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

RSS Feed

Previous Day: 2008-03-07

Return to the mortgage news archive home.

  • Stocks Fall on Credit, Housing Reports

    Forbes - ... that home foreclosures hit an all-time high in the fourth quarter, while the National Association of Realtors said pending home sales were again sluggish last month. Credit concerns continued to plague the market after lender Thornburg Mortgage Inc ...
    2008-03-06 12:31:00
  • Time to refinance?

    CNN Money - So, if you have an adjustable rate mortgage, and you plan to stay in your home for at least 2 to 3 years, you may really ... You have leverage here, especially if you refinance with a lender who holds your original mortgage.
    2008-03-06 10:58:00
  • GLOBAL MARKETS-Global stocks fall amid renewed credit fears

    Forbes - European and U.S. stocks were pulled down by default notices at U.S. home lender Thornburg Mortgage (nyse: TMA - news - people ) and a Dutch-listed affiliate of private equity firm Carlyle Group.
    2008-03-06 01:49:00
  • Australian shares outlook - Lower on weak Wall Street lead, credit ...

    CNN Money - ... Mar. 6, 2008 (Thomson Financial delivered by Newstex) -- Australian shares are expected to open lower Friday following overnight losses on Wall Street, where financial stocks were down sharply on news of a default at home lender Thornburg Mortgage ...
    2008-03-06 02:11:00
  • Corporate Bond Risk Soars as Concerns of Bank Failures Grow

    Bloomberg - Speculation also increased that New Mexico mortgage lender Thornburg Mortgage Inc. will be forced into bankruptcy after the ... Decline, Led by Banks on Home Foreclosures; Thornburg Drops U.S.
    2008-03-06 12:45:00
  • Banks face "systemic margin call," $325 billion hit: JPM

    MSNBC - JPMorgan, which sent a default notice to Thornburg Mortgage Inc. after the lender missed a $28 million margin call, said more ... The JPMorgan report included a revised bleaker forecast for subprime-related home prices.
    2008-03-08 10:55:00
  • Negotiating with your lender

    CNN Money - If your mortgage is insured, your lender might help you get a one-time interest-free loan from your mortgage guarantor ... We can never advocate just sending your keys back to the lender. Not only will you be losing your home and violating a contract ...
    2008-03-06 10:58:00
  • FBI probes Countrywide for possible fraud: report

    Marketwatch - A filing in that lawsuit says the lender "misled investors by falsely representing that Countrywide had strict and selective ... by negative changes in the credit and housing markets, and a conservative approach that set it apart from other mortgage ...
    2008-03-08 08:53:00
  • Wall St sinks as financial sector's woes increase

    Reuters - NEW YORK (Reuters) - Financial shares drove U.S. stocks down sharply on Thursday after news of a default at a home lender and a report showing U.S. mortgage foreclosures reached a record high. Shares of energy companies also weighed on the market as ...
    2008-03-06 10:36:00
  • Mortgage Stocks Rocked

    Forbes - Mortgage-related stocks tumbled on Thursday following a raft of downgrades and defaults by two of the industry's leading players. Late Wednesday, home-mortgage lender Thornburg Mortgage (nyse: TMA - news - people ) announced it couldn't meet a $28 ...
    2008-03-06 01:42:00
  • Mortgage Rates Change In the Blink of an Eye (Washington Post)

    In the words of more than one mortgage broker, fluctuating interest rates on traditional fixed-rate home loans have been "crazy" this week.
    2008-03-08 10:43:04
  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-08 11:20:27
  • Lenders clamour to fund new houses (Stuff)

    Building your own home might bring stresses of cost over-runs and construction delays, but there's no hassle in getting a loan to fund it.
    2008-03-08 12:44:53
  • GE Capital suspends building loans (Stuff)

    Substantial losses have led a subsidiary of giant global finance firm GE Capital to suspend home construction lending in New Zealand.
    2008-03-08 12:45:53
  • The shares of IHI p.l.c. up on strong volume (Malta Star)

    The Malta Stock Exchange index closed stronger as it advanced by 0.37% to finish at 4669.93 points. International Hotel Investments p.l.c. topped the volume charts, whereas the shares of HSBC Bank Malta p.l.c. succumbed.
    2008-03-08 01:45:45