Mortgage and Financial News From 2008-1-30 Page 10

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  • Fed makes second rate cut in eight days (The Kansas City Star)

    The Federal Reserve slashed key interest rates Wednesday for the second time in eight days and just hours after the U.S. clocked its sharpest economic slowdown since 2002.
    2008-01-30 10:02:11

  • In spite of big rate cuts from the Federal Reserve, investors want more help (The Canadian Press via Yahoo! Canada News)

    WASHINGTON - U.S. Federal Reserve Chairman Ben Bernanke, criticized last year for being too tentative in cutting interest rates, has now shown he can act boldly.
    2008-01-30 10:13:00

  • Refinance favors frugal borrowers (Temple Daily Telegram)

    Now that the subprime mortgage shakeout has filtered out unqualified buyers, folks who pay their bills on time and live within their means may be the ones who come out ahead.
    2008-01-30 10:13:09

  • Which is worse: regulation or deregulation? (Online Journal)

    Libertarians preach the morality of the market, and socialists preach the morality of the state. Those convinced of the market's morality want deregulation; those convinced of the state's morality want regulation.
    2008-01-30 10:16:28

  • Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for Fourth-Quarter and ... (PR Newswire via Yahoo! Finance)

    Advanced Semiconductor Engineering, Inc. , the world's largest independent provider of IC packaging and testing services, today reported unaudited net revenues of NT$28,976 million for the fourth quarter of 2007 , up 28% year-over-year and up 4% sequentially.
    2008-01-30 10:18:00

  • Romney not ready to commit to big TV buys for Super Tuesday -- a boost for rival McCain (The Standard-Times)

    WASHINGTON — In a major boost for John McCain, Republican presidential rival Mitt Romney signaled Wednesday he is not ready to commit to a costly campaign in the states holding primaries and caucuses next week.
    2008-01-30 10:22:10

  • Ex-worker at Countrywide-KB Home lending unit sues over firing

    Houston Chronicle - He seeks unspecified compensatory and punitive damages against the joint venture of mortgage lender Countrywide Financial Corp. and builder KB Home. In the suit, Zachary contended he was given an excellent performance review last February then fired ...
    2008-01-29 03:59:00

  • Fired worker sues KB Home, Countrywide

    Miami Herald - He seeks unspecified compensatory and punitive damages against the joint venture of mortgage lender Countrywide Financial Corp. and builder KB Home. The lending practices of Countrywide Financial and other mortgage companies have come under scrutiny ...
    2008-01-29 03:59:00

  • Fired Worker Sues KB Home, Countrywide - The Associated Press

    Fired Worker Sues KB Home, CountrywideThe Associated Press - 3 hours agoHe seeks unspecified compensatory and punitive damages against the joint venture of mortgage lender Countrywide Financial Corp. and builder KB Home. ...
    2008-01-30 06:01:12

  • Republican debate at the Reagan Library - American Federalist Journal

    Republican debate at the Reagan LibraryAmerican Federalist Journal - 3 hours agoMcCain, asked about the home mortgage "crisis", spent a lot of time blaming lenders and "greedy people on Wall Street". How about just a little conservative ...
    2008-01-30 06:02:04

  • Wall St endgame? S&P drops a $265b bombshell - Crikey (subscription)

    Wall St endgame? S&P drops a $265b bombshellCrikey (subscription), Australia - 3 hours agoThe delinquency rate among prime (high quality) mortgages is rising, as reported by Countrywide Financial Services, the biggest US mortgage lender, ...
    2008-01-30 06:06:19

  • Thousands face home repossession - BBC News

    Thousands face home repossessionBBC News, UK - 3 hours agoIt would also oblige mortgage lenders to provide details of the service to all customers. Shelter revealed how one family turned to the organisation for ...
    2008-01-30 06:24:09

  • Buyer's workshop - Tracy Press

    Buyer's workshopTracy Press, CA - 2 hours ago“If they have approval from a lender the city will look on it more favorably.” Ellen Gripp, the city’s Community Development Agency manager, said the city ...
    2008-01-30 07:09:28

  • Stock exchange delists NovaStar Financial - Kansas City Star

    Stock exchange delists NovaStar FinancialKansas City Star, MO - 1 hour agoThe firms were not identified, but the agency said the inquiry involved companies across the industry, from mortgage lenders to firms that bundle home loans ...
    2008-01-30 08:19:45

  • Asia-Pacific Bond Risk Increases After Bond Insurer Credit Cut - Bloomberg

    Asia-Pacific Bond Risk Increases After Bond Insurer Credit CutBloomberg - 1 hour agoCredit-default swaps tied to Japan's consumer finance lenders Acom Co. and Takefuji Corp. rose as concern about rising borrowing costs and slowing economic ...
    2008-01-30 08:34:09

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