Mortgage and Financial News From 2008-1-18 Page 68

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  • Got A Good Mortgage Rate? Lock It Up! (Investopedia)

    Obtaining the lowest available interest rate on a mortgage should be every would-be homeowner's objective. Lower interest rates result in lower monthly payments, so you should spend a lot of time and effort searching for the best rate.
    2008-01-18 01:45:24

  • Hong Kong stocks edge higher as investors snap up beaten-down shares (AP via Yahoo! Malaysia News)

    Hong Kong stocks edged higher Friday as investors scooped up shares that had fallen sharply in recent days on concerns about the outlook for the U.S. economy.
    2008-01-18 01:54:00

  • Wire feed (San Jose Mercury News)

    LOCAL AND STATE NEWS Jet Airways plans service between San Francisco, India Jet Airways, India's largest domestic airline, has reached an agreement to launch service between India and San Francisco International Airport.
    2008-01-18 02:07:31

  • Anxiety heightens about the economy as mortgage rates go lower (Chicago Sun-Times)

    Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown.
    2008-01-18 02:08:02

  • Norwalk weighs re-funding of its municipal bonds (Norwalk Advocate)

    NORWALK - With the national housing, credit and subprime mortgage crisis roiling the financial sector, there doesn't seem to be much good news on the economic horizon.
    2008-01-18 02:19:28

  • U.K. Retail Sales Unexpectedly Fall Most in 11 Months (Update2) (Bloomberg.com)

    Jan. 18 (Bloomberg) -- U.K. retail sales unexpectedly dropped in December by the most in 11 months as higher borrowing costs and falling house prices curbed consumer spending.
    2008-01-18 02:20:15

  • MediaNet Group's BSP Rewards Division Selected by Provida Mortgage ...

    MSN MoneyCentral - ... its BSP Rewards subsidiary, announced today an agreement to build a private branded rewards mall for Provida National Group, Inc., a marketing division of Provida Mortgage and Realty, Inc., one of the nation's premier mortgage & Realty companies ...
    2008-01-17 11:34:00

  • Mortgage Industry: We ARE helping

    Boston Globe - A new study from the Mortgage Bankers Association says companies provided some kind of assistance to 246,000 troubled borrowers during the third quarter -- which the group says is much higher than the number of foreclosures that could have been ...
    2008-01-17 10:51:00

  • Wheat Rises After U.S. Export Sales Jump; Corn, Soybeans Down

    Bloomberg - The S&P 500 fell to a 15-month low yesterday and the Dow Jones Industrial Average dropped 1.9 percent, as sub-prime mortgage losses cut earnings for companies including Merrill Lynch & Co., the largest brokerage. To contact the reporter ...
    2008-01-17 11:23:00

  • Countrywide May Be Bank of America's One Good Deal: David Pauly

    Bloomberg - With Countrywide in tow, Bank of America will originate about 25 percent of U.S. mortgages and handle 17 percent of the business that bills mortgage customers and collects their payments. The combined companies won't make subprime mortgages and will ...
    2008-01-17 09:28:00

  • Asia-Pacific Bond Risk Rises to Highest on Record, Swaps Show

    Bloomberg - ... ratings cuts of MBIA and Ambac Financial Group's bond insurance units trigger further downgrades on securities the companies insure. MBIA and Ambac guarantee payments on $2.4 trillion of debt, allowing municipal and subprime-mortgage ...
    2008-01-17 11:44:00

  • One thing for sure, refis surging again

    Arlington Heights Daily Herald - Though the specifics vary from lender to lender, many brokers and mortgage companies can offer a zero-out-of-pocket deal for an extra quarter-point tacked onto the note rate. In other words, borrowers with a 6½ percent fixed-rate loan might be able ...
    2008-01-17 10:11:00

  • ECB Says Banks Expect Funding Squeeze Over Next Three Months

    Bloomberg - Jan. 18 (Bloomberg) -- European banks may make it harder for companies and consumers to borrow money in the next three months after the slump in the U.S. subprime mortgage market increased the cost of credit, the European Central Bank said. ``Banks ...
    2008-01-18 01:25:00

  • GM sees more cost cuts

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... financial arm, GMAC Financial Services, to be profitable this year despite subprime loan problems in its ResCap mortgage ...
    2008-01-18 01:17:00

  • Marylanders getting more mortgage help than many

    Baltimore Sun - Marylanders in trouble on their mortgages are getting more help from their lenders than homeowners in the country as a whole, a new report suggests. Even so, the number of homes that companies began foreclosure proceedings on last summer outpaced the ...
    2008-01-18 01:17:00

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