Mortgage and Financial News From 2008-1-25 Page 19

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  • "Lame Duck" Citizens and the Global Economy - PEJ News

    "Lame Duck" Citizens and the Global EconomyPEJ News, Canada - 9 minutes agoThe truth remains that The Federal Home Loan Bank system has injected $750bn into mortgage banks since the beginning of the crunch, $210bn in November alone ...
    2008-01-25 04:50:35

  • Elements of Bipartisan Economic Agreement Could Stimulate Small ... - Hawaii Reporter

    Elements of Bipartisan Economic Agreement Could Stimulate Small ...Hawaii Reporter, HI - 2 minutes agoThe increased loan limits will enable banks to sell higher dollar amount mortgage loans to the secondary market, leading to lower interest rates for many of ...
    2008-01-25 04:57:36

  • Ellen James Martin: Don't leave it to broker to determine how much house you can buy (San Antonio Express-News/KENS 5)

    According to conventional wisdom, mortgage lenders have tightened their spigots so much that even creditworthy borrowers trying to buy a home must struggle to get as big a loan as they deserve.
    2008-01-25 04:23:17

  • Bush Urges Congress To Pass Stimulus Bill (CBS 2 Los Angeles)

    President George W. Bush urged Congress on Friday to quickly pass an economic stimulus package void of extraneous spending, saying only quick action will kick start the sputtering U.S. economy.
    2008-01-25 04:27:44

  • UK Lawmakers Accuse FSA Of Systematic Failure Over N Rock (The Forex Market)

    LONDON -(Dow Jones)- The U.K.'s Financial Services Authority "systematically failed" to properly regulate mortgage lender Northern Rock PLC (NRK.LN), a much-anticipated report from the House of Commons' Treasury Committee said Saturday.
    2008-01-25 04:28:24

  • Candidates battle for the sun as voters feel the heat (Market Watch)

    ORLANDO, Fla. (MarketWatch) -- It's time for the candidates to reach for the sunshine.
    2008-01-25 04:32:08

  • Stimulus package: What's in, what's not (Merced Sun-Star)

    Congressional leaders have reached a deal with the White house on a bipartisan economic stimulus package that is expected to move swiftly through Congress and give most tax filers rebates of $600 to $1,200.
    2008-01-25 04:32:37

  • Billionaire friend of Prince Andrew sued (Daily Telegraph)

    Jeffrey Epstein, a billionaire friend of Prince Andrew, has been accused of preying on girls as young as 14 in a £25 million lawsuit filed by one of his alleged victims.
    2008-01-25 04:32:46

  • Workshop Offers Help For Subprime Sufferers (La Prensa San Diego)

    Hundreds of anxious homeowners packed the Chamber of Commerce in Oakland’s City Hall last Saturday to hear what local, state, and federal lawmakers had to say about solutions to help people caught in the sub-prime mortgage crisis.
    2008-01-25 04:47:32

  • Fannie and Freddie to the Rescue? (BusinessWeek)

    Policymakers want to give the mortgage lenders access to the jumbo loan market, in an effort to free up credit and stimulate home sales
    2008-01-25 04:52:34

  • Mortgage rates at lowest level since 2004

    Rocky Mountain News - U.S. mortgage rates dropped to levels not seen since the middle of the real estate boom in 2004, a day after the Federal Reserve's emergency reduction in interest rates. The drop may encourage up to 7 million homeowners to apply for new mortgages ...
    2008-01-23 11:01:00

  • Existing-home sales plunged in '07

    Seattle Times - Separately, rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the housing industry. Freddie Mac, the mortgage company, reported Thursday ...
    2008-01-25 12:05:00

  • Latest fixed-rate mortgage deals

    MyFinances.co.uk - ... run from two years up to 25 years and have rates which begin at 5.54 per cent. Scarborough aims to target the "record number" of people it expects to come off fixed-rate mortgage deals this year who are looking to balance their budgets. The lowest 5 ...
    2008-01-25 02:06:00

  • 30-year mortgage rates at 4-year low

    Raleigh News & Observer - Story Tools WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry. Freddie Mac, the mortgage company ...
    2008-01-24 11:36:00

  • U.K. December Mortgage Approvals Fall to Decade-Low (Update1)

    Bloomberg - Jan. 24 (Bloomberg) -- U.K. mortgage approvals dropped an annual 38 percent to the lowest in at least a decade in December as higher interest rates discouraged people from buying homes, the British Bankers' Association said. Banks granted 42,088 ...
    2008-01-24 02:15:00

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