Mortgage and Financial News From 2008-1-8

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  • When's the best time to refinance? Buy now or rent? And more...

    USA Today - Should I refinance now and play it safe or wait a few months due to current ... Does a recession usually mean the Federal Reserve will cut rates and then mortgage ... Once you feel confident with this information, I would contact each of your lenders ...
    2008-01-06 03:58:00
  • (The following statement was released by the rating agency)

    Reuters UK - The debt obligations of EGSI will remain with EGSI-LA, with the first mortgage ... for which ETI is responsible and provides it with three years to repay or refinance ... Complete ratings information is available to subscribers of RatingsDirect, the real ...
    2008-01-08 12:35:00
  • Boston fed CEO says many have inquired about mortgage relief

    Newsday - Five large New England banks have formed a consortium to help refinance mortgage loans for borrowers who are keeping up with ... Rosengren says 430 borrowers have called looking for information and many have either applied or are starting the process ...
    2008-01-08 08:17:00
  • Government May Expand Mortgage Help Program - KDKA

    Government May Expand Mortgage Help ProgramKDKA, PA - 9 hours agoThe information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. ...
    2008-01-08 07:57:59
  • Boston fed CEO says many have inquired about mortgage relief - Newsday

    Boston fed CEO says many have inquired about mortgage reliefNewsday, NY - 8 hours agoFive large New England banks have formed a consortium to help refinance mortgage loans for borrowers who are keeping up with monthly payments but face ...
    2008-01-08 08:29:43
  • The Market- Is it the same game when all the rules have changed? - American Chronicle

    The Market- Is it the same game when all the rules have changed?American Chronicle, CA - 6 hours agoThe first half of 2007 saw the two groups creating and holding more bonds than anyone in the market, on the bet that the subprime mortgage meltdown was a ...
    2008-01-08 10:19:24
  • Information Memorandum - Sydney Morning Herald

    Information MemorandumSydney Morning Herald, Australia - 33 minutes agoINFORMATION MEMORANDUM RAMS MORTGAGE SECURITIES PTY LIMITED (ABN 30 094 753 349) a limited liability company incorporated under the laws of Australia in its ...
    2008-01-08 04:26:29
  • When's the time to refinance? Play it safe, experts say (USA Today)

    USA TODAY last week invited readers who were thinking of buying, selling, or refinancing a home to send in their questions. Here are the questions received, answered by real estate experts.
    2008-01-08 07:53:05
  • Boston fed CEO says many have inquired about mortgage relief (Norwalk Advocate)

    The president and CEO of the Federal Reserve Bank of Boston says hundreds of at-risk borrowers have inquired about a program to help them deal with rising interest rates.
    2008-01-08 09:47:57
  • U.S. nonprofits bear brunt of foreclosure fight (Interactive Investor)

    Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
    2008-01-08 04:26:29
  • U.S. mortgage bond prepayments jump in December

    Reuters - More Company News... NEW YORK, Jan 8 (Reuters) - Prepayments on U.S. mortgage bonds rose beyond most forecasts in December as interest rates fell, although early repayment was slow for homeowners with impaired credit, several Wall Street firms said ...
    2008-01-08 10:05:00
  • US homebuilder reports $773m loss

    BBC Business - The US housing market has crashed over the past year in the face of higher mortgage rates, which have led to record mortgage default levels, particularly in the sub-prime sector. The result has been falling house prices, and growing numbers of ...
    2008-01-08 01:47:00
  • More woe:

    News.com.au - The NAB fell 29c to $36.01 while ANZ, which this week became the second bank after NAB to lift its variable mortgage rates, gained 6c to $26.75. The retailers were mixed, with David Jones gaining 2c to $5.24, Woolworths shedding 15c to $33.03 and ...
    2008-01-08 02:51:00
  • The rise of the 40-yr mortgage

    News.com.au - IMAGINE being shackled for 40 years, knowing that most murderers don't do as much time as that. Yet at a time when home affordability is at an all-time low and the banks are jumping the gun on the Reserve Bank to lift interest rates on their own ...
    2008-01-08 04:03:00
  • How banks will claw back $1bn

    News.com.au - St George - which is expected to be the next bank to lift rates - and Bendigo Bank yesterday outperformed the other banks as investors concluded they could benefit the most from rising mortgage rates. St George closed up 24c to $31.60 while Bendigo ...
    2008-01-08 01:54:00