Mortgage and Financial News From 2008-11-19 Page 01
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CEMEX Selects Global Coordinators to Refinance Upcoming Maturities - Businesswire.com
MONTERREY, Mexico--( BUSINESS WIRE )--CEMEX, S.A.B. de C.V. (NYSE: CX) announces that it has selected BBVA, Citi, HSBC, RBS and Banco Santander, S.A. to lead a global effort to i) negotiate joint bilateral facilities for CEMEX, S.A.B. de C.V. and ...
2008-11-14 11:04:00 -
Firm reviews mortgages - East Valley Tribune
Aiming to help misinformed home buyers, U.S. Mortgage Watchdog, a new Ahwatukee Foothills-based business, opened this week. The company offers services to homebuyers and people looking to refinance home loans, including counseling of clients, many of ...
2008-11-13 05:53:00 -
Mortgage applications drop in week - The Money Times
Washington -- The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 6.2 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, fell 6.2 percent from ...
2008-11-19 04:27:00 -
U.S. tries new tack on mortgage program (CNNMoney.com via Yahoo! Finance)
The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate.
2008-11-19 04:04:00 -
John Paine - Global View November 2008 (Scoop.co.nz)
Yes - there have been a lot of fires in the global financial markets. And it’s yet to be determined whether the world’s central banks and governments have been using water or gasoline.
2008-11-19 05:01:49 -
Mortgage application volume falls 6.2 pct (Lexington Herald-Leader)
Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index slipped to 398.6 during the week, down from 425 a week earlier. Refinance volume decreased 2.6 percent, while purchase volume declined 12.6 percent during the week. Refinance volume accounted for 49.9 ...
2008-11-19 05:22:14 -
Conference puts focus on foreclosure amid calls for feds to refinance mortgages (The Daily Record)
In the last three months, the meltdown of Wall Street institutions and Congress’ $700 billion bank bailout package have knocked the subprime mortgage and foreclosure crisis off the front pages of newspapers nationwide.
2008-11-19 05:44:16 -
HOUSING: Mortgage applications among buyers dip (North County Times)
Fewer prospective borrowers applied for mortgages last week, driving a national index to its lowest point in at least a year.
2008-11-19 08:13:19 -
HUD Secretary Says Borrowers Not Getting Aid (New York Times)
Two government programs intended to help hundreds of thousands of borrowers avoid foreclosure are having negligible effects, a top Bush administration official said.
2008-11-19 08:19:37 -
FHA Relaxes Rules of Program for Troubled Homeowners (Washington Post)
The Federal Housing Administration yesterday said that after less than two months it is relaxing terms of a program designed to help troubled mortgage borrowers because so far the effort has not been effective.
2008-11-19 10:17:42 -
Free counseling Saturday for troubled IndyMac borrowers - Los Angeles Times Blogs
When Pasadena's IndyMac Bank sent letters to 35,000 borrowers who had missed mortgage payments, offering a chance to rework the loan terms to make them affordable, it got an initial response from fewer than half the borrowers, as The Times reported ...
2008-11-19 03:08:00 -
How Obama can energise the economy - Financial Times
P resident-elect Barack Obama faces calls for a “stimulus” package to lift the flagging US economy. Recent asset price declines and job losses underscore these calls. Given the ineffective design of the most recent stimulus package, he would be ...
2008-11-19 04:48:00 -
CONTINUED : Barrage of bleak news - MSNBC
Nov. 19: GM’s Chief Executive Rick Wagoner talks to CNBC’s Phil LeBeau about the Big Three’s pursuit of a government bailout. Our current stock slide joins the list of most notable bear markets in the past 80 years. Stocks have been trading ...
2008-11-19 03:44:00 -
Dow slips below 8,000 on growing fear of deflation - Reading Eagle
WASHINGTON - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...
2008-11-19 05:24:00 -
Overdraft rates go up by 7 percentage points in one year, study shows - Daily Telegraph
It is the latest attempt by banks to boost their profits despite taking billions of pounds of financial support from the Government, experts warned. Yorkshire Bank and Clydesdale Bank were named among those which have increased their overdraft rates ...
2008-11-19 06:00:00