Mortgage and Financial News From 2009-1-22 Page 01
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Low interest rates mean boom times for mortgage companies - Grand Junction Daily Sentinel
NEW YORK (AP) — Spot nonferrous metal prices Thursy. Aluminum - $0.6805 per lb., N.Y. Merc spot Thu. Copper - $1.5280 Cathode full plate, U.S. destinations. Copper - $1.4385 N.Y. Merc spot Thu. Lead - $1135.00 metric ton, London Metal Exch. Zinc ...
2009-01-14 05:58:00 -
Schapiro approved as new SEC chair (Dose)
Veteran securities regulator Mary Schapiro was approved by the U.S. Senate on Thursday to head the Securities and Exchange Commission where she will face the challenge of reinvigorating the agency criticized for missing one of the biggest investment frauds in history.
2009-01-22 07:19:42 -
Mark Brown (Moorpark Acorn)
Mark Brown was welcomed to Prudential California Realty's Camarillo office by broker/owner Bob Majorino and senior branch manager Jim Chutuk. Brown has more than 20 years of Ventura County real estate experience.
2009-01-22 09:20:05 -
Desperate Homeowners Squeezed (NBC 5 Chicago)
Agents nationwide complain short sales are facing impossibly long delays, killing the deals that could help struggling sellers get out from "under" before facing foreclosure.
2009-01-22 09:36:46 -
Is It Worth Going To A Mortgage Broker? (The Motley Fool)
Can a mortgage broker still help you find the best deal - or are you better off going direct to the lender?
2009-01-22 11:11:26 -
Business: Region's real estate market took a hit in '08 (The Cabinet)
Amid the economic turmoil of 2008, the residential real estate market in the Nashua area took its sharpest decline in a decade, according to data released last week by the New Hampshire Association of Realtors.
2009-01-22 11:25:38 -
Mortgage Matters: Higher rates coming for all but the safest borrowers - Maryland Daily Record
Although mortgage rates have settled into a trading range — in the mid 5 percent range — in the last week, Fannie Mae is going to make it a little bit tougher for many borrowers to get the very best possible rates in the coming months. The ...
2009-01-22 05:49:00 -
US house construction at new low, jobless claims soar - The Australian
US home construction has tumbled to a new low, and it will likely worsen as a recessionary job market offsets lower mortgage rates. Housing starts plunged 15.5 per cent in December to a seasonally adjusted 550,000 annual rate compared to the prior ...
2009-01-22 04:51:00 -
Westpac joins in and cuts mortgage rates - New Zealand Herald
Westpac New Zealand is cutting some fixed home loan rates for the second time in a week and is also cutting its variable home loan rate. The bank is cutting its variable rate by 66 basis points to 7.49 per cent, effective for new customers on January ...
2009-01-15 09:03:00 -
UPDATE 1-US home prices may drop into 2010 or longer-Shiller - FXStreet.com
NEW YORK, Jan 22 (Reuters) - The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, according to one of the property market's most well known economists. Robert Shiller, professor of ...
2009-01-22 05:56:00 -
Kiwibank, BNZ cut mortgage rates - Stuff
LATEST: Government-owned Kiwibank and the BNZ have cut mortgage rates ahead of another expected fall in the Official Cash Rate (OCR) next week. Kiwibank reduced its one-year fixed mortgage rate by 0.50 percent to 5.99 percent, the lowest rate it has ...
2009-01-22 07:00:00 -
The week that was: January 19-23 (Stuff)
MR PRESIDENT AND THE FIRST LADY: US President Barack Obama and first lady Michelle Obama dance at the Home States Ball on the eveing of the president's inauguration in Washington.
2009-01-22 08:25:59 -
Layoffs spike, housing tumbles; outlook worsens (Muzi)
WASHINGTON - The number of newly laid-off Americans filing jobless claims and the pace of home construction both posted worse-than-expected results in government data released Thursday, lending urgency to the economic recovery plan President Barack Obama and Congress are scrambling to advance.
2009-01-22 09:01:56 -
No Help Yet For Housing Starts, UBS Says (Nasdaq)
(RTTNews) - The plunge in housing starts will add to near-term weakness in the economy; the construction associated with a start is largely spread over the following six months, note the analysts at UBS in the firm's daily economic comment.
2009-01-22 09:18:48 -
Home Construction Ends Its Worst Year Since 1959 (Rocky Mount Telegram)
In further signs of the dire economic situation, new-home construction fell to record lows in Decemb...
2009-01-22 09:23:01