Mortgage and Financial News From 2008-2-27 Page 8
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Fed chairman sees 'significant' sales of larger loans backed by Fannie ...
CNBC - In wide-ranging congressional testimony, Bernanke said the government-sponsored mortgage companies should nevertheless be able to sell a "significant" number of bonds backed by these loans.
2008-02-27 01:16:00 -
Federal regulator lifts limits on mortgage portfolios held by Fannie ...
CNBC - WASHINGTON - Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in the housing sector punish the two companies. Fannie, the largest buyer and backer of U.S. home loans, said ...
2008-02-27 12:54:00 -
Fannie Mae Introduces HomeSaver Advance(TM) Mortgage Workout Option ...
MSN MoneyCentral - Fannie Mae anticipates that HomeSaver Advance will reduce the number of delinquent mortgage loans it purchases from its mortgage-backed securities trusts and the fair value losses it would record in connection with those purchases.
2008-02-27 01:52:00 -
Standard & Poor's says credit quality for most loans securing mortgage ...
CNBC - NEW YORK - The delinquency rate for a wide range of home loans that provide the payments for mortgage bonds has spiked in the past year, Standard & Poor's said Wednesday. In a report detailing credit quality, S&P said most pools of home loans that ...
2008-02-27 11:43:00 -
A poisonous mix for the economy
San Diego Union-Tribune - Nationwide, the number of mortgage defaults and home foreclosures jumped 57 percent ... Consumer confidence plunged to its lowest level since February 2003 when the nation ... nationwide and in San Diego County – that's far below the double-digit rates of ...
2008-02-27 08:22:00 -
AP Business NewsBrief at 12:13 p.m. EST
CNBC - ... lifted the caps on the investment portfolios for government-sponsored mortgage ... of sluggish business growth and sent a fresh signal Wednesday that interest rates ... The median price of a new home dropped to the lowest level in more than three years
2008-02-27 09:12:00 -
Birmingham reports another drop in existing homes sales
Birmingham Business Journal - Total residential inventory in the Multiple Listing Service was 11,757 in January 2008, which Tillman said is the lowest it's been since February 2007. "With many houses to choose from in all price ranges, and record low mortgage rates, this is ...
2008-02-27 11:57:00 -
Asia Day Ahead: U.S. Stocks Fall; Fed to Act in `Timely Manner'
Bloomberg - Gold futures rose to a record as the dollar fell to the lowest ever against the euro, boosting the appeal of the metal as ... ANZ National Bank Ltd., New Zealand's largest lender, raised its fixed mortgage rates for the second time this year as global ...
2008-02-27 12:19:00 -
Ahead of the Bell: Mortgage Applications
Boston Globe - ... at Nomura Securities, said in a research report that the declines reflected a "swift reaction" to a jump in mortgage rates. ... The index has fluctuated over the past 18 months after sinking in June 2006 to 529.6, its lowest level since 2002.
2008-02-27 04:05:00 -
Treasury Two-Year Notes Rise on Fannie's Forecast for Housing
Bloomberg - Feb. 27 (Bloomberg) -- Treasury two-year notes rose as mortgage lender Fannie Mae ... It touched 1.82 percent on Feb. 15, the lowest since April 2004. ... bode well for TIPS when there is positive inflation and the Fed is cutting rates.
2008-02-27 12:11:00 -
Reuters Business Summary (Reuters via Yahoo! Malaysia News)
Bernanke says Fed prepared to help U.S. economy
2008-02-27 11:33:33 -
Asia Day Ahead: U.S. Stocks Fall; Fed to Act in `Timely Manner' (Bloomberg.com)
Feb. 28 (Bloomberg) -- U.S. stocks dropped, led by power producers and energy companies, after Bear Stearns Cos. advised selling utility shares and oil slipped below $100 a barrel.
2008-02-27 12:33:07 -
Birmingham reports another drop in existing homes sales (BizJournals)
Sales of existing homes in Birmingham declined by 18 percent in January, compared to the same month last year.
2008-02-27 12:54:07 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Bernanke says Fed prepared to help economy
2008-02-27 01:12:24 -
Bernanke Signals Fed Prepared to Lower Rates Again (Update5) (Bloomberg.com)
Feb. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank is prepared to lower interest rates again even as inflation accelerates.
2008-02-27 01:21:35
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