Mortgage and Financial News From 2008-3-1 Page 14

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  • Do not rule out 9% growth, says FM (Business Standard India)

    A day after presenting his fifth Budget in the UPA government, Finance Minister P Chidambaram said budgets did not win elections, unless they were properly marketed. In a detailed interview on Saturday, Chidambaram said he still aimed at nine per cent growth for the economy in 2008-09.
    2008-03-01 10:58:52

  • Currency futures to help realise IFC dreams (Business Standard India)

    The Budget proposal to introduce exchange-traded currency and interest rate futures and a transparent credit derivatives market are part of the move to make Mumbai an international financial centre (IFC), say experts.
    2008-03-01 11:01:25

  • `We`ll market brand Gujarat aggressively` (Business Standard India)

    At a time when the world is looking at India as a market, this man envisages a scenario where Gujarat turns the whole world into a market for whatever it manufactures.
    2008-03-01 11:02:12

  • Rell changes mortgage crisis program (Greenwich Time)

    Disappointed that more homeowners have not qualified for a state mortgage refinancing program, Republican Gov. M. Jodi Rell yesterday announced changes to make the plan more flexible.
    2008-03-01 11:08:31

  • Earn 8.5% Interest In Your Current Account! (The Motley Fool)

    Some whacky deals from your bank: earn 8.5% interest for more than a year, and get a £200 cash payout in six months!
    2008-03-01 11:10:35

  • Gozo will be lead by people of good will (Malta Star)

    The island region of Gozo will be lead by Gozitans of good will who have the will and the vision so that, together with the Ministry for Gozo and other administrative structures on the sister island, will contribute wholly to improving the quality of life in Gozo and to create new employment opportunities for the Gozitans in Gozo.
    2008-03-01 11:12:18

  • Horse racing industry bets on casinos (Los Angeles Times)

    Its economic survival depends on them, say backers of a Kentucky legalization measure. Critics worry about a culture clash. Arthur Hancock, a fourth-generation thoroughbred breeder, pointed out his office window on a recent morning to illustrate a fundamental difference between horse racing and casino gambling.
    2008-03-01 11:12:31

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-01 11:13:25

  • Housing out of reach

    Baltimore Sun - But the government resources necessary to make homes and apartments affordable to more people are harder to come by - and aren't likely to increase, with fewer home sales producing less tax revenue. Meanwhile, the credit turmoil affecting mortgage ...
    2008-03-01 07:50:00

  • Activists Bare Teeth Over Foreclosures

    Forbes - In early 2006, Gardner's adult sons - who had bought the house from her - fell behind on their mortgage and the lender, Countrywide, began foreclosure. Gardner stepped in to fight, although looking at the home's drab exterior and the surrounding ...
    2008-03-01 09:45:00

  • Stroke Leaves Couple Fighting Foreclosure

    The Ledger - However, he and his wife, Carolyn, have been devastated financially. Their new home - purchased just three years ago - is on the market at a drastic discount at the direction of their mortgage lender, which is hoping to avoid foreclosure. McFall, 59 ...
    2008-03-01 04:37:00

  • Bernanke Says Some Banks Will Fail

    Post Chronicle - While some current economic patterns look like previous periods of decline, Bernanke said market upheaval in 2001 -- the large dot.com correction -- hurt financial investors, whereas the current home mortgage crisis is hurting homeowners.
    2008-03-01 06:03:00

  • Dollar Falls to Record Low Versus Euro as Fed Signals Rate Cuts

    Bloomberg - The U.S. currency has dropped 13 percent versus the euro in the past year as subprime-mortgage losses, the worst housing market in 25 years and soaring credit costs spurred the Fed to cut rates five times since Sept. 18.
    2008-03-01 05:56:00

  • Risks seen for growing Fannie, Freddie

    CNBC - ... and Freddie likely will operate -- even with the freed-up portfolios -- largely as packagers and resellers of mortgage securities as opposed to holding them in the portfolios, analysts say. That business helps provide funding to prospective home ...
    2008-03-01 04:37:00

  • European Stocks Drop for Fourth Month; Rhodia, Rentokil Decline

    Bloomberg - HBOS, the U.K.'s largest mortgage lender, slid 6.6 percent. Financial firms will likely see their losses reach at least $600 billion as the crisis triggered by the collapse of subprime mortgages batters banks, brokers and insurers, UBS ...
    2008-03-01 05:48:00

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