Mortgage and Financial News From 2008-3-13 Page 11

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  • Obama Announces Support for Plan to Address Housing Crisis

    Forbes - ... immediate relief, I am proud to join with Chris Dodd - the Chairman of the Senate Banking Committee - to introduce legislation creating a new FHA Housing Security Program, which will provide meaningful incentives for lenders to buy or refinance ...
    2008-03-13 02:20:00

  • U.S. Home Defaults, Foreclosures Rise 60% in February (Update3)

    Bloomberg - March 13 (Bloomberg) -- U.S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling prices. More than 223,000 ...
    2008-03-13 11:06:00

  • US Sen. Dodd has mortgage rescue plans for FHA

    Reuters - The plan would have the largest federal housing program refinance loans on the brink of foreclosure. "Property values decline sharply when a home in the neighborhood is foreclosed upon.
    2008-03-13 02:12:00

  • Dodd, Frank Urge More U.S. Aid to Stem Foreclosures (Update3)

    Bloomberg - Dodd will introduce legislation to create an FHA program to refinance troubled mortgages with government insurance, with investors and lenders taking ``significant losses,'' according to a summary of the bill his office released today.
    2008-03-13 01:51:00

  • Key lawmakers seek wider FHA role in mortgages

    Reuters - Under legislation unveiled by the lawmakers, the FHA would be permitted to offer $300 billion more in new guarantees to help refinance distressed mortgages that banks and mortgage holders have agreed to significantly write down.
    2008-03-13 01:44:00

  • Key lawmakers seek wider FHA role in mortgages (Boston Globe)

    Two top lawmakers proposed on Tuesday giving the Federal Housing Administration (FHA) a bigger role in tackling the nation's worsening home mortgage and foreclosure crisis.
    2008-03-13 02:31:39

  • 2nd UPDATE: US Democratic Lawmakers Push New Housing Fixes (Nasdaq)

    WASHINGTON -(Dow Jones)- Two top Democrats unveiled a pair of housing proposals Thursday that represent one of the broadest efforts yet by lawmakers to address the ongoing foreclosure crisis.
    2008-03-13 02:33:12

  • Valhi Reports 2007 Results (PR Newswire via Yahoo! Finance)

    Valhi, Inc. reported a net loss of $14.2 million, or $.12 per diluted share, in the fourth quarter of 2007 as compared to net income of $80.5 million, or $.68 per diluted share, in the fourth quarter of 2006.
    2008-03-13 02:37:00

  • Fitch Affirms PPG Industries' IDR at 'A-'; Outlook to Stable (Business Wire via Yahoo! Finance)

    NEW YORK & CHICAGO----Fitch Ratings has affirmed its ratings on PPG Industries, Inc. as follows:
    2008-03-13 02:38:00

  • Carlyle Fund Expects Assets Will Be Seized (NYTimes.com via Yahoo! Finance)

    Shares of Carlyle Capital lost most of their value after discussions with banks to refinance the fund failed.
    2008-03-13 02:40:05

  • Sales, Dollar Plunge; Oil Soars (San Francisco Chronicle)

    Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything. Stocks kept gyrating, too, on Thursday, swinging between gloomy recession evidence and rising hopes that all the bad news would bring another aggressive...
    2008-03-13 02:41:34

  • Finance and Commerce is the must-read and must-use business resource. (Finance and Commerce)

    Independent. All business.
    2008-03-13 02:44:04

  • Gold soars as collapse frightens investors (Times Online)

    Panicking investors snapped up gold yesterday as the price rose to more than $1,000 per ounce for the first time amid escalating fears of the global credit crisis.
    2008-03-13 02:49:40

  • Introducing the Lexus phone

    BusinessWeek - ... the paper says the phones will use Bluetooth tech to help connect to Toyota’s “G-Link” car information ... Start Your Learning Today! Refinance & Save $1,000's! $150,000 mortgage for $483/month! Compare up to 4 FREE offers. All credit types accepted! ...
    2008-03-12 12:41:00

  • New economic forecast: No recession

    World Link - ... that emerged last year as home values began to tumble and the number of mortgage ... it harder for would-be homeowners to borrow money and for homeowners to refinance. ... Messages containing intentionally misleading or false information, defamatory content ...
    2008-03-12 06:00:00

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