Mortgage and Financial News From 2008-2-11 Page 4

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  • Business Briefs - Charleston Post Courier

    Business BriefsCharleston Post Courier, SC - 45 minutes ago... and home-building stocks rose on expectations of more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles. ...
    2008-02-11 09:55:18
  • Anxious homeowners opt for fixed-rate borrowing - Finance Markets

    Anxious homeowners opt for fixed-rate borrowingFinance Markets, UK - 42 minutes agoThe two year fix-rate deal remains the most popular mortgage, with 8% (2.7 million people) saying they would choose this option. ...
    2008-02-11 09:57:55
  • Business News in Brief: Wall Street still jittery - North County Times

    Business News in Brief: Wall Street still jitteryNorth County Times, CA - 24 minutes ago... and home builders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles. ...
    2008-02-11 10:15:29
  • The Twelve Steps to Financial Disaster - FXstreet.com The Foreign Exchange Market

    The Twelve Steps to Financial DisasterFXstreet.com The Foreign Exchange Market, Spain - 17 minutes ago... interest rate only, negative amortization, teaser rates, etc.) were occurring across the entire spectrum of mortgages; about 60% of all mortgage ...
    2008-02-11 10:23:16
  • U.S. Banks, Paulson Plan New Bid to Cut Mortgage Foreclosures (Bloomberg.com)

    Feb. 12 (Bloomberg) -- Bank of America Corp., Citigroup Inc. and four other U.S. lenders will announce new steps today to help some borrowers in danger of default stay in their homes, according to three people familiar with the plans.
    2008-02-11 09:58:52
  • BBB warns consumers of scams (The Gleaner)

    The Better Business Bureau in Louisville is alerting consumers to a number of scams circulating through the region.
    2008-02-11 10:04:52
  • Business confidence at low ebb - survey (Parkes Champion-Post)

    Companies are increasingly worried about a deterioration in global financial markets with business confidence falling to its lowest level since 2001, a survey says.
    2008-02-11 10:06:09
  • Gross: When Fools Rush In, The Joke's on Them (Newsweek)

    Aug. 20-27, 2007 issue - An idea for a morality play: capture the madness of an era when investors, entranced by new technology, a novel set of economic assumptions and an all-powerful Federal Reserve, lost their heads, blew an exuberant bubble and suffered a painful bust.
    2008-02-11 10:36:57
  • Samuelson: Who's to Blame for Unstable Markets? (Newsweek)

    Sept. 3, 2007 issue - We are now in the "blame phase" of the economic cycle. As the housing slump deepens and swings in financial markets widen, we've embarked on the usual search for culprits. Who got us into this mess?
    2008-02-11 10:38:58
  • White House Does Not See a Recession (NYTimes.com via Yahoo! Finance)

    The White House predicted the economy would escape a recession and unemployment would remain low this year, though it acknowledged growth had already slowed.
    2008-02-11 10:39:03
  • Business Minute: Up day for stocks...Microsoft not giving up on Yahoo ...

    Idaho8.com - ... Ask the Expert Advertising Ask the Expert Banking Ask the Expert Equipment Rental Ask the Expert Well Drilling Ask the Expert Home ... Associated Press - February 11, 2008 6:13 PM ET NEW YORK (AP) - Stocks posted modest gains to begin the trading week. The ...
    2008-02-11 02:39:00
  • Consolidating federal loans less appealing with fixed rates

    Pittsburgh Post-Gazette - Loans from the federal government used to come with variable interest rates that would adjust once a year. As interest ... Unlike refinancing a home mortgage, there are no "closing costs" associated with student loan consolidation. "If a lender charges ...
    2008-02-11 09:06:00
  • White House Report Says Economy Will Rebound In 2008

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... for a harsh first half of 2008 as the Federal Reserve has slashed interest rates ... of the Federal Housing Authority will encourage more flexible, risk-based mortgage ...
    2008-02-11 01:28:00
  • Home affordability at new low

    News.com.au - ... home price, and a 0.25 percentage point increase in interest rates in November, both of which offset strong household income growth for the quarter,'' the report said. As a result, the monthly loan repayment needed on a typical first-home mortgage ...
    2008-02-11 08:30:00
  • Stimulus bill raises mortgage limits - Arizona Republic

    Stimulus bill raises mortgage limitsArizona Republic, AZ - 2 hours agoWith less money available to lend, banks are charging higher rates for riskier loans that can't be sold to Fannie and Freddie. ...
    2008-02-11 08:16:27