Mortgage and Financial News From 2008-3-3 Page 5

RSS Feed

Previous Day: 2008-03-02

Return to the mortgage news archive home.

  • The risks of a mortgage fix

    Chicago Tribune - The tax code, though, already gives preferential tax treatment to owners by allowing the deduction of mortgage interest and property taxes. The tax-credit idea would be good for the home-building industry -- it could raise home prices -- but bad ...
    2008-03-02 03:24:00
  • Keefe, Bruyette & Woods analyst trims price target on JPMorgan Chase

    CNBC - NEW YORK - A Keefe, Bruyette & Woods analyst cut her price target on JPMorgan Chase & Co. on Monday, saying the bank faces more costs for bad mortgage credit. Analyst Diane Merdian reduced her price target on JPMorgan to $45 from $48, but kept her ...
    2008-03-03 02:22:00
  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-03 07:44:08
  • Nikkei bounces off six-week low as Asian stocks climb (International Herald Tribune)

    Oil and the dollar are steady as markets in South Korea, Taiwan and Hong Kong gain ground, but Australian stocks falter on fears of another rate rise.
    2008-03-03 07:51:39
  • Treasurys Fall on Strong Retail Sales (WJLA-TV Washington D.C.)

    Treasury prices fell Wednesday after a new retail sales report showed an unexpected increase in consumer spending for January after the dismal holiday season.The Commerce Department said retail sales rose 0.3 percent last month, compared with a Thomson/IFR forecast for a drop of 0.3 percent.
    2008-03-03 08:12:23
  • Steve Rosenbaum: Obama's Long Tail Money (HuffingtonPost)

    There are all kinds of things about the candidacy of Barack Obama that are first. But the nature of Barack's money is perhaps the most significant and measurable difference that could have a long lasting impact on the Country. While...
    2008-03-03 08:15:22
  • Car Sales Slip Off the Road (BusinessWeek)

    U.S. automakers expect 2008 sales to be the lowest since 1998. Even Toyota is losing ground with increasingly strapped U.S. consumers
    2008-03-03 08:37:48
  • HSBC Profit Up 10 Percent in 2007 (NYTimes.com via Yahoo! Finance)

    Buoyant growth in Hong Kong and elsewhere in Asia helped Europe’s biggest bank absorb $17.2 billion in bad debts as the U.S. housing crisis deepened.
    2008-03-03 08:40:44
  • Asia marts tumble on US recession worries (Gulf Times)

    TOKYO: Asian stocks plunged yesterday with Tokyo ending down almost 4.5%, battered by a slumping dollar and fears that the US economy is slipping into recession, dealers said.
    2008-03-03 08:42:04
  • SNP 'not fit to govern'

    Scotland on Sunday Online - SCOTLAND'S leading public finance expert has issued a savage attack on the SNP, accusing it of "lacking the fiscal competence necessary for governing", and describing its plans for tax cuts as "a nonsense". Professor Arthur Midwinter claims in a new ...
    2008-03-01 03:57:00
  • PM moves to ease housing stress

    Australian Broadcasting Corp. - ... the 2/3 of the population that own or are buying a house might be upset, but unless they are going to take out a reverse ... They will pay as much on mortgages if they buy, and that willingness is what would keep prices high even under your scheme.
    2008-03-02 11:12:00
  • Residential market's down low ? except up high

    Stockhouse Canada - Zachry has a sense that the 'optimism connected with this presidential election' will help reverse the housing doldrums. ... I've been to two very large servicers of mortgages, Countrywide and Fannie Mae, and I will tell you that Fannie Mae has a ...
    2008-03-02 09:22:00
  • SUBJECT: Jim Willie update. Always good reading. Posted By ...

    Stockhouse Canada - The prime adjustable mortgages will the Act II. Foreclosures in January rose by 90%, after a similar rise was seen last ... They must reverse. Price inflation will be permitted. Gold will soar to at least $1500 perhaps this year.
    2008-03-03 12:24:00
  • Harry Gross: Psst - here's the formula for SS inflation adjustment

    Philadelphia Daily News - Adjustable rate mortgages scare the hell out of me. My adviser says that they are not a concern because I can always refinance ... good part of his life paying for that house, and I want him to keep it as an asset of last resort either through a reverse ...
    2008-03-02 11:55:00
  • UPDATE: New Wave Of Margin Calls Hits Thornburg Mortgage

    CNN Money - If the company is unable to satisfy outstanding margin calls, any or all of its reverse repurchase agreement counterparties ... by the fallout in the mortgage market because it's specialized in two industry hot spots: adjustable-rate "jumbo" mortgages ...
    2008-03-03 07:48:00