Mortgage and Financial News From 2008-1-23 Page 5

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  • Boston Private Reports Financial Results for the Fourth Quarter and ...

    Forbes - ... 577,903 Goodwill 349,889 335,633 Intangible Assets 108,349 125,331 Commercial and Construction Loans 3,183,139 2,496,234 Residential Mortgage Loans ...
    2008-01-23 09:07:00
  • Fitch Takes Various Rating Actions on 16 CMLT RMBS Securitizations

    Forbes - The collateral of the above transactions generally consists of fixed-rate and adjustable-rate mortgage loans extended to Prime or Alt-A borrowers and secured by first liens on one- to four-family residential properties. In general, the loans were ...
    2008-01-23 02:12:00
  • Coloradans hopeful but remain cautious

    Denver Post - Mortgage rates tied to the 10-year Treasury note fell by 0.11 percent, putting the lowest no-point, 30-year fixed-rate mortgages at about 5.25 percent. The market declines and efforts by the federal government to slow them down could translate to ...
    2008-01-23 02:19:00
  • It’s a good time to buy a house

    Kearney Hub - There are a lot of good things going on right now,” said Laura Methe, vice president of mortgage lending at Nebraska National Bank. “Interest rates have been low, and they’re dropping even more.” With mortgage rates falling to their lowest ...
    2008-01-23 09:54:00
  • Mortgage rush follows rate cut

    Baltimore Sun - That's when home sales skyrocketed, lenders offered scores of subprime loans to people who often couldn't afford the bills, and mortgage professionals were so busy it was tough to get them on the telephone. "We're having to deal with higher ...
    2008-01-23 09:28:00
  • HK slips into negative interest rates

    South China Morning Post - ... Hong Kong) yesterday announced a reduction in prime lending rates - effective today - by the same margin to 6 per cent, the lowest since 2005. ... Property agents said negative mortgage interest rates would help bring the market back to 1997's peak ...
    2008-01-23 02:12:00
  • It's time to save the housing sector

    Boston Globe - In the old days, before mortgage loans were packaged into bonds, a distressed borrower and a lender could negotiate a lower rate. If the bank just foreclosed, the borrower would lose the house and the bank would be stuck with a property worth less ...
    2008-01-23 10:04:00
  • 30-year mortgage rate lowest since 2004

    Boston Globe - Homeowners will face more hurdles this time around in obtaining the loans, said Jay Brinkmann, vice president of research and economics for the Mortgage Bankers Association. "With tighter credit conditions we do not know how many of these applications ...
    2008-01-23 09:57:00
  • Stocks rebound, close volatile session higher

    Globe and Mail - Federal Reserve will slash interest rates again next week. The S&P/TSX composite index took a ... In overseas markets, European stocks ended at their lowest close in 11/2 years on Wednesday, amid fears of more mortgage-related writedowns at banks.
    2008-01-23 01:43:00
  • Business Minute: Stocks end higher...Whitman stepping down at eBay ...

    Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit ... The yield on the 30-year bond hit its lowest point ever as it skidded below the 4.15% it held when first issued in 1977. ...
    2008-01-23 11:34:00
  • European stocks sink as Fed fails to stop selloff

    Reuters - ... Reuters) - European stocks ended at their lowest close in 1-1/2 years on Wednesday, as investors' relief after a surprise hefty U.S. interest rate cut quickly vanished and fears of more mortgage ... Federal Reserve slashed interest rates by 75 ...
    2008-01-23 12:39:00
  • What's in store for SA property owners? - Post (subscription)

    What's in store for SA property owners?Post (subscription), South Africa - 1 hour ago"A credit squeeze is unlikely to occur and funds for home loans are still freely available to home buyers. "Nor is the property market likely to fall ...
    2008-01-23 09:52:05
  • Mexico stocks jump 2.7 pct, boosted by Wall Street

    Forbes - ... back from steep early losses amid speculation on Wall Street that U.S. mortgage ... Federal Reserve slashed interest rates by three-quarters of a percentage point ... to bid 101.997, pushing its yield down 6 basis points to 7.66 percent, its lowest ...
    2008-01-23 02:12:00
  • Money-Market Rates in Dollars Plummet Most Since 2001 (Update3)

    Bloomberg - Money-Market Rates in Dollars Plummet Most Since 2001 (Update3) By Gavin Finch Jan ... the gridlock in interbank lending after the collapse of the U.S. subprime- mortgage ... offered rate, or Euribor, dropped 4 basis points to 4.29 percent today, the lowest ...
    2008-01-23 09:11:00
  • Rate cut, stimulus package may not be enough for economy - Dallas Morning News

    Rate cut, stimulus package may not be enough for economyDallas Morning News, TX - 1 hour agoCheaper mortgage rates won't easily cure those excesses, experts say. A second problem is that the institutions chiefly responsible for transforming Fed ...
    2008-01-23 09:58:44