Mortgage and Financial News From 2008-5-22 Page 4
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Fund Manager Is to Refinance Stalled Auction-Rate Notes (NYTimes.com via Yahoo! Finance)
Nuveen Investments said that it had a commitment for up to $1.75 billion in liquidity support to help refinance the troubled auction-rate preferred shares its funds once issued.
2008-05-22 06:37:46 -
Builders Tout No-Money Down, Adjustable Mortgages - CNN Money
NEW YORK -(Dow Jones)- Highlighthing their desperation to sell houses, builders are bringing back the gimmicks - mortgage rates that start low, help with down payments, zero out-of-pocket expenses - that helped fuel the housing bubble before its ...
2008-05-22 08:10:00 -
MFA Mortgage Investments, Inc. Announces Second Quarter 2008 Preferred ... - CNBC
NEW YORK, May 22, 2008 /PRNewswire-FirstCall via COMTEX/ -- MFA Mortgage Investments, Inc. (NYSE: MFA) -- In accordance with the terms of MFA's 8.50% Series A Cumulative Redeemable Preferred Stock, the Board of Directors has declared a preferred ...
2008-05-22 12:49:00 -
Hong Kong banks face pressures to raise mortgage rates - report - CNBC
HONG KONG (XFN-ASIA) - Local banks are under pressure to raise their mortgage rates due to a narrowing of interest margins, The Standard reported, citing officials at several local lenders. Hang Seng Bank vice chairman and chief executive Raymond Or ...
2008-05-19 05:54:00 -
Mortgage rates drop below 6 percent - Oakland Tribune
WASHINGTON — Rates on 30-year mortgages dipped below 6 percent this week, falling to their lowest level in five weeks. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 5.98 percent this week. That was ...
2008-05-22 11:31:00 -
Which way will mortgage rate rollercoaster go next? - ScrippsNews
Mortgage rates fell this week on continued signs of economic weakness. The benchmark 30-year fixed-rate mortgage fell 17 basis points, to 6.02 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of ...
2008-05-22 02:51:00 -
Fannie, Freddie Report Progress In Cutting Some Mortgage Rates - Wall Street Journal
Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some "jumbo" mortgages. The executives testified Thursday before the House Financial Services Committee, whose chairman, Rep. Barney Frank, a ...
2008-05-22 04:38:00 -
ECONOMY: When economy revives, how will we know? (North County Times)
WASHINGTON ---- With any luck, the second half of this year will be better than the so-far rocky first half. The Federal Reserve chief hopes that is the case. So does President Bush.
2008-05-22 04:03:37 -
HL:TSX flat as BCE slides 12% with takeover in trouble; N.Y. up modestly, oil steps back@ (INO News)
TORONTO _ The Toronto stock market drifted to a flat close Thursday as a burst of strength in financials was countered by energy stocks which retreated on falling oil prices and a big slide in BCE Inc. (TSX:BCE) as the proposed takeover of the telecom giant looked less likely.
2008-05-22 04:06:24 -
40% drop in mortgage loans at Nationwide (Guardian Unlimited)
The credit crunch takes its toll as Britain's largest building society reports fall in mortgage lending
2008-05-22 04:13:33 -
Cairns Lockie Mortgage Commentary 23 May 2008 (Scoop.co.nz)
Welcome to the eighth fortnightly Cairns Lockie Mortgage Commentary for 2008. We aim to keep you informed on developments at Cairns Lockie, Home Loans and the mortgage market in general.
2008-05-22 04:24:05 -
ECONOMY WATCH (Wisconsin State Journal)
A DAILY DATA UPDATE ON KEY ECONOMIC REPORTS HOME PRICES: U.S. home prices posted their sharpest first-quarter decline since the government began tracking the data 17 years ago. The Office of Federal Housing Enterprise Oversight said Thursday that home prices fell 3.1 percent in the first quarter compared with last year. The index also fell 1.7 percent from the fourth quarter of 2007 to the first ...
2008-05-22 04:45:24 -
Nationwide warns this year will be 'difficult' (Independent)
Nationwide Building Society warned yesterday that market conditions would remain difficult for the whole of this year and that it could take months before inter-bank lending rates moved significantly closer to base rate.
2008-05-22 04:54:31 -
Subprime Lawsuits: How to Defend Yourself - PR Inside
- BlissPR Sarah Murphy, 212-840-1661 sarah@blisspr.com The pace of subprime-related litigation continues with no apparent end in sight as more and more lawsuits are filed against mortgage lenders, Wall Street firms that packaged and resold the ...
2008-05-22 08:10:00 -
Read advice from a financial adviser on the American Axle strike - Detroit Free Press
Do you have questions about what to do if the deal is ratified? Should you take a buyout? How do you plan for retirement after taking a wage cut? How should you use your buy-down? Workers at American Axle’s largest Detroit plant will decide today ...
2008-05-20 05:52:00