Mortgage and Financial News From 2008-3-14 Page 12

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  • Australian, N.Z. Dollars Rise as Asian Stocks, Commodities Gain (Bloomberg.com)

    March 14 (Bloomberg) -- The New Zealand and Australian dollars headed for the largest weekly advance since February as commodities rose and gains in U.S. stocks encouraged investors to resume purchases of higher-yielding assets.
    2008-03-13 10:49:30
  • One couple’s story of how they lost their house (Ludington Daily News)

    This is the second in an occasional series of stories the Daily News is running on foreclosures. We are looking at the issue of foreclosures, the real estate market and what it means to our community.
    2008-03-14 10:36:17
  • Bernanke vows to help; more mortgage disclosure sought (USA Today)

    Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to help struggling homeowners.
    2008-03-14 10:37:50
  • Fact Sheet: Taking Responsible Action to Help Homeowners and the Economy (wallstreet:online AG)

    Today, President Bush delivered remarks at the Economic Club in New York and discussed the appropriate
    2008-03-14 10:55:20
  • Housing affordability at worst level since 1990

    Globe and Mail - Those costs rose everywhere in the country except in Alberta, where the cooling housing market saw costs of owning a home drop in all categories. On the bright side, the report says dropping mortgage rates, slower gains in house prices and income ...
    2008-03-14 06:33:00
  • Bush Sounds Upbeat Message on Economy, Notes Strains

    FOX News - They included proposals to allocate $400 billion to purchase abandoned and foreclosed homes, to change the bankruptcy code to allow judges to adjust mortgage rates, and to artificially prop up home prices.
    2008-03-14 09:32:00
  • Insurer Losses From Subprime Collapse Approach Katrina Claims

    Bloomberg - ... Katrina, companies including Northbrook, Illinois- based Allstate Corp., the largest publicly traded U.S. home insurer, raised rates in disaster-prone areas, bolstering their balance sheets and stock prices. Now, insurers are stuck holding mortgage ...
    2008-03-14 05:00:00
  • Bear Stearns Gets Emergency Funds From JPMorgan, Fed (Update3)

    Bloomberg - The failure of two Bear Stearns hedge funds invested in mortgage securities triggered the collapse of the subprime home loan market in July, prompting a sell-off of the assets.
    2008-03-14 09:11:00
  • No one can pick only the winners, that is why all portfolios must be ...

    Boston Globe - My assets include $215,000 in a bond fund, $500,000 in various stock funds, and a mortgage-free home worth about $200,000. Are my stocks, at 55 percent of total assets, acceptable for long-term inflation/return goals?
    2008-03-14 09:25:00
  • U.S. Stock-Index Futures Decline; Starbucks, Teva Shares Drop

    Bloomberg - U.S. stocks rallied this week after the Federal Reserve pumped $200 billion into the financial system to shore up banks battered by mortgage-related losses and Standard & Poor's predicted an end to banks' subprime mortgage writedowns.
    2008-03-14 04:31:00
  • Minnesota 10th in U.S. for mortgage fraud

    Pioneer Press - Sharick said a constricting mortgage market and falling home values revealed still more evidence of fraud last year, even as the number of loans originated dropped to the lowest level since 2002.
    2008-03-14 08:49:00
  • Treasuries Rise as U.S. Consumer Prices Unexpectedly Unchanged

    Bloomberg - Bush, who speaks today to the Economic Club of New York, is not expected to offer new initiatives to stimulate the economy or help homeowners facing mortgage defaults.
    2008-03-14 05:36:00
  • Bear Stearns shares melt down after bailout by JPMorgan, Fed

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education ... Bear Stearns, the nation's fifth-largest investment bank, made its fortune dealing in opaque mortgage-backed securities — a ...
    2008-03-14 08:49:00
  • Bear Couldn't `Catch Niagara Falls With Dixie Cup,' Trader Says

    Bloomberg - These guys are long all kinds of mortgage products that continue to go down in value as a result of all the liquidations that have occurred from the contraction of credit to hedge funds or other borrowers.
    2008-03-14 08:35:00
  • Former US Treasury head Rubin wants mortgage action

    Forbes - WASHINGTON (Reuters) - Former Treasury Secretary Robert Rubin said Friday that the current U.S. mortgage crisis demands fresh ... In recent months, global credit markets have been shaken by a wave of failing U.S. home loans that has also damaged the ...
    2008-03-14 09:11:00