Mortgage and Financial News From 2008-3-5
Previous Day: 2008-03-04
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It helps with those mortgages -- but it stinks of conflict
Cape Cod Today - Of course, carrying nearly $6 million in mortgages in 2006 with total monthly payments of $27,000, the Patricks could hardly ... The second and third pieces come from the Boston Phoenix and the Boston Globe, respectively.
2008-02-29 03:58:00 -
U.S. Mortgage Rates Will Tumble to Four-Decade Low (Update2)
Bloomberg - March 3 (Bloomberg) -- Freddie Mac, the world's second- largest mortgage buyer, said the average U.S. fixed mortgage rate ... About two-thirds of those loans are fixed-rate mortgages, according to the Federal Housing Finance Board.
2008-03-03 10:47:00 -
HBOS, Bank of Scotland affirmed at 'AA+' with stable outlook - Fitch
CNBC - ... margin pressure was notable, reflecting both pressure on mortgage prices and higher wholesale funding costs in the second half. Given cyclically weaker outlooks for some of HBOS's more important businesses, including UK residential mortgages, UK ...
2008-03-03 06:00:00 -
Varian Introduces Multiple New Products - Quick Facts [VARI]
RTT News - In addition, the company recently decided to cease production of second mortgages above a combined loan-to-value ratio of 95% in its home equity segment.
2008-03-03 05:32:00 -
Banks Saddled With Unsold Bonds After $4.2 Trillion in Sales
Bloomberg - The market for riskier debt investments dried up in the second half of last year, as losses related to subprime mortgages soared and access to credit tightened.
2008-03-01 03:57:00 -
Buyers of second homes face crackdown
This is Money - In England, 240,000 have second homes. But those who buy properties in sought-after areas, and only use them part of the year, can have a devastating effect on the community. Outsiders push property prices beyond the reach of local families ...
2008-03-03 01:43:00 -
UBS Faces Dearth of IPOs After Vaulting to Top in Stock Sales
Bloomberg - March 3 (Bloomberg) -- When credit markets seized up in 2007, wracked by the plunging value of securities tainted by subprime mortgages, bankers found consolation in equity sales. Fees from initial public offerings rose 20 percent in the second half ...
2008-03-01 03:57:00 -
GERMANY FORGES ON
Globe and Mail - There are no second mortgages in Europe and no tradition of mortgage-equity extraction." As for a credit crunch, Europe doesn't have one. On Wednesday, the ECB's bank lending survey contained surprising information.
2008-03-03 01:21:00 -
Citigroup hits 9-year low
Chicago Tribune - They have tumbled 24 percent this year, the second-worst performance among the 30 members of the Dow Jones industrial ... The nation's largest bank could have $15 billion of write-downs this quarter tied to subprime mortgages and collateralized ...
2008-03-04 11:53:00 -
Irwin Financial Corporation Announces Suspension of Quarterly ...
MSN MoneyCentral - In addition, we have recently decided to cease production of second mortgages above a combined loan-to-value ratio of 95 percent in our home equity segment.
2008-03-03 05:32:00 -
Dollar Trades Near 3-Year Low Against Yen Before Labor Reports
Bloomberg - ... today will show weakening demand for U.S. labor as the world's largest economy grapples with losses on subprime mortgages. ... Masaki Fukui , a senior economist and currency analyst in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second ...
2008-03-04 11:46:00 -
Business briefs (Erie Times-News)
WASHINGTON -- Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.
2008-03-05 12:08:01 -
Subprime mortgages concentrated on Valley's fringes (The Arizona Republic)
Queen Creek, Apache Junction, Avondale, Buckeye, Goodyear and Surprise have double or even triple the rate of these high-risk mortgages compared with neighborhoods closer in, according to new research.
2008-03-05 12:12:03 -
Commercial Finance Advisors Closes $865,000 Daycare/Child Care Refinance (PRWeb)
Commercial Finance Advisors, Inc. closes a $865,000 daycare/child care facility, commercial mortgage refinance. The daycare is located in Clinton Township, Michigan. Loan program was a commercial 30 year fixed. Property was built in two stages; 2000 and 2004, and consist of approximately 9,000 sq ft. (PRWeb Mar 5, 2008) Read the full story at ...
2008-03-05 12:36:42 -
Credit Agricole Has Fourth-Quarter Loss on Writedowns (Update3) (Bloomberg.com)
March 5 (Bloomberg) -- Credit Agricole SA , France's second- largest bank by assets, posted its first quarterly loss since the company went public in 2001 after it added to asset writedowns linked to U.S. subprime mortgages.
2008-03-05 01:16:59