Mortgage and Financial News From 2008-3-14 Page 2

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  • The Home Appraisal Numbers Game (CBS News)

    Home appraisers tell CBS News that lenders pressured them to value homes high. And when homes are over-valued, it puts the entire system at risk. Sharyl Attkisson Follows the Money.
    2008-03-14 09:00:07
  • The real estate crunch | On a sinking ship? Sell short (The State)

    MYRTLE BEACH — Christopher James Ranone, a real estate broker and investor for 10 years, never thought a credit squeeze would force him out of his three-bedroom Myrtle Beach townhouse. Now, with a handful of properties on the Grand Strand, about $15,000 in monthly debt payments and an adjustable-rate mortgage that soon will reset, something’s got to give. “What do you do in a credit crunch ...
    2008-03-14 09:13:02
  • Bush plan seeks to help home buyers (The Washington Times)

    IASSOCIATED PRESS/I
    2008-03-14 09:39:52
  • Fed Acts on Wall St. Domino Theory (NYTimes.com via Yahoo! Finance)

    The Federal Reserve’s unusual decision to assist Bear Stearns underscores a long-building concern that one failure could spread across the financial system.
    2008-03-14 09:40:01
  • A splash of color: house plants add color to homes in cooler months

    Carroll County Online - Would you like to learn more about upkeep around the house? Yard tips for Spring? Mortgage rates in the area? Be sure to read the At Home feature section every Friday in the Carroll County Times.
    2008-03-14 04:56:00
  • ARMs: Only the risk-tolerant need apply

    Marketwatch - CHICAGO (MarketWatch) -- Adjustable-rate mortgages are going over like a lead balloon these days as buyers flock to the security of fixed rates. But mortgage experts say that ARMs are still a workable financing option for some, although they are ...
    2008-03-11 05:57:00
  • Not all doom & gloom - Rudd

    News.com.au - But Mr Rudd also acknowledged the negative impact the global credit crisis had had on consumers through higher borrowing costs, reduced access to credit and rising mortgage rates.
    2008-03-12 04:58:00
  • Bear Stearns crisis may force US Fed to slash rates again

    Daily Telegraph - The Federal Reserve could cut interest rates by more than one percentage point in a bid to stabilise financial markets in ... During a speech on mortgage reform yesterday, Fed chairman Ben Bernanke chose not to comment directly on the current woes ...
    2008-03-14 04:56:00
  • Business briefs: State tops in U.S. in mortgage fraud

    Herald Tribune - Mortgage rates increase again Freddie Mac, the mortgage company, reported that 30-year fixed-rate mortgages averaged 6.13 percent this week, up from 6.03 percent last week.
    2008-03-14 05:39:00
  • The next shoe to drop in housing

    CNN Money - As the prices of mortgage-backed securities have fallen, their yields have risen, leading to higher mortgage rates. The national average rate on a 30-year fixed-rate mortgage was 5.96% Thursday, after jumping to 6.08% earlier this week, according to ...
    2008-03-13 07:17:00
  • Bankers step in, bail out Bear Sterns

    Globe and Mail - Mortgage rates are continuing to climb, even as the central banking system tries to force them down because lenders are loath to lend to anyone.
    2008-03-14 05:53:00
  • Brace for further rate rise in May

    News.com.au - As a result, most lenders have lifted their benchmark mortgage rates above the Reserve Bank's recent quarter percentage point rise to 7.25 per cent.
    2008-03-14 05:17:00
  • Bear Stearns crisis sparks UK recession fears

    Daily Telegraph - Millions of British households face soaring mortgage rates and tumbling house prices after the global financial crisis triggered the near-collapse of one of the world's biggest banks. Experts warned that there is now an increased likelihood of a ...
    2008-03-14 03:59:00
  • Fed Efforts Foiled By Banks as Residential Mortgage Rates Rise

    Bloomberg - March 14 (Bloomberg) -- Ben S. Bernanke can't revive the housing market and the banks aren't helping him. The U.S. Federal Reserve has cut interest rates five times, pumped $200 billion into the financial system this week, and today its New York ...
    2008-03-14 01:43:00
  • Oversight committee had a role in excess stock prices (Daily Record)

    The business channels this morning were saturated with Congressional Oversight groups reviewing perceived excesses in executive compensation. Most of those testifying were involved in the banking/sub-prime crisis and had sold some of their holdings prior to significant stock declines.
    2008-03-14 07:22:33