Mortgage and Financial News From 2008-3-10 Page 6

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  • Bear Stearns dismisses cash crunch talk (Straits Times)

    NEW YORK - BEAR Stearns Cos denied market speculation that the investment bank faces a cash crunch, but its shares fell 11.1 per cent after earlier dropping to a five-year low.
    2008-03-10 04:51:52
  • Credit Scorers Find New Ways To Judge You (WallStreet Journal via Yahoo! Finance)

    More people with little or no credit history could soon qualify for credit thanks to a big push to develop tools that look at data such as rent and utility bills, or how people manage their checking accounts.
    2008-03-10 04:58:30
  • Japan's 10-Year Bonds May Rise for 4th Day on Flight to Safety (Bloomberg.com)

    March 11 (Bloomberg) -- Japan's 10-year bonds may rise for a fourth day on speculation losses on mortgage-backed securities will prompt investors to seek government debt.
    2008-03-10 04:59:48
  • Angry investors send hate mail to wrong company (ABC via Yahoo!7 News)

    The Australian Finance Group says it has been receiving hate mail because its acronym, AFG, is the same as troubled financial company Allco's sharemarket trading code.
    2008-03-10 05:28:00
  • Australian Dollar Declines on Widening Credit Market Losses

    Bloomberg - Australia's dollar was the third weakest among the 16 most-traded currencies as the nation's money market rates held at a ... Bear Stearns Cos., the second-biggest underwriter of mortgage-backed bonds, tumbled the most since 1987 on concern the ...
    2008-03-10 03:28:00
  • Oz property boom going bust

    Scoop - For a decade Australia enjoyed low mortgage rates - fuelling one of the biggest property booms in post-war history. Wind farms earning millions for carbon credit trading power companies Wind farms are the face of clean, green energy, but they are ...
    2008-03-08 04:53:00
  • Stocks Fall on Bank Fears

    BusinessWeek - On Monday, Moody's Investors Service downgraded credit investments backed by Alt-A mortgage loans and issued by the Bear ... Some investors are hoping a further drop in interest rates by the Federal Reserve on Mar. 18 could ease problems in the ...
    2008-03-10 02:23:00
  • Allen County building rates drop

    Fort Wayne Journal Gazette - Low interest rates and low unemployment make it an attractive time to build, he said. ... He thinks additional marketing of government mortgage programs will help the market rebound.
    2008-03-10 04:10:00
  • Stocks Fall on Mixed News, Surging Oil

    Salon - Meanwhile, mortgage lenders dropped after Thornburg Mortgage Inc. was downgraded by a Jefferies & Co. analyst and Countrywide ... in commodities prices have worried many investors about whether the Federal Reserve might hesitate to lower key rates by as ...
    2008-03-10 01:04:00
  • Another bank, another $500m debt

    News.com.au - WESTPAC Banking Corporation has an exposure of more than $500 million to a Sydney-based mortgage securitisation company known ... Woes: Australia 'on verge of recession' Interest rates: NAB warns of more rate hikes House prices: Nation closes gap on Sydney
    2008-03-10 04:18:00
  • Soaring rates show no mercy

    News.com.au - ... more pain as Australia's biggest lender thumbed its nose at the Government and raised standard variable home loan rates by ... The news comes as Credit Union Australia announced it would stop using mortgage brokers, and instead cut deals through its ...
    2008-03-10 03:28:00
  • Debt Fears Weigh on Stocks

    Street.Com - While the Fed has lowered its fed funds rate target by 225 basis points since September, spreads have widened for mortgage lending rates as the declines in the U.S. housing market have steepened. "They're cutting rates, but banks still aren't ...
    2008-03-10 02:16:00
  • Hedge Funds Reel From Margin Calls Even on Treasuries (Update1)

    Bloomberg - ... more than $5.4 billion, have been forced to liquidate or sell holdings because their lenders -- staggered by almost $190 billion of asset writedowns and credit losses caused by the collapse of the subprime-mortgage market -- raised borrowing rates by ...
    2008-03-10 03:56:00
  • Anworth Mortgage Asset Corporation Schedules Conference Call to ...

    PR Inside - Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties including increases in the prepayment rates on the mortgage loans securing our mortgage ...
    2008-03-10 12:57:00
  • Fitch Rates Progress Energy Carolinas $325MM FMBs 'A+'; Outlook Stable

    Forbes - Fitch Ratings assigns an 'A+' rating to the new $325 million of 6.3% first mortgage bonds (FMBs) due April 2038 issued by Carolina Power & Light Co., which is doing business as Progress Energy Carolinas (PEC). The proceeds from the sale of the bonds ...
    2008-03-10 11:31:00