Mortgage and Financial News From 2008-1-1 Page 35

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  • Mortgage defaults hit record, data show (Tacoma News Tribune)

    Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group.
    2008-01-01 01:24:29

  • Mortgage insurers see defaults hit a new high (San Jose Mercury News)

    WASHINGTON (AP) - Mortgage insurers saw defaults rise to a new monthly record in November, according to data from an industry trade group.
    2008-01-01 01:57:15

  • Survey: New year will hammer homebuilders, mortgage lenders (Sacramento Business Journal)

    The housing crisis fuels the top three industries predicted to be distressed in 2008, according to a new survey.
    2007-12-31 02:25:46

  • Group Urges Developers, Lenders to Transfer Housing to Returning Soldiers (Multi-Housing News)

    San Antonio, Texas— Operation Homefront is calling on developers, as well as mortgage lenders, to help sell housing to wounded soldiers returning home.
    2007-12-31 10:20:26

  • City confronts mortgage crisis (The Trenton Times)

    TRENTON -- Mayor Douglas H. Palmer will announce next week the formation of a coalition of nonprofits, faith-based organizations and mortgage lenders to assist city homeowners hit hard by the subprime mortgage crisis.
    2007-12-31 09:14:17

  • US November existing home sales rise 0.4 pct to 5.00 mln annual rate ...

    Forbes - In particular, he said that the Federal Reserve should make a one-time interest rate cut of preferably three-quarters of a point rather than the more gradual quarter point cuts they've made during their last two meetings. He also suggested expanding ...
    2007-12-31 09:17:00

  • Wall Street Wraps Up '07 in Somber Mood

    Baltimore Sun - In August and September the Federal Reserve began to act, with interest rate cuts and injections of liquidity. It helped for a while, and in October, stocks were rallying again taking the Dow to another set of record highs -- only to succumb again to ...
    2008-01-01 12:19:00

  • Stock Market Shows Resilience In a Year of Economic Turmoil

    Washington Post - The stock rally, analysts said at the time, was in part prompted by a lack of investing opportunities elsewhere; a low-interest-rate environment had diminished returns for money markets, bonds and other non-stock investments, and a global financial ...
    2007-12-31 09:20:00

  • Market performance in '08 likely to mirror '07

    Boston Globe - ... by the Securities Industry and Financial Markets As sociation recently predicted the US economy would grow a relatively slow 2.1 percent in 2008 as whole, but will pick up steam toward the end of the year as inflation pressures ease and interest rate ...
    2007-12-31 09:56:00

  • Major banks raise rates due to credit crunch

    News.com.au - The interest rate on BankSA cards was raised by 25 basis points to between 13.5per cent and 17.25 per cent. The major banks have yet to raise their standard variable mortgage rates because of political pressure during the election campaign. They are ...
    2007-12-31 07:54:00

  • Cyprus, Malta celebrate euro adoption

    Xinhua News Agency - ... after fulfilling criteria laid down in the 1992 Maastricht Treaty, which focus on the achievement of a "high degree of sustainable convergence" in such fields as inflation, fiscal deficit, public debt, exchange rate stability, long-term interest rate ...
    2008-01-01 12:12:00

  • No celebration over housing uptick

    Seattle Times - To help bolster the economy, the Federal Reserve has sliced a key interest rate three times this year. Many economists predict another cut at the Fed's meeting in late January. Yun said he preferred to see the Fed make one big rate reduction at that ...
    2007-12-31 11:57:00

  • Stock prices plunge in state

    Detroit Free Press - Sowerby expects 2008 to be a better year for Michigan stocks when additional interest rate cuts by the Federal Reserve start to help consumers and the financial sector. But the first quarter could be rough. "We are entering the year limping along," he ...
    2007-12-31 11:57:00

  • Aussie dollar to top US90c

    News.com.au - Along the way, it slipped to US76.76c in August as global credit market panic sparked a sell-off in high interest rate currencies like the Australian and New Zealand dollars. Macquarie Group associate director of foreign exchange Joanne Masters said ...
    2007-12-31 11:50:00

  • Business borrowing defies rate hikes

    News.com.au - THE white-hot infrastructure investment boom is showing no signs of slowing, with business borrowing growing at its fastest pace in 20 years. The odds of an interest rate rise in February remain firm, as Australian consumers and business show no ill ...
    2007-12-31 06:28:00

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