Mortgage and Financial News From 2008-5-16 Page 6
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Rumours cause financing ‘fear factor’ (Otago Daily Times)
THE largest problem finance companies face is the uncertainty of existing investors about whether to reinvest as their funds mature, Dunedin financial planner Peter Smith says.
2008-05-16 10:09:49 -
Fannie Mae loosens loan standards for hardest-hit housing markets (Providence Business News)
WASHINGTON – The nation’s largest mortgage-financing provider, Fannie Mae (NYSE: FNM), today announced it will stop requiring larger down payments in regions where home prices are falling, Bloomberg News said.
2008-05-16 10:19:26 -
Fannie Mae Irks Investors (Forbes)
Easier downpayment rules in falling markets hits lender's stock.
2008-05-16 10:24:14 -
Inflation figures damp hopes of ease on lending (Financial Times)
Borrowers should brace themselves for yet more increases to mortgage rates as the latest jump in inflation and a bleak economic picture renew the pressure on lenders.
2008-05-16 10:39:55 -
Secretary Paulson Remarks on Credit Markets and Housing (Washington Post)
SECRETARY OF TREASURY HENRY M. PAULSON JR.: Thank you, Len. Over the last forty years, Washington has transformed into a diverse corporate center. Congratulations to The Post for recognizing this through their annual list of 200. And I am pleased to join you and represent the "old" Washington, th...
2008-05-16 10:40:53 -
Residents told help available for mortgage woes (The Arizona Republic)
Help is available. That was the message financial institutions and city staffers had Thursday for residents who may be facing foreclosures.
2008-05-16 10:47:03 -
It's official: Spring-sales season a bust for housing market (Market Watch)
The hoped-for rebound in home sales failed to blossom this spring with the housing market caught in a downward spiral, as falling prices continue to sap consumer sentiment and keep would-be buyers on the sidelines.
2008-05-16 10:52:40 -
WaMu reduces home equity credit to homeowners - MSN MoneyCentral
Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market. If they haven't already been notified, WaMu's customers across the country will ...
2008-05-16 08:10:00 -
European bonds end rough week with modest gains - Forbes
LONDON (Thomson Financial) - European bonds posted modest gains after some hefty falls this week with much of momentum today coming from the U.S. where a key indicator of sentiment suffered a steep fall. The preliminary University of Michigan ...
2008-05-16 08:32:00 -
Fitch to Rate Ford Credit Auto Owner Trust 2008-C; Issues Presale - Forbes
The presale report is available to all investors on Fitch's corporate site www.fitchratings.com. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports ...
2008-05-16 08:10:00 -
European Notes Head for Weekly Decline on Outlook for ECB Rates - Bloomberg
May 16 (Bloomberg) -- European government notes were poised to snap two weeks of gains on speculation accelerating inflation won't allow the region's central bank to cut borrowing costs at a six-year high. The drop pushed the yield on the two-year ...
2008-05-16 03:17:00 -
FACTBOX-Global interest rates in 2008 - Reuters
LONDON, May 16 (Reuters) - Denmark's central bank raised its key one-week interest rate by 10 basis points on May 16 to 4.35 percent from 4.25 percent. As a result, the average rate set by 11 leading central banks -- the five that decide monetary ...
2008-05-16 07:56:00 -
DIARY - Germany - to June 13 - Reuters
GENERAL / ECONOMIC EVENTS WEDNESDAY, MAY 21 FRANKFURT- ECB Governing Council meeting. No interest rate announcements scheduled. Any announcement about other issues to be released at 1230 GMT.- THURSDAY, MAY 22 ELTVILLE, Germany - ECB Governing ...
2008-05-15 10:23:00 -
UPDATE 1-Fed's Yellen outlines rate policy dilemma - Reuters
TACOMA, Washington, May 14 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen on Wednesday said the Fed is grappling with preventing 1970s-style inflation while facing down the chance of a "horrid" downward growth spiral, but ...
2008-05-14 04:05:00 -
US May Consumer confidence tumbles to lowest in 28 years (Khaleej Times)
NEW YORK - U.S. consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations reached the highest levels since the stagflationary early 1980s.
2008-05-16 08:47:50