Mortgage and Financial News From 2008-1-18 Page 67

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  • UK Retail Sales Unexpectedly Fall Most in 11 Months (Update1) - Bloomberg

    UK Retail Sales Unexpectedly Fall Most in 11 Months (Update1)Bloomberg - 25 minutes agoThe Bank of England reduced its benchmark rate by a quarter point to 5.5 percent in December to help stem the fallout from the US subprime mortgage market ...
    2008-01-18 01:57:22

  • Economic turmoil hammers markets - Canada.com

    Economic turmoil hammers marketsCanada.com, Canada - 19 minutes agoThe Fed is also expected to cut interest rates at the end of the month. President George W. Bush is scheduled this morning to propose a package of financial ...
    2008-01-18 02:02:51

  • Mortgages - Two offsets from first direct - Moneyextra.com

    Mortgages - Two offsets from first directMoneyextra.com, UK - 18 minutes agofirst direct has announced the launch of two new offset mortgage deals - the 2-year fixed rate offset priced at 4.75% (6.5% APR), the 5-year fixed rate ...
    2008-01-18 02:03:53

  • Credit squeeze will get worse in 2008 - MoneyWeek (Subscription)

    Credit squeeze will get worse in 2008MoneyWeek (Subscription), UK - 18 minutes agoSo financial institutions face plenty more write-offs on mortgage-related securities, with Jan Hatzius of Goldman Sachs recently estimating that US losses ...
    2008-01-18 02:04:25

  • Time to panic - the Fed is asking politicians for help - MoneyWeek (Subscription)

    Time to panic - the Fed is asking politicians for helpMoneyWeek (Subscription), UK - 18 minutes agoHe can pump the economy full of credit, just like his predecessor Alan Greenspan always did, by cutting interest rates. Now under Mr Greenspan, ...
    2008-01-18 02:04:28

  • Wells Fargo offered borrowers the best deal - DesMoinesRegister.com

    Wells Fargo offered borrowers the best dealDesMoinesRegister.com, IA - 15 minutes agoWhen Wells Fargo, or any other lender, forecloses on a mortgage, it almost always takes a financial loss because borrowers let a lender foreclose on a ...
    2008-01-18 02:06:55

  • Pinnacle Digest: The Addition of Foroko and Acoma Spur Review - Trading Markets (press release)

    Pinnacle Digest: The Addition of Foroko and Acoma Spur ReviewTrading Markets (press release), CA - 13 minutes agoTowards the end of 2007, President George Bush announced a plan to freeze mortgage rates and it appears to be having little affect on the housing crisis at ...
    2008-01-18 02:08:33

  • Maybe it's time to help working stiffs - Southtown Star

    Maybe it's time to help working stiffsSouthtown Star, IL - 12 minutes agoFor example, a few years ago, when I heard that mortgage lenders were giving people home loans who didn't even have enough money for a down payment, ...
    2008-01-18 02:09:30

  • Norwalk weighs re-funding of its municipal bonds - Stamford Advocate

    Norwalk weighs re-funding of its municipal bondsStamford Advocate, CT - 12 minutes agoLike refinancing a home mortgage, re-funding bonds at a lower interest rates enables an issuer to save money by refinancing previous debt issued at higher ...
    2008-01-18 02:10:16

  • Gordon's figures do not ring true - This is Money

    Gordon's figures do not ring trueThis is Money, UK - 9 minutes agoMortgage costs have also surged in the last 18 months on the back of five interest rate rises, although they are now beginning to fall following last ...
    2008-01-18 02:12:52

  • What Does Moody's Downgrade Warning Mean? - Seeking Alpha

    What Does Moody's Downgrade Warning Mean?Seeking Alpha, NY - 6 minutes agoThus, Moody's rates the quality of the IOUs -- bonds -- sold by governments around the world. At the present time they rate the credit quality of government ...
    2008-01-18 02:15:55

  • Retirement questions answered - USA Today

    Retirement questions answeredUSA Today - 5 minutes agoShould I pay off my $80000 house mortgage (the rate is 6.375%) or roll it over to a 401(k) or IRA? If I don't use the money right away, should I still take ...
    2008-01-18 02:16:49

  • ECB Says Banks Expect Funds Squeeze in Coming Months (Update1) - Bloomberg

    ECB Says Banks Expect Funds Squeeze in Coming Months (Update1)Bloomberg - 5 minutes ago... and the Bank of England in cutting rates as a jump in credit costs sparked by the US subprime mortgage slump threatens to derail the world economy. ...
    2008-01-18 02:17:11

  • Hong Kong stocks edge higher as investors snap up beaten-down shares - Khaleej Times

    Hong Kong stocks edge higher as investors snap up beaten-down sharesKhaleej Times, United Arab Emirates - 2 minutes agoSome speculation was emerging in Hong Kong that the US Federal Reserve would cut interest rates soon perhaps even later in the day to shore up the American ...
    2008-01-18 02:19:32

  • Washington Mutual Swings to Fourth-Quarter Loss (NYTimes.com via Yahoo! Finance)

    SEATTLE -- Washington Mutual Inc., the country's biggest savings and loan, said Thursday it swung to a $1.87 billion loss in the fourth quarter, hurt badly by the sinking value of its mortgage portfolio.
    2008-01-18 01:40:10

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