Mortgage and Financial News From 2008-2-8 Page 36

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  • UK on a tightrope (FT.com via Yahoo! News)

    Here are two scenarios for the UK economy. In the first, there is a sustained credit drought for consumers, resulting in a spiral of falling asset prices, lower spending, layoffs and recession. In the second, worries about credit subside without much of a slowdown, and destabilised by rising energy prices and a falling pound, inflation soars far above its 2 per cent target.
    2008-02-08 11:20:11

  • Euro Heads for Biggest Weekly Loss Since 2006 Against Dollar (Bloomberg.com)

    Feb. 8 (Bloomberg) -- The euro headed for its biggest weekly decline against the dollar since June 2006 as expectations increased that the European Central Bank will be forced to cut interest rates to lift a slowing economy.
    2008-02-08 11:29:22

  • Aztalan sets referendum on proposed annexation (Watertown Daily Times)

    TOWN OF AZTALAN - The town of Aztalan will hold a referendum Tuesday from 7 a.m. to 8 p.m. at its town hall on County Highway B to determine whether a group of residents wishes to see their properties annexed into the city of Jefferson to allow connections to the city sewer system.
    2008-02-08 11:35:54

  • Fed's Big Dilemma: What If Rate Cuts Don't Work? (CNBC via Yahoo! Finance)

    As the Federal Reserve tries to head off a recession, it's facing the troubling reality that its primary weapon--interest rate cuts--may not matter anymore.
    2008-02-08 11:49:48

  • Greenback Takes A Breather To End Positive Week Versus Majors (INO News)

    (RTTNews) - The greenback paused on Friday after a week of solid gains versus other major currencies, with a relatively light economic calendar giving investors a reason to take a breather heading into the weekend.
    2008-02-08 12:02:11

  • Jan. metro home news promising

    Denver Post - 33.8% Increase in January, compared with December, in houses under contract 6% Increase in January, compared with a year earlier, in houses under contract Lower mortgage rates brought out metro-area homebuyers in January, raising hopes that a surge ...
    2008-02-08 09:56:00

  • Home repossessions highest since 1999

    Daily Telegraph - The Council of Mortgage Lenders warned homeowners today that there is "no room for ... Are you worried about repossession? Interest rate relief for homeowners Home loans ... muted than previously expected, thanks to the downward path that interest rates ...
    2008-02-08 08:23:00

  • Adventurous couple run Godde Mortgage

    Antelope Valley Press - ... client to accelerate principle paydown of a long-term mortgage, achieve substantial interest savings and accrue equity in a home much faster than traditional accelerated mortgage payoff strategies. The Goddes are proud that they "have the best rates ...
    2008-02-08 08:38:00

  • Housing starts begin the year with a bang

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... Historically low mortgage rates, solid employment and income growth, as well as a high level of consumer confidence, continue to ...
    2008-02-08 06:58:00

  • The American dream and our conception of home

    San Francisco Gate - ... press release came across the transom announcing the winners of Coldwell Banker's third annual "My Home: The American Dream" contest, I couldn't help but be intrigued. Here was a chance to revisit the American dream, unencumbered by mortgage rates ...
    2008-02-08 09:35:00

  • Financial Funds Get $2.8 Billion of Inflows, Most in Four Years

    Bloomberg - ... Index climbed 8.7 percent from a five-year low on Jan. 18 after the Federal Reserve cut its target for interest rates twice ... The collapse of the subprime mortgage market has led to more than $145 billion of investment losses and writedowns for the ...
    2008-02-08 11:08:00

  • Analyst: Lehman to Gain in Refi Boom

    Forbes - Punk Ziegel & Co. analyst Richard Bove said Lehman Brothers Holdings Inc. will benefit from a predicted boom in home refinancing as long-term mortgage rates decline. In a note to investors Friday, Bove raised his earnings targets for the New York ...
    2008-02-08 10:25:00

  • The Next Subprime - Minyanville.com

    The Next SubprimeMinyanville.com, New York - 2 hours agoProblems for mortgage backed securities are not caused by absolute default rates or even by absolute drops in house prices. Models break down and deals lose ...
    2008-02-08 10:00:18

  • Mortgage lenders cut loan rates after interest rates decision - Money Magic Mortgage News

    Mortgage lenders cut loan rates after interest rates decisionMoney Magic Mortgage News, UK - 1 hour agoMortgage lenders in the UK have moved to cut home loan rates after the decision by the Bank of England to cut interest rates to 5.25 per cent. ...
    2008-02-08 10:05:01

  • IMLA plays down credit crunch impact on mortgages - Money Magic Mortgage News

    IMLA plays down credit crunch impact on mortgagesMoney Magic Mortgage News, UK - 1 hour agoThe Intermediary Mortgages Lenders Association (IMLA) has said that mortgage borrowers in the UK will not be affected as much by the credit crunch as ...
    2008-02-08 10:05:01

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