Mortgage and Financial News From 2008-1-31 Page 14

RSS Feed

Previous Day: 2008-01-30

Return to the mortgage news archive home.

  • Bond Insurers Seen At Risk (Hartford Courant)

    Downgrade Could Hurt Homeowners As bad news about the financial system piles up, trust — the pillar of investing — is being buried.
    2008-01-31 07:38:18
  • Orix Considers Share Buybacks, Lifting Dividend, President Says (Bloomberg.com)

    Feb. 1 (Bloomberg) -- Orix Corp., which lost half its market value in the past year, is considering additional share buybacks and increasing its dividend to bolster its stock.
    2008-01-31 07:38:24
  • BIG BUSINESS: MBIA posts 4Q loss of $2.3 billion on derivatives write-down, growing loss reserves (The Journal-Standard)

    NEW YORK (AP) - MBIA Inc. reported write-downs of $3.5 billion on souring credit markets Thursday, exacerbating concerns that rising costs could squeeze local governments as well as slow any recovery for big banks.
    2008-01-31 07:45:25
  • Senate defeats bill to aid troubled homeowners, neighborhoods (North County Times)

    SACRAMENTO -- The state Senate has defeated a bill aimed at the growing problem of foreclosed homes sitting vacant for months, drawing squatters and blighting neighborhoods.
    2008-01-31 07:47:11
  • Credit River Township man sentenced in fraud scheme (Minneapolis-St. Paul Star Tribune)

    He and three others obtained millions in fraudulent loans. For his part, Ronald Joseph was sentenced to 63 months in prison, the minimum recommended.
    2008-01-31 07:54:05
  • HDFC cuts floating home loan rates by 0.25% (rediff.com)

    Reduces PLR by 25 bps to 13.75% for existing borrowers.
    2008-01-31 07:56:04
  • U.S. Stocks Rise, Trimming January Decline; MBIA Shares Climb

    Bloomberg - ... point gain after Deutsche Bank AG said shoppers will spend more as interest rates ... ratio on the S&P 500 Financials Index declined this month to 10.4, the lowest since ... 70 percent decline last year spurred by the declining value of its home mortgage unit ...
    2008-01-31 03:14:00
  • Tough Times Helps Pawn Shops Prosper (News10 Sacramento)

    Hard economic times are boosting business at pawn shops. The owner of a Sacramento pawn shop says he's seeing more people pawning their goods to save their homes from foreclosure.
    2008-01-31 07:59:27
  • House prices drop for the third month running

    Times Online - ... month in January, strengthening the pressure on the Bank of England to cut interest rates next week ... prices would usually entice buyers, the Bank of England said on Wednesday that the number of mortgage approvals for home purchasers fell to its lowest ...
    2008-01-31 01:48:00
  • U.S. Treasuries Have Best January in 20 Years on Recession Risk

    Bloomberg - ... jobless claims bolstered speculation the Federal Reserve will cut interest rates ... bill yields fell 20 basis points today to 1.94 percent, touching the lowest since ... quarterly loss, its biggest ever, after a slump in the value of subprime-mortgage ...
    2008-01-31 01:55:00
  • Buyers scarce as house prices fall for third month in a row

    Guardian Unlimited - ... third month in a row this month, dragging the annual rate of increase to its lowest ... Bank of England data on Wednesday showed there were fewer mortgage approvals in ... The Bank of England is widely expected to cut interest rates again next week in ...
    2008-01-31 06:20:00
  • Mortgage Rates Reach 4-Year Low

    WKRN - With mortgage rates at their lowest levels in four years, many people are rushing to refinance or purchase a home. Mortgage rates fell Thursday, in the wake of another federal rate cut, but not necessarily because of it. “People automatically think ...
    2008-01-31 02:59:00
  • U.S. mortgage rates reverse course and rise

    Marketwatch - The movement in fixed mortgage rates was broadly consistent with the movements of Treasury bonds over the week ... 10:39 AM 1/3/08 U.S. mortgage rates fall to lowest level in 4 weeks - by Amy Hoak 10:47 AM 12/27/07 U.S. mortgage rates take a holiday-week ...
    2008-01-31 03:57:00
  • Canadian dollar drops below parity on weak economic news and ... - 570 News

    Canadian dollar drops below parity on weak economic news and ...570 News, Canada - 4 hours agoOutput from the depressed Canadian manufacturing sector decreased 0.3 per cent in November, reaching its second-lowest level since the beginning of 2007. ...
    2008-01-31 03:43:02
  • Bank of England poised to reduce cost of borrowing - The Herald

    Bank of England poised to reduce cost of borrowingThe Herald, UK - 3 hours agoAlthough the 76% of financial companies reporting they were "optimistic" or "very optimistic" was the lowest since 2003, it was still high and an ...
    2008-01-31 04:02:37