Mortgage and Financial News From 2009-3-25 Page 21

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  • A Conversation with Timothy F. Geithner (Prepared Remarks) (Foreign Relations)

    The American economy and much of the world now face extraordinary challenges, and confronting these challenges will continue to require extraordinary actions.
    2009-03-25 08:34:39
  • Gagfah Plans to Double Asset Sales to More Than EU500 Million (Bloomberg)

    March 25 (Bloomberg) -- Gagfah SA , the largest publicly traded owner of German apartments, plans to more than double asset sales this year and said it may distribute some of the proceeds to investors. The shares rose as much as 16 percent.
    2009-03-25 08:41:07
  • Insurers, governments will help with flood changes - Visalia Times-Delta

    Insurers, governments will help with flood changesVisalia Times-Delta, CATheir lower rates will remain in effect "as long as [they] never let the coverage lapse," he said. Low-rate policies can be assumed by new owners if there are no breaks in the flood-insurance policies. The county and the city of Visalia are putting on ...
    2009-03-25 06:04:08
  • Fed to Start Buying Government Debt - First Coast News

    Fed to Start Buying Government DebtFirst Coast News, FL... over the next six months as part of the effort to end the recession. At the same time, it said it'll step up its purchases of mortgage securities from Fannie Mae and Freddie Mac to help lower mortgage rates and aid the crippled housing market.
    2009-03-25 06:05:13
  • Today's Must-Reads from Reuters - March 25 - Forex Pros

    Today's Must-Reads from Reuters - March 25Forex Pros, British Virgin IslandsBut she is a paying mortgage instead of rent -- and coming out even. "I could not be more thrilled," says Wilusz. For some, prices appear to have fallen enough to make buying cheaper than renting. Mix in mortgage rates near record lows and renters who ...
    2009-03-25 06:10:56
  • Consumer will command recovery, economist says - NewsOK.com

    Consumer will command recovery, economist saysNewsOK.com, OKHousehold income is getting a boost from lower gasoline prices and a drop in mortgage rates that has fueled a wave of refinancing, Schlossberg said. However, shell-shocked consumers may be slow to return to their previous spending ways as they channel ...
    2009-03-25 06:12:20
  • Inflation Rise Catches Economists By Surprise - Property News

    Inflation Rise Catches Economists By SurpriseProperty News, UKAn increase in the price of imported items such as fruit, vegetables and toys pushed the rate up. Conversely, the Retail Prices Index (RPI) fell to zero, its lowest level since 1960. The RPI includes housing costs, and a fall in mortgage repayments ...
    2009-03-25 06:12:34
  • Mortgage Approvals up for Third Month in a Row - Property News

    Mortgage Approvals up for Third Month in a RowProperty News, UKThese numbers are being kept down by low interest rates as borrowers are finding it cheaper and easier to stay with their current lender on the standard variable rate, rather than go through the process of finding a new mortgage. ...
    2009-03-25 06:12:34
  • February's new mortgage loans rise 15.7% - News.gov.hk

    February's new mortgage loans rise 15.7%News.gov.hk, Hong KongThe proportion of new mortgage loans priced with reference to rates other than the best lending rate rose to 32% in February, from 28.4% in January. The outstanding value of mortgage loans remained little changed at $587 billion. ...
    2009-03-25 06:13:51
  • Refinance Applications Up 41.5% Last Week: MBA - Wall Street Journal

    Refinance Applications Up 41.5% Last Week: MBAWall Street JournalMortgage applications filed to purchase a home were up a seasonally adjusted 4.2% compared with the prior week, the Washington-based MBA said. "Mortgage rates fell sharply to low levels not seen in six decades following the Federal Reserve's ...
    2009-03-25 06:17:49
  • Homeowners would miss mortgage bill, survey finds - Herald Sun

    Homeowners would miss mortgage bill, survey findsHerald Sun, AustraliaNearly one in 10 home owners said they had been late with at least one mortgage payment in the past 12 months. Interest rates have fallen 4 percentage points since their peak in August last year, easing the mortgage burden for thousands of homeowners. ...
    2009-03-25 06:18:53
  • Refinance boom sends mortgage applications higher - Houston Chronicle

    Refinance boom sends mortgage applications higherHouston Chronicle, United StatesThe average rate on a 30-year fixed-rate loan fell to 4.63 percent, the lowest level since the Mortgage Bankers group began records in 1990, from 4.89 percent the prior week. At the current 30-year rate, monthly borrowing costs for each $100000 of a ...
    2009-03-25 06:20:29
  • Doug Kass: Why the Bears are Wrong - Forex Hound

    Doug Kass: Why the Bears are WrongForex Hound, NYMonths of inventory of unsold homes are declining and so are mortgage rates, but home prices have yet to stabilize despite an improvement in the affordability indices and a better relationship between home ownership and rental costs. ...
    2009-03-25 06:22:16
  • Yahoo Tech Ticker: James Galbraith Denounces the "Geithner Plan ... - Forex Hound

    Yahoo Tech Ticker: James Galbraith Denounces the "Geithner Plan ...Forex Hound, NYThis means that, even if nothing is done, normal rates of employment and production will someday return. Practically all modern economists believe this, often without thinking much about it. * The difference between conservatives and liberals is over ...
    2009-03-25 06:22:17
  • Hotel Loan Performance In A Rapidly Deteriorating Market - Euromoney Magazine

    Hotel Loan Performance In A Rapidly Deteriorating MarketEuromoney Magazine, UKDBRS analyzed TreppLoan data on more than 2000 fixed-rate commercial mortgage-backed securities loans securitized between 2005 and 2008. The data revealed an average expense ratio of approximately 70%. Typically, different categories of hotels will ...
    2009-03-25 06:29:17