Mortgage and Financial News From 2008-1-28 Page 7

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  • Fed May Cut Rate to Below Inflation, Risking New Asset Bubbles

    Bloomberg - Mortgage Binge The last time the Fed pushed real rates so low was in 2005, in the middle of the three-year housing bubble, when consumers took on $2.9 trillion in new home-loan debt, the biggest increase of any three-year period on record ...
    2008-01-28 09:30:00
  • New home sales dropped in 2007 by a record amount; prices down sharply ...

    International Herald Tribune - WASHINGTON : New U.S. home sales plunged in 2007 by the largest amount on record ... Wall Street with investors believing it raised the chances the Fed will cut rates ... providing $30 billion (€20.33 billion) to states and communities to combat mortgage ...
    2008-01-28 04:22:00
  • Bush calls for quick passage of stimulus package - Summary - Earthtimes

    Bush calls for quick passage of stimulus package - SummaryEarthtimes, UK - 2 hours agoAn uptick in home foreclosures by subprime mortgage holders has been a key reason for an economic slowdown that has caused jitters in financial markets ...
    2008-01-28 07:52:02
  • Asian stocks rebound cautiously on US rate cut hopes - AFP

    Asian stocks rebound cautiously on US rate cut hopesAFP - 1 hour agoThe Fed has been cutting its rates since September after large banks began divulging hefty losses from ailing mortgage investments, triggering a credit ...
    2008-01-28 08:15:57
  • New Zealand Housing Boom Is Over- Westpac Econ. Review - RTT News

    New Zealand Housing Boom Is Over- Westpac Econ. ReviewRTT News, NY - 48 minutes agoA drop in home-ownership will result in more people renting, and the demand will push up rents by around 6% a year. Mortgage costs, petrol prices and income ...
    2008-01-28 09:11:19
  • Poor poorly served in home loss - Florida Times-Union

    Poor poorly served in home lossFlorida Times-Union, FL - 46 minutes agoExecutive Director Michael Figgins' comments came during an informal roundtable Monday on the subprime mortgage market collapse and what appears to be ...
    2008-01-28 09:13:42
  • Anderton: “The Strength to Care” - Scoop.co.nz

    Anderton: “The Strength to Care”Scoop.co.nz, New Zealand - 41 minutes agoBut there is another category of house investor − people who buy up houses, one after another, mortgage them to the hilt and then rent them out, ...
    2008-01-28 09:18:59
  • Economy NEW - Gotham Gazette

    Economy NEWGotham Gazette, NY - 38 minutes agoJust because New York City has not yet seen real estate values plummet does not mean that mortgage foreclosures are not a huge problem. ...
    2008-01-28 09:22:11
  • Kern leads ‘mortgage risk’ list - Bakersfield Californian (subscription)

    Kern leads ‘mortgage risk’ listBakersfield Californian (subscription), CA - 24 minutes agoThe quarterly ranking, released Monday, measured “mortgage risk” by four weighing factors: changes in home prices, foreclosure rates, mortgage fraud and ...
    2008-01-28 09:35:19
  • 29-01-2008: Property to rise above stock market volatility - The Edge Daily

    29-01-2008: Property to rise above stock market volatilityThe Edge Daily, Malaysia - 17 minutes agoOSK Investment Bank analyst Mervin Chow said ample liquidity in the market and low interest rates would compel most Malaysian households to look at ...
    2008-01-28 09:42:29
  • Kanjorski to discuss home-mortgage reform - Pocono Record

    Kanjorski to discuss home-mortgage reformPocono Record, PA - 15 minutes agoPaul E. Kanjorski, D-11, will be in Monroe County next week to make a major announcement about the growing home-mortgage crisis. Kanjorski will hold a press ...
    2008-01-28 09:44:51
  • Rate cut hopes lift Wall St; AmEx off late - Reuters South Africa

    Rate cut hopes lift Wall St; AmEx off lateReuters South Africa, South Africa - 6 minutes agoLower rates could ease the strain on mortgage borrowers and ease the cost of money for businesses. US short-term interest rate futures showed perceived ...
    2008-01-28 09:53:32
  • America's finances: A house of cards - Arab American News

    America's finances: A house of cardsArab American News, MI - 3 minutes agoTaken all in total, "All Uncle Sam's debt, including private household consumer credit-card, mortgage etc debt of about $10 trillion, plus corporate and ...
    2008-01-28 09:56:56
  • Two contrasting views on the economy (USA Today)

    What an optimist and a pessimist predict for 2008.
    2008-01-28 09:25:21
  • Poor poorly served in home loss (The Florida Times-Union)

    Six hundred Jacksonville families are being evicted from their homes every month, a statistic that the head of Jacksonville Area Legal Aid said likely will get worse.
    2008-01-28 09:28:57