Mortgage and Financial News From 2008-2-22 Page 4

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  • Citigroup provides S$708.5m credit to hedge funds (Straits Times)

    NEW YORK - CITICROUP said on Friday it has provided a US$500 million (S$708.5 million) line of credit to support some fixed-income hedge funds, and as a result moved the funds' US$10 billion of assets and liabilities onto its balance sheet.
    2008-02-22 08:40:52
  • Fed Now Expecting Slower U.S. Growth And Higher Inflation

    Investors Business Daily - Refinancing activity, which skyrocketed as Treasury yields and mortgage rates dived in January, is coming back to earth. Applications for buying a home fell to their lowest level in nearly five years.
    2008-02-19 03:56:00
  • Treasuries Fall; Rally in Asian Stocks Curbs Demand for Safety

    Bloomberg - ... The stock market is in a good situation with the Fed cutting rates. Treasury ... Two-year yields fell to 1.82 percent this month, the lowest since 2004, as investors sought the safety of government debt while $146 billion of mortgage-related losses ...
    2008-02-20 11:54:00
  • Common sense fix for muni bonds

    CNN Money - Due to missteps in the mortgage market, Ambac is reportedly looking to raise some ... the historical default rate on plain-vanilla munis rated triple-B - the lowest ... There will be profits Fixed mortgage rates up as adjustable rates drop J.C.
    2008-02-21 08:29:00
  • Why the Fed may not succeed

    Business Standard - ... these measures would charge the consumer and coax him to spend were dashed as consumer confidence collapsed to its lowest ... Though the interest rates are down, mortgage rates are up again as banks have become stricter.
    2008-02-22 10:30:00
  • Canada Dollar Poised to Drop on Rate-Cut Bets, Citigroup Says

    Bloomberg - ... months as a slowing U.S. economy forces the Bank of Canada to cut interest rates ... This year, as the U.S. economy weakened and subprime mortgage losses reduced credit ... weakness, manufacturing in the Philadelphia region contracted to the lowest level ...
    2008-02-21 09:34:00
  • IBD's Top 10 - Wednesday

    CNN Money - ... from the Fed's Jan. meeting said policymakers were ready to keep interest rates ... Mortgage Demand Dives 22.6% 3 Mortgage applications plunged as the 30-year home loan ... Applications for buying a home fell to their lowest level in nearly 5 years.
    2008-02-20 11:08:00
  • Sun Hung Kai, Mitsubishi Estate Lead Asian Property Stocks Drop

    Bloomberg - ... Real Estate Index of 164 property stocks dipped 2.4 percent to 258.21, the lowest ... We forecast the growing credit crunch sparked by the subprime mortgage problem will ... posted the worst weekly decline in five weeks on concern rising interest rates ...
    2008-02-21 09:37:00
  • How Bad Will the Mortgage Crisis Get?

    Time - ... are seizing up and the uncertainty recently drove up short-term interest rates for ... and, most importantly, how far the crisis spills into the conventional mortgage ... the worst holiday sales season since 2001, and consumer confidence hit its lowest ...
    2008-02-18 03:57:00
  • GLOBAL MARKETS-U.S. stocks fall on renewed credit fears

    Forbes - ... the U.S. financial sector, which is suffering from defaults in the subprime mortgage ... The data dampened expectations the European Central Bank will cut interest rates ... by a survey of mid-Atlantic business conditions showing activity at its lowest ...
    2008-02-22 10:01:00
  • (Updates to early morning)

    Reuters - Adding to economic jitters, demand for mortgages last week hit the lowest level since the start of the year as interest rates surged, according to the Mortgage Bankers Association.
    2008-02-20 03:40:00
  • (Updates with reaction to CPI, mortgage applications fall, Wachovia ...

    Reuters - Adding to economic jitters, demand for mortgages last week hit the lowest level since the start of the year as interest rates surged, according to the Mortgage Bankers Association.
    2008-02-20 03:54:00
  • How Bad Will the Mortgage Crisis Get? (Time Magazine)

    With more than $1 trillion in subprime mortgages still outstanding, some fear financial troubles have only just begun
    2008-02-22 10:42:58
  • Why the Fed may not succeed (Business Standard India)

    While the US may have successfully destroyed a rogue satellite and its potentially lethal cargo of hydrazine high above in space, it will be a difficult task to steer the US out of the recession, which many believe is already underway, on terra firma.
    2008-02-22 10:43:45
  • Sales and median down, but not necessarily a crash (The New Zealand Herald)

    Crash or correction? That is the question for anyone trying to assess the direction of the housing market in 2008. Certainly the numbers are not encouraging.
    2008-02-22 10:56:49