Mortgage and Financial News From 2008-1-23 Page 01

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  • Fitch Upgrades 2 Classes of CSFB 2001-CK1

    Forbes - Fitch Ratings upgrades Credit Suisse First Boston Mortgage Securities Corp.'s commercial mortgage pass-through ... Interest-only class A-X at 'AAA'; --Interest-only class A-Y at 'AAA'; --Interest-only class A-CP at 'AAA'; --$42.9 million ...
    2008-01-23 10:08:00

  • As superheroes go, the Fed looks weak

    Marketwatch - Another reason for concern is that the Fed's power to cut interest rates helps the economy but perhaps not in the way the ... Home prices are declining, home inventories are rising and securities tied to the mortgage market have caused credit markets ...
    2008-01-23 11:20:00

  • Merrill warns of approaching 'pandemic'

    Guardian Unlimited - ... were aggravated by a warning from Merrill Lynch that the sub-prime mortgage crisis was turning into a global "pandemic". The Federal Reserve's emergency cut in interest rates ... It said central banks influenced only the price of credit, not the ...
    2008-01-23 02:40:00

  • First Commonwealth Announces Fourth Quarter and Year End 2007 ...

    MSN MoneyCentral - Commercial Loans and Non-Interest Income Increase INDIANA, Pa., Jan. 23 ... First Commonwealth is not a participant or underwriter in the sub-prime mortgage ... Forward-looking statements speak only as of the date they are made. Such risks ...
    2008-01-23 01:57:00

  • Cascade Bancorp (Oregon) (Nasdaq: CACB) Released Results for the

    MSN MoneyCentral - Note that delinquency rate within Cascade's nearly $500 million portfolio of serviced residential mortgage loans remains substantially better than national norms at only 0.19% in Oregon and 0.42% in Idaho. Non-Interest Expense for the year ...
    2008-01-23 03:45:00

  • Next Page: How practical are these plans?

    Forbes - Few would argue against an interest rate freeze as a good first step, but it's unlikely to ... the idea of a relief fund to help borrowers who might still walk away from a frozen mortgage rate because they have negative equity in their home. But only ...
    2008-01-23 03:23:00

  • Fitch Affirms GS Mortgage Securities Corp. II Series 2004-C1

    Forbes - Fitch Ratings has affirmed GS Mortgage Securities Corp. II Series 2004-C1 as follows: --$346.5 million class A-1 at 'AAA'; --$190.5 million class A-2 at 'AAA'; --$153.3 million class A-1A at 'AAA'; --Interest only classes X-1 and X-2 at 'AAA'; ...
    2008-01-23 11:13:00

  • Fitch Affirms COMM 2006-C8 Mortgage Trust

    Forbes - Fitch has affirmed the following COMM 2006-C8 Mortgage Trust, commercial mortgage pass-through certificates: --$48.0 ... Interest-only class X-P at 'AAA'; --Interest-only class X-S at 'AAA'; --$28.3 million class B at 'AA+'; --$42.5 million ...
    2008-01-23 12:46:00

  • Interest rates pain to last two years: Wayne Swan

    News.com.au - AUSTRALIA faces up to two years of interest rate pain after inflation burst through ... the cost of housing and fuel that are likely to put heavy pressure on the mortgage ... If the only thing you know was the inflation news, there's no way you couldn't ...
    2008-01-23 05:03:00

  • Fed cuts and stimulus package won't stem foreclosures

    Reuters - The interest rate is only a relative part of their problem. They have too much mortgage and they basically were promised that the equity in their house would grow and that they could refinance," said John Taylor, president of the National Community ...
    2008-01-23 01:50:00

  • Don't panic - Findlay Courier

    Don't panicFindlay Courier, OH - 1 hour agoThe current credit crunch, the result of the ongoing crisis in the mortgage loan business, is affecting the entire economy. There has been heavy speculation ...
    2008-01-23 09:59:44

  • Most Gulf stock markets rebound on US Fed rate cut - Arab Times

    Most Gulf stock markets rebound on US Fed rate cutArab Times, Kuwait - 1 hour agoSaudi Basic Industries Corp continued its decline easing 1.38 percent after inducing Riyadh’s slide on Tuesday on fears that the US mortgage crisis could ...
    2008-01-23 10:02:06

  • Property Taxes Due Before Feb. 1 - Tyler Morning Telegraph

    Property Taxes Due Before Feb. 1Tyler Morning Telegraph, TX - 1 hour agoElderly (over 65) and disabled residents qualify to make quarterly payments; no penalties or interest are assessed if payments are made on time (this only ...
    2008-01-23 10:09:06

  • Market takes on bungee jumping - DetNews.com

    Market takes on bungee jumpingDetNews.com, MI - 1 hour agoBut by the end of the day, things started to look up for the insurers who would be on the hook if billions of mortgage-backed bonds went bad. ...
    2008-01-23 10:10:48

  • CP man says tax refund check 10 years too small - Munster Times

    CP man says tax refund check 10 years too smallMunster Times, IN - 1 hour agoNorman R. Walters said the county failed to give him credit for his mortgage exemption for the last 13 years, but they still refuse to give him a complete ...
    2008-01-23 10:14:16

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