Mortgage and Financial News From 2008-2-21 Page 11

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  • Castro’s gone, but the revolution marches on (Daily News)

    Ever since Fidel Castro came to power in 1959 heralding a communist revolution in the Caribbean island just 140 km from the Florida coast, Washington establishment and the Cuban exile community in the US have been waiting for the day for Castro to go.
    2008-02-21 11:36:25

  • Gold Futures Rise to Record $958.40 on Inflation Concerns (Bloomberg.com)

    Feb. 21 (Bloomberg) -- Gold futures surged to a record $958.40 an ounce as a slumping dollar and soaring commodity costs boosted the appeal of the precious metal as an inflation hedge. Silver rose to the highest since 1980.
    2008-02-21 11:40:00

  • JOIN THE CONVERSATION! WE WANT TO HEAR FROM YOU! (The Observer)

    Write or send us an e-mail at news@rrobserver.com , or call us at 343-2175. “Resigning to the figure of 10 percent of the population in America being homosexual is actually a generous number according to sources such as Wikipedia, Avert.org , and Snopes.com . Most religious organizations would have you believe that the percentage is far less.
    2008-02-21 12:10:20

  • Mortgage lenders pull 125% deals

    Guardian Unlimited - As the mortgage market tightens, borrowers could have problems remortgaging to a new home loan if they originally borrowed up to 125% of the value of ... Northern Rock has been discouraging new applicants to its Together mortgage with uncompetitive rates
    2008-02-19 08:53:00

  • Obama slams Clinton's idea of freezing mortgage rates

    Houston Chronicle - Obama slams Clinton's idea of freezing mortgage rates By DAVID ESPO Associated Press ... state and added that she had the only health care plan that covers all Americans and the only economic plan to stop home ...
    2008-02-19 03:20:00

  • How to tell if now is time to refinance

    MSNBC - When you have a first and second mortgage, just because rates on 30-year fixed loans are coming down doesn’t mean you ... Other borrowers with spotty credit or job histories, and those facing adjustable rate mortgage resets or living in a home that ...
    2008-02-19 09:51:00

  • California groups seek BofA foreclosure moratorium

    MSN MoneyCentral - The purchase will make BofA the nation's largest mortgage lender and loan servicer. ... joining five other financial institutions in an expanded effort to prevent home ... and is an extension of Hope Now, a plan that temporarily freezes interest rates on ...
    2008-02-21 10:10:00

  • State fund using low rates to boost housing market

    Charleston Daily Mail - State fund using low rates to boost housing market ... Make pricing adjustments to encourage the utilization of 97-percent and 100-percent mortgage financing offered by Federal Home Administration ...
    2008-02-21 07:04:00

  • UK housing market close to collapse, analyst says

    Times Online - ... buyers looking for a 'starter home' in the 'right' area... taking out a 20 year + mortgage on a home ... the case. The true unaffordabilty problem lies on the door step of BTL investors, mortgage fraud and cheap money that was created with low rates by ...
    2008-02-21 11:21:00

  • Stocks Climb Ahead Of Philly Fed

    Forbes - But concerns persist, since as inflation escalates, mortgage rates rise and credit conditions remain tight. (See: "Home Loan Apps Dip, Goods Pricier"
    2008-02-21 08:01:00

  • Freddie Mac: Fixed-rate mortgages rise again

    Marketwatch - After trending up in the past two weeks, long-term fixed mortgage rates are back up to nearly where they were at the beginning of the year. In contrast, average rates on adjustable-rate mortgages are about 0.5 percentage points below levels of the ...
    2008-02-21 08:44:00

  • Regulators Probe Funds After Failed Auctions Draw Ire (Update1)

    Bloomberg - Interest rates on the securities are reset through auctions at intervals ranging from 7 to 35 days, allowing buyers and ... backing them wanes, and as banks seek to avoid tying up capital after at least $133 billion in credit losses and mortgage ...
    2008-02-21 07:11:00

  • Dresdner Rescues $19 Billion SIV, Follows Citigroup (Update8)

    Bloomberg - CDOs are securities packaged from mortgage bonds and other assets. One of the SIV's three portfolios has entered a ... Moody's rates K2's senior debt at Aaa. Gordian Knot Three SIVs or similar companies haven't been bailed out or ...
    2008-02-21 08:29:00

  • Foreclosure prevention plan under attack

    CNN Money - Both the Emergency Home Ownership and Mortgage Equity Protection Act of 2007 and the Foreclosure Prevention Act of 2008 aim to ... He examined historical mortgage rates during periods when judges were allowed to reduce mortgage balances, and ...
    2008-02-21 10:45:00

  • Non-Agency Mortgage Bond Holdings Jump $48 Billion at Big Banks

    Bloomberg - ... S. commercial banks with the largest portfolios of mortgage-backed securities boosted holdings of ``non-agency'' home ... most-senior commercial-mortgage securities or agency mortgage bonds, despite some of the highest- ever yields over benchmark rates ...
    2008-02-21 10:24:00

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