Mortgage and Financial News From 2008-2-22 Page 18

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  • Mortgage lenders at risk of falling into credit-rating trap

    Guardian Unlimited - Weakening housing markets in Britain, Ireland and Spain will stretch the finances of some mortgage lenders this year, credit ratings agency Fitch warned yesterday. Fitch expects the British housing market to see the recent trend of lower prices ...
    2008-02-22 02:02:00

  • FHA loans help many Ohioans (The Columbus Dispatch)

    More Ohioans are taking advantage of government-backed programs to refinance risky subprime home loans into safer fixed-rate loans, the nation's top housing official said yesterday.
    2008-02-22 02:32:49

  • Northern Rock Plan Approved (Seattle Times)

    Parliament passed legislation on Thursday that will allow the government to make Northern Rock PLC the first sizable British bank to be nationalized in 25 years.
    2008-02-22 02:40:10

  • Hot line offers advice to avoid foreclosure (Louisville Courier-Journal)

    Organizers of a new telephone hot line offering mortgage advice to area homeowners facing foreclosure are sending a message to callers: Don't give up.
    2008-02-22 03:00:38

  • House passes subprime-mortgage bill (Salem Statesman Journal)

    SALEM -- A bill to make modest reforms to the subprime mortgage lending industry squeaked through the Oregon House Thursday, a big win for House Speaker Jeff Merkley who has made it clear that he intends to highlight the issue in his campaign for the U.S. Senate.
    2008-02-22 03:17:15

  • End of the road for 125% mortgage (BBC News)

    The final lender offering so-called 125% mortgages withdraws the product from the market.
    2008-02-22 03:46:01

  • Judge: Foreclosure idea might clog up courts (Newark Advocate)

    NEWARK -- As a Licking County task force began creating a program to help homeowners avoid foreclosure, a judge said one part of the plan might not have the intended effects.
    2008-02-22 04:04:53

  • How To Buy Property At Auction (The Motley Fool)

    Are you looking for a stress-free way to buy a property on the cheap? Property auctions could be the answer. Here's a guide to what to expect, together with some handy tips to help you bag that bargain.
    2008-02-22 04:21:09

  • Federal Rescue Considered As Homeowners Drown In Debt (New London Day)

    Washington — Prodded in part by some of the nation's biggest banks, the Bush administration and Congress are considering costly new proposals for the government
    2008-02-22 04:31:04

  • Angst grows over double-dipping "W" recovery

    Guardian Unlimited - Six months after the turmoil began, the credit crunch has forced 2-1/4 percentage points of U.S. interest rate cuts and the first joint action by the world's top central banks since September 2001 to calm money markets.
    2008-02-20 03:16:00

  • Numbers put nation on eve of recession, economists say

    Tulsa World - ... Board report came a day after the Federal Reserve released its updated forecast for slower economic growth, higher unemployment and higher inflation. The dismal outlook for the year was despite the central bank's aggressive interest rate cuts in
    2008-02-22 12:07:00

  • Porsche takes up all of 10 bln eur credit line for general corporate ...

    Forbes - STUTTGART (Thomson Financial) - Porsche Automobil Holding SE said it has used all of the 10 bln eur credit line provided by a banking consortium because of the favourable interest rate conditions attached to the loan. The company said the reason for ...
    2008-02-20 03:16:00

  • Port Authority Auction Bonds Reset at 8% After Surge (Update3)

    Bloomberg - ... was considered a re-issuance in the eyes of the tax authorities, it might result in ``various negative consequences to a bond issuer,'' including lower limits on interest earned from investment of bond proceeds, termination of interest-rate swaps or ...
    2008-02-20 06:58:00

  • Asian stocks fall with Wall Street as weak data revives recession ...

    CNN Money - Economists are worried that the high price will cut into consumer spending as people pay more at the pump, further braking economic growth. Investors are pricing in another interest rate cut -- perhaps up to half a percentage point -- after minutes ...
    2008-02-22 02:52:00

  • Aircastle Announces Fourth Quarter and Full Year 2007 Results

    MSN MoneyCentral - ... debt investments; general economic conditions and economic conditions in the markets in which we operate; competitive pressures within the industry and/or markets in which we operate; the creditworthiness of our airline customers; interest rate ...
    2008-02-22 02:59:00

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