Mortgage and Financial News From 2008-2-9 Page 53

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  • Brian J. O'Connor - DetNews.com

    Brian J. O'ConnorDetNews.com, MI - 31 minutes agoAny amount of home equity loans used for personal spending won't be exempt, but equity used for home improvements will be. Just to show how big the problem ...
    2008-02-09 12:44:23

  • Farmers should consider FSA's storage facility program - The Daily Advertiser

    Farmers should consider FSA's storage facility programThe Daily Advertiser, LA - 24 minutes agoLoans in excess of $50000 must be secured by a first mortgage on real estate. A minimum 15 percent down payment is required for these seven year loans. ...
    2008-02-09 12:51:22

  • Pain in Spain Is Savers' Gain as Banks Battle to Win Deposits - Bloomberg

    Pain in Spain Is Savers' Gain as Banks Battle to Win DepositsBloomberg - 22 minutes agoBank loans have risen to 173 percent of deposits from 122 percent a decade ago, according to a report from JPMorgan Chase & Co. ...
    2008-02-09 12:53:20

  • The ripple effect on banks of subprime crisis - Newsday

    The ripple effect on banks of subprime crisisNewsday, NY - 4 minutes ago... commercial real estate loans. Already this year, Bank of America agreed to buy struggling Countrywide Financial , the nation's biggest mortgage lender. ...
    2008-02-09 01:11:32

  • Taxing Times -- Feb. 8 (MENAFN)

    Taxing Times -- Feb. 8
    2008-02-09 12:28:25

  • Wachovia to stop accepting some home loans (Winston-Salem Journal)

    CHARLOTTE Wachovia Corp. said yesterday that it has stopped accepting some home loans made by mortgage brokers to people with less than prime credit. The change affects "expanded-approval" loans, spokesman Don Vecchiarello said. The mortgages go to borrowers regarded as better than subprime and lower than top grade. Wachovia, ranked seventh among U.S. home lenders last year, still will make the ...
    2008-02-09 12:29:26

  • G7 leaders vow cooperation to stabilize finance system (ABS-CBNNEWS.com)

    TOKYO - Finance leaders from the world's richest nations pledged on Saturday to work together to stabilize world financial markets shaken by the U.S. housing debacle that is puncturing global economic growth.
    2008-02-09 12:32:18

  • Mortgage lenders in hot seat (The News & Observer)

    The majority of homeowners facing foreclosure don't get help, study finds.
    2008-02-09 12:37:45

  • From Japan’s Slump in 1990s, Lessons for U.S. (NYTimes.com via Yahoo! Finance)

    A Japan-style quagmire, most economists say, is an outcome that can be avoided in the United States with sound economic policy.
    2008-02-09 12:38:59

  • Washington Mutual offers relief to borrowers (San Francisco Chronicle)

    Washington Mutual, the nation's biggest savings and loan and sixth-ranking mortgage lender, is ramping up its efforts to give relief to borrowers who can't make payments on home loans, the thrift's No. 2 executive said. In an interview this week, Stephen...
    2008-02-09 12:40:54

  • Pain in Spain Is Savers' Gain as Banks Battle to Win Deposits (Bloomberg.com)

    Feb. 8 (Bloomberg) -- Across the street from Madrid's Las Ventas bullfighting arena another battle is brewing. Posters in the window of the local branch of La Caixa, Spain's biggest savings bank, entice savers with accounts that pay 8 percent interest for the first month.
    2008-02-09 01:02:22

  • SEC may expand securities ratings (The Philadelphia Inquirer)

    The Securities and Exchange Commission may propose rules for how credit-rating companies evaluate securities that will be sold to investors, the agency's chairman said yesterday.
    2008-02-09 01:08:19

  • Euro Has Biggest Weekly Decline Since June 2006 Against Dollar

    Bloomberg - ... the European Central Bank to join the Federal Reserve in reducing interest rates ... benchmark from 1999 until August, when the collapse of the U.S. subprime- mortgage ... It was at 76.65 today, recovering from 74.484 on Nov. 23, the lowest since it ...
    2008-02-08 01:17:00

  • Credit crunch to top Japan talks

    BBC News - ... stock markets rattled by the rippling effect of the problems in the US mortgage market ... Monetary Fund cut its global economic growth forecast from 4.4% to 4.1%, the lowest ... as to whether the European Central Bank (ECB) is likely to reduce interest rates ...
    2008-02-08 07:51:00

  • Our savings plan needs a rewrite - Times Online

    Our savings plan needs a rewriteTimes Online, UK - 8 hours agoThe Machins live in a three-bedroom terraced loft conversion, worth £210000, on which they have a £174000 mortgage. Paul admits that he is probably not as ...
    2008-02-08 04:08:27

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