Mortgage and Financial News From 2008-1-21 Page 78

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  • Sliding downhill, investors start grabbing bonds (Lexington Herald-Leader)

    The stock market's performance in recent months has no doubt left some investors uttering four-letter words -- one of which might be bond . The stumble in stocks that began in the second half of 2007 and continued into 2008 has sent many investors looking to the safety of high-quality bonds, and with good reason. Returns from government bonds outstripped those from the Standard & Poor's 500 ...
    2008-01-21 12:11:01
  • (AFX UK Focus) 2008-01-21 07:44 GMT: Asian stocks tumble as US recession fears grow; Shanghai falls 5 pct UPDATE (Interactive Investor)

    SINGAPORE (Thomson Financial) - Asian shares tumbled Monday with the Shanghai Composite closing down more than 5 percent, as investors remained unconvinced that President Bush's 145 billion-dollar economic stimulus package revealed Friday is sufficient or timely enough to help the US avert a recession.
    2008-01-21 12:11:42
  • Consumers can still file for bankruptcy, but it's harder now

    Dallas Morning News - But you should decide whether to file for bankruptcy only after consulting with a credit counselor and an ... lenders will be forced to require higher down payments, higher costs at closing and higher interest rates," the Mortgage ...
    2008-01-20 10:36:00
  • The Federal Reserve needs more than a new communications strategy

    Enter Stage Right - The Fed, by cutting short-term interest rates alone, cannot save the economy. Simply, most bond investors will only buy mortgage-backed securities from Fannie Mae and other federally charted banks. Their lending is generally limited to mortgages less ...
    2008-01-20 08:42:00
  • British PM Brown proposes international force to aid 'failed states'

    International Herald Tribune - Only with the best international institutions that promote cooperation out of shared interest ... and accountability can large numbers of states consistently work ... of the global credit crisis sparked by the collapse of the U.S. subprime mortgage ...
    2008-01-20 10:22:00
  • Asian stocks dogged by recession

    International Herald Tribune - ... as the sector continues to suffer the worst fallout of the U.S. subprime mortgage ... The MSCI ex-Japan index, which hit an all-time high in November, is down only ... are speculating that the Bank of Japan's next policy move may be to cut interest ...
    2008-01-20 10:36:00
  • RI must move beyond "hands off" approach - Jakarta Post

    RI must move beyond "hands off" approachJakarta Post, Indonesia - 3 hours agoThey receive negative real interest rates, and therefore must watch their savings fall in value. On the borrowing side, mortgage rates are still above 10 ...
    2008-01-20 08:42:53
  • MBIA: Priced for Catastrophe - Barron's

    MBIA: Priced for CatastropheBarron's - 2 hours agoThese insurers only guarantee the timely payment of interest and principal over the life of the underlying debt obligations. This means that any future MBIA ...
    2008-01-20 09:05:33
  • What would King do? - Pittsburgh Post Gazette

    What would King do?Pittsburgh Post Gazette, PA - 2 hours agoIt was a long time in the discussion of the mortgage crisis, which was largely a result of predatory lending practices on the poor, before it was realized ...
    2008-01-20 09:27:18
  • Economic Forecast 2008 - The Progress Report

    Economic Forecast 2008The Progress Report - 1 hour agoThe only way to eliminate the business cycle is to let interest rates be set by the market and to stop subsidizing land ownership. ...
    2008-01-20 10:26:10
  • Brown proposes international force to aid 'failed states' - Hindu

    Brown proposes international force to aid 'failed states'Hindu, India - 1 hour ago``Only with the best international institutions that promote cooperation out of shared interest ... and accountability can large numbers of states ...
    2008-01-20 10:37:30
  • FX market witnesses a surge in volatility - Arab Times

    FX market witnesses a surge in volatilityArab Times, Kuwait - 1 hour agoThe sales decline added fears that US consumers might be cutting their expenses, due to falling house prices and rising mortgage costs. ...
    2008-01-20 10:48:41
  • Debt, savings keys to more healthful money situation - El Paso Times

    Debt, savings keys to more healthful money situationEl Paso Times, TX - 49 minutes ago"If you have $1000 of credit-card debt at 15 percent interest, by paying only the minimum it will take you more than 12 years to pay off that debt," McBride ...
    2008-01-20 11:10:56
  • Gary Lindstrom: It is the economy, but are we stupid? - Summit Daily News

    Gary Lindstrom: It is the economy, but are we stupid?Summit Daily News, CO - 45 minutes agoIt was not the poor schmuck who got greedy and bought a house for very low interest rate. It was the mortgage brokers who got greedy and sold those loans to ...
    2008-01-20 11:14:35
  • Rand steady, seen range bound - The Times

    Rand steady, seen range boundThe Times, South Africa - 30 minutes agoA combination of the growth outlook and the final impact this will have on the interest rate outlook will dominate the outlook for currency markets," they ...
    2008-01-20 11:29:56