Mortgage and Financial News From 2008-6-24 Page 6
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Viewpoint: Squeeze, crunch, crisis - next stop crash (Guardian Unlimited)
Julia Finch: Markets have moved on to worrying about other things - like oil - and house prices and sub-prime suddenly sound so last year
2008-06-24 04:30:43 -
SEE ALL OF TODAY'S STORIES » - Cleveland Plain Dealer
The Internal Revenue Service, citing the drain that high gas prices are having on people's finances, is raising the automobile mileage rate that businesses and others can claim. The tax agency said the optional standard rate to calculate deductible ...
2008-06-24 03:49:00 -
Price tag in mortgage crisis is looking like real money - Fort Lauderdale Sun-Sentinel
The mortgage meltdown is taking a rising toll on the broader economy, increasing pressure on the Federal Reserve to slash interest rates for a third time next month in hopes of averting a recession. Homeowners will see their property values sink by ...
2008-06-24 03:06:00 -
BlackRock sees value in commercial, home mortgages - Reuters
NEW YORK (Reuters) - Declines in residential and commercial mortgage-backed securities since last year have created some of the best buying opportunities for fixed-income money managers in history, the president of the largest publicly traded U.S ...
2008-06-24 11:27:00 -
Continued Housing Market Slump Blamed On Freddie Mac, Fannie Mae ... - All Headline News
Washington, D.C. (AHN) - The mortgage crisis in the U.S. continues because top mortgage firms Fannie Mae and Freddie Mac are purchasing their own mortgage-backed securities instead of buying first-time jumbo loans. According to filings filed by the ...
2008-06-24 08:35:00 -
UPDATE:Wachovia Hires Goldman To Analyze Its Loan Portfolios - CNN Money
NEW YORK -(Dow Jones)- Wachovia Corp.'s (WB) acknowledgment that it has hired investment bank Goldman Sachs Group Inc. (GS) to study its troubled portfolios of mortgages means the Charlotte , N.C., bank is likely gauging the market value of those ...
2008-06-24 11:56:00 -
Fitch Downgrades 3 Classes of GMAC Commercial Mortgage Securities 2001 ... - Forbes
Fitch Ratings has downgraded three classes of GMAC Commercial Mortgage Securities, Inc.'s mortgage pass-through certificates, series 2001-C1, as follows: --$13 million class L to 'B' from 'B+'; --$4.3 million class M to 'CCC/DR1' from 'B-'; --$4.3 ...
2008-06-24 11:13:00 -
British mortgage lender center of tug of war - International Herald Tribune
LONDON : Bradford & Bingley shares rose sharply Tuesday with two camps wrestling for control over a significant stake in the company, the biggest British mortgage lender that specializes in buying to rent. Bradford & Bingley shares rose 11.25 pence ...
2008-06-24 10:51:00 -
Fannie, Freddie Fail to Relieve Jumbo Loan Pressure (Update1) - Bloomberg
June 24 (Bloomberg) -- Three months after Fannie Mae and Freddie Mac won the freedom to step up home-loan purchases, the government-chartered mortgage-finance companies are doing what critics in the Federal Reserve and Congress had predicted. Instead ...
2008-06-24 12:17:00 -
Lowballing 2008 - Boston Globe
While I am waiting to hear from y’all about your experiences with multiple offers , I want to turn my attention to the other side of this market. Today, we will discuss the tired, overpriced and/or ugly stuff that is sitting on the market begging ...
2008-06-22 05:56:00 -
On Background - Hartford Courant
The housing bill that has been Sen. Chris Dodd's primary focus in the Senate since his return from the presidential campaign trail has passed the Senate with an overwhelming vote this morning -- a commanding lead that would be able to overcome ...
2008-06-24 09:04:00 -
Community seeks solutions to housing mess - MSNBC
POUGHKEEPSIE, N.Y. - In 2005, when Denise Bolds was looking to refinance her 4-bedroom Victorian home on the south side of this city located in New York's Hudson Valley, she was intrigued by a mailing that said she'd been "pre-selected" for a loan ...
2008-06-22 05:56:00 -
Mortgage-Securities Revival Proves Elusive - Wall Street Journal
The investors being counted on to revive the mortgage market are getting off to a difficult start. In recent months, a number of hedge funds have been dabbling in down-and-out securities linked to the fate of U.S. homeowners, including bonds backed ...
2008-06-22 05:56:00 -
Housing rescue plan passes key Senate test - Miami Herald
Sen. Sherrod Brown, D-Ohio, left, accompanied by Sen. John Kerry, D-Mass., gestures during a news conference on Capitol Hill in Washington, Tuesday, June 24, 2008, regarding the housing and mortgage crisis on Capitol Hill in Washington. WASHINGTON ...
2008-06-24 01:15:00 -
Fitch Rates Old Bridge, New Jersey GOs 'AA-'; Outlook Stable - PR Inside
- Fitch Ratings assigns Old Bridge Township, NJ's $19.1 million general obligation (GO) bonds, series 2008 an 'AA-' rating. The bonds are scheduled to sell competitively on June 25 and will mature serially July 1, 2009-2017. The bond proceeds will be ...
2008-06-24 11:49:00