Mortgage and Financial News From 2008-1-23 Page 6

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• Limit to rate cut's reach - Pioneer Press

  Limit to rate cut's reachPioneer Press, MN - 56 minutes agoOn Tuesday, local bankers were inundated with calls from consumers, most of them with questions about mortgage rates. "Most people think a cut in the ...
  2008-01-23 10:04:07

• It happened here, years ago - Piggott Times

  It happened here, years agoPiggott Times, AR - 55 minutes agoDuring 1967 the company channeled $1174634.00 in mortgage loans into the local economy. The Piggott Jaycees hosted a district rally at the PHS cafeteria ...
  2008-01-23 10:04:49

• California Lawmakers Banning Risky Mortgages As Defaults Soar

  HULIQ.com - Mortgage rates are the lowest they have been in over 3 years and the current market trend tends to favor home values continuing to decrease for another year or two. You can find more resources pertaining to the steps California lawmakers are taking to ...
  2008-01-23 05:32:00

• Citizens left holding the bag in the global economy - Online Journal

  Citizens left holding the bag in the global economyOnline Journal, FL - 55 minutes agoThe truth remains that The Federal Home Loan Bank system has injected $750bn into mortgage banks since the beginning of the crunch, $210bn in November alone ...
  2008-01-23 10:05:09

• Mortgage insurer MGIC's dive, then recover after it says 2008 claims ...

  CNBC - The nation's leading mortgage insurer had previously expected payouts to reach as ... 30 percent, to a low of $10.40, in early trading Wednesday, marking their lowest ... claims as homeowners struggle to make payments amid fluctuating interest rates and ...
  2008-01-23 03:23:00

• Banking System Is Broken - New York Sun

  Banking System Is BrokenNew York Sun, NY - 51 minutes agoBetween 1989 and 1995, the RTC closed 747 thrift institutions and purchased $394 billion in mortgage-related loans. Similarly, the new RTC would help ...
  2008-01-23 10:08:28

• Trump Entertainment Receives Moody's Lowest Rank on Liquidity

  Bloomberg - Trump Entertainment Receives Moody's Lowest Rank on Liquidity By Gabrielle Coppola Jan. 23 (Bloomberg) -- Trump ... Trump Entertainment posted losses in three of the past four quarters before obtaining the mortgage. Moody's rates Trump Entertainment ...
  2008-01-23 02:40:00

• Homeowner gains a reprieve from eviction - Boston Globe

  Homeowner gains a reprieve from evictionBoston Globe, United States - 50 minutes agoShe made no down payment, instead using two loans arranged by Zeus Funding LLC, a mortgage brokerage based in Londonderry, NH, but active in Dorchester. ...
  2008-01-23 10:10:00

• Q4 Commercial Sales Down 8 Percent - Memphis Daily News

  Q4 Commercial Sales Down 8 PercentMemphis Daily News,  USA - 48 minutes agoThe top commercial lenders, in terms of dollars, were Federal Home Loan Mortgage (1 loan, $36 million) and Magnolia Federal Bank for Savings (2 loans, ...
  2008-01-23 10:11:33

• Area banks suffer along with credit industry - Chicago Daily Herald

  Area banks suffer along with credit industryChicago Daily Herald, IL - 44 minutes agoThe loss was caused by a $50 million impairment of collateralized debt obligations related to subprime mortgage loans, according to the bank. ...
  2008-01-23 10:15:58

• Bond scheme may lure more bidders for Northern Rock - Tehran Times

  Bond scheme may lure more bidders for Northern RockTehran Times, Iran - 38 minutes agoUnder the plan, the £24bn of Bank of England loans will be turned into bonds and sold in tranches to City institutions. The bonds will be guaranteed by the ...
  2008-01-23 10:22:09

• Lawmakers still trying, although specific help for homeowners in ... - Reiten Television KXMB Bismarck

  Lawmakers still trying, although specific help for homeowners in ...Reiten Television KXMB Bismarck, ND - 3 hours agoIf successful, that would make it easier for homeowners with ballooning interest rates to refinance into federally insured loans. ...
  2008-01-23 07:43:12

• Stocks dive on worries of US recession; Wall Street digests Fed's ... - Sherman Denison Herald Democrat

  Stocks dive on worries of US recession; Wall Street digests Fed's ...Sherman Denison Herald Democrat, TX - 24 minutes agoThe Fed lowered the target federal funds rate, or the interest banks charge one another for overnight loans, to 3.50 percent and the discount rate, ...
  2008-01-23 10:36:20

• IE8 May Not Pass the Acid2 Test After All - Slashdot

  IE8 May Not Pass the Acid2 Test After AllSlashdot - 17 minutes agoIn other news, many Americans against government bailout of mortgage companies that made bad loans... by ushering05401 (1086795) on Wednesday January 23, ...
  2008-01-23 10:43:24

• People in the Move - PensacolaNewsJournal.com

  People in the MovePensacolaNewsJournal.com, FL - 14 minutes agoTeresa Frye, a mortgage loan officer, recently moved to the mortgage professionals at Peoples First Community Bank. Frye formerly worked for SunTrust ...
  2008-01-23 10:46:25

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