Mortgage and Financial News From 2008-3-10 Page 7
Previous Day: 2008-03-09
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Fate of finance lies with real economy
Financial Times - If a very low federal funds rate brings down 10-year rates, mortgage refinancing will take off. That would help. If the steeper yield curve boosts the banks that will help.
2008-03-10 03:20:00 -
NAACP Mortgage Class Action Fast Tracked Discrimination Suit Against ...
CNBC - ... greatest loss of wealth for people of color in modern US history." -- A July 2007 report by Freddie Mac (Federal Home Loan Mortgage Corporation) showed that minority borrowers pay higher annual percentage rates on mortgage ...
2008-03-10 10:05:00 -
MFA Mortgage Investments, Inc. Announces Reduction in Leverage Through ...
MSN MoneyCentral - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
2008-03-10 04:03:00 -
Treasuries Rally on Concern Mortgages to Cause More Writedowns
Bloomberg - ... but the housing market -- would totally shut down,'' said David Brownlee , who oversees $15 billion as head of fixed income at Sentinel Asset Management in Montpelier, Vermont. ``As entities that originate mortgages have to retain them, mortgage rates ...
2008-03-10 01:33:00 -
Which bank is 'gouging' borrowers on home loans?
News.com.au - AUSTRALIA's top consumer advocate yesterday accused the Commonwealth Bank of gouging home borrowers after it lifted its standard variable rate by 0.35 per cent. CBA, the country's largest home lender, is the third big bank to boost mortgage rates by ...
2008-03-10 02:52:00 -
U.S. mortgage rates unchanged on Monday - BestInfo
Reuters - NEW YORK, March 10 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Monday at 6-3/8 percent, according to BestInfo Inc. The 30-year mortgage rate with one upfront point was unchanged at 6-1/8 percent ...
2008-03-10 12:57:00 -
Lehman to Cut 5% of Global Workforce as Economy Slows (Update5) (Bloomberg.com)
March 10 (Bloomberg) -- Lehman Brothers Holdings Inc. , the largest underwriter of mortgage-backed bonds, is eliminating 5 percent of its workforce as credit markets remain frozen and the U.S. economy slows, a person briefed on the plan said.
2008-03-10 03:55:17 -
No early relief for homeowners, says ANZ (The New Zealand Herald)
A bearish economic outlook has prompted the ANZ to suggest the Reserve Bank could cut interest rates sooner than expected - but adds it may not help home owners.
2008-03-10 04:00:10 -
Annaly Can't Win (Forbes)
Shares fall despite hefty dividend yield.
2008-03-10 04:04:35 -
MFA Mortgage Investments, Inc. Announces Reduction in Leverage Through Asset Sales (PR Newswire via Yahoo! Finance)
MFA Mortgage Investments, Inc. announced today an adjustment in its balance sheet strategy. While we have consistently maintained an assets-to-equity multiple of approximately 9x-10x , we have determined that in this period of financial industry stress the proper strategy is to generally lower our target debt-to-equity multiple to 7x-9x.
2008-03-10 04:11:00 -
Allen County building rates drop (Fort Wayne Journal Gazette)
Allen County’s home construction rate plummeted nearly 53 percent last month from February 2007, according to the Home Builders Association of Fort Wayne.
2008-03-10 04:26:05 -
(AFX UK Focus) 2008-03-10 23:05 GMT: Trade group says commercial loans safe (Interactive Investor)
WASHINGTON (AP) - Investments backed by commercial real estate loans have avoided the problems socking the home loan market, an industry group said Monday.
2008-03-10 04:28:10 -
Fannie Mae Announces 2008 Annual Shareholders Meeting (The San Francisco Examiner)
WASHINGTON, March 10 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM ) today announced that the company's 2008 annual meeting will be held on Tuesday, May 20, 2008 , at 10:00 a.m. local time, at The Westin New Orleans Canal Place, 100 Rue Iberville, New Orleans , Louisiana 70130.
2008-03-10 04:31:07 -
Malone: Diller calls IAC 'his business'
CNBC - ... John Malone, who is challenging Diller's plan to break IAC/Interactive Corp. into five separate publicly traded companies ... off IAC's HSN home shopping network, Ticketmaster ticketing service, Interval time-share business and LendingTree mortgage ...
2008-03-10 02:37:00 -
Bear Stearns Shares Fall on Liquidity Speculation (Update6)
Bloomberg - Bear Stearns, the second-biggest underwriter of mortgage- backed bonds, said in a statement that ``there is absolutely no ... More writedowns are likely for these companies as ``financial leveraging that had benefited the group'' since 2004 ...
2008-03-10 02:30:00
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