Mortgage and Financial News From 2008-3-7 Page 8
Previous Day: 2008-03-06
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More Immigrants Buy Property in Mexico
Chicago Tribune - Mortgage interest rates are higher in Mexico than in the U.S., ranging from 9.5 percent to 14 percent, but they are fixed, another reason foreclosures aren't common, Olivares said.
2008-03-07 03:00:00 -
Financials, Techs Cave In to Selling Pressure
CNBC - He also suggested that the Fed should shift its focus to lowering long-term mortgage rates by buying mortgage assets and selling Treasurys. Nonfarm payrolls declined by 63,000 jobs in February, the second straight monthly decline.
2008-03-07 12:08:00 -
Mortgage market needs $1 trillion, FBR estimates
Marketwatch - The immediate impact is that [interest rates on] 30-year fixed-rate mortgages will have to increase relative to Treasuries," FBR's Miller wrote in a note to clients on Friday. "That is why we are experiencing pressure on mortgage rates despite the ...
2008-03-07 02:10:00 -
UPDATE 1-PIMCO's Gross bought Thornburg paper-CNBC
Reuters - What really needs to be done is for the Fed to lower long-term mortgage rates," he added. "We still have a Fannie Mae conventional mortgage of 5.75 percent, which means 6.25 percent and 7 percent-plus for jumbos," he said.
2008-03-07 12:08:00 -
PIMCO's Gross bought Thornburg paper recently-CNBC
Reuters - What really needs to be done is for the Fed to lower long term mortgage rates," he added, saying the Fed should sell Treasuries and buy mortgage assets.
2008-03-07 03:00:00 -
U.S. mortgage bond prepayments up in Feb vs Jan
Reuters - NEW YORK, March 7 (Reuters) - Prepayments on U.S. mortgage-backed securities increased in February from January levels as lower mortgage rates spurred home loan refinancing activity, largely offsetting one less calendar day, Wall Street analysts said ...
2008-03-07 03:00:00 -
Business Events for the Coming Week (The Forex Market)
WASHINGTON -- Treasury bill auction.
2008-03-07 03:38:41 -
Stocks Slide on Renewed Fears of Recession (NYTimes.com via Yahoo! Finance)
A discouraging employment report revived fears among investors that the nation may already be in a recession.
2008-03-07 03:40:17 -
(AFX UK Focus) 2008-03-07 23:37 GMT: Business Events for the Coming Week (Interactive Investor)
(AP) - Major business events and economic events scheduled for the coming week (some dates are tentative):
2008-03-07 03:42:38 -
Examiner.com Related Articles: (The San Francisco Examiner)
The central bank said it will increase the size of its March 10 and 24 auctions to banks to $50 billion each. The auctions had been slated for $30 billion apiece and Fed officials said subsequent auctions could be bigger if need be.
2008-03-07 03:42:46 -
Dow Has Lowest Close Of 2008 (Forbes)
A blow from the financial sector and bad economic news had Wall Street reeling.
2008-03-07 03:47:10 -
The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. Dividend ...
Earthtimes - NEW YORK, NEW YORK -- 03/07/08 -- The Board of Directors of the Hyperion Brookfield Strategic Mortgage Income Fund, Inc ... in excess of $22 billion for a client base including pension funds, financial institutions, mutual funds, insurance companies ...
2008-03-07 01:12:00 -
Illinois Probes Countrywide
Los Angeles Business Journal - The subpoena joins a long list of investigations by state and federal officials examining the business practices of the nation's mortgage lenders. Critics say such companies played a major role in the housing and mortgage crisis, which has led to ...
2008-03-07 02:24:00 -
14 Calif. counties get maximum FHA limit
BusinessWeek - The package also includes a temporary increase in the cap on mortgages that the government-sponsored mortgage companies Fannie Mae and Freddie Mac can buy or guarantee from $417,000 to $729,750.
2008-03-04 03:53:00 -
Economic worries lead market lower after jobs data
CNBC - Mortgage Controls Have Gone Too Far The Week in Europe: A Sea of Red EU Warns Against Golden Shares at EADS Ambac CEO: ... Big industrial companies seen as economic bellwethers such as heavy-equipment maker Caterpillar and conglomerate ...
2008-03-07 09:52:00
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