Mortgage and Financial News From 2008-3-8 Page 2

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  • Countrywide Lenders Face Probe

    Tampa Bay Online - WASHINGTON - Federal authorities have opened a criminal inquiry into Countrywide Financial for suspected securities fraud as part of the continuing fallout over the mortgage crisis, government officials with knowledge of the case said Saturday. The ...
    2008-03-08 08:49:00

  • Small companies play big roles in gathering information (The Record)

    When three small New Jersey companies crunch their numbers, the nation listens.
    2008-03-08 10:30:45

  • More are tapping 401(k) funds to make ends meet (The Pantagraph)

    Trent Charlton knew the risks when he borrowed $10,000 from his 401(k) and cut his retirement savings in half.
    2008-03-08 10:31:51

  • Ahearn: State still willing to invest in home ownership for the needy. (The Record)

    IT SEEMS NOT a day goes by without the governor saying times are tough, there's no fat in the budget, towns must get along with less help from the state.
    2008-03-08 10:32:06

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-08 10:39:07

  • Subprime lending raises fears of crime, lost value (The Times of Northwest Indiana)

    GARY | Among the legions of Americans hurt by the subprime mortgage implosion, count Mary and Tarsha Walton of Glen Park.
    2008-03-08 10:41:42

  • Countrywide now subject of criminal investigation (San Antonio Express-News/KENS 5)

    Fed probers looking at statements on finances, loans.
    2008-03-08 10:42:15

  • Emerald opens; high-rises buck housing slump (Galveston County Daily News)

    After some delay, the high-rise tower Emerald by the Sea, a forerunner in the skyline-altering island condominium boom, is scheduled for completion by month’s end.
    2008-03-08 10:42:29

  • Mortgage foreclosures hit all-time high

    Chicago Tribune - Among the initiatives promoted by the administration is allowing some homeowners with certain subprime home loans to freeze their interest rate for five years.
    2008-03-05 03:59:00

  • 5 questions for this fund manager

    Sify - Overall our view is that the direction of interest rates is downwards and this being one of the biggest interest rate sensitive industries, the impact will be directly beneficial.
    2008-03-08 08:06:00

  • Downturn Tests the Fed’s Ability to Avert a Crisis

    New York Times - In the last seven months, policy makers have cut interest rates, injected money into the banking system and approved a fiscal ... The Fed rate cuts aren’t doing anything for my clients except confuse them,” Steve Walsh, a mortgage broker in the ...
    2008-03-08 08:28:00

  • Task force offers help for those facing foreclosures

    Times Reporter - ... who heads the task force’s education committee. “That includes, ‘I’m behind on my mortgage payments, what can I do?’ ‘How can I tell if my loan is a good or bad one?’ ‘What is my APR, and why is it different from my interest rate ...
    2008-03-08 07:59:00

  • ECB president Jean-Claude Trichet brushes off warnings that Europe is ...

    Daily Telegraph - Euro hits an all-time high but ECB stands firm, says Ambrose Evans-Pritchard The European Central Bank has dashed hopes for an interest rate cut in the coming months, defying mounting calls for monetary stimulus to head off a sharp slowdown.
    2008-03-06 06:14:00

  • Muto Is Nominated BOJ Head, Needs Opposition Approval (Update3)

    Bloomberg - The yen traded at 102.65 per dollar at 3:13 p.m. in Tokyo from 102.75 before the interest-rate announcement. The yield on the five-year note fell 3 basis points to 0.74 percent.
    2008-03-06 10:25:00

  • Dangerous Cracks Appearing in Job Market

    Yahoo Finance - The worsening situation will prompt the Federal Reserve to cut a key interest rate deeply -- perhaps by as much as three-quarters of a percentage point -- at its next meeting March 18, or possibly sooner, to help brace the teetering economy, analysts ...
    2008-03-08 04:53:00

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