Mortgage and Financial News From 2009-1-15 Page 01
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Mortgage lenders tell borrowers to overpay - This is Money
Mortgage lenders today advised homeowners to overpay their loans to protect from falling house prices. The Council of Mortgage Lenders (CML) has advised those benefiting from lower rates as a result of bank rate cuts to reduce their mortgage balances ...
2009-01-15 06:22:00 -
UPDATE 1-Fed bought $23.4 bln agency mortgage bonds in week - Forbes
NEW YORK, Jan 15 (Reuters) - The Federal Reserve bought $23.405 billion in mortgage-backed securities guaranteed by Fannie Mae , Freddie Mac and the Government National Mortgage Association from Jan. 8 through Wednesday, according to the New York Fed ...
2009-01-15 02:58:00 -
Bank of England interest rate cut: Era of interest-free mortgages ... - Daily Telegraph
Financial experts said some borrowers with tracker mortgages could see their rates drop to zero, meaning those with interest-only mortgages would have nothing to pay on their monthly mortgage repayments. Lawyers suggested that if rates dropped ...
2009-01-08 04:18:00 -
Many Home Buyers Need Higher Loan Limits, Upper-End Stalled - MSN MoneyCentral
WASHINGTON , Jan. 15 /PRNewswire/ -- The drop in mortgage loan limits for conventional financing at the end of 2008 is hurting home sales and trade-up activity in higher price ranges across the country, according to the National Association of ...
2009-01-15 01:46:00 -
Mortgage rescue plan is extended - BBC News
The program was devised last year by the National Housing Federation, which represents England's housing associations and the Council of Mortgage Lenders. It was already in place across 80 local authorities in England, but will be rolled out across ...
2009-01-15 09:53:00 -
UPDATE: Asian Shares In Cautious Fri Gains; Japan Autos Rise - FXStreet.com
SINGAPORE (Dow Jones)--Asian shares were recovering only modestly Friday from Thursday's large falls, with caution setting in before the weekend and before large U.S. financial companies reported earnings, though technology stocks were getting some ...
2009-01-15 08:56:00 -
Eastday-Expert: China not to blame for crisis (Eastday.com)
The global credit bubble started with U.S. policies rather than the savings of China and oil exporters, a leading World Bank economist said.
2009-01-15 08:57:59 -
INVESTORSOFFSHORE.COM (Investors Offshore)
A new report by Credit Suisse on the outlook for the business environment in 2009 has suggested investment in several asset classes to reduce exposure to risk. However, the report warns that 2009 is once again likely to be characterized by serious economic concerns.
2009-01-15 09:59:20 -
Funds Pull $1.4 Bln From Philippines In 2008 - Central Bank (The Forex Market)
MANILA (AFP)--The Philippines lost a net $1.4 billion in foreign portfolio investments as funds pulled out of stocks, securities and bank deposits in calendar year 2008, the central bank said Friday.
2009-01-15 10:38:23 -
Bank of America Needs to Cut Its Dividend (BusinessWeek)
2009-01-15 10:57:06 -
Homebuilders urge Congress to ‘fix housing first’ (Bozeman Daily Chronicle)
Montana homebuilders sought Thursday to drum up public support for a $150 billion package to rescue the housing industry, saying the best way for Congress to pull the U.S. economy out of recession is to “fix housing first.”
2009-01-15 10:58:02 -
Tax-exempt bonds for Yanks is not a handout (Newsday)
In a purer capitalistic world, sports teams wouldn't ask cities to help with stadium financing, the federal government wouldn't bail out failing companies and the tax code wouldn't offer perks such as deductions for mortgage interest.
2009-01-15 11:12:34 -
How to save $10,000 in 2009 (MSN Money Canada)
To stash away the big bucks, first chop expenses in housing, transportation and food. Here are lots of ideas to make that possible. If you were hoping for a list of small tweaks you could make in your spending to save $10,000 a year, sorry.
2009-01-15 11:14:17 -
Senate frees $350bn of bailout fund as shares slide - Times Online
The US Senate has voted to release the remaining $350 billion (£239 billion) of the US financial bailout fund to President-elect Barack Obama. Some fierce opposition was overcome last night after Mr Obama’s team promised that up to $100 billion ...
2009-01-15 07:23:00 -
Timeline: US government bail-outs - BBC Business
US officials start working on a $700bn plan to help rid US banks of their bad debts in order to tackle the devastating global financial crisis. After a meeting with Congress members, US Treasury Secretary Henry Paulson says new laws are needed to ...
2009-01-15 05:00:00