Mortgage and Financial News From 2008-2-3 Page 36

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  • Housing crash related to 9/11 - Bryan College Station Eagle

    Housing crash related to 9/11Bryan College Station Eagle,  United States - 1 hour agoInterest rates on home mortgages dropped quickly enough that the National Association of Realtors' well-known housing affordability index showed that almost ...
    2008-02-03 04:29:00

  • Labor caught between stools - Sydney Morning Herald

    Labor caught between stoolsSydney Morning Herald, Australia - 1 hour agoTo the extent that a budgetary tightening reduces the need for further rises in interest rates, it avoids heaping all the burden of restraint on just the ...
    2008-02-03 04:55:47

  • Tenants face fallout of further rate rise - Sydney Morning Herald

    Tenants face fallout of further rate riseSydney Morning Herald, Australia - 1 hour agoMost analysts are tipping a rise of 25 basis points to contain surging inflation, despite big interest rate cuts in the US. The predictions come amid ...
    2008-02-03 04:57:08

  • Warning of 10% hike in rentals - The Age

    Warning of 10% hike in rentalsThe Age, Australia - 1 hour agoEach interest rate rise lifts the costs facing home buyers by roughly $21 a month for every $100000 borrowed. Many borrowers, however, keep ahead in their ...
    2008-02-03 05:13:20

  • Rates pain to hit Melbourne families - Melbourne Herald Sun

    Rates pain to hit Melbourne familiesMelbourne Herald Sun, Australia - 13 minutes ago"(The Reserve Bank) should wait and see on interest rates until the effect of the turmoil in the United States caused by the sub-prime housing market is ...
    2008-02-03 06:02:20

  • Reserve set to raise rates to 12-year high - The Australian

    Reserve set to raise rates to 12-year highThe Australian, Australia - 12 minutes agoThe Prime Minister declined to comment on the outlook for interest rates. "If you believe in independent monetary policy and the independence of the Reserve ...
    2008-02-03 06:02:49

  • We suffer while banks profit - Daily Telegraph

    We suffer while banks profitDaily Telegraph, Australia - 8 minutes agoSince the market bloodbath last month, and amid the upward march of interest rates, things are not looking so rosy. So, who will pay the price for what ...
    2008-02-03 06:07:04

  • Bank of Maharashtra hints at lending rate cut in some segments (The Economic Times)

    Public sector lender Bank of Maharashtra might effect a lending rate cut in some segments next week, a top bank official said.
    2008-02-03 04:27:48

  • Bankers readying for rate cut this month (The Economic Times)

    A host of public sector banks may cut lending rates following home loans lender HDFC slashing the rates by 0.25 pc.
    2008-02-03 04:28:10

  • Acid Rain Tsunami coming? - community blog from Sriram Natarajan (Finextra)

    Acid Rain Tsunami coming? While the US (and the world) is groggily trying to get back on its feet after the mortgage sucker punch, the knockout punch seems to be flying in! The toxic sub prime home mortgage debt of USD 900 B may be overwhelmed by an acid rain of credit card debt pouring in.
    2008-02-03 04:50:55

  • Wayne Swan: We feel your pain (Daily Telegraph)

    AS families brace themselves for another interest rate hike, Treasurer Wayne Swan has declared he understands Australians' financial stress from personal experience.
    2008-02-03 05:00:00

  • Note to Congress on Bush's ideas: Just do it

    Everett Herald - Tonight I ask you to pass legislation to reform Fannie Mae and Freddie Mac, modernize the Federal Housing Administration and allow state housing agencies to issue tax-free bonds to help homeowners refinance their mortgages." What is significant about ...
    2008-02-02 11:54:00

  • Smith's bill to assist in refinancing gains steam

    OregonLive.com - WASHINGTON -- Sen. Gordon Smith, R-Ore., wants to make it easier for homeowners to refinance their subprime mortgages and avoid foreclosures. Smith, along with Sen. John Kerry, D-Mass., proposed legislation to provide $10 billion to state and local ...
    2008-02-03 12:01:00

  • Interest rate cut triggers local refinancing

    Newark Advocate - NEWARK -- Local homeowners, excited about the Federal Reserve's two recent interest rate cuts, flocked to their banks in recent weeks to pursue refinancing of their mortgage loans. The Fed lowered the discount rate by half a point Wednesday after a ...
    2008-02-03 01:20:00

  • As bad as it is today, it was much worse in the '30s

    Herald Tribune - The fundamental idea, according to the AEI scholar, who had 35 years in banking when he left the Chicago Fed in 2004, was that for three years, the HOLC would acquire defaulted residential mortgages from lenders and investors and then refinance the ...
    2008-02-03 01:27:00

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