Mortgage and Financial News From 2009-4-8 Page 01
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Complex bond deals haunt Tenn. cities, counties - Associated Press
NASHVILLE, Tenn. (AP) -- Complex bond deals that city and county officials across Tennessee thought would lower their interest payments have come back to bite some governments with skyrocketing fees and little time to pay off the debt. State records ...
2009-04-08 07:06:00 -
'Green shoots' recovery talk taboo (The New Zealand Herald)
It was Ben Bernanke who first used the phrase. "I think all of our efforts so far have produced results," the Federal Reserve chairman said in a US television interview last month. "And I think as those green shoots begin to appear...
2009-04-08 09:01:42 -
As Nation?s Markets Level Off, Housing Slump Hits Manhattan (New York Times)
Sales of co-ops and condominiums in Manhattan plunged in the first quarter of this year, and housing analysts predicted a prolonged slump.
2009-04-08 09:05:34 -
Australia Cuts 34,700 Jobs as Economy Contracts (Update1) (Bloomberg)
April 9 (Bloomberg) -- Australian employment fell in March as slumping global demand prompted mining companies to fire workers, adding to signs the nation may be in its first recession in almost two decades.
2009-04-08 09:11:39 -
The Goldsmiths—Part LXIV (GoldSeek.com)
There are a host of lessons which can be learned from Weimar Germany ’s bout with hyperinflation in the early 1920s. Much of this story has been told in a number of writings over the years. The Goldsmiths, Part LIX, addresses that issue extensively.
2009-04-08 09:12:14 -
Pulte purchase would form biggest home builder in U.S. (Fort Worth Star-Telegram)
An analyst views the deal as an indication that the firms think an upswing is coming.
2009-04-08 09:17:09 -
Briefly: TCU hold green-technology event (Fort Worth Star-Telegram)
TCU holds green-technology event today
2009-04-08 09:17:16 -
Danger of worsening recession drove Fed action (Washington Post)
WASHINGTON -- The Federal Reserve's decision last month to plow $1.2 trillion into the economy reflected growing concerns about a vicious economic cycle in which rising unemployment will curtail consumer spending, potentially into 2010.
2009-04-08 09:25:45 -
Australia Jobless Rate Jumps Most in 18 Years as Recession Hits (Bloomberg)
April 9 (Bloomberg) -- Australia’s unemployment rate jumped by the most in 18 years in March, adding to signs the nation is in its first recession in almost two decades.
2009-04-08 09:29:40 -
CHICAGO – If you have a credit score of 620 or less, you will not ... - Midwestbusiness.com
Watching the hype and listening to the politicians isn’t the same as talking to your real mortgage broker when it comes to refinancing a mortgage. With all the money floating around to different banks, it would appear that money is easily available ...
2009-04-08 06:01:00 -
FHA deal gives boost to Capital Health project - Charleston Daily Mail
TRENTON, N.J. (AP) - Capital Health of Trenton has received a big boost in its efforts to build a new hospital. The Federal Housing Administration announced Wednesday that it will insure a $756 million mortgage for Capital to build the 223-bed ...
2009-04-08 06:01:00 -
VIDEO from Medialink and Freddie Mac: How to Keep Your Home and Avoid ... - MSN MoneyCentral
NEW YORK , April 8 /PRNewswire/ -- Families fighting to avoid foreclosure or simply save money on their mortgage payments have a new ally: "Making Home Affordable." See video from Freddie Mac at: http://inr.mediaseed.tv/FreddieMac_36441/ "Making Home ...
2009-04-08 06:59:00 -
Housebuilders cheered by expectation of more loans - Times Online
With the housing market in the doldrums, one could be forgiven for thinking that any green shoots seen anywhere near a building site were the result of it becoming overgrown, rather than any sign of recovery. Yesterday, however, the embattled ...
2009-04-08 05:47:00 -
S&P cuts ratings of major U.S. mortgage insurers - Reuters
NEW YORK, April 8 (Reuters) - Standard & Poor's on Wednesday cut its ratings on major U.S. mortgage insurers, after increasing its estimate for losses the companies are expected to take from mortgage loans. "The downgrades reflect a significant ...
2009-04-08 06:23:00 -
Mortgage activity continues to rise - Phoenix Business Journal
Buoyed by low interest rates, home mortgage applications continued to rise last week, according to the Mortgage Bankers Association . The MBA’s weekly application index climbed 4.7 percent for the week ended April 3 to 1251, its highest rate since ...
2009-04-08 04:14:00