Mortgage and Financial News From 2008-3-14 Page 15

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• (AFX UK Focus) 2008-03-14 14:20 GMT: Metals - Tin surges to series of historic peaks, other metals continue higher (Interactive Investor)

  LONDON (Thomson Financial) - Tin rallied nearly 4 pct to hit a series of historic peaks as funds continued pouring money into commodities in general, and tin in particular, attracted by the metal's still strong fundamentals.
  2008-03-14 07:47:03

• Home sales, prices continue slide (San Francisco Chronicle)

  Home values are eroding at an accelerating rate in the Bay Area as the credit crunch and a game of chicken between buyers and sellers pushed last month's prices down nearly 15 percent and held the number of homes sold near a historic low. The February decline...
  2008-03-14 07:47:32

• Family First Mortgage Group Bucks Negative News on Real Estate Lending

  Forbes - ... tighter, home prices have dropped. There is still plenty of financing available for stable borrowers. That's why we don't represent just one mortgage product. We have relationships with dozens of lenders, and we help each family find the lender ...
  2008-03-12 10:10:00

• UPDATE 1-RESEARCH ALERT-Bear upgrades Thornburg; stock surges

  Reuters - March 12 (Reuters) - Bear Stearns upgraded "jumbo" mortgage lender Thornburg Mortgage Inc (TMA.N: Quote , Profile , Research ... to lend up to $200 billion of Treasury securities in exchange for a wider array of collateral, including larger home ...
  2008-03-12 08:37:00

• Guides for Mortgage Newsletter

  Colleyville Courier - California Home Loan Mortgage Lender California Mortgage Best Mortgage Florida Mortgage Lender ... Guides for Mortgage Newsletter Find List of Low Interest & Easy Mortgage & Loan Programs.
  2008-03-14 02:30:00

• U.S. Stocks Rise, Led by Banks, Industrials; Caterpillar Gains

  Bloomberg - Thornburg Mortgage Inc., the ``jumbo'' home lender struggling to meet margin calls, surged $1.72, or 110 percent, to $3.28 after Bear Stearns upgraded its rating and said the company's chances for survival have improved.
  2008-03-12 10:03:00

• Darling Will Delay Plan to Increase U.K. Fuel Duties (Update2)

  Bloomberg - Darling is seeking to rebuild his support among voters after criticism for his handling of the bailout of mortgage lender Northern Rock Plc, reversals of policies on capital gains taxes and a levy for wealthy foreigners.
  2008-03-12 02:25:00

• Darling Borrows 18 Billion Pounds More as U.K. Growth Slows

  Bloomberg - The popularity of Prime Minister Gordon Brown's Labour has faltered since October after criticism of the way Darling handled the economy and the bailout of mortgage lender Northern Rock Plc.
  2008-03-12 06:43:00

• Fitch cuts Countrywide credit rating

  Forbes - Countrywide is the nation's largest mortgage lender. 'In reviewing large banks with high home equity exposure, Fitch believes that Countrywide's portfolio characteristics are consistent with those that are exhibiting more stress,' Fitch said.
  2008-03-12 02:42:00

• Stocks Rally on Fed Move, Oil Price Dip

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... The fact that the Fed has gone from lender of last resort to lender of first resort ... after the Federal Reserve said it would lend Treasurys in exchange for mortgage ...
  2008-03-12 08:23:00

• '08 foreclosure rate is on way to a record

  Herald Tribune - The last stop before foreclosure is a short sale -- selling a home for less than the mortgage after getting the lender to agree to share the loss.
  2008-03-14 01:18:00

• Untangling the loan Web

  Chicago Tribune - ... to the borrower's home. The online lender ... attorney to review mortgage documents. Home buyers usually have an attorney review loan papers.Refinancers, in particular, are at risk of getting a loan with unfavorable terms if they use an online lender ...
  2008-03-14 04:39:00

• Kraft Foods, Deutsche Bank Lead Increase in European Bond Sales

  Bloomberg - HBOS Plc, the U.K.'s largest mortgage lender, issued 750 million pounds of 9.54 percent undated variable notes yielding 450 basis points more than the benchmark mid-swap rate for 10 years, Bloomberg data show.
  2008-03-14 02:58:00

• Lender reports drop in defaults

  Contra Costa Times - LOS ANGELES -- Countrywide Financial Corp. said Thursday that its home loan delinquency rate dipped slightly in February compared with the previous month, but foreclosure rates kept climbing. The nation's largest mortgage lender and servicer said ...
  2008-03-14 02:58:00

• U.S. Stock-Index Futures Decline; Starbucks, Teva Shares Drop

  Bloomberg - Moody's Investors Service downgraded credit ratings for Ohio's largest bank because the lender will likely post ``significant'' mortgage-related losses.
  2008-03-14 04:31:00

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