Mortgage and Financial News From 2008-1-30

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  • Bond insurers under more pressure after FGIC downgraded - KPLC-TV

    Bond insurers under more pressure after FGIC downgradedKPLC-TV, LA - 1 hour agoLike other bond insurers, FGIC initially focused on guaranteeing municipal bonds, but later ventured into "structured products" including mortgage bonds to ...
    2008-01-30 05:58:51
  • Some home builder investors see light on horizon - Reuters

    Some home builder investors see light on horizonReuters - 34 minutes agoBut after a second cut on Wednesday, as stock markets fell, the construction index lost 6 percent. The easing of interest rates by the Fed helped lower the ...
    2008-01-30 06:25:13
  • House Prices in America are Remarkably Stable - Daily Reckoning - Australian Edition

    House Prices in America are Remarkably StableDaily Reckoning - Australian Edition, Australia - 29 minutes agoAmericans got nearly $250bn worth of home equity every quarter in second mortgages and refinancings. That is nearly 10 per cent of disposable income. ...
    2008-01-30 06:30:34
  • NBR Transcripts-January 30, 2008 - Nightly Business Report

    NBR Transcripts-January 30, 2008Nightly Business Report, FL - 15 minutes agoMy favorites are the ones that really aren't having serious problems related to what's going on in sub-prime mortgages and. PETERS: Bank of America, ...
    2008-01-30 06:44:19
  • Live-blogging tonight's GOP presidential debate - Chicago Tribune

    Live-blogging tonight's GOP presidential debateChicago Tribune, United States - 7 minutes agoSubprime mortgages etc. Then to Huckabee who says "We're not better off." He goes further than McCain in terms of describing how bad off we are economically ...
    2008-01-30 06:53:03
  • Community Bank of Broward earnings down

    MSN MoneyCentral - Florida's economy plunged into a recession with mortgage foreclosures reaching all-time highs," he said. Despite the turmoil, the Weston-based privately held bank had only one non ... Community Bank's income fell because its net interest margin ...
    2008-01-30 02:11:00
  • House passes economic recovery package but Senate add-ons may slow ...

    CNBC - The only way to achieve that would be to take up and pass the House-passed bill." The House plan brought together Democrats ... To address the mortgage crisis, the House bill would raise the limit on Federal Housing Administration loans from $362,790 to ...
    2008-01-28 03:53:00
  • Interest rates slashed again as US growth slumps (Roundup)

    Monsters and Critics - ... growth slowed sharply late last year, and the US central bank slashed key interest ... plummeting growth and counteract the affects of the broadening subprime mortgage ... spending, which accounts for more than two-thirds of the economy, grew at only 2 ...
    2008-01-30 05:02:00
  • UK housing activity slows

    Financial Times - The Bank of England said the number of mortgage approvals for home purchases fell ... But the problems for the Bank in setting interest rates were laid bare when a widely ... the credit crisis and creating the possibility that the economy would grow only ...
    2008-01-30 03:22:00
  • Employees coping with economy, stock market, mortgage problems can ...

    San Diego Union-Tribune - So, he said, “we've given them loans interest free that we deduct every week out ... An employee with debt or mortgage problems is spending an entire morning on the ... Setting limits will not only aid productivity, it will help other staffers know ...
    2008-01-30 11:04:00
  • News Minute: Obama on Clinton...Giuliani to step out...Interest rate ...

    WDAM-TV - WASHINGTON (AP) - The Federal Reserve is cutting a key interest rate for the second time in just over a week, reducing it by half a point. The move comes after news that the economy only grew half as much as expected in the last quarter of 2007. The ...
    2008-01-30 11:40:00
  • As you were at the Bank as King's reign is extended - Scotsman

    As you were at the Bank as King's reign is extendedScotsman, United Kingdom - 2 hours agoThe BoE was widely seen to have acted too slowly to provide liquidity to financial markets that might have saved the mortgage bank. Only last week, King was ...
    2008-01-30 04:06:06
  • US Stocks Decline as Bond-Insurer Concern Outweighs Rate Cut - Bloomberg

    US Stocks Decline as Bond-Insurer Concern Outweighs Rate CutBloomberg - 2 hours agoS&P said after the market's close that it lowered or may cut ratings on $534 billion of residential mortgage securities and collateralized debt obligations. ...
    2008-01-30 04:07:26
  • Fed Comes Through with Expected 50 Basis Point Cut, But Markets ... - Money Morning

    Fed Comes Through with Expected 50 Basis Point Cut, But Markets ...Money Morning - 1 hour agoThe two companies will lose more money than they’re currently predicting from guarantees they sold on complex mortgage-related securities, Bill Ackman, ...
    2008-01-30 04:21:08
  • Fed Cuts Again - Technocrat.net

    Fed Cuts AgainTechnocrat.net, MA - 1 hour agoThe Federal Reserve has done the only thing it could do really, once again slashed interest rates, this time half a point to an even 3%. ...
    2008-01-30 04:21:12