Mortgage and Financial News From 2008-2-22 Page 7

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  • BankFinancial Corporation Reports Financial Results for the Fourth ...

    MSN MoneyCentral - Deposits declined in the fourth quarter of 2007 principally due to our decision to reduce interest rates on higher-balance money market accounts and certificates of deposit consistent with overall declines in the Prime Rate and U.S.
    2008-02-20 01:46:00

  • Fed cuts pay off for small businesses

    CNN Money - This is particularly true for borrowers with variable or adjustable rate loans, as those loans can be pegged to indexes such as the prime rate, which moves in step with the federal interest rate and the LIBOR - the London Interbank Offered Rate.
    2008-02-21 08:44:00

  • How rate cuts impact home loans

    Hindustan Times - There are specific rate like the prime lending rate to which the housing loan interest rate is linked and when this is changed then the home loan rate will witness the impact.
    2008-02-21 08:58:00

  • ALL BUSINESS: Fed's rate cuts do little to ease borrowing costs for ...

    San Diego Union-Tribune - Prime lending rates, commercial paper and prime, conventional mortgage rates are lower than they were last summer. Merrill Lynch's daily private sector interest rate measure – which aggregates mortgage, corporate credit, high yield, auto finance ...
    2008-02-22 11:13:00

  • Commercial market looks better than residential (The Arizona Republic)

    For anxious real estate owners, investors and professionals, the question about whether the property market has hit bottom may continue to hinge on which segment of the market you're talking about.
    2008-02-22 12:42:46

  • ALL BUSINESS: Fed Rate Cut Futility (Washington Post)

    NEW YORK -- So the Fed's interest rate cuts were supposed to make borrowing easier, right?
    2008-02-22 01:59:24

  • Franklin Credit Management Receives Notice of Non-Compliance From NASDAQ (PR Newswire via Yahoo! Finance)

    Franklin Credit Management Corporation today announced that on February 20, 2008, it received notice from the NASDAQ Stock Market of the failure of its common stock to maintain a minimum bid price of $1.00 per share or more for the preceding 30 business days.
    2008-02-22 02:33:00

  • Peter G. Miller: Stimulus plan will increase limits for conventional, FHA loans (San Antonio Express-News/KENS 5)

    Q: Can you explain the new "economic stimulus" plan and what it will mean for homeowners?
    2008-02-22 03:23:12

  • DerivActiv MuniMarket Pulse Podcast Announces Episode Featuring Bill Ackman is Available for Download (PrimeNewswire via Yahoo! Finance)

    MINNEAPOLIS, Feb. 22, 2008 -- DerivActiv, LLC announces a new MuniMarket Pulse podcast episode featuring Bill Ackman, managing partner and hedge fund manager at Pershing Square Capital Management LP, available for download at https://www.derivactiv.com/podcastrpt.aspx.
    2008-02-22 03:56:37

  • Financial Market Problem Hits Home (WCAX-TV Vermont)

    The sub-prime loan disaster is impacting another usually financially stable market called auction rate securities. They've been sold to finance everything from hospital expansions to student loans.
    2008-02-22 03:56:55

  • UPDATE 1-Reuters Summit-Hudson City Bancorp CEO upbeat on 2008

    Reuters - This will be as good a market for me in 2008 as in 2003, which was the last refinance (boom)," Hermance said at the Reuters Housing Summit in New York.
    2008-02-20 12:34:00

  • City seeks fire insurance rate reduction

    Texas City Sun - Some of the work could be covered by three of the island’s tax increment refinance zones, but most of it likely would require a bond issue, councilman Danny Weber said.
    2008-02-22 11:42:00

  • Fla. home foreclosure crisis targeted

    Forbes - The measure also would require more disclosure of what it would actually take to refinance the loan -- something advocates for borrowers say is a commonly misunderstood.
    2008-02-20 03:19:00

  • Homeowners Need To Rethink Rules Of American Dream

    WBZ-TV - We are trying to refinance again, our interest rate is so high," said one Massachusetts homeowner. "I am afraid that they might foreclose my house.
    2008-02-22 01:50:00

  • Ore. House OKs Mortgage Reform Bill

    Forbes - It would put an expiration date on the "prepayment penalties" that creditors have to pay if they want to refinance or pay off their loan early.
    2008-02-22 09:47:00

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