Mortgage and Financial News From 2008-3-14
Previous Day: 2008-03-13
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Hong Kong shares close higher on Fed move to ease credit crunch ...
Forbes - ... system would be better equipped to deal with a seemingly endless stream of bad news as monetary authorities try to break the stranglehold of a global credit ... the Fed announced the measure as part of a worldwide effort to help banks and mortgage ...
2008-03-12 02:03:00 -
Stocks Bounce Back
BusinessWeek - Despite a wave of bad news on the credit markets and economy, stocks bounced back Thursday on hopes that the end of the credit ... The thrifts and mortgage finance industry jumped 6.12% on hopes the subprime crisis would end sooner rather than later
2008-03-12 05:55:00 -
Rough winds and bad timing - or why it has been tough to love Darling
Guardian Unlimited - Rough winds and bad timing - or why it has been tough to love Darling ... the decision to pay for a cut in corporation tax by abolishing dividend tax credit ... fuel, increased stamp duty on properties worth more than £250,000 and cut mortgage ...
2008-03-12 01:06:00 -
World markets advance after Fed's move to ease credit troubles, but ...
CNBC - Federal Reserve and other central banks to ease pressure on the world's credit ... US$200 billion (euro130 billion) in exchange for debt, including slumping mortgage ... April will still be bad (for Hong Kong stocks), but after that it might get ...
2008-03-12 03:22:00 -
JGBs rise to three-year highs as Nikkei falls
Guardian Unlimited - Foreign players and hedge funds kept unwinding bad bets on curve flattening ... been shaken this week as hedge funds and other investors were forced to dump mortgage ... will remain under downward pressure on deepening concerns about global credit ...
2008-03-14 01:11:00 -
JGBs fall as Fed acts on credit market strains
Reuters - ... with major foreign central banks after a sharp deterioration in the $7 trillion U.S. mortgage bond ... said quick trimming of losses partly reflected moves by market players to unwind more of those bad positions. "The Fed's action to ease the credit ...
2008-03-12 12:30:00 -
Fed Credit Move Lifts Sagging Stocks
NPR News - Fed Credit Move Lifts Sagging Stocks by Jim Zarroli ... auction off $200 billion worth of Treasury bills to banks and brokerage firms and it would allow them to use their bad mortgage ...
2008-03-12 05:45:00 -
U.S. economy battered by bad news
Seattle Times - ... swinging between gloomy recession evidence and rising hopes that all the bad ... time — plans to fix various problems that have led to a severe crisis in credit ... blows and noting that some of the problems, such as plunging home sales and mortgage ...
2008-03-14 12:07:00 -
White House proposals target risky mortgage practices
Los Angeles Times - ... would have to offer new initiatives to offset fears that America's credit system ... enough to deal with rapidly changing and highly unstable financial and mortgage ... and sold yet again, the brokers never suffered for putting together bad deals ...
2008-03-13 11:52:00 -
2 women charged in mortgage fraud
Indianapolis Star - Ross and Locke's plans unraveled as lenders contacted buyers to ask about delinquent mortgage payments, according to FBI agent Charmaine Barfield. She said the lack of mortgage payments gave buyers bad credit ratings and, in some instances, led to ...
2008-03-14 12:42:00 -
White House Offers Plan to Ward Off Credit Crises
New York Times - But in many ways, the plan relies on the same market participants — from mortgage brokers to credit-rating agencies and Wall Street ... The confluence of bad news is testing the administration and lawmakers as they struggle to respond to a slump ...
2008-03-14 01:11:00 -
Stricter Mortgage Rules Proposed
Los Angeles Times - The housing and credit woes have shaken Wall Street, propelled home foreclosures to record highs and forced financial companies to absorb multibillion losses on bad investments in mortgage-backed securities.
2008-03-14 01:18:00 -
Credit rater's outlook on mortgage debt pulls stocks up
Chicago Tribune - Stocks on Thursday clawed back from a steep morning loss to close a bit higher. Late in the day, traders were heartened by an estimate by credit rating agency Standard & Poor's that the process of writing down bad mortgage-related debts is more than ...
2008-03-13 11:52:00 -
JGBs rise to three-year highs as Nikkei falls (Reuters via Yahoo! Malaysia News)
TOKYO, March 14 - Japanese government bonds jumped to their highest level in three years on Friday as a slide in Tokyo stocks renewed investor appetite for safe-haven securities.
2008-03-14 01:09:17 -
Should You Unlock Capital From Your Home? (The Motley Fool)
Does it make sense to borrow more money against your home?
2008-03-14 01:16:04