as Owners `Give Up' (Update2) ... The worst housing slump in a quarter century is sending foreclosure rates higher ... signed purchase agreements held at 85.9, higher than forecast and the second-lowest ...
2008-03-06 07:59:00 -
Bank of England keeps rates on hold
MSN UK News - The Bank of England has kept interest rates at 5.25 per cent over ... dropping by 0.3 per cent, according to Halifax, Britain's biggest mortgage lender.
2008-03-06 07:30:00 -
U.S. Stocks Drop After Thornburg, Carlyle Get Default Notices (Bloomberg.com)
March 6 (Bloomberg) -- U.S. stocks fell to a six-week low on concern credit-market losses are widening after Thornburg Mortgage Inc. and a Carlyle Group bond fund received default notices and an analyst said UBS AG may face more writedowns.
2008-03-06 07:10:24 -
U.S. stocks drop as financials, mortgage foreclosures weigh (MarketWatch via Yahoo! Finance)
NEW YORK -- U.S. stocks head south on further bleak news from the financial sector, including word of a default at mortgage lender Thornburg Mortgage Inc. and news that Merrill Lynch & Co. is raising the conversion rates of some securities.
2008-03-06 07:20:00 -
Q4 foreclosures hit record high; pending home sales flat (USA Today)
Home foreclosures soared to an all-time high in the final quarter of last year, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.
2008-03-06 07:22:44 -
U.S. Stocks Drop, Led by Banks, as Foreclosures Reach Record (Bloomberg.com)
March 6 (Bloomberg) -- U.S. stocks fell to a six-week low, led by financial shares, after U.S. home foreclosures climbed to a record and concern grew that rising credit costs will drag the economy into a recession.
2008-03-06 07:40:13 -
Pending Sales of U.S. Existing Homes Unchanged (Update2) (Bloomberg.com)
March 6 (Bloomberg) -- The number of Americans signing contracts to buy previously owned homes was unchanged in January, signaling a pause in the housing slump that's causing the economy to stumble.
2008-03-06 07:40:48 -
European Stocks Decline; UBS, Aegon, British Airways Retreat (Bloomberg.com)
March 6 (Bloomberg) -- European stocks fell for the third day this week on concern credit-market losses will widen at financial companies and record oil prices will curb airline earnings.
2008-03-06 07:52:18 -
U.S. Mortgage Foreclosures Rise as Owners `Give Up' (Update2) (Bloomberg.com)
March 6 (Bloomberg) -- U.S. mortgage foreclosures rose to an all-time high at the end of 2007 as borrowers with adjustable-rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said today.
2008-03-06 08:10:14 -
(AFX UK Focus) 2008-03-06 16:00 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 GMT (Interactive Investor)
2008-03-06 15:44:34 Regulators say big financial firms lost money on debt they did not understand
2008-03-06 08:29:43
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