Mortgage and Financial News From 2008-2-15 Page 32

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  • Home sales at 13-year low -- 1 in 5 was in foreclosure

    Santa Rosa Press Democrat - ... willing to drop their price," said Andrew LePage, analyst for DataQuick Information ... Such financing falls below the $417,000 limit set by national mortgage companies ... Reducing the cost of loans to purchase and refinance homes is the aim of a measure ...
    2008-02-15 08:22:00

  • Emera Reports Record Earnings of $151.3 Million for 2007

    CNW Group - Forward Looking Information This news release contains forward looking information. Actual future results may differ ... The proceeds were used to refinance $100 million 8.38% medium-term notes that matured on that date. The weighted ...
    2008-02-15 10:17:00

  • Countrywide Says Loan Delinquencies Up

    AOL - ... fueled a spike in mortgage applications industrywide, particularly as homeowners look to refinance existing loans. Countrywide's mortgage ... The information contained in the AP news report may not be published, broadcast, rewritten or otherwise ...
    2008-02-15 11:00:00

  • Bush Finally Found a Good `Ad Man' in Paulson: Caroline Baum - Bloomberg

    Bush Finally Found a Good `Ad Man' in Paulson: Caroline BaumBloomberg - 13 hours agoTo the extent the government's public information campaign is encouraging homeowners to seek counseling to assess possible mortgage workout options, ...
    2008-02-14 09:29:31

  • We must toughen rules on disclosure - This is Money

    We must toughen rules on disclosureThis is Money, UK - 9 hours agoThat should make it interesting when they try to refinance. Bradford & Bingley this week was the first bank to report its full results for last year and ...
    2008-02-15 02:07:01

  • Countrywide Reports January 2008 Operational Results - PR Newswire (press release)

    Countrywide Reports January 2008 Operational ResultsPR Newswire (press release), NY - 5 hours agoNon-purchase fundings include first trust deed refinance loans, home equity refinance loans, and stand-alone home equity loans. (4) Includes loans held for ...
    2008-02-15 06:01:52

  • Delinquencies rise at Countrywide - Forbes

    Delinquencies rise at CountrywideForbes, NY - 39 minutes agoInterest rates have been falling this year, and that's fueled a spike in mortgage applications industrywide, particularly as homeowners look to refinance ...
    2008-02-15 10:46:52

  • House OKs bill on foreclosure - Coos Bay World

    House OKs bill on foreclosureCoos Bay World, OR - 4 minutes agoThe problem comes when the initial rate on the mortgage jumps to a higher percentage, he said, but by then, some people have already refinanced into a more ...
    2008-02-15 11:21:39

  • CMPS Institute Responds to Passage of Economic Stimulus Package (PRWeb via Yahoo! News)

    Understanding the Higher Loan Limits
    2008-02-14 11:00:00

  • Mortgages Get More Costly As Fed Cuts Interest Rates (The New York Sun)

    Since the Federal Reserve chairman initiated a series of aggressive interest rate cuts last month, it has actually gotten more expensive for buyers to take out mortgages. The reason is that investors are increasingly fearing inflation and are driving up the yield on the 10-year Treasury, off of which most residential mortgage rates are priced. In fact, the yield on the 10-year note topped 3.8% ...
    2008-02-14 11:12:46

  • Countrywide Reports January 2008 Operational Results (PR Newswire via Yahoo! Finance)

    Countrywide Financial Corporation released operational data for the month ended January 31, 2008.
    2008-02-15 05:00:00

  • Bay Area home sales fall to 20-year-low (San Francisco Chronicle)

    The Bay Area housing crisis is worsening on all counts, as the lack of credit and growing economic uncertainty extinguished hope for a quick turnaround in the new year. January data show regional home sales dropping to a 20-year low and the median price...
    2008-02-15 07:46:01

  • Municipalities Feel Pinch as Another Debt Market Falters

    New York Times - On Thursday, financial stocks led the market down and bond investors drove up mortgage rates. At the top of investors’ list of worries are the bond insurers MBIA and the Ambac Financial Group , longtime linchpins of the capital markets. Many fear the ...
    2008-02-15 07:18:00

  • US mortgage applications drop as rates rise - MBA

    Reuters - NEW YORK, Feb 13 (Reuters) - U.S. demand for applications to purchase and refinance homes declined last week from the highest level in nearly four years as mortgage rates rose, an industry group said on Wednesday. The Mortgage Bankers Association's ...
    2008-02-13 04:00:00

  • US 30-year mortgage rates rise in latest week

    Reuters - WASHINGTON, Feb 14 (Reuters) - Interest rates on U.S. 30-year mortgages rose slightly in the latest week, according to a weekly survey released by Freddie Mac (FRE.N: Quote , Profile , Research ) on Thursday. U.S. 30-year mortgage rates averaged 5.72 ...
    2008-02-14 08:23:00

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