Mortgage and Financial News From 2008-3-5 Page 11

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  • US thrift regulator, industry meet on home refinancing

    Reuters - WASHINGTON, March 5 (Reuters) - Staff of the U.S. Office of Thrift Supervision (OTS) met with mortgage servicers on Wednesday to discuss a proposal to refinance loans whose home values have dipped, according to a source familiar with the meeting. The ...
    2008-03-05 01:36:00

  • Filings for Bankruptcy Up 18% in February (NYTimes.com via Yahoo! Finance)

    Americans filed for bankruptcy in growing numbers in February, buckling under the combined weight of rising energy prices, a weakening housing market and high personal debts.
    2008-03-05 01:41:01

  • Merrill Lynch Discontinues First Franklin Mortgage Origination; Will Explore Sale of Home Loan Services (wallstreet:online AG)

    Merrill Lynch (NYSE: MER) said today that it is discontinuing mortgage origination at its First Franklin
    2008-03-05 01:41:43

  • Patrick Swayze Has Terminal Cancer? (WSMV Nashville)

    There are conflicting reports online about actor Patrick Swayze suffering from terminal cancer.
    2008-03-05 01:48:34

  • Oil Surges; Bush Wants Less Dependence (WSMV Nashville)

    Oil rose to a new record on Wednesday jumping over $104 a barrel.
    2008-03-05 01:48:45

  • School Bus Carrying Students Runs Off Road (WYFF 4 Greenville)

    PELZER, S.C. -- A bus carrying Greenville County elementary students home from school on Wednesday afternoon ran off the road. School district spokesman Oby Lyles said that bus No. 6972 ran off Highway 247 near Holiday Dam Road in the Pelzer area.
    2008-03-05 01:48:59

  • No need for rates rise: former RBA governor

    Australian Broadcasting Corp. - When Keating was in and interest rates rose it was due to the current account deficet - now the economics has changed and it is inflation or is the cpi or is it eninio.
    2008-03-03 12:06:00

  • Forex - Dollar off lows following US manufacturing survey

    CNBC - The sub-components for prices were particularly strong, confirming the current market view that the Bank of England will leave interest rates on hold on Thursday.
    2008-03-03 10:32:00

  • U.S. economy weakens as shoppers cautious

    Globe and Mail - Many economists believe growth in the current January-to-March ... up things, the Federal Reserve has been cutting a key interest rate since September.
    2008-03-05 11:49:00

  • Washington slams Opec decision

    Financial Times - Opec said in its communiqué on Wednesday that the market was “well-supplied, with current commercial oil stocks ... pouring money into commodities, particularly oil, to hedge against the fall of the dollar driven by cuts in US interest rates.
    2008-03-05 11:34:00

  • Ex-BoE chief says too soon to call end to liquidity crisis

    International Herald Tribune - George also warned that deep interest rate cuts from the U.S. Federal Reserve -- and a readiness to cut rates again -- could mean short-term gains but long-term ... The current governor of the Bank of England, Mervyn King, has indicated Britain has no ...
    2008-03-05 10:09:00

  • Let bankruptcy judges step in

    Atlanta Journal Constitution - ... that included reduction of the mortgage balance to the current value of the house; reduction of the interest rate to current ... If interest rates rose at all, they would rise in an amount so small it would not even reduce the number of loans made.
    2008-03-05 12:03:00

  • Worker productivity growth slowed, labor costs rose in fourth quarter

    Detroit News - ... could be even slower in the current quarter. Some believe the economy is actually shrinking now. The Federal Reserve, which started cutting a key interest rate in September, recently ramped up reductions to shore up the economy. It slashed rates by ...
    2008-03-05 10:37:00

  • Canadian Fourth-Quarter Growth Slowest Since 2003 (Update3)

    Bloomberg - Slower growth may prompt the central bank to lower interest rates tomorrow from the current 4 percent to boost consumer spending and business investment, economists surveyed by Bloomberg said.
    2008-03-03 01:24:00

  • Workshop on 'International Trade Payment Practices': BB move to pursue ...

    New Nation - ... that though the banks have lowered the interest rate by meager one percent only, but it s still much higher than interest rates ... that the country would be facing the growing demand for open account transactions, which was still missing in the current ...
    2008-03-05 09:40:00

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