Mortgage and Financial News From 2008-1-15 Page 01

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  • UK house price decline worst since 1990s slump

    Times Online - ... surveyors in the outlook for both sales and prices fell last month to their lowest ... from buyers may be being sapped by the toll from the credit squeeze, as mortgage ... It has only just started. Don't be deceived by historically low interest rates and ...
    2008-01-15 10:35:00
  • Mortgage meltdown: ARMs on the wane

    CNN Money - ... said, ARMs made up 17 percent of loan applications, their lowest level since June 2003. Over the past year, delinquency rates on ... remain popular with families who intend to maintain their mortgage for five years or less. Five year hybrid ARM rates run ...
    2008-01-15 10:25:00
  • Thomson Financial Europe AM at a glance share guide: Stocks, oil down

    CNBC - The dollar fell to the lowest level since 2005 against the yen, reflecting renewed ... week, Fed chief Ben Bernanke hinted strongly that the Fed is willing to cut rates ... sales and a major US financial institution reported a massive subprime mortgage ...
    2008-01-15 09:16:00
  • Dollar at 2 1/2-Year Low Against Yen on Widening Credit Losses

    Bloomberg - Citigroup wrote off $18 billion for mortgage defaults, adding to concerns the U.S ... Japan's benchmark interest rate of 0.5 percent, the lowest among major economies ... In carry trades, investors borrow in countries with lower interest rates and ...
    2008-01-15 09:59:00
  • Figures confirm retailers had little holiday cheer

    Houston Chronicle - ... have reported billions of dollars in losses stemming from a meltdown in the mortgage ... Dow Jones industrial average fell 277.04 points to close at 12,501.11, the lowest ... such as extending President Bush's tax cuts, cutting corporate tax rates and ...
    2008-01-15 10:42:00
  • Asian Stocks Fall, Extending Global Slump; Banks Lead Decline

    Bloomberg - ... Index tumbled 3.3 percent to 145.70 at 3:19 p.m. in Tokyo, headed for its lowest ... amid speculation the U.S. will fall into recession as losses related to mortgage ... Shipping stocks also declined after a measure of sea- transportation rates dropped ...
    2008-01-15 10:57:00
  • Fed auctions $30b to help bolster banks

    Boston Globe - The 3.95 percent interest rate was the lowest of any of the three auctions it has held. The other two auctions saw rates of 4.65 percent and 4.67 percent. ... where it stood in early August, before a severe credit crisis sparked by rising mortgage ...
    2008-01-15 10:06:00
  • Asian stock markets plunge

    BusinessWeek - ... Inc. had lost nearly $10 billion in the fourth quarter as it wrote down bad mortgage ... Now many investors and analysts believe the Fed will cut rates by a half-point at ... The U.S. dollar fell to 106.02 yen, the lowest level in 2 1/2 years. "The Tokyo ...
    2008-01-15 10:57:00
  • Forex - Dollar sinks to near three-year low vs yen on talk of bigger ...

    Forbes - ... Financial) - The US dollar weakened to its lowest level in nearly three years against the yen in afternoon trade in Asia on Wednesday as some investors bet the Federal Reserve may cut key rates by ... was starting to roll over and that subprime mortgage ...
    2008-01-15 09:45:00
  • Japan's 10-Year Yields Fall to Two-Year Low on Growth Outlook

    Bloomberg - Jan. 16 (Bloomberg) -- Japan's 10-year notes rose, sending yields to the lowest ... low in New York Stock Exchange trading after writing off $18 billion for mortgage ... speculation the Bank of Japan will have more room to delay raising interest rates ...
    2008-01-15 10:57:00
  • Forex - Dollar sinks to near three-year low vs yen on talk of ... - CNNMoney.com

    Forex - Dollar sinks to near three-year low vs yen on talk of ... CNNMoney.com - 1 hour ago Investors usually borrow from Japan, where the 0.5 percent interest rate is the lowest among developed countries, and invest the proceeds in higher-yielding ...
    2008-01-15 10:07:31
  • Australia's S&P/ASX 200 Slides in Longest Selloff in 7 Years - Bloomberg

    Australia's S&P/ASX 200 Slides in Longest Selloff in 7 Years Bloomberg - 1 hour ago It closed at its lowest in almost a year and a half. Citigroup declined to a five-year low in New York Stock Exchange trading after the bank cut its ...
    2008-01-15 10:09:37
  • Operation Fresh Start struggles with unsold homes - Wisconsin State Journal

    Operation Fresh Start struggles with unsold homes Wisconsin State Journal, WI - 1 hour ago The city provides $44000 to Operation Fresh Start for each home built and $18700 of that is passed on to buyers in the form of a second mortgage , ...
    2008-01-15 10:20:05
  • Rebel shareholders fail in Northern Rock vote - ic Wales

    Rebel shareholders fail in Northern Rock vote ic Wales, United Kingdom - 1 hour ago Speaking after rebel shareholders failed in an attempt to gain a greater say in the future of the mortgage lender, the Prime Minister confirmed that the ...
    2008-01-15 10:29:08
  • Hogan warns residents about door-to-door energy sales - Hornell Evening Tribune

    Hogan warns residents about door-to-door energy sales Hornell Evening Tribune, NY - 54 minutes ago She said this works similar to a mortgage rate . She also said having representatives go door-to-door seems to be the most effective way to approach ...
    2008-01-15 10:35:14