Mortgage and Financial News From 2008-5-9 Page 6
Previous Day: 2008-05-08
Return to the mortgage news archive home.
-
Tom Price and Barney Frank go at it over home mortgage bill, Bear ... - Atlanta Journal Constitution
On Thursday, the U.S. House defied threats of a veto from President Bush and 266-154 to pass a massive, homeowner rescue plan to provide cheaper, government-backed mortgages. Thirty-nine Republicans voted with the majority. U.S. Rep. Tom Price (R ...
2008-05-09 05:48:00 -
Mortgage firm Fannie prices $4.5 bln of securities - Reuters
NEW YORK (Reuters) - Fannie Mae (FNM.N: Quote , Profile , Research ) priced $4.5 billion of securities on Thursday to shore up the balance sheet of the biggest provider of financing for U.S. home loans as it grapples with the worst housing slump in ...
2008-05-09 12:12:00 -
UPDATE 2-U.S. House passes major housing rescue bill - Reuters
WASHINGTON, May 8 (Reuters) - The U.S. House of Representatives on Thursday approved legislation to create a $300 billion mortgage-insurance fund and provide billions more in homeowner aid to stabilize a housing market shaken by a wave of ...
2008-05-08 05:09:00 -
House Approves Housing Bills, Includes Propping Up $300 Billion in ... - FOX News
President Bush says he'll veto the bill. It passed 266-154 with support from 39 Republicans. The measure would let debt-ridden homeowners refinance into fixed-rate, government-backed mortgages they could afford. Congressional analysts say it could ...
2008-05-08 03:51:00 -
Credit crisis hits Ikea home sales - Financial Times
The sharp slowdown in mortgage lending has hit sales of BoKloks, the Ikea “flat-pack” homes targeted at first-time buyers on modest incomes. The first UK development of BoKloks, prefabricated housing pioneered by Swedish retailer Ikea and ...
2008-05-08 06:35:00 -
Mortgage guarantee bill pressures House Republicans - Los Angeles Times
WASHINGTON -- Rep. Gary G. Miller of Diamond Bar has long been a stalwart Republican, voting the party line 96% of the time last year. But the conservative lawmaker on Thursday found himself bucking his president and GOP leaders by joining the House ...
2008-05-08 07:11:00 -
Toiling for Tomorrow - East African Standard
Joyce Wanja is not leaving anything to chance. At 32, a manager at a debt collection agency, Wanja proscribes to the lifestyle of a smart investor. "I have been thinking about investing for a long time, but in investment you don’t just jump in ...
2008-05-04 05:57:00 -
Freddie Mac: Fixed-rate mortgages largely flat - Marketwatch
NEW YORK (MarketWatch) -- U.S. fixed-rate mortgages remained largely unchanged in the latest week, according to Freddie Mac's survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.05% in the ...
2008-05-08 07:15:00 -
UK Government To Help Homeowners At Risk Of Repossession - FXStreet.com
LONDON -(Dow Jones)- The U.K. government announced a series of measures Friday to help the growing number of indebted homeowners threatened with repossession. The U.K's housing ministry released a statement Friday outlining the details of the package ...
2008-05-09 02:21:00 -
Forex - Pound briefly strengthens after BoE keeps interest rates on ... - FXStreet.com
LONDON (Thomson Financial) - The pound briefly strengthened after the Bank of England decided to keep its key Bank Rate on hold at 5.00 percent. The decision was expected, but financial markets had priced in a small probability that the nine-member ...
2008-05-08 04:23:00 -
Shinsei cuts forecast for fourth time - Financial Times
Shinsei Bank has revised its group earnings forecast for the fourth time, reflecting the volatility of its businesses and deterioration in the overall market environment. Shinsei, 32.6 per cent owned by a group of investors led by JC Flowers, the US ...
2008-05-08 09:53:00 -
Bank of England holds rates at 5% - Financial Times
The Bank of England’s monetary policy committee left interest rates unchanged at 5 per cent on Thursday, suggesting it does not yet think the UK economy has slowed enough to bring inflation back to target in the medium term. The Bank had been ...
2008-05-08 03:55:00 -
Why inflation is not the big problem - CNN Money
(Fortune) -- Suddenly inflation is the word on everyone's lips. But as much as they might like to, policymakers cannot forget about a bigger problem - the lingering effects of the credit crunch. With food and energy prices soaring, central bankers on ...
2008-05-09 12:47:00 -
A/S Dampskibsselskabet TORM : The 2008 Profit Forecast - as Upgraded ... - MSN MoneyCentral
- The profit for the first quarter of 2008 was USD 52.1 million before tax and USD 52.2 million after tax. The profit is in line with expectations and satisfactory. - The cash flow from operating activities was USD 63.7 million in the first quarter ...
2008-05-09 03:54:00 -
Housing values in North Texas are slow to rise, slow to fall - Dallas Morning News
If home prices fall 5 percent, 10 percent or even 15 percent in the current downturn – and that's not likely – most North Texans will still have plenty of equity in their houses. Unless you've recently bought or are planning to sell, all the fuss ...
2008-05-09 12:40:00