Mortgage and Financial News From 2008-3-18 Page 8
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Fed Poised to Cut Interest Rates Again
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... The Federal Reserve is expected to aggressively lower interest rates in its ... up to 28 days in return for a like amount of the investment banks' shunned mortgage ...
2008-03-18 10:10:00 -
Why mortgage rates are still heading higher
CNN Money - NEW YORK (CNNMoney.com) -- The Federal Reserve is likely to cut interest rates again Tuesday, but don't expect mortgage rates to go down too. In fact, home loans could be heading higher. Consider recent history: The Fed issued an emergency cut of ...
2008-03-18 07:26:00 -
Northern Rock to Trim Third of Staff
Seattle Times - Northern Rock PLC will slash one-third of its staff and cut its home loans book by half as it phases out financial support ... Taxpayers have so far funded subsidies to the stricken mortgage lender to the tune of 55 billion pounds ($107 billion)
2008-03-18 07:54:00 -
Public's anxiety worsens despite Fed's actions
San Jose Mercury News - The credit crisis took hold in August as the financial industry came to realize that massive amounts of mortgage loans were likely to default.
2008-03-18 09:27:00 -
ABX, CMBX indexes rise on Goldman, Lehman results
Reuters - NEW YORK, March 18 (Reuters) - Key indexes that track bonds tied to subprime mortgages and commercial real estate loans ... The so-called yield spread premium on the top-rated CMBX-4 index of commercial mortgage-backed securities tightened about 30 ...
2008-03-18 07:47:00 -
Sponsored by:
Marketwatch - , , ) were both up more than 16% on a report that federal officials are in the process of putting together a potential deal that could allow the companies to increase their support for the mortgage market by buying and guaranteeing more home loans ...
2008-03-18 07:40:00 -
Can't Sell Your Home? Try Something Else
Street.Com - You do need a broker because both contracts are contingent upon each other," he says. You can search online for mortgage rates and rates on other loans and investment vehicles at BankingMyWay.com . The main disadvantage of house-swapping is ...
2008-03-18 07:47:00 -
Banks bailed out, homeowners sinking
Courier News - He was hailing the $400 billion bailout the Fed has begun to help banks with their sinking subprime mortgage loans, including the dramatic overnight deal to save Bear Stearns, an investment house that was about to go belly up.
2008-03-18 05:31:00 -
Senate passes major bills offering mortgage relief
Baltimore Sun - The long-stalled FHA Modernization Act - which would reduce down payments and raise maximum mortgage amounts for Federal Housing Administration-insured loans - passed the Senate by an overwhelming 93-1 vote.
2008-03-16 08:47:00 -
Financial crisis puts crunch on home loans
This is Money - It comes as the Citizens Advice service said it has seen a 'worrying' 35% leap in the number of borrowers coming to its offices for help with mortgage arrears.
2008-03-18 09:27:00 -
Unions respond to Rock job cuts
Western Telegraph - ... plans to shrink the size of its mortgage book to around half the current level of around £110 billion in a bid to create a smaller business, focused on low-risk mortgage lending and building up savings deposits. It aims to pay off the Bank loans and ...
2008-03-18 10:03:00 -
Goldman Sachs Beats 1Q Expectations
Washington Post - However, fixed-income trading was down only slightly during the quarter, despite losses from its mortgage loans and securities. investment banking revenue fell to $1.17 billion, down by a third as the number of deals during the period began to ...
2008-03-18 09:27:00 -
Who'll come to the rescue?
International Herald Tribune - They cannot save defaulting homeowners, transform bad mortgage loans into good ones, or do the same for hundreds of billions of dollars of securities tied to those loans.
2008-03-18 08:16:00 -
UPDATE:Goldman,Lehman Results Beat Expectations,Shares Rally
CNN Money - The bank saw $1 billion in losses on residential mortgage loans and securities and nearly $1 billion in losses on credit products and investment losses.
2008-03-18 08:16:00 -
Goldman Sachs Profit Falls 53%, Less Than Expected (Update1)
Bloomberg - Goldman's profit dropped the most since 1999, reduced by $1 billion of writedowns for high-yield loans and a $135 million decline in the value of its stake in Beijing-based Industrial & Commercial Bank of China Ltd. Losses on mortgage loans and ...
2008-03-18 05:31:00