Mortgage and Financial News From 2008-4-29 Page 4
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How the state can stabilise housing market - Financial Times
Over the past year, federal and state governments, consumer groups, industry and others have worked to contain the growing tide of foreclosures. While some success has been achieved, foreclosures continue to mount and delinquency rates for subprime ...
2008-04-29 03:40:00 -
The squeeze on mortgage provider costs - On Line Opinion
The global credit squeeze and resulting pressure on mortgage provider cost of funds has highlighted fundamental weaknesses in the Australian mortgage market. As policy makers develop the financial services reform agenda, the Australian Securitisation ...
2008-04-29 03:25:00 -
Pelosi: At News Conference This Morning, President Should Agree to ... - CNBC
WASHINGTON, April 29, 2008 /PRNewswire-USNewswire via COMTEX/ -- Speaker Nancy Pelosi issued the following statement today in advance of a news conference the President will hold this morning on the economy: "The American economy is in perilous ...
2008-04-29 08:09:00 -
BofA plans to assist troubled borrowers holding $40 billion in ... - MSN MoneyCentral
Bank of America said it plans to refinance or modify terms on $40 billion of mortgages for troubled borrowers over the next two years, after acquiring Countrywide Financial later this year. The bank expects the moves to aid 265,000 borrowers who are ...
2008-04-29 03:18:00 -
Bush Calls for More Measures to Aid Americans' Pocketbooks - FOX News
WASHINGTON — President Bush said Tuesday that Americans are "understandably anxious" about their bottom lines, and skewered Congress for not passing a number of bills he said would put the economy on a better footing. Bush called on Congress to ...
2008-04-29 12:48:00 -
Home prices plunge at faster pace in February - Marketwatch
WASHINGTON (MarketWatch) -- The decline in U.S. home prices quickened in February, with prices down a record 12.7% in the past year for 20 key cities, according to the Case-Shiller home price index released Tuesday by Standard & Poor's. In February ...
2008-04-29 09:06:00 -
GMAC Far From A-OK - Forbes
Surging foreclosures are making it difficult for some mortgage handlers to stay out of the red. General Motor's finance company GMAC (nyse: GJM - news - people ) reported a first-quarter loss on Tuesday that was nearly double the one incurred during ...
2008-04-29 12:55:00 -
American Housing Market Still Sliding - Forbes
With an increasing number of Americans losing their homes and house prices tumbling, the credit-crunched U.S. mortgage market may not yet have found its bottom. On Tuesday, real estate Web site RealtyTrac reported a 112.0% year-over-year spike in the ...
2008-04-29 12:55:00 -
WaMu replaces chief risk officer - Seattle Times
Washington Mutual Inc. named a new chief enterprise risk officer Tuesday, as the nation's largest savings and loan struggles with the fallout of the mortgage and credit crises. WaMu said John P. McMurray, formerly its chief credit officer, will ...
2008-04-29 02:14:00 -
Rising defaults hit Countrywide - Financial Times
Results from Countrywide Financial and MasterCard on Tuesday underscored the declining state of the US economy as mortgage defaults soared and more consumers turned to credit cards for basic purchases. Countrywide, the largest US mortgage lender ...
2008-04-29 04:37:00 -
Great Mortgage Rates in Magazine - Colleyville Courier
Get 4 refinance mortgage offers from Magazine brokers. $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK. Create professional Mortgage Marketing ...
2008-04-29 09:42:00 -
Abbey capitalises from crisis in mortgage grab - Financial Times
While most of the UK’s banks are grappling with the impact of the turmoil in the credit markets, one lender is thriving. Abbey on Tuesday reported it had taken advantage of the disarray among its rivals by grabbing almost 16 per cent of the ...
2008-04-29 02:57:00 -
Bank bosses grilled over cash call - Guardian Unlimited
Bosses at the UK's biggest mortgage lender have been grilled by shareholders after asking for £4 billion to strengthen its balance sheet. Halifax Bank of Scotland said the extra capital was needed to "consolidate its competitive position". HBOS also ...
2008-04-29 11:08:00 -
who are you talking to? - Globe and Mail
Dwide Schrude from Canada writes: It's nice to know that while the workers at GM and Ford, the 'have not' auto manufacturers have started to make some concessions that the TTC, people employed by a 'have not' province will get a 3% raise each year ...
2008-04-29 03:18:00 -
The Fed's golden opportunity - CNN Money
Some think that if Federal Reserve chairman Ben Bernanke holds interest rates steady, that could lead to lower oil prices. NEW YORK (Fortune) -- The soaring price of crude oil isn't good for most people, but it could spell opportunity for Ben ...
2008-04-29 07:40:00