Mortgage and Financial News From 2008-4-5 Page 2
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analysis / Serious risks in $29 billion Bear Stearns bailout move (San Francisco Chronicle)
While the rest of the marketplace sees mortgage-backed securities as radioactive, Ben Bernanke doesn't - at least when taxpayers' money is at stake. That isn't a leftover April Fool's joke. The chairman of the Federal Reserve thinks the Fed's $29 billion...
2008-04-05 07:40:21 -
The Mortgage Bust Goes Global (NYTimes.com via Yahoo! Finance)
The consequences of millions of foreclosures across the U.S. are also being felt far overseas.
2008-04-05 07:40:29 -
Road Home subcontractors make hundreds of millions (New Orleans Times-Picayune)
While ICF International's expanding Road Home contract has led to high-profile inquiries and lots of hand-wringing, there are also three dozen subcontractors that have made hundreds of millions of dollars off the program.
2008-04-05 07:59:31 -
Big home lenders charging higher exit fees: ASIC (Australian Broadcasting Corporation)
A report by the Australian Securities and Investment Commission (ASIC), the corporate regulator, shows that Australia's biggest home lenders are charging higher exit fees on home loans than credit unions and building societies.
2008-04-05 08:10:13 -
ALL BUSINESS: A tale of two real estates (El Paso Times)
NEW YORK—Some on Wall Street are betting that commercial real estate will turn out to be the "next subprime" mortgage mess. Not necessarily. Sure, tightening credit and a slowing economy are leading retailers to close stores.
2008-04-05 08:16:59 -
Best Week for Nasdaq Since ’06 (NYTimes.com via Yahoo! Finance)
The Nasdaq was helped by a 3.5 percent rise in Google as investors saw value in its shares after a 32 percent sell-off since the beginning of the year.
2008-04-05 06:40:29 -
Tricky Task of Offering Aid to Homeowners (NYTimes.com via Yahoo! Finance)
Policy makers want any rescue effort to be flexible enough that if prices rebound, the government can recoup its costs.
2008-04-05 06:40:30 -
Treasury bills mixed (El Paso Times)
WASHINGTON—Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills rising to the highest level in four weeks.
2008-04-05 06:43:57 -
Economy nearly stalled in 4th quarter (El Paso Times)
WASHINGTON—The economy nearly sputtered out at the end of the year and probably is faring even worse now amid continuing housing, credit and financial woes.
2008-04-05 06:44:27 -
What the Fed Won't Say (Washington Post)
It will be a quiet week for economic data, but after Friday's lousy employment report, it may be nice to have a breather. On Tuesday, the Fed will release minutes of its March 18 meeting, when it cut the interest rate it controls by three-quarters of a point. Expect a document that indicates exte...
2008-04-05 06:44:43 -
Let's Do The Merengue (The Marshall News Messenger)
It is the hottest party around, becoming the buzz in schools and even dentist offices.
2008-04-05 06:57:06 -
Surplus sales boost housing market (Minneapolis-St. Paul Star Tribune)
A lot has changed, from an oversupply of homes for sale to much greater scrutiny of buyers' incomes at the mortgage office. Here's what you need to know before you hit today's open houses.
2008-04-05 02:03:47 -
Economy upbeat, but inflation a genuine concern (Hindustan Times)
India Inc is set to hand out raises that should more than compensate for the record rise in prices over the past several months, reports Nandini R Iyer.
2008-04-05 12:27:22 -
Current Issue: (Daily Sundial)
Congressman Sherman sits for an interview at the Odyssey restaurant in Granada Hills. Brad Sherman is a self-proclaimed nerd.
2008-04-05 12:39:24 -
This bout of inflation was unexpected (Express India)
Finally, inflation has hit the roof at 7 per cent. Concerns are on a high as it has taken the economy hardly two months to be transformed...
2008-04-05 01:16:01