Mortgage and Financial News From 2008-2-22 Page 13

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  • Face of foreclosure: Rising payments worsened

    Daily Herald - She called several mortgage companies, but did not qualify for a prime-rate mortgage. She was able to scrape together only $2,000 for a down payment.
    2008-02-22 05:29:00

  • UK small caps close at session low; Finance Ireland slides on product ...

    CNN Money - ... Feb. 22, 2008 (Thomson Financial delivered by Newstex) -- UK smaller companies closed at a session low today, following the weak trend among blue chip stocks, with Finance Ireland falling as it said it is to temporarily withdraw its lifetime mortgage ...
    2008-02-22 09:04:00

  • Exposed: Best mortgage SVRs

    MyFinances.co.uk - ... per cent and Britannia BS which made a 0.15 per cent downward tweak. And, analysis by finance website Moneyfacts.co.uk discovered, none of the top five biggest lenders had any mortgage products linked to SVR, despite being among the first companies ...
    2008-02-22 03:56:00

  • Stocks falls further on Fannie, Freddie

    Reuters - Stocks were reacting to the latest woes of financial services companies, which stem from defaults in the subprime mortgage market and led to tightening credit conditions.
    2008-02-22 09:26:00

  • THE RATINGS GAME: 'Headwinds' Blow Fannie And Freddie Off Course ...

    CNN Money - The companies' shares have been hammered over the past year, coinciding with turbulence created in the wake of the subprime-mortgage crisis. Fannie's shares are off 54% over the past 12 months, while Freddie's are down 61%
    2008-02-22 09:33:00

  • Bank Executives To Testify At US House Oversight Panel Hearing

    CNN Money - ... shareholders and whether this level of compensation is justified in light of your company's recent performance and its role in the national mortgage crisis," Waxman's letter said. The panel subsequently requested documents from the three companies ...
    2008-02-22 09:26:00

  • Bankers say Midwestern farm income up

    MSN MoneyCentral - Things are just getting worse for big banks and mortgage companies, but they made their own bed." The farm equipment sales index soared to 75.4 from January's solid 71.1 and up significantly from 53.4 in February 2006.
    2008-02-22 08:00:00

  • ALL BUSINESS: Fed rate cut futility

    Forbes - The stimulus bill signed into law by President Bush temporarily allows government-sponsored mortgage companies Fannie Mae and Freddie Mac to purchase them, but there still are roadblocks preventing them from reselling the loans as securities.
    2008-02-22 09:26:00

  • Are Insurers Credit Crunch's Next Victim? (TheStreet.com)

    Lingering liquidity problems in the credit market could hit life insurers by up to $8 billion, Fitch Ratings says.
    2008-02-22 09:45:54

  • Market drops, led lower by financial shares (EARTHtimes.org)

    NEW YORK (Reuters) - Stocks fell on Friday, with financial shares leading the decline after Merrill Lynch & Co recommended investors sell shares of Fannie Mae and Freddie Mac , the two biggest home-funding companies.
    2008-02-22 09:46:20

  • Price Rises Threaten Rate Cuts (The Motley Fool)

    The latest round of inflation numbers is bad news for more rate cuts...
    2008-02-22 09:50:31

  • A painful fix for the credit crisis (MSN Money Canada)

    Splitting the debt insurers in two -- an idea the banks hate -- would be drastic medicine. But for the financial markets, it's the only relatively fast-acting antidote available.
    2008-02-22 09:55:39

  • (AFX UK Focus) 2008-02-22 17:25 GMT: ALL BUSINESS: Fed rate cut futility (Interactive Investor)

    NEW YORK (AP) - So the Fed's interest rate cuts were supposed to make borrowing easier, right?
    2008-02-22 09:57:37

  • EU Draft Says `Abrupt Shift' by Investment Funds May Boost Euro (Bloomberg.com)

    Feb. 22 (Bloomberg) -- An ``abrupt shift'' by state investment funds into euro-denominated assets could fuel gains in the currency, according to a draft European Commission paper.
    2008-02-22 09:58:19

  • Lisa Madigan and Jackson urge Illinois homeowners in trouble to make the call (The West Frankfort Daily American)

    Robyn Ziegler, from Attorney General Lisa Madigan’s office, told The Daily American today that a frightening number of homeowners that are in danger of losing their homes are not working with their mortgage company. Maybe as many as 70-percent.
    2008-02-22 10:02:04

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