Mortgage and Financial News From 2009-1-27 Page 01
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Job losses 'will add to mortgage pressure' - Tasmanian Examiner
RISING joblessness will push even more families into mortgage stress this year than the decade-high interest rates of last year, a survey finds. As the Federal Government agreed yesterday to push banks to go easy on people at risk of losing their ...
2009-01-27 07:23:00 -
Tampa-area housing starts in 2008 were the lowest since 1991 - St. Petersburg Times
Story Tools Higher unemployment, tight-fisted lending and sagging consumer confidence drove the new-home market to record lows in 2008. Tampa Bay area builders started construction on 932 homes in the last quarter of 2008, crowning a crummy year in ...
2009-01-22 10:06:00 -
Yen May Extend Gain on Record Low U.S. Sentiment, Haven Demand - Bloomberg
Jan. 28 (Bloomberg) -- The yen may gain versus the euro for a second day after a report showing U.S. consumer confidence at a record low boosted demand for Japan’s currency as a haven. The pound advanced against all of its major counterparts ...
2009-01-27 05:00:00 -
A Preview of the Fed's Rate-Setting Decision (Fox News)
According to FTN Financial, the Federal Open Market Committee Wednesday will complete its biggest meeting in years.
2009-01-27 05:25:29 -
Hard times take the wind out of Staten Island home sales (Staten Island Advance)
Borough sellers resist dropping prices even further to accommodate fewer buyers
2009-01-27 08:27:31 -
Top Scoops (Scoop.co.nz)
Editor: Sam Smith EMAIL US REVIEW E-MAIL UPDATES REVIEW INDEX UNDERNEWS XML FEED 27 January 2009
2009-01-27 08:32:03 -
California Mortgage Defaults Drop In Fourth Quarter (CNBC via Yahoo! Finance)
The number of mortgage default notices issued in California in the fourth quarter fell to its lowest level in more than a year and dropped 20.2 percent from the prior quarter and 7.7 percent from a year earlier, a report released on Tuesday by MDA DataQuick said.
2009-01-27 10:21:06 -
Record foreclosures in Bay Area, state in 2008 (San Francisco Chronicle)
Foreclosures and default notices hit new highs for California and the Bay Area in 2008, according to a real estate report released Tuesday. A total of 236,231 homes statewide, or 2.8 percent of all the state's housing stock, were repossessed by banks last...
2009-01-27 10:37:07 -
Consumer confidence even lower in new year (Winston-Salem Journal)
Federal Reserve policymakers are gathering to examine what other tools they can use to help ease a recession that has left millions of Americans out of work.
2009-01-27 11:15:55 -
Cramdowns, renegotiation authority or leave it to lenders? - Seattle Post Intelligencer Blogs
Despite a deal Democratic senators reached with Citigroup earlier this month, a bill to allow judges to impose mortgage modifications as part of bankruptcy proceedings will reportedly not be part of the stimulus package now headed through Congress ...
2009-01-27 02:58:00 -
Scotiabank Changes Mortgage Rates - CNW Group
TORONTO, Jan. 20 /CNW/ - Scotiabank announced today the following changes in residential mortgage interest rates, effective January 21, 2009: - six-month flexible closed 5.20 per cent (decreases by 0.70 per cent) - six-month open 7.05 per cent ...
2009-01-20 03:28:00 -
Mortgage market may have turned the corner - Economic Times
NEW YORK: The coast-to-coast fire sale in the US housing market appears at long last to have caught a bit of a bid. Yes, residential real estate remains in the throes of the worst downturn since the Great Depression. Yes, home prices are the lowest ...
2009-01-27 04:10:00 -
Are you thinking of buying a home now? - New Zealand Herald Blogs
Banks are cutting their mortgage rates to the lowest levels in five years in response to the Reserve Bank's official cash rate review - and property investors will be making the most of it. TSB Bank dropped its 12-month fixed mortgage rate to 5.98 ...
2009-01-27 07:23:00 -
Is There More About Mortgage Rates Than Meets the Eye? - Town Hall
Today, some of us now feel the actions of the mortgage market have been dictated in part by the Federal Government's social engineering, by individual state laws, public pressure and the media. The mortgage backed securities market appears to have ...
2009-01-27 01:18:00 -
FHFA Proposes to Trim Fannie, Freddie Portfolios (Update2) - Bloomberg
Jan. 27 (Bloomberg) -- Fannie Mae and Freddie Mac, the mortgage-finance companies under U.S. control, must cut their portfolios to $250 billion each under proposed rules that would make permanent an emergency agreement last year. The companies, the ...
2009-01-27 04:10:00