Mortgage and Financial News From 2008-3-13 Page 4

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  • Economy Hammered by Toxic Blend of Ailments

    New York Times - Mortgage rates are rising, the dollar is falling and prices of key commodities like oil are leaping from one record high to ... major currencies; the price of an ounce of gold jumped above $1,000 for the first time; and lenders raised home loan rates ...
    2008-03-13 09:58:00

  • Retail sales and the dollar plunge while oil prices surge anew (The Standard-Times)

    WASHINGTON — Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything.
    2008-03-13 10:23:34

  • Borrowers Finding What Citi, Prudential Say Isn't What They Do

    Bloomberg - Robert Langley of Lexington, Kentucky-based Langley Properties paid Prudential Mortgage $1.14 million in June to lock interest rates of ... Wimmer said a mortgage broker got them new home loans at about 5.83 percent.
    2008-03-13 09:08:00

  • Mortgage rates increase for fourth time in five weeks

    Times-Republican - Frank Nothaft, chief economist for Freddie Mac, said the combination of reasonable mortgage rates and falling home prices were making homes more affordable.
    2008-03-13 09:00:00

  • Mortgage stress hits rich

    News.com.au - Calculator : Compare home loan rates In-depth : The latest interest rate news and features More personal finance news in our Money section AUSTRALIA'S mortgage crisis is deepening and for the first time threatening to produce "affluent stress ...
    2008-03-13 09:29:00

  • Waking Up to the Recession (BusinessWeek)

    As the economy teeters between bad and worse, one question looms: What's the best course of action? Here's what can be done
    2008-03-13 09:43:16

  • REALTY Q&A: Will Converting My ARM Ding My Credit Score? (Nasdaq)

    WASHINGTON (Dow Jones) -- Question: Would my credit score be hurt if I accept my lender's offer to convert my adjustable-rate mortgage to a fixed-rate loan? I'm a prime borrower who can afford the payments after the interest reset without any hardship, and I'm current on my payments.
    2008-03-13 09:54:01

  • Dollar Squeezed From All Sides (Washington Post)

    Ordinarily, it only takes one major setback to drive down the value of the dollar: huge trade and current account deficits, falling Federal Reserve interest rates, rising U.S. inflation or a loss of confidence in the U.S. economy.
    2008-03-13 10:17:27

  • Tougher Rules Urged For Mortgage Lenders (CBS 2 Los Angeles)

    Economic policymakers on Thursday recommended stricter regulation of mortgage lenders as part of a broad effort to prevent a repeat of a credit crisis threatening to drive the country into recession.
    2008-03-13 10:14:19

  • Banks Remain Top Home Sellers in Local Market (The Memphis Daily News)

    The list of Shelby County's top residential sellers for February was once again highlighted by banks and trust companies - not homebuilders - exten....
    2008-03-13 10:16:18

  • Retail sales post worse-than-expected showing in February, raising more recession worries (The Times of Northwest Indiana)

    WASHINGTON | Consumers, battered by plunging home prices and a credit crunch, stayed away from the malls in February, pushing retail sales down by a larger-than-expected amount. It was another worrisome sign that the country could be falling into a recession.
    2008-03-13 10:18:05

  • Mortgage rates increase for fourth time in past 5 weeks (The Times of Northwest Indiana)

    WASHINGTON | Rates on 30-year mortgages increased this week for the fourth time in the past five weeks.
    2008-03-13 10:18:40

  • National And International Report / 5 ex-National Century execs convicted in $1.9B fraud (Pioneer Press)

    A federal jury on Thursday convicted five former executives of a health care company in a $1.9 billion scheme to defraud investors. The officials worked for National Century Financial Enterprises, described as the nation's largest health care financing firm before its 2002 bankruptcy.
    2008-03-13 10:21:38

  • Minnesota 10th in U.S. for mortgage fraud (Pioneer Press)

    Minnesota ranks 10th in the country for reported mortgage fraud, down from its No. 5 spot a year earlier but high enough to indicate the problem remains coast to coast even as loan-making slows.
    2008-03-13 10:22:38

  • Retail sales drop rings recession alarms (Pioneer Press)

    WASHINGTON — Oil hit a record high, the dollar sank again and consumers stopped buying pretty much everything.
    2008-03-13 10:23:40

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