Mortgage and Financial News From 2008-1-23 Page 3

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  • Russia to join IMF program to deal with global market crisis (Budapest Business Journal)

    Russia will participate in the International Monetary Fund’s initiative to deal with the consequences of the current turmoil in the global financial markets, the finance minister said on Wednesday.
    2008-01-23 11:28:20

  • Good news on mortgages (Florida Today)

    Consumers will be affected in a variety of ways in their daily lives by the Federal Reserve's decision to cut interest rates.
    2008-01-23 11:29:55

  • Filmmaker puts American debt in Sundance spotlight

    Reuters - While making the film in 2006, Creadon and his team had to deal with the rapid deterioration of the U.S. economy as the subprime mortgage lending crisis hit major banks and sent home foreclosure rates soaring. As a result, many of the documentary's ...
    2008-01-23 11:34:00

  • ANALYSIS-US Fed cuts, stimulus package won't stem foreclosures

    Forbes - But industry experts say these steps won't necessarily translate into lower mortgage costs for some 2 million Americans with risky subprime home loans with rates that are scheduled to adjust sharply higher over the next year. For those who qualify for ...
    2008-01-23 01:50:00

  • First-time home buyers are getting older - Independent Online

    First-time home buyers are getting olderIndependent Online, South Africa - 1 hour agoShe added that when they did buy, their requirements were much more demanding than first-time home buyers 15 years ago. Research from a UK mortgage lender ...
    2008-01-23 09:45:24

  • Now that rice price is controlled by the - Lanka Business Online

    Now that rice price is controlled by theLanka Business Online, Sri Lanka - 1 hour agoBritain uses mortgage payments rather than rents. It is perfectly ok to drop (slow moving) items from an index, especially if they are subject to price ...
    2008-01-23 09:58:23

  • Lawmakers Seek Steps to Lift Tokyo Stock Market - CNBC

    Lawmakers Seek Steps to Lift Tokyo Stock MarketCNBC, NJ - 1 hour agoThe group of legislators, including former financial services agency minister Yuji Yamamoto, also called on the Bank of Japan (BOJ) to cut interest rates ...
    2008-01-23 10:19:22

  • Suzuki Expects Sales to Rise 7% on Overseas Demand (Update4) - Bloomberg

    Suzuki Expects Sales to Rise 7% on Overseas Demand (Update4)Bloomberg - 41 minutes agoJapan's consumer spending will cool ``significantly'' this year because of fallout from the US subprime mortgage crisis, Osamu Suzuki, the company's ...
    2008-01-23 10:38:23

  • Stimulus plan needs long-term thinking, not quick fix - Bloomington Pantagraph

    Stimulus plan needs long-term thinking, not quick fixBloomington Pantagraph,  USA - 38 minutes agoGetting mortgage rates down could help the economy relatively quickly. A significant drop could spur home sales and also encourage refinancing that would ...
    2008-01-23 10:41:20

  • Stimulus plan builds bipartisan steam - Los Angeles Times

    Stimulus plan builds bipartisan steamLos Angeles Times, CA - 29 minutes ago"I just wonder how many people, when they bought a sub-prime mortgage, knew what they were getting into," Bush said at a White House ceremony, referring to ...
    2008-01-23 10:50:41

  • Congress makes tax changes that could curb foreclosures, help ... - Jackson Clarion Ledger

    Congress makes tax changes that could curb foreclosures, help ...Jackson Clarion Ledger, MS - 18 minutes agoLast year, President Bush announced a freeze on subprime mortgage interest rates, and the Federal Reserve introduced aa number of recommendations, ...
    2008-01-23 11:00:51

  • Home sales keep sliding - Winston-Salem Journal

    Home sales keep slidingWinston-Salem Journal, NC - 16 minutes ago“Interest rates are higher, and it’s harder to get a mortgage,” he said. “Until that plays out, I think the housing market is going to continue to be weak. ...
    2008-01-23 11:03:02

  • Economists to Utahns: Don't panic - Salt Lake Tribune

    Economists to Utahns: Don't panicSalt Lake Tribune, United States - 15 minutes agoEven though mortgage interest rates are low, there is a growing inventory of houses for sale that buyers increasingly cannot afford. ...
    2008-01-23 11:03:52

  • Experts Expound - Capitol Weekly

    Experts ExpoundCapitol Weekly, CA - 14 minutes agoMortgage rates are dropping like a rock, meaning homeowners who are at risk of foreclosure or of having their ARM re-adjust upward have the opportunity to ...
    2008-01-23 11:05:11

  • Good news on mortgages - Florida Today

    Good news on mortgagesFlorida Today, FL - 9 minutes agoFixed-mortgage rates were falling before the Fed's rate cut, in part because they are tied to the yield on the 10-year Treasury note, which often falls on ...
    2008-01-23 11:10:09

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