Mortgage and Financial News From 2008-3-6 Page 3
Previous Day: 2008-03-05
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Fed Rate Cuts Back-Fire, Lead to Quagmire of "Stagflation" (GoldSeek.com)
“Too much money, chasing too few commodities,” might be the best way to explain the historic rally that has lifted the Dow Jones AIG Commodity Index into the stratosphere.
2008-03-06 07:44:10 -
Bad Credit and Home Refinance (Richfield Reaper)
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?
2008-03-06 08:17:40 -
Dollar Slightly Off New Record Lows Against Euro And Franc (Nasdaq)
(RTTNews) - The dollar reversed its direction against the euro and the franc after hitting new record lows at about 5:50 pm ET Thursday. The dollar also recovered slightly from new lows against its Japanese and British counterparts.
2008-03-06 08:38:29 -
European Bank Leaves Rate at 4% (NYTimes.com via Yahoo! Finance)
With fears about inflation prompting the European Central Bank to leave interest rates unchanged, the euro touched a new high against the dollar.
2008-03-06 08:40:33 -
As Foreclosures Rise, Investors Pull Back (NYTimes.com via Yahoo! Finance)
The figures are expected to increase pressure on policy makers and the mortgage industry to move faster to contain losses and help homeowners.
2008-03-06 08:40:34 -
Foreclosure filings nearly triple over same time in '07
Star-Banner - OCALA - In another grim sign for the local economy, home foreclosure filings for January and February nearly tripled from ... Some homeowners will be able to refinance their property or otherwise catch up on late mortgage payments.
2008-03-05 11:27:00 -
Fed leader urges lenders to pitch in
The Money Times - Servicers could accept a principal write down by an amount at least sufficient to allow the borrower to refinance," he said, suggesting lenders create arrangements that allow recovery of principal by sharing in future appreciation of the home.
2008-03-04 07:50:00 -
Ben Says It Like It Is
BusinessWeek - ... and foreclosures likely will continue to rise for a while longer.” He’s forecasting further declines in home prices. ... New FHA loan programs will allow some borrowers to refinance. Bernanke is calling on lenders and mortgage securities investors ...
2008-03-05 01:22:00 -
14 Calif. counties get maximum FHA limit
BusinessWeek - ... released the new loan limits for California -- a hotbed during the housing boom that now is suffering the worst home-price ... from $362,790 to as high as $729,750 in expensive areas, to let more homeowners with high-rate subprime mortgages refinance ...
2008-03-05 12:32:00 -
FHA boosts home mortgage limits
San Francisco Gate - Before today, however, FHA could not insure single-family home mortgage loans in the continental United States that ... The new higher limits also will let more people who are struggling with their existing mortgage refinance into the government's ...
2008-03-04 03:53:00 -
Foreclosure rates hit new highs
Los Angeles Times - One difficulty in stemming the tide of foreclosures is the fact that many Americans have little or no equity in their homes, which makes it harder for them to refinance. The decline in equity is a result of falling home prices as well as the ...
2008-03-05 03:59:00 -
Hospitals look to refinance debt load
Wausau Daily Herald - Hospitals look to refinance debt load By Amy Olson Wausau Daily Herald aolson@wdhprint.com ... Previously, large financial institutions bought bonds when they didn't sell; in the wake of sharp increases in home ...
2008-03-06 02:01:00 -
House Democrats eye government mortgage buyouts bill
Washington Post - The Dodd proposal resembles the Home Owners' Loan Corp. founded in the mid-1930s to refinance homes that were heading toward foreclosure during the Great Depression and ended by delivering a small profit to the government.
2008-03-05 01:22:00 -
Low home equity, record-high foreclosures: A limp US housing market ...
International Herald Tribune - Problems in the credit markets and eroding home values are making it harder for people to refinance their way out of unmanageable loans. The threat of so-called "mortgage walkers," or homeowners who can afford their payments but decide not to pay ...
2008-03-06 02:25:00 -
Limp housing market looks even weaker (The Arizona Republic)
Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday, they got an answer: plenty.
2008-03-06 04:41:44
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