Mortgage and Financial News From 2008-9-14 Page 01
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Some mortgage rates drop below 6 percent - San Francisco Gate
Sunday, September 14, 2008 Freddie Mac reported Thursday that its nationwide survey found that 30-year fixed-rate mortgages dipped to 5.93 percent last week, down from 6.35 percent the previous week. The sharp decline pushed the 30-year rate below 6 ...
2008-09-14 08:17:00 -
Mortgage Rates: How Do I Make Sure I Get the Best Rate? - Transworld News
2) shop around by contacting several mortgage brokers or lenders. As you shop, keep in mind that the mortgage with the lowest interest rate may not be the most convenient mortgage for you. As an example, you can lower your interest rate by paying ...
2008-09-14 04:02:00 -
Economic angst tops issues in Mass. town (USA Today)
In the town of Fitchburg, Mass., and across the country, economic angst is shaping the political landscape for the election Nov. 4.
2008-09-14 05:54:21 -
Building starts plummet (Perth Now)
HOME building starts have plummeted to their lowest number in a year, supporting the need for lower interest rates.
2008-09-14 07:01:00 -
Lehman Waited too Long to Seek a Lifeline (Fox News)
Embattled investment bank, Lehman Brothers, likely waited too long to ask for help as it was inundated by the financial storm.
2008-09-14 07:27:22 -
Lehman waited too long to cry for help (The Globe and Mail)
Description is not available
2008-09-14 08:04:43 -
Moody's Corporation - Chicago Tribune
As the outlook for Lehman Brothers appeared to dim today, U.S. and foreign banks joined forces to create a plan aimed at inoculating the global financial system against the investment bank's possible failure, a top investment banking official said ...
2008-09-14 05:50:00 -
Area lenders cheered by Freddie-Fannie takeover - Island Packet Online
Hilton Head Island area mortgage professionals are cheering the government’s takeover of mortgage giants Fannie Mae and Freddie Mac, saying it will lower interest rates and possibly spur buyers to close deals. Last weekend the federal government ...
2008-09-14 05:42:00 -
Abbey to cut mortgage rates again - Tehran Times
""Abbey cut the majority of their mortgages over 75% loan-to-value in June,"" he said. ""The remaining deals were not a viable option for thousands of their borrowers with smaller deposits. ""It is good news that Abbey have started to offer better ...
2008-09-14 07:30:00 -
No 'Golden Parachutes' for Fannie, Freddie CEOs - Washington Post
The federal government said today it would not allow mortgage finance firms Fannie Mae and Freddie Mac to pay their departing chief executives the "golden parachutes" outlined in their contracts. In total, their severance packages could have been ...
2008-09-14 05:07:00 -
The Language of Calamity (Columbia Journalism Review)
Even casual business press readers by now know that what is happening on Wall Street is new, unusual, historic, unfamiliar, unknown. Let’s be clear, what is happening is financially catastrophic for some but extremely dangerous for all.
2008-09-14 07:35:44 -
Lehman may face failure (The Globe and Mail)
NEW YORK (Reuters) - The ruptured U.S. financial system was facing an unprecedented shakeup on Sunday that was expected to lead to the failure of Lehman Brothers , the takeover of Merrill Lynch & Co and big asset sales by major insurer American International Group .
2008-09-14 07:39:14 -
Derivatives market trades on Sunday to cut Lehman risk (Reuters via Yahoo! UK & Ireland News)
Major players in the $455 trillion (252 trillion pound) global derivatives market rushed Sunday to scale back exposure to a potential bankruptcy filing by investment bank Lehman Brothers in a rare emergency trading session.
2008-09-14 07:44:00 -
Business (The West Australian)
Westpac Banking Corporation will drop its fixed interest rates for both new and existing customers by up to 0.3 per cent from Tuesday. Fixed interest home and residential investment loan rates will decline across all terms by between 0.2 percentage and 0.3 percentage points, the bank said.
2008-09-14 07:48:40 -
News (The West Australian)
Residential building starts have plummeted to their lowest number in a year, supporting the need for lower interest rates. Just 38,348 homes were started in the three months to June, a seasonally-adjusted drop of 3.7 per cent on the March quarter, the Australian Bureau of Statistics said.
2008-09-14 07:49:10