Mortgage and Financial News From 2008-3-5 Page 4

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  • Fannie Mae Prices New Issue 3-Year Benchmark Notes(R) (Bernama via Yahoo! Malaysia News)

    ATTENTION EDITOR, BUSINESS & FINANCE DESKS WASHINGTON, March 6 /PRNewswire-AsiaNet/ -- The following is being issued by Fannie Mae (NYSE: FNM): 3-Year Pricing Date March 5, 2008 Settlement Date March 7, 2008 Maturity Date April 11, 2011 Issue Size $3 billion Coupon 2.750 % Price 99.710 Yield 2.849 % Spread +121.5 basis points / 2.000% 2/28/2010 U.S. Treasury Payment Dates Each April 11th and ...
    2008-03-05 06:05:22

  • Why the bear market shouldn't get you down (Money via Yahoo! Finance)

    Tuesday's bad economic news, and the sharp selloff that resulted, are the latest signs that the stock-market decline is still going on.
    2008-03-05 06:34:00

  • INVESTORSOFFSHORE.COM (Investors Offshore)

    New figures published by the Financial Services Authority (FSA) on Monday show that one in five mortgage holders are concerned about meeting their repayments in the next 12 months. When asked how they would meet these costs, a quarter of them said they had no plans.
    2008-03-05 08:52:22

  • Single mum's idea (Peter Switzer via Yahoo!7 Finance)

    I'm a single mother with a 13 year old son. My annual income is $50,000 plus a government payment of child care of $160 a week. I am wondering if buying a home or unit - say at around $400,000 - is a realistic idea in my circumstances?
    2008-03-05 09:04:00

  • A little help for the uninsured (The State)

    For the past few years, Birdell Perry’s doctor has been telling her to go for a colonoscopy. She wanted to take her doctor’s advice, but she didn’t have insurance to cover it, and she couldn’t come up with money for the procedure that can cost about $1,500, or co-payments of up to $250 for people with insurance. Then a few weeks ago she saw a notice in a small-town weekly about doctors in West ...
    2008-03-05 09:06:09

  • Spitzer unveils subprime help (Queens Courier)

    Saying the federal government has not done enough to address the subprime mortgage crisis, Governor Eliot Spitzer hopes a new piece of state legislation will provide help to thousands of New Yorkers.
    2008-03-05 03:52:05

  • Organised crime turning to mortgage fraud (Independent)

    Mortgage fraud in the UK totalled £700m last year, the Association of Chief Police Officers said yesterday in a report that warned organised crime groups were increasingly targeting home loan providers.
    2008-03-05 04:06:58

  • Baht set to rise to 30.8 (Bangkok Post)

    The baht should appreciate to 30.8 to the dollar within the next 30 days as a result of increased foreign inflows following the cancellation of the central bank's capital controls last week, according to the Securities Analysts Association (SAA).
    2008-03-05 05:30:04

  • An American Nightmare (The Sun Post)

    Colin Hendrick knew the Carlisle on the Ocean had problems, but he never imagined the tangled web of corruption and financial debauchery he’d uncover there.
    2008-03-05 07:06:16

  • Proposal may help save some homes (Minneapolis-St. Paul Star Tribune)

    A freeze on foreclosures would forcing lenders to take partial payments on loans.
    2008-03-05 07:54:10

  • Former Eagle Mountain Mayoral Candidate Charged With Fraud (2News Salt Lake City)

    A former mayoral candidate for Eagle Mountain and his wife were charged today with allegedly engaging in an elaborate mortgage fraud scheme.
    2008-03-05 08:44:42

  • Are We Talking Ourselves Into Recession? (BusinessWeek)

    While you can't talk a strong economy into a weak one, maybe we're making things worse by focusing on the negative news
    2008-03-05 09:12:36

  • U.K. Homeowners Are Concerned About Mortgage Payments (Update2)

    Bloomberg - Homeowners Are Concerned About Mortgage Payments (Update2) By Caroline Binham and Simon Packard ... will advise people on state benefits and extend help in managing debt, saving for retirement and buying household insurance.
    2008-03-04 06:28:00

  • Merits of Mortgage Aid Debated

    Washington Post - Treasury said yesterday that its mortgage-assistance initiative helped 45,000 distressed subprime homeowners get new loans in ... Bair , chairman of the Federal Deposit Insurance Corp. who has been an ally of the Treasury, said she was "encouraged by the ...
    2008-03-03 09:17:00

  • PMI reports big Q4 loss; says 10K filing will be late

    East Bay Business Times - The PMI Group Inc. reported a fourth-quarter net loss of $236 million in its U.S. mortgage insurance operations and said it would be late in filing its 10K annual report with the Securities and Exchange Commission because of delays in obtaining ...
    2008-03-02 03:56:00

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