Mortgage and Financial News From 2009-1-28 Page 01

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  • Banks Tight On Loans Despite Low Interest Rates - CBS 3 Philadelphia

    House Passes $819B Stimulus Bill (1/29/2009) Revitalizing A Rusty Old Town (1/28/2009) Postmaster General: Mail Delivery May Be Cut Back (1/28/2009) Slumping Economy Takes Toll On Super Bowl (1/28/2009) Fed Leaves Rate Near Zero Due To Weakening ...
    2009-01-28 08:19:00

  • Bonds: In Search of Higher Yields - BusinessWeek

    With yields on longer-dated Treasury securities on the rise since the start of 2009, there's been some debate about how the Federal Reserve should proceed if it wants to keep interest rates capped in order to free up more credit to individuals and ...
    2009-01-28 10:35:00

  • Homeowner is fed up with banks - AZCentral.com

    Like others, I'm watching my pocketbook and looking for ways to save a few bucks. With home-mortgage interest rates lower now than when we bought our house in 2006, we wanted to refinance to get a lower rate and save on our monthly payment ...
    2009-01-28 10:42:00

  • Lula Shuns Davos Elite for Anti-Capitalist Jamboree With Chavez (Bloomberg)

    Jan. 29 (Bloomberg) -- Brazilian President Luiz Inacio Lula da Silva is shunning the World Economic Forum in Davos this week and the chance to hobnob with business leaders and 41 heads of state.
    2009-01-28 10:57:16

  • Property Owners' Predicament (Washington Post)

    A third of the loans used to finance Washington area commercial buildings and then sold to Wall Street are coming due in the next five years, leaving investors scrambling to find new funding.
    2009-01-28 11:00:00

  • Big, Empty Boxes (The Harrisonburg Daily News-Record)

    HARRISONBURG - As the economic crisis hits retailers and businesses hard, the effects are trickling down to Harrisonburg, in the form of empty storefronts,
    2009-01-28 11:06:12

  • Advice for homeowners: Lock your rates now (ABC 15 Phoenix)

    He said he’s seen a big spike in the number of people wanting to learn more about refinancing their home loans. He said they include, “people that have fixed rates that want to lower their payment and people with adjustable rates that want to fix them.”
    2009-01-28 11:11:51

  • Fed to hold rates near zero - EurActiv.com

    WASHINGTON (Reuters) - The Federal Reserve resumed a policy meeting on Wednesday that some investors hoped might end with a signal it was moving closer to buying long-term U.S. government bonds now that its traditional interest rate cutting tools ...
    2009-01-28 01:38:00

  • Analysts: Charter on verge of bankruptcy (Montgomery Advertiser)

    How do you lose $7 billion? That's a question for Microsoft Corp. co-founder Paul Allen, who has seen his massive investment in cable TV operator Charter Communications Inc. all but vanish.
    2009-01-28 11:12:36

  • Sino Gold in Talks With Two Chinese Banks to Refinance Debt (Bloomberg)

    Jan. 29 (Bloomberg) -- Sino Gold Mining Ltd ., owner of China’s second-largest gold mine, is in talks with two Chinese banks to refinance $30 million of debt and expects to report a full-year loss after writing down the value of assets.
    2009-01-28 11:16:59

  • There may be method in Michael Ignatieff's mellowness (The Globe and Mail)

    Liberal Leader plans to wait for the right time before making a move
    2009-01-28 11:27:47

  • Indian Exporters Cut 1 Million Jobs as Foreign Orders Decline (Bloomberg)

    Jan. 29 (Bloomberg) -- Indian exporters have shed as many as 1 million jobs, more than 15 times a December estimate, amid the most protracted decline in overseas sales in a decade, the commerce ministry said.
    2009-01-28 11:28:51

  • Banks cut mortgage rates, but will it be enough? - National Business Review

    Now is the time to buy, a vendor of home mortgage finance said as Kiwibank and Westpac led the latest round of mortgage rates. But it remains unclear whether the Reserve Bank's surprise 150 basis point cut in the Official Cash Rate (OCR) to 3.5 ...
    2009-01-28 09:02:00

  • Kuwait News (Arab Times)

    KUWAIT CITY, Jan 28: Kuwaiti MPs on Wed-nesday urged the government to rescue the economy from imminent “collapse” as the impact of the global financial crisis bites. “The (stock) market and economy are deteriorating. This will have social consequences.
    2009-01-28 11:33:50

  • Refinancing home loan in South Florida takes more than good credit - Fort Lauderdale Sun-Sentinel

    When mortgage interest rates fell to their lowest point in four decades, a flood of borrowers asked their lenders to refinance their home loans. But because home prices have fallen so far and lenders are making it hard to qualify, plenty of South ...
    2009-01-27 05:57:00

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