Mortgage and Financial News From 2008-2-27 Page 15
Previous Day: 2008-02-26
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Dollar hits record low vs euro
Reuters - ... The dollar hit a record low beyond $1.50 versus the euro on Wednesday as weak U.S. data reinforced the view that U.S. interest rates have further to fall, driving up oil and gold prices. European stocks fell after results from British mortgage lender ...
2008-02-27 08:15:00 -
City watchdog warns of 'permanent' end to easy credit in wake of ...
Daily Mail - But he warned lenders not to use the credit crunch as an excuse to push up mortgage rates. "We will be looking for firms to treat their customers fairly in these arguably more difficult times," he added.
2008-02-27 04:33:00 -
Toll Reports Second Straight Loss as Demand Slumps (Update5)
Bloomberg - Mortgage rates are rising and banks are making it harder for consumers to qualify for loans. The company's first-quarter loss was the second in a row.
2008-02-27 07:32:00 -
Interest rates: The new conundrum
CNN Money - Cuts lifting inflation fears...and mortgage rates But Kevin Giddis, managing director of fixed income at Morgan Keegan, said the rise in long-term yields could also be a sign that bond investors are worried the Fed will go too far with rate cuts and ...
2008-02-25 09:51:00 -
Sponsored by:
Marketwatch - The key positive themes for the home builders include strong balance sheets and cash-flow generation by most, improving affordability as prices and mortgage rates have dropped, and compelling valuation levels even assuming further write-downs ...
2008-02-27 07:54:00 -
Decline in Home Prices Accelerates
Wall Street Journal - But some mortgage rates are actually rising, and those that are falling haven't fallen that much. The average interest rate on a standard 30-year fixed-rate mortgage was 6.38% yesterday, little changed from September but up from 5.61% in late January ...
2008-02-27 06:14:00 -
Fannie, Freddie surge on mortgage relief
CNN Money - We are experiencing high serious delinquency rates and credit losses across our conventional single-family mortgage credit book of business, especially for loans to borrowers with low credit scores and loans with high loan-to-value ('LTV') ratios ...
2008-02-27 08:22:00 -
Mortgage interest rates go up again
New Zealand Herald - Global credit market turmoil is tightening the squeeze on New Zealand households, with the country's largest bank, ANZ National, raising key mortgage interest rates once again in response to "severe" market conditions. Fixed mortgage rates for both ...
2008-02-27 08:01:00 -
UPDATE 2-U.S. mortgage applications fall to 2008 low - MBA
Reuters - NEW YORK, Feb 27 (Reuters) - Applications for U.S. home mortgages plunged to their lowest level this year as rising long-term interest rates curbed incentives to refinance, an industry group's data showed on Wednesday. The Mortgage Bankers ...
2008-02-27 08:22:00 -
Poorest Counties Hardest Hit by Mortgage Crises
Forbes - Subprime mortgage rates in high-poverty counties may double, triple, and occasionally quadruple the state average. For example, Texas has an average subprime mortgage rate of 16.7 percent, but in 30 counties - all with poverty rates above the state ...
2008-02-27 07:39:00 -
Fannie Mae Posts Nearly $3.6B Loss in 4Q (AP via Yahoo! Finance)
Regulators on Wednesday lifted the cap on Fannie Mae's mortgage-investment portfolio even as the company lost nearly $3.6 billion in the fourth quarter of 2007 amid mounting home-loan delinquencies and soured bets on interest rates.
2008-02-27 08:39:23 -
New Worries on Inflation and Homes (NYTimes.com via Yahoo! Finance)
The confluence of falling home prices and accelerating inflation is putting policy makers in an increasingly tough position.
2008-02-27 08:39:46 -
Bush Vows to Veto a Mortgage Relief Bill (NYTimes.com via Yahoo! Finance)
President Bush sided with banks and mortgage lenders on Tuesday, threatening to veto a bill being offered by Senate Democrats.
2008-02-27 08:39:48 -
(AFX UK Focus) 2008-02-27 16:30 GMT: Stocks rebound on Bernanke comments (Interactive Investor)
NEW YORK (AP) - Wall Street advanced Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant should inflation accelerate, but also said the Fed would remain open to interest rate cuts to help the economy.
2008-02-27 08:40:01 -
Fannie, Freddie surge on mortgage relief (CNN Money)
Fannie Mae and Freddie Mac shares soared as much as 16 percent Wednesday after the government-sponsored lenders' regulator lifted limits on the growth of the companies' mortgage portfolios.
2008-02-27 08:40:18
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