Mortgage and Financial News From 2008-3-5 Page 21
Previous Day: 2008-03-04
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European house price boom finally loses steam (Guardian Unlimited)
Value of property abroad likely to fall leaving Britons with second homes facing a grim year
2008-03-05 01:28:24 -
Some Doors Close; Others Open (Washington Post)
The business of bankruptcy is beginning to pick up.
2008-03-05 01:37:58 -
BUSINESS BRIEFS: BRIEFS (Asbury Park Press)
Goldman Sachs Group Inc. said Zha Xiangyang, chief executive officer of its China securities venture, resigned, the second senior departure from the operation since January.
2008-03-05 01:46:34 -
ANALYSIS-Housing bust means at least 12 more months of pain
Forbes - But ultra-low interest rates inspired not only a property boom but also financial innovation. DAISY CHAIN OF DEBT (OR RISKS) There were hundreds of billions of dollars of subprime residential mortgage-backed securities (RMBS), derivatives on subprime ...
2008-03-03 06:36:00 -
Hope Now: We've helped 1M home owners
CNN Money - ... Bush administration's support, claims dramatic success in helping at-risk mortgage ... encouraged by the increase in loan modifications, in which lenders reduce interest ... In the last three months of 2007, only 35% of subprime loan work-outs were ...
2008-03-03 10:47:00 -
Reserve says stop spending
News.com.au - Try banning interest free deals, and huge increases on credit cards will certainly stop the spending. Mortgage rises will only force people out of their homes not slow spending.
2008-03-03 03:55:00 -
Mortgage Woes Boost Credit Card Debt
US News and World Report - ... Mathias-Lamb are increasingly finding themselves forced to deal with higher interest ... as fast as in other states, suggesting that consumers struggling with their mortgage ... Indeed, Bank of America's Betty Riess says rate hikes are affecting only a small ...
2008-03-03 04:13:00 -
Flagship Mortgage works to fund futures
Herald News - Graf says many lenders have had to yank mortgage product lines. He calls the lines "exotic products," such as interest-only loans, variable loans and negative amortization loans, which helped create a climate of collapse.
2008-03-03 02:04:00 -
Prepare for more mortgage pain, warns PM
News.com.au - New data show inflation at six-year high PM says fighting inflation will hurt Interest rates : How to survive your mortgage ... Everyone knows there was only one way for them to go from historical lows like that.
2008-03-02 06:48:00 -
Rudd tells banks: Don't lift mortgage rates
News.com.au - PRIME Minister Kevin Rudd has warned banks not to lift mortgage rates by more than tomorrow's expected official interest rate rise. ... Unleashing another rate hike on households will only further hurt working families," Ms Burrow ...
2008-03-02 09:39:00 -
European house price boom ended in 2007
Reuters UK - LONDON (Reuters) - House price inflation peaked last year across Europe as interest rate rises began to bite, although mortgage lending held up in ... co-sponsored by the Royal Institution of Chartered Surveyors and property services firm Savills, only ...
2008-03-04 11:24:00 -
The Housing Fix
Washington Post - This is actually good news, because lower home prices are the only real solution to the housing collapse ... reduce mortgages unilaterally -- would perversely hurt the housing market by raising the cost of mortgage credit. Lenders would increase interest ...
2008-03-04 11:03:00 -
Alistair Darling plans mortgage kitemark
Daily Telegraph - ... will attempt to kickstart the wholesale markets by kitemarking the best mortgage ... who have been adversely affected by the market dislocation despite recent interest ... against risk, with Nationwide recently deciding to offer its best rates only to ...
2008-03-04 05:41:00 -
Mortgage crisis deepens: Rates on 1.5M home loans will reset this year
Detroit News - That was only a day after a panel told the National Association for Business Economics that housing ... Most mortgage workouts, however, involve trimming interest rates, finagling a refinancing, lengthening loan terms or suspending payments so that ...
2008-03-04 11:39:00 -
Bernanke calls for more mortgage relief
CNBC - One of the suggestions Bernanke made was for mortgage and other financial companies ... modifications that have occurred have typically involved a reduction in the interest ... sustainable outcome are to be preferred to temporary palliatives, which may only ...
2008-03-04 10:20:00