Mortgage and Financial News From 2008-3-18 Page 6
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Regulators must share the blame
Hong Kong Standard - ... for the Federal Reserve's and Bush administration's refusal to stop crazy mortgage ... with banking regulators to take action in 2005. They worried deeply about interest only mortgages, "option ARMs," where the borrower has the option of choosing how ...
2008-03-18 12:26:00 -
Goldman earnings fall by half, yet beat views
Forbes - Revenue from fixed income trading did fall, but only by 5 percent. Record currencies and interest rate product trading, as well as very strong commodities results, offset weakness in corporate and mortgage bonds.
2008-03-18 07:47:00 -
Stocks Surges After Fed Move
CNN Money - ... banks, were also galvanized by the Federal Reserve's decision to cut interest rates ... further _ and hurting the rest of the economy _ after losing bets on mortgage-backed ... aware that over the past six months, stocks have had many bursts higher, only to ...
2008-03-18 01:02:00 -
ANALYSIS-Fed medicine slowly trickles to ailing Main Street
Forbes - ... the billions, Main Street keeps sinking, and the central bank's medicine is only ... the Fed's efforts, including Tuesday's three-quarters of a percentage point interest ... that some closely watched gauges of credit market health, such as swaps and mortgage ...
2008-03-18 12:55:00 -
US economic crisis: Readers' experiences
BBC Americas - The only option is probably to sell and start again. My situation has stayed much the same. I am still behind on my mortgage. However my rate was reduced to its original level and the interest level was frozen for five years, as I overpay slightly ...
2008-03-18 01:02:00 -
Goldman Sachs Beats 1Q Expectations
Los Angeles Times - However, fixed-income trading was down only slightly during the quarter, despite losses from its mortgage loans and securities. ... Stocks Soar Ahead of Fed Rate Decision - Fed Poised to Cut Interest Rates Again
2008-03-18 11:00:00 -
p0708 BC-Bush 2ndLd-Writethru 03-18 0662 (Hays Daily News)
Eds: UPDATES with additional detail from speech on economy, trade, ADDS fundraising details. Moving on general news and financial services.
2008-03-18 12:48:00 -
A video ballad of bubble and foreclosure (Los Angeles Times)
On YouTube, former Ventura County appraiser finds humor in the housing bubble collapse. It starts off happy and bouncy -- smiley faces, granite countertops, instant equity, a cash-out refi, a vacation in Hawaii, and a brand-new Hummer. But you know how the song ends: in foreclosure.
2008-03-18 12:50:16 -
Treasuries Close Sharply Lower After Fed Announcement (Nasdaq)
(RTTNews) - Treasuries closed sharply lower on Tuesday after the Federal Reserve announced that it cut interest rates by 75 basis points.
2008-03-18 12:52:01 -
Hell Week (GoldSeek.com)
*** Wall Street waits for the next domino to fall…inflation and deflation: working together? *** Is it time to do a little contrarian buying?…a well-thought out comment from a dear reader…and more!
2008-03-18 12:53:39 -
Bush Warns Against Overcorrecting for Struggling Economy (Fox News)
President Bush said Tuesday his administration is prepared to take fresh action — if necessary — to bolster the nation's flagging economy and financial sector.
2008-03-18 12:59:01 -
Fitch Upgrades Jefferson ESD (California) $4.1MM COPs to ´AA-´; Outlook Stable (wallstreet:online AG)
As part of its routine surveillance process, Fitch Ratings upgrades Jefferson Elementary School District
2008-03-18 01:11:31 -
Leesburg Business Eyes Direct Benefit From Stimulus Package (Leesburg Today)
Now that President George W. Bush signed the economic stimulus package, one Federal Housing Administration quality assurance firm in Lansdowne expects to see an immediate benefit.
2008-03-18 01:13:48 -
Dow Surges 420 Points Amid Fed Interest-Rate Cut (WCCO Minneapolis/St. Paul)
Wall Street stormed higher Tuesday as investors, optimistic following stronger-than-expected earnings from two big investment banks, were also galvanized by the Federal Reserve's decision to cut interest rates by three-quarters of a percentage point.
2008-03-18 01:15:19 -
Bear Throws In The Towel
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... Bear Stearns will be bought for a song by JPMorgan Chase, a result of its mortgage ... widely expected to reduce the discount and the more important federal funds rates ...
2008-03-15 05:59:00