Mortgage and Financial News From 2008-3-5 Page 17

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  • Mortgage applications up slightly

    CNN Money - Refinance volume increased 4.5% during the week, while purchase volume grew 1.4% ... The average rate for 15-year fixed-rate mortgages, often an option used for refinancing a home, fell to 5.26% from 5.77%
    2008-03-05 04:54:00

  • Mortgage applications rose 3.0% last week: MBA (Market Watch)

    The volume of applications filed for mortgages went up a seasonally adjusted 3.0% last week, coinciding with a big drop in interest rates charged on fixed-rate mortgages, according to the Mortgage Bankers Association's latest survey. Applications to refinance existing loans rose 4.5% for the week ended Feb. 29 compared with the previous week.
    2008-03-05 04:25:31

  • (AFX UK Focus) 2008-03-05 12:30 GMT: Mortgage application volume rises (Interactive Investor)

    WASHINGTON (AP) - Mortgage application volume increased 3 percent for the week ending Feb. 29, according to a weekly application survey by the trade group, Mortgage Bankers Association.
    2008-03-05 04:58:48

  • U.S. mortgage applications rise (The Globe and Mail)

    Last week marked first weekly rise in a month as falling interest rates increased incentives to refinance existing loans, industry group says
    2008-03-05 05:05:33

  • Mortgage applications up slightly (CNN Money)

    MBA survey shows refinance and purchase volume increased in latest week as fixed-rate mortgage rates tumbled.
    2008-03-05 05:10:14

  • Life's Elite Launches Consumer-Direct Mortgage Revolution, Provides Homeowners a Lifeline They Can Trust (PR Newswire via Yahoo! Finance)

    Life's Elite, LLC , a network-marketing company specializing in prosperous living, longevity and personal development, announces the official pre-launch of the consumer-direct mortgage revolution.
    2008-03-05 05:20:00

  • Mortgage applications up for first time in a month (USA Today)

    Applications for home mortgages rose for the first week in a month as falling interest rates increased incentives to refinance existing loans, according to data from an industry group Wednesday.
    2008-03-05 05:30:10

  • How to Determine if it's Time to Refinance (Richfield Reaper)

    (ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
    2008-03-05 05:47:34

  • State plans program to reduce foreclosures (Chicago Tribune)

    This story contains corrected material, published Mar. 5, 2008.
    2008-03-05 05:50:42

  • New recession worry: Bank failures

    CNN Money - ... ones, not the huge global banks hit by billions in writedowns from subprime mortgage ... Cleveland, some of the areas where the housing bubble burst, it could be real bad news. I don't see the bigger banks rushing into those areas to provide credit.
    2008-03-03 12:06:00

  • HSBC Second-Half Net Rises 17% as Asia Offsets U.S. (Update3)

    Bloomberg - Rising U.S. mortgage defaults sparked a six-month credit freeze that has forced the world's biggest financial institutions to set aside more than $180 billion in asset writedowns and bad loans.
    2008-03-03 07:12:00

  • Availing home loan is not difficult

    pressbox.co.uk - However, Texas bank offers bad credit home loans at very affordable mortgage rates. With the help of this kind of loan, an individual can improve upon his credit history and can easily avail loan in the future.
    2008-03-01 03:57:00

  • Asian Markets Mixed

    Forbes - ... following Bernanke's overnight remarks that banks and lenders should write down some of the principal on their bad mortgage loans ... Chinese financial companies listed in Hong Kong fell on the credit tightening concerns.
    2008-03-05 03:13:00

  • Standard Bank Cuts 2008 Profit Target on South Africa (Update1)

    Bloomberg - ... interest rates, slower economic growth and household debt have ``heightened credit ... That has caused more bad debts at Standard and its South African competitors ... Impairments for mortgage loans, the biggest part of Standard Bank's lending, surged ...
    2008-03-05 02:38:00

  • UBS leads banking shares lower on credit fears

    Daily Telegraph - ... that the Swiss bank was poised to reveal further large write-downs on its mortgage ... The renewed fears over the impact of the credit crunch, coupled with HSBC's revelation that it was taking an £8.7bn bad debt charge on US sub-prime mortgages ...
    2008-03-03 08:09:00

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