Mortgage and Financial News From 2008-2-6 Page 8

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  • Fannie, Freddie And The Fed (The Acorn)

    Here's some good news for the housing market! During the last few weeks the US Federal Reserve Bank reduced its short term lending rate a total of 1 ¼ points.
    2008-02-06 07:55:23
  • Bitterroot avoids subprime woes (Ravalli Republic)

    Editor’s note: This is part one of a two-part series on the impact of the subprime mortgage meltdown and related economic woes have had on the Bitterroot Valley. Part one explains the origin and history of the problem, and looks at the rarity of foreclosures in the Bitterroot.
    2008-02-06 07:59:43
  • Each Jesse Ryder Run Is $100 For Child Cancer (Scoop.co.nz)

    Mike Pero Mortgages has thrown its support behind hard-hitting Black Caps and Wellington batsman Jesse Ryder – and the Child Cancer Foundation will benefit as a result.
    2008-02-06 08:51:37
  • UPDATE: MBIA Selling New Shares To Raise $750 Mln; Bolsters Loss Reserves (Nasdaq)

    SAN FRANCISCO (Dow Jones) -- MBIA Inc. said late Wednesday that it plans to raise $750 million selling new shares to prop up its struggling bond insurance business.
    2008-02-06 08:55:43
  • Foreclosure crisis is driving many to seek help (Boston Globe)

    As a wave of foreclosures sweeps across the region, a number of nonprofit organizations are working with homeowners to help them salvage what they can.
    2008-02-06 09:35:02
  • Hope for tax sanity dimmed when Rudy quit

    Canton Repository - It provided basic deductions (health insurance, mortgage interest, charitable contributions, state and local income taxes, a $3,500 personal exemption). It required only one piece of paper. An English major could complete it. But Rudy is gone, and ...
    2008-02-06 08:57:00
  • ECB should give voting record, rate outlook-report

    Guardian Unlimited - Since then rates have been on hold while the ECB has tried to assess the economic impact the U.S. subprime mortgage ... In other suggestions, the report recommended the ECB should also copy the Fed by discussing interest rates only every six weeks ...
    2008-02-06 03:42:00
  • Will New Rules On Mortgages Help Borrowers?

    Wall Street Journal - But mortgage experts caution that the benefits of lower interest rates on certain jumbo loans could be tempered by various factors. ... And the temporary fix is scheduled to expire at the end of this year, offering only a narrow ...
    2008-02-06 08:43:00
  • House kills tax relief bill for elderly Proposal would have created ...

    Nashua Telegraph - House kills tax relief bill for elderly Proposal would have created mortgage loan ... Smith's program would have only been open to those older than 65 who live in ... his plan would protect taxpayers and estimated the homeowner would pay an interest ...
    2008-02-06 08:57:00
  • Poker and Investing: Making Your Money Work for You Away from the ... - Poker King

    Poker and Investing: Making Your Money Work for You Away from the ...Poker King - 2 hours agoIn my opinion, the first step that someone in this position needs to take is to take out a mortgage and buy a place to live in. ...
    2008-02-06 06:56:59
  • Governor proposes $1.7 billion economic stimulus package - Wilmington News Journal, OH

    Governor proposes $1.7 billion economic stimulus packageWilmington News Journal, OH, OH - 1 hour agoLast year, I created the Mortgage Foreclosure Prevention Task Force to rapidly examine how we can respond to this issue. Following the task force’s ...
    2008-02-06 07:53:57
  • Don’t get too caught up in the gloom - Canberra City News

    Don’t get too caught up in the gloomCanberra City News,  Australia - 1 hour agoIndeed, most economists expect rates to go up one or perhaps two more times this year and finish at about 7 or 7.25 per cent, meaning mortgage rates will ...
    2008-02-06 08:17:30
  • Bank of England: Targeting (House-Price) Inflation - Daily Reckoning - Australian Edition

    Bank of England: Targeting (House-Price) InflationDaily Reckoning - Australian Edition, Australia - 1 hour agoAnd everyone knows the Bank of England simply MUST cut interest rates…because its sole task is to defend “price stability”. “Mortgage approvals in December ...
    2008-02-06 08:27:15
  • Employee-Owned Firm Van Meter Industrial Prospered After Its ... - Wall Street Journal

    Employee-Owned Firm Van Meter Industrial Prospered After Its ...Wall Street Journal - 31 minutes agoThose annual meetings were nearly the only time employees talked about their stock. But recently, he says, more of his peers are discussing the program. ...
    2008-02-06 09:01:49
  • Trying to relieve Nest Egg Anxiety - Dallas Morning News

    Trying to relieve Nest Egg AnxietyDallas Morning News, TX - 30 minutes agoI owe about $32000 on my home and recently purchased a car, financing only $12000. I have no other debt. I guess I am in pretty good shape, ...
    2008-02-06 09:02:41