Mortgage and Financial News From 2008-2-5 Page 6

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  • Subprime's False Hope, 2008 Reversals, Japan-U.S. Ties: Timshel

    Bloomberg - Thornburg Mortgage Inc., a specialist in adjustable-rate loans to home buyers with relatively good credit, had net income of $64.8 million. The profit followed a $1.1 billion loss in the third quarter, when subprime-related upheaval in credit markets ...
    2008-02-05 09:20:00
  • U.S. Recession Indicators Are All Pointing South: Caroline Baum

    Bloomberg - House prices were rising faster than the cost of carrying them (mortgage rates). Mortgage loans were available to anyone who asked. As a result, ``household borrowing relative to disposable personal income hit a postwar record in 2006 ...
    2008-02-05 09:06:00
  • Macquarie Names Moore to Replace Chief Executive Moss (Update7)

    Bloomberg - Net income for the second-half will at least meet last year's A$733 million ($656 million), said Moss, 58, affirming a November forecast and reiterating that the bank has no problem investments in subprime-mortgage assets or credit markets ...
    2008-02-05 09:27:00
  • Foreclosure ends Medford ‘sober house’ battle - Boston Herald

    Foreclosure ends Medford ‘sober house’ battleBoston Herald, United States - 53 minutes agoThe embattled property owner lost the home because he didn’t pay his mortgage, Medford Mayor Michael McGlynn said yesterday. Medford officials say the ...
    2008-02-05 09:06:54
  • Disowned by the Ownership Society - Straight Goods

    Disowned by the Ownership SocietyStraight Goods, Canada - 53 minutes agoThe idea was simple: if working-class people owned a small piece of the market — a home mortgage, a stock portfolio, a private pension — they would cease to ...
    2008-02-05 09:07:45
  • Mr. Homeowner Goes From Foreclosure to No House Payment and Huge ... - The Open Press (press release)

    Mr. Homeowner Goes From Foreclosure to No House Payment and Huge ...The Open Press (press release) - 52 minutes agoHow can a person with bad credit in foreclosure end up having a home with equity and a mortgage with 6% interest, no monthly payment? ...
    2008-02-05 09:08:39
  • Expert Available to Discuss Economic Stimulus Package - Newswise (press release)

    Expert Available to Discuss Economic Stimulus PackageNewswise (press release) - 47 minutes ago... a $20000 or $30000 loss in their home, not to mention a hit to their 401K, and a $300000 potential increase of a couple percent on their mortgage. ...
    2008-02-05 09:13:18
  • JGBs dip on lukewarm auction, rate cut view cools

    Forbes - Euroyen futures and short-term and medium-term JGBs fell after Kaoru Yosano, a heavyweight in the ruling Liberal Democratic Party, told Reuters that the BOJ has no room to cut interest rates from the current low level. Two-year JGB yields rose 3 basis ...
    2008-02-04 10:40:00
  • First Accès Condos project in the Côte-des-Neiges-Notre-Dame-de ... - CNW Telbec (Communiqués de presse)

    First Accès Condos project in the Côte-des-Neiges-Notre-Dame-de ...CNW Telbec (Communiqués de presse), Canada - 46 minutes agoTo receive this credit, buyers must qualify for a mortgage loan and purchase the condo with the intention to living in it. Since the program was launched in ...
    2008-02-05 09:14:15
  • Reserve Bank warns on more rate hikes

    The Australian - Mr Stevens said future meetings of the Reserve Bank board would have to assess whether the current level of interest rates was sufficient to produce that slowdown. The managing director of the Housing Industry Association, Ron Silberberg, said the ...
    2008-02-05 04:05:00
  • Caught In The Middle: Miami's Middle Class Exodus - CBS 4

    Caught In The Middle: Miami's Middle Class ExodusCBS 4, FL - 43 minutes agoWorried she would be priced out of South Florida, DeThomas took the mortgage. In 2003, her Deerfield home appraised for $400000; today, it's going for ...
    2008-02-05 09:16:58
  • Small Talk: Economic woes an added burden for employers - Pittsburgh Post Gazette

    Small Talk: Economic woes an added burden for employersPittsburgh Post Gazette, PA - 41 minutes agoAn employee with debt or mortgage problems is spending an entire morning on the phone with creditors. Or short-tempered staffers cause friction. ...
    2008-02-05 09:19:17
  • Razor gang to save $642m

    News.com.au - ... razor gang will save $642 million over four years in government spending to relieve the pressure on inflation and interest rates ... spending will be cut to reduce outlays by $642 million over four years, including $243 (million) in the current financial ...
    2008-02-05 08:30:00
  • Producer Teddy Riley In Financial Trouble, Puts Studio On The Market - SOHH

    Producer Teddy Riley In Financial Trouble, Puts Studio On The MarketSOHH, Jersey City - 38 minutes ago... in the affluent Church Point neighborhood of Virginia Beach for $1.5 million to pay off federal and city taxes, as well as the home's remaining mortgage.
    2008-02-05 09:21:55
  • Fitch Rates Highland Village, Texas 2008 GOs & COs 'AA-'

    Forbes - ... levels are well above state averages while county unemployment rates ... The current offering is expected to have no impact on the tax rate for the coming fiscal year, with the interest and sinking fund tax rate projected to decline over time with ...
    2008-02-05 02:03:00