Mortgage and Financial News From 2008-1-14 Page 21

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  • O'Malley unveils home aid (Baltimore Sun)

    Plan is meant to halt surge in foreclosures Gov. Martin O'Malley announced a wide-ranging plan Monday to confront an unprecedented rise in home foreclosures and combat predatory mortgage scams, including legislation to slow the minimum time for foreclosure from 15 days to more than four months.
    2008-01-14 11:52:13

  • Be aware of tax tips (Columbus Ledger-Enquirer)

    As the beginning of tax season approach, an IRS spokesman says homeowners should be aware of two new tax tips.
    2008-01-14 02:19:59

  • Centro CEO Andrew Scott resigns (The West Australian)

    The chief executive of troubled shopping centre owner Centro Properties Group has resigned and will be replaced by the head of the group's United States business.
    2008-01-14 03:26:26

  • Centro share price tumbles as CEO quits (Herald Sun)

    STAPLED securities in Centro Properties Group plunged today after its CEO resigned and the company warned that its liabilities might be higher than reported.
    2008-01-14 03:44:00

  • GOP hopefuls promise help to struggling Michigan

    Los Angeles Times - One day before the Michigan primary, three Republican candidates stumped in search of votes and momentum in a state with the highest-in-the-nation unemployment rates and high rates of mortgage foreclosures. Former Massachusetts Gov. Mitt Romney, who ...
    2008-01-14 11:59:00

  • Emerging-Market Bonds Little Changed on U.S. Economic Outlook

    Bloomberg - Jan. 14 (Bloomberg) -- Emerging-market bonds were little changed on concern that widening losses from subprime mortgage investments will hamper growth in the U.S. economy, reducing demand for developing nations' exports. The spread, or extra yield ...
    2008-01-14 01:47:00

  • Slow Growth and Fewer Mortgage Originations in 2008-2009

    HULIQ.com - Second, the spread between the 10-year Treasury yield and conforming mortgage rates as well as the spread between conforming mortgage rates and jumbo rates has widened. Third, home prices have declined in many areas. These factors have combined to ...
    2008-01-14 01:54:00

  • BMO Bank of Montreal Lowers Mortgage Rates

    CNW Group - TORONTO, Jan. 14 /CNW/ - BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective January 15, 2008. The new rates are: < Fixed Rates: To: Change: 6 month open 8.90% 0.00% 6 month convertible 7.10% 0.00% 1 year ...
    2008-01-14 12:56:00

  • BMO, Scotiabank Bank lower residential mortgage rates

    Canada East - TORONTO - The Bank of Montreal (TSX:BMO) and Scotiabank (TSX:BNS) have lowered some of their posted residential mortgage rates by about 0.05 percentage points. BMO said Monday has decreased rates effective Tuesday, including a 0.05 percentage point ...
    2008-01-14 02:08:00

  • US '08 mortgage creation to drop below $2 trln-MBA

    Reuters - Average 30-year mortgage rates will rise slightly to 6.2 percent by the fourth quarter, "still quite low by historic standards," he said. The MBA's forecasts are for housing starts and sales to reach bottom around the end of the third quarter of ...
    2008-01-14 02:51:00

  • Understanding the President's Mortgage Reform Proposal - KOAM-TV

    Understanding the President's Mortgage Reform ProposalKOAM-TV, KS - 1 hour ago... if they have missed loan payments because of a recent spike in adjustable-rate mortgage (ARM) interest rates that caused their total payments to jump. ...
    2008-01-14 04:03:09

  • Forex - US dollar rebounds slightly in Sydney morning trade - Forbes

    Forex - US dollar rebounds slightly in Sydney morning tradeForbes, NY - 1 hour ago... and yen overnight on concerns that weak corporate earnings will tip the US economy into recession, forcing the Federal Reserve to slash interest rates. ...
    2008-01-14 04:05:32

  • S&P Cuts Ratings On Classes Tied To Alt-A Loans - Wall Street Journal

    S&P Cuts Ratings On Classes Tied To Alt-A LoansWall Street Journal - 1 hour agoThe total balance of S&P-rated US residential mortgage-backed securities backed by all types of residential mortgage loans issued in the nonagency market in ...
    2008-01-14 04:08:53

  • SOARING COST OF FOOD TO SQUEEZE FAMILIES MORE - UK Express

    SOARING COST OF FOOD TO SQUEEZE FAMILIES MOREUK Express, UK - 1 hour ago... Statistics (ONS) make it less likely that the Bank of England will cut interest rates – bringing much-needed savings for many mortgage customers. ...
    2008-01-14 04:09:55

  • Australian business optimism running high - ABC Online

    Australian business optimism running highABC Online, Australia - 1 hour agoThe report says global financial pressures may increase consumer credit and mortgage repayments, causing a drop in consumer spending. ...
    2008-01-14 04:13:03

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