Mortgage and Financial News From 2008-3-6 Page 15

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• Pound Rises to $2 for First Time Since January; BOE Holds Rate (Bloomberg.com)

  March 6 (Bloomberg) -- The pound rose above $2 for the first time in two months, and rebounded from a record low against the euro, after the Bank of England kept interest rates unchanged, in line with economists' forecasts.
  2008-03-06 08:30:00

• Federal Home Loan Bank of San Francisco Releases January 2008 Cost of ...

  Earthtimes - Changes in interest rates on adjustable rate mortgage loans offered by many financial institutions are tied to ... Members for the purpose of confirming the accuracy of the data they deliver to the Bank used to calculate the ...
  2008-02-28 03:59:00

• Take virtual tour of real estate from sidewalk

  Aiken Standard - Another feature of the window display is its ability to calculate mortgage payments for potential home buyers, making the window display a virtual real estate agent. Helmig said the machine runs 24 hours a day. On the windows are the current featured ...
  2008-02-28 03:59:00

• Democrats duel, then McCain pounces

  International Herald Tribune - I think that this will continue to drag on. There are some in the Democratic Race that would rather sacrifice the life and momentum of the party for their own selfish dream. The test of character and motives will take place tomorrow night once all of ...
  2008-03-04 02:49:00

• Lawyers for uninsured patients challenge county health program

  San Diego Union-Tribune - He tells the county to calculate the region's basic costs of living as a baseline for determining income eligibility. ... In one case, Michelle Lambert, 36, worked as a San Diego mortgage lender but was recently laid off because of the slowdown ...
  2008-03-04 03:53:00

• PMI Sees Significant Q4 Loss in Fin Guaranty Biz

  Reuters - NEW YORK (Reuters) - Mortgage insurer PMI Group (PMI.N: Quote , Profile , Research ) on Monday estimated a significant fourth ... results have been held up by missing financial data from bond insurer FGIC Corp that it said were necessary to calculate its ...
  2008-03-04 07:39:00

• 80 cents on the dollar

  Boston Globe - The largest reason is that mortgage companies tend to sell foreclosed properties at a discount. ... If a home had a market value of $100,000, on average it resold for $80,000. (How do they calculate market value?
  2008-03-05 08:36:00

• Credit Swaps Thwart Fed's Ease as Debt Costs Surge (Update2)

  Bloomberg - The problem started in the second half of last year when subprime mortgage delinquencies started to rise, causing investors ... The banks that have been using correlation to calculate their risk will have to go back to scratch,'' said Janet Tavakoli ...
  2008-03-06 04:38:00

• Chesapeake Utilities Corporation Announces Improved Results for the Quarter and Year Ended December 31, 2007 (PR Newswire via Yahoo! Finance)

  Chesapeake Utilities Corporation today announced a 26 percent increase in net income for the year ended December 31, 2007.
  2008-03-05 04:36:00

• A freeze to keep lenders at bay? (Minneapolis-St. Paul Star Tribune)

  Legislators consider a bill that would help homeowners stave off foreclosure for up to a year.
  2008-03-05 07:54:10

• Delaware home prices slide again (The News Journal)

  Houses in Delaware may still be overvalued despite two consecutive quarters of falling home prices, a new study shows.
  2008-03-06 01:02:08

• Execs still will get bonuses at Washington Mutual, even with lower earnings (Tacoma News Tribune)

  The U.S. housing crisis slashed Washington Mutual Inc.’s earnings, but it won’t drain executives’ 2008 cash bonuses.
  2008-03-06 01:33:48

• Thrift protects '08 bonuses (The Sarasota Herald-Tribune)

  The U.S. housing crisis slashed Washington Mutual Inc.'s earnings, but its board will exclude costs related to mortgage defaults and real estate foreclosures when it comes time to calculate executive compensation for the year, the thrift disclosed in a Securities and Exchange Commission filing.
  2008-03-06 01:45:09

• LOCAL AND STATE NEWS (San Jose Mercury News)

  Sharper Image seeks to hire liquidator to run closing sales Sharper Image is seeking bankruptcy court approval to hire a liquidator to conduct store-closing sales at half of its locations.
  2008-03-06 02:10:52

• Writing off home-office expenses (Bankrate.com via Yahoo! Finance)

  Do you work from home? You may be able to claim a deduction for your workspace.
  2008-03-06 03:00:00

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