Mortgage and Financial News From 2009-2-12 Page 01
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Don't Let Judges Tear Up Mortgage Contracts - Wall Street Journal
The nation faces a foreclosure crisis of historic proportions, and there is an understandable desire on the part of the federal government to "do something" to help. House Judiciary Chairman John Conyers's bill, which is moving swiftly through ...
2009-02-12 11:00:00 -
US mortgage rates dip from 2-month high-Freddie Mac - Reuters
NEW YORK, Feb 12 (Reuters) - U.S. mortgage rates retreated from two-month highs over the past week, with the average 30-year fixed loan dipping 0.09 percentage point to 5.16 percent, home funding company Freddie Mac ( FRE.N ) ( FRE.P ) said on ...
2009-02-12 12:01:00 -
Administration weighs plan to lower mortgage rates - star.com.my
WASHINGTON (AP) - President Barack Obama's administration is considering spending taxpayer dollars to cut monthly payments for homeowners on the verge of foreclosure, according to two people briefed on the proposals. The deliberations came as ...
2009-02-12 10:39:00 -
REFILE-TREASURIES-Edge up in Asia, focus on G7 message on econom (The Forex Market)
TOKYO, Feb 13 (Reuters) - U.S. Treasuries edged higher in Asian trading on Friday after erasing some of their gains the previous day in the wake of a possible mortgage subsidy plan in the United States.
2009-02-12 11:19:39 -
Union National weathers losses (Lancaster Online)
Union National Financial Corp. cut its net charge-offs almost in half and increased its 2008 profits by 42 percent despite taking a net loss of $899,000 in the fourth quarter.Manheim Township-based Union National's fourth quarter 2008 loss resulted from an impairment charge of $1.29 million rela...
2009-02-12 11:20:02 -
Treasuries Head for Weekly Gain as Economic Plans Disappoint (Bloomberg)
Feb. 13 (Bloomberg) -- Treasuries headed for a weekly gain, trimming their worst start to a year in more than two decades, on speculation a $789 billion stimulus plan before Congress won’t revive consumer spending and the world’s biggest economy.
2009-02-12 11:23:36 -
(AFX UK Focus) 2009-02-13 05:04 REFILE-TREASURIES-Edge up in Asia, focus on G7 message on econom (Interactive Investor)
By Kaori Kaneko
2009-02-12 11:24:20 -
Business Briefs (The Post and Courier)
NEW YORK — The stock market made a strong late-day comeback Thursday after getting some possible good news about mortgages.
2009-02-12 11:26:52 -
Australian, New Zealand Dollars Fall in Week on Stimulus Doubts (Bloomberg)
Feb. 13 (Bloomberg) -- The Australian and New Zealand dollars headed for weekly declines on concerns the U.S. stimulus plan may not be enough to ease a recession in the world’s largest economy.
2009-02-12 11:27:21 -
AP Financial NewsBrief at 11:22 p.m. EST (INO News)
NEW YORK (AP) _ The stock market has made a late-day comeback, hoping that homeowners will get more help with their mortgages.
2009-02-12 11:28:06 -
Latest posts (InsideHousing)
Lowest lending to first-time buyers? Lowest orders for new housing? Take your pick from new figures out today that confirm just how bad 2008 really was - and prepare for a grim 2009 while you’re at it.
2009-02-12 11:31:20 -
Crude Oil Rises From Seven-Week Low After U.S. Equities Recover (Bloomberg)
Feb. 13 (Bloomberg) -- Crude oil rose in New York, paring the worst weekly decline since December, after equities gained on speculation governments will widen efforts to help consumers weather a deepening global recession.
2009-02-12 11:32:36 -
UPDATE 1-S.Korea to discuss c.bank T-bond purchases - FXStreet.com
SEOUL, Feb 13 (Reuters) - South Korea's new finance minister said on Friday that he would discuss with the central bank the possibility of it buying treasury bonds when necessary. Yoon Jeung-hyun, who took office on Tuesday, was speaking after being ...
2009-02-12 09:20:00 -
UPDATE 1-NZ Q4 retail sales fall, more rate cuts loom - CNBC
By Mantik Kusjanto WELLINGTON, Feb 13 (Reuters) - New Zealand retail sales fell for the fifth consecutive quarter in the three months to December, reinforcing views the central bank will keep cutting interest rates to shore up the recession-hit ...
2009-02-12 04:41:00 -
First cash splash helped jobs rate - Age
EVIDENCE pointing to the success of the first fiscal stimulus package has been presented to the Federal Government just as the Senate has rejected the latest one. Employment held steady in January against expectations and buoyed by a surprise jump in ...
2009-02-12 03:08:00