Mortgage and Financial News From 2008-3-8 Page 19

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  • Mortgage Rates Change In the Blink of an Eye

    Washington Post - Resize Text In the words of more than one mortgage broker, fluctuating interest rates on traditional fixed-rate home loans have been "crazy" this week. Turmoil in the broader credit markets has created confusion on the computer screens of mortgage ...
    2008-03-07 08:36:00

  • Subprime loans prove haunting

    Chicago Tribune - WASHINGTON - Is a blowout taking shape in the impaired-credit mortgage market? Could lax underwriting standards--no verification of incomes or assets, low or no down payments and big mortgages to people saddled with debt--be coming home to roost? The ...
    2008-03-08 12:40:00

  • Immigrants in U.S. buy Mexico homes with cross-border loans (San Jose Mercury News)

    DENVER - When the American Dream failed Arlin Gonzalez, the 31-year-old native of Mexico looked homeward for a second chance.
    2008-03-08 02:00:13

  • Cash crunch, huge losses batter WaMu (New York Daily News)

    Washington Mutual fell to the lowest in 12 years after Merrill Lynch said the nation's biggest savings and loan may report $11.2 billion in losses through next year as more borrowers default on home loans.
    2008-03-08 02:00:47

  • Grim job report points to recession (The Monterey County Herald)

    WASHINGTON — Dangerous cracks in the nation's job market are deepening. Employers slashed jobs by the largest amount in five years and hundreds of thousands of people dropped out of the labor force — ominous signs that the country is falling toward a recession or has already toppled into one.
    2008-03-08 02:04:41

  • Job Losses Stun Economists (The Post-Standard)

    Washington Dangerous cracks are appearing in the nation's job market.
    2008-03-08 02:04:43

  • Business Briefing (The Post-Standard)

    NO. 2 WITH A BULLET:Apple's iTunes Store is now the second biggest music retailer in the country, after Wal-Mart, and iTunes is expected to overtake it sometime this year, according to a report from market research company NPD Group.
    2008-03-08 02:05:11

  • Consumers' credit card use up (The Post-Standard)

    Consumers increased their borrowing in January, especially relying on credit cards to finance their purchases.
    2008-03-08 02:05:55

  • Daley urges mortgage protection (Chicago Sun-Times)

    Warning that "whole streets" are at risk, Mayor Daley on Friday proposed state and federal legislation to combat the mortgage foreclosure epidemic.
    2008-03-08 02:10:18

  • (AFX UK Focus) 2008-03-08 09:52 GMT: Dangerous cracks appearing in job market (Interactive Investor)

    WASHINGTON (AP) - businessminute 0307dv--bush--economy
    2008-03-08 02:12:22

  • HUD praises Oneida Housing Authority (The Post-Standard)

    The Oneida Housing Authority received high marks in a recent federal audit for the second consecutive year, scoring 90 out of a possible 100 points in an examination of its finances, building maintenance, management and tenant satisfaction.
    2008-03-08 02:13:03

  • Rosengren Says Home-Price Drop Raises Risk to Economy (Update1)

    Bloomberg - ... interest rates . The extra yield investors demand to buy mortgage-backed securities issued by government-chartered agencies instead of Treasuries climbed to the highest level since 1986 this week. New-home sales fell in January to the lowest level ...
    2008-03-06 06:40:00

  • Stocks Losses Deepen Amid Credit Worries

    CNBC - The Dow Jones Industrial Average and S&P 500 index both hit their lowest levels since January 22, when closely-watched lows ... Pending-home sales were off 20 percent from January 2007, but "with mortgage rates coming down the way they are, people are ...
    2008-03-06 08:13:00

  • House prices fall modestly in February

    International Herald Tribune - Mortgage approvals fell to their lowest since records began in 1999 at the end of last year and have shown little recovery since. The Bank of England cut interest rates in February for the second time in three months to shore up the economy in the ...
    2008-03-06 12:56:00

  • Ask The Mortgage Expert

    Colleyville Courier - I will answer your mortgage questions and then you can apply on-line and I will obtain the BEST loan and LOWEST rate for ... Mortgage Rates at 4.9% Fixed APR Current Mortgage rates at 2-year lows. Federal fund rates dropped to 3.0% on January 30th, 2008.
    2008-03-05 05:25:00

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