Mortgage and Financial News From 2008-3-7 Page 15

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  • Alistair Darling plans mortgage kitemark

    Daily Telegraph - The Treasury is drawing up plans to grade mortgages so that high street lenders can sell them on to investors in the money markets. The plans are expected to be revealed in next week’s Budget. Markets have dried up in the wake of the global credit ...
    2008-03-05 12:17:00
  • Morgan Stanley, Lone Star Stick Taxpayers With Default Costs

    Bloomberg - At the same time, Lone Star founder John Grayken was raising $10 billion for new real estate funds to buy distressed mortgage lenders and commercial properties, enticing investors such as the state of Oregon.
    2008-03-07 04:58:00
  • More Margin Calls at Carlyle

    Street.Com - Carlyle Capital said Friday morning that it had received "substantial" additional margin calls and more default notices from lenders due to the plummeting market for mortgage-backed paper. Carlyle, a fixed-income investment company managed by an ...
    2008-03-07 06:31:00
  • Mortgage-bond fund sells assets after margin calls

    USA Today - LONDON (AP) — Lenders to Carlyle Capital Corp. have begun to liquidate securities held in its $21.7 billion portfolio and the fund said Friday it was considering "all available options." The selloffs come as lenders demand additional collateral to ...
    2008-03-07 07:50:00
  • How to Stop the Mortgage Crisis

    Wall Street Journal - The legislation would also provide that the government must be repaid before any creditor other than the mortgage lenders. Although individuals who accept the loan would not be lowering their total debt, they would pay less in total interest.
    2008-03-07 08:26:00
  • Investors Title reports weaker profit (The News & Observer)

    The Chapel Hill-based insurance company says that increased income taxes were responsible for its lower profit.
    2008-03-07 08:33:30
  • Opening bids: Are second home owners good? (Times Online)

    Property has the power to raise the pulses of the British. A misty-eyed reaction to the sight of a good-looking piece of real estate is part of the national pysche. But property also has the power to raise the hackles.
    2008-03-07 08:47:37
  • Stock markets weak after weaker than expected US jobs numbers (MSN Money Canada)

    TORONTO - Stock markets were weak but improved from early lows Friday morning as financial stocks revived and investors came to grips with disappointing U.S. employment news and another round of financial-sector concerns.
    2008-03-07 08:51:42
  • Forums Aim To Curb Foreclosures (KCRA 3 Sacramento)

    Homeowners having trouble paying their mortgages will have the chance to talk to their lenders in person today and Saturday to try to find ways to avoid foreclosure.
    2008-03-07 08:52:28
  • Cutting out the mortgage middle man (Money Marketing Online)

    I remember one hearty flood victim from Tewksbury interviewed on the evening news last summer. He had retired from the army as an NCO six months before and spent that time doing up his house. “You must be devastated” said the presenter. “Worse things could happen”, he said.
    2008-03-07 08:53:38
  • Carlyle Capital?s Lenders Start to Liquidate Securities (New York Times)

    In an ominous development one day after the fund was served with default notices, lenders have begun to liquidate securities held in its $21.7 billion portfolio.
    2008-03-07 08:56:52
  • Consumer Confidence at Lowest Since 2002

    Los Angeles Times - The continued deterioration in confidence comes even as Federal Reserve Chairman Ben Bernanke has signaled that the central bank will keep on cutting a key interest rate to bolster the economy.
    2008-03-07 05:13:00
  • Paris shares down lunchtime as economic fears intensify

    CNBC - Yesterday's renewed hawkishness from ECB president Jean-Claude Trichet was also weighing on sentiment today, as the prospect of an interest rate cut now seems increasingly unlikely in the short-term.
    2008-03-07 04:15:00
  • Odds of further rate cuts fall; 75 bp cut in March no longer a ...

    Forbes - NEW YORK (Thomson Financial) - The odds of further interest rate cuts fell Wednesday, as spike in oil and gold prices to record highs, a rally in U.S. stocks and better-than-expected productivity and service industry data offset weak payrolls data ...
    2008-03-05 10:16:00
  • Fed's rate cuts may do long-term dollar damage

    Reuters - NEW YORK (Reuters) - By many measures, confidence in the dollar has never been lower, and some fear more Federal Reserve interest rate cuts will make matters worse by swelling inflation and undermining long-term U.S. economic health. The Fed has cut ...
    2008-03-05 07:53:00