Mortgage and Financial News From 2008-2-12 Page 61

RSS Feed

Previous Day: 2008-02-11

Return to the mortgage news archive home.

  • Fed auctions $30 billion more to combat severe credit crisis (Detroit Free Press)

    WASHINGTON — The Federal Reserve, seeking to combat the effects of a serious credit crisis, said today it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.010%.
    2008-02-12 08:02:30
  • Brazil's Real Rises on U.S. Banks' Plan to Reduce Foreclosures (Bloomberg.com)

    Feb. 12 (Bloomberg) -- Brazil's real rose a second straight day on speculation a plan by U.S. banks to reduce mortgage defaults will help the world's largest economy and maintain demand for high-yielding emerging-market assets.
    2008-02-12 08:03:38
  • U.K. stocks rebound, led by banks, oil producers (Market Watch)

    London shares were lifted by gains from oil and gas producers on Tuesday, with BP and Royal Dutch Shell shares strengthening as oil prices stayed near recent highs, and as consumer inflation rose at a slower pace than expected in January.
    2008-02-12 08:06:45
  • U.S. stocks lifted by Buffett offer; Dow up more than 200 pts. (MarketWatch via Yahoo! Finance)

    U.S. stocks go into rally mode with investors drawing a psychological lift from billionaire investor Warren Buffett’s proposed buyout of bond insurers’ liabilities and another round of cost-cutting by auto giant General Motors.
    2008-02-12 08:08:00
  • Clark and Key draw battlelines (Stuff)

    Battlelines were drawn on the opening day of Parliament as Helen Clark and John Key squared off for a likely November election.
    2008-02-12 08:09:47
  • Feds, lenders to offer broader plan to help with foreclosures (Sports Illustrated)

    The Bush administration will announce an expanded plan Tuesday for lenders to help homeowners by temporarily suspending foreclosures for people facing the imminent loss of a home, a source familiar with the plan said Monday.
    2008-02-12 08:09:57
  • Lenders offer broader mortgage plan to borrowers of all loans (WABC-TV New York)

    At-risk borrowers with all types of mortgages, not just high-cost subprime loans, could be eligible for help.
    2008-02-12 08:10:26
  • Nation's lenders offer broader mortgage plan (Post-Bulletin)

    WASHINGTON -- At-risk borrowers with all types of mortgages, not just high-cost subprime loans, could be eligible for help under a new plan involving six big home lenders. The plan, called Project Lifeline, will be a
    2008-02-12 08:12:37
  • Feds to unveil new mortgage-help plan (WTHR Indianapolis)

    At-risk borrowers with all types of mortgages, not just high-cost subprime loans, could be eligible for help under a new plan involving six big home lenders.
    2008-02-12 08:15:57
  • Morgtage lenders, administration announce new anti-foreclosure plan (Sharewatch)

    WASHINGTON (Thomson Financial) - Six of the biggest US mortgage lenders have announced another anti-foreclosure plan in cooperation with Bush administration officials.
    2008-02-12 08:18:50
  • Hong Kong shares rebound 1.35%

    Xinhua News Agency - The announcement raised fresh worries more large U.S. companies are affected by the subprime-mortgage related fallout. All the four major categories gained ground. The Commerce & Industry added most at 1.76 percent, followed by the Properties ...
    2008-02-12 04:51:00
  • Sofa firm moves jobs to Lithuania

    BBC UK News - The firm works primarily for insurance companies including AXA, Co-operative Insurance Society, Zenith Insurance and Zurich and mortgage providers. Deputy First Minister Ieuan Wyn Jones said the expansion would provide a boost to financial and ...
    2008-02-12 07:21:00
  • Buffett Offers to Assume Muni Liabilities of Insurers (Update2)

    Bloomberg - The three companies are struggling to maintain their AAA ratings after writedowns on the value of mortgage guarantees. ``If you gave up your entire municipal business, that's the book of business where the value in the companies is right ...
    2008-02-12 06:17:00
  • Countrywide to work with homeowners

    Lansing State Journal - The number of foreclosures has skyrocketed in recent years, leading to tightened credit requirements for borrowers, several bankruptcies among mortgage companies and other financial trouble nationwide. "Countrywide has agreed to take people's ...
    2008-02-12 12:55:00
  • SKorean shares close slightly higher after strong consumer data ...

    Forbes - ... Thomson Financial) - South Korean shares closed slightly higher on Tuesday, with the index giving back some of the solid gains made following the release of strong January data, as concerns over mortgage-related troubles at global financial companies ...
    2008-02-11 11:29:00