Mortgage and Financial News From 2008-2-26 Page 9

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  • Reports Reflect Bleak Housing Picture (WJLA-TV Washington D.C.)

    House prices may still have a long way to fall.Across much of the nation, home values are dropping — even those backed by solid mortgages — and banks are repossessing more every day.
    2008-02-26 02:12:02

  • Housing Prices May Still Have Long Way To Fall (CBS 2 Los Angeles)

    Across much of the nation, home values are dropping -- even those backed by solid mortgages -- and banks are repossessing more every day. Most experts say the dive won't hit bottom for another year and only after excess inventory is sharply reduced and credit markets improve.
    2008-02-26 02:14:35

  • (AFX UK Focus) 2008-02-26 21:46 GMT: Reports reflect bleak housing picture (Interactive Investor)

    NEW YORK (AP) - House prices may still have a long way to fall.
    2008-02-26 02:26:32

  • Gurus Think It Is a Great Time to Buy, Do You? (Guru Focus)

    The recent stock market decline certainly hurt a lot of investors, including some of our Gurus. But historically the best time to buy stocks is when many people are in fear. This is the review of what Gurus think about the current stock mark and opportunities.
    2008-02-26 02:28:31

  • Reuters Business Summary (Reuters via Yahoo! Malaysia News)

    Weak confidence, PPI jump stoke U.S. stagflation fear
    2008-02-26 02:51:07

  • House mulls $15B mortgage bailout (CNN Money)

    In a plan to boost the housing market, the government could purchase up to 1 million mortgages over a period of five years to help borrowers avoid foreclosure.
    2008-02-26 03:54:28

  • Prudential adds £2.7bn to value of with-profits policies (The Herald)

    Life insurer Prudential said yesterday £2.7bn was added to policy values in 2007 despite turmoil in global financial markets.
    2008-02-26 04:05:47

  • House Discusses $15 Billion Mortgage Bailout (NBC 5 Chicago)

    Investors could sell up to $15 billion of troubled mortgages to the government under a plan key House members are discussing to bolster the U.S. housing market.
    2008-02-26 04:11:45

  • House prices fall for fifth month

    This is Money - But he added the trend could reverse following cuts in interest rates: 'A small if growing number of buyers appear ready to ... Mortgages have been too cheap for too long and now we are see ing the opposite: loans are harder to come by and more expensive
    2008-02-25 03:38:00

  • Who is Blowing Bubbles in the Commodity Markets?

    Safe Haven - Nearly 8.8 million US homeowners hold mortgages that are larger than the value of their homes, providing an incentive to ... take comfort that the printing press can assert itself, and sufficient injections of money will ultimately always reverse ...
    2008-02-26 12:20:00

  • Here come more financiers' writedowns

    CNN Money - ... predicts "further writedowns to their carrying values of [collateralized debt obligations] related to sub-prime mortgages ... release read, "and that, in the absence of further credit impairment, the cumulative marks would be expected to reverse over ...
    2008-02-25 11:31:00

  • Shares rally on talk of rescue plan for Ambac

    International Herald Tribune - Investors have been spooked by the threat of credit downgrades raised by bond insurers' exposure to U.S. subprime mortgages. ... Reports of a bailout led U.S. stocks to reverse course and post a late-day rally last Friday.
    2008-02-25 12:28:00

  • TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 GMT

    CNN Money - ... growth outpaced export growth, government data released Tuesday show. 2008-02-26 00:25:01 Citigroup lobbied on mortgages, loans ... rebounded in January on higher exports SINGAPORE (Thomson Financial) - Singapore's manufacturing output is expected to reverse ...
    2008-02-26 02:18:00

  • Fresh doubts arise over Fed tactics

    Financial Times - Policymakers now face a “reverse conundrum” – the opposite dilemma they faced in the 2004-05 period, when they raised ... The interest rate charged on 30-year fixed-rate mortgages has also risen sharply, from 5.49 per cent on January 21 to 6.09 per ...
    2008-02-26 01:24:00

  • Business Calendar

    Columbian - Reverse Mortgages: Learn about available programs from Mitch Lambley, reverse mortgage specialist, from 9-10:30 a.m. Thursday, March 6, at HomeStreet Bank, 2100 S.E. 164th Ave., Suite F103, Vancouver.
    2008-02-23 03:58:00

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