Mortgage and Financial News From 2008-2-20 Page 14

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  • How to Pick the Right Mortgage (TheStreet.com)

    A 30-year fixed rate isn't your only option.
    2008-02-20 07:27:35
  • U.S. Stocks Fall on Inflation, Credit Concerns; Financials Drop (Bloomberg.com)

    Feb. 20 (Bloomberg) -- U.S. stocks declined for a second day after inflation increased faster than forecast and concern grew about declining profits for telephone companies and more writedowns for banks and securities firms.
    2008-02-20 07:44:14
  • Home loan demand plunges as interest rates rise (USA Today)

    Mortgage applications plunged last week, and demand hit its lowest level since the start of the year as interest rates surged, an industry group said Wednesday.
    2008-02-20 07:52:16
  • Stocks Down on Inflation, Housing Data (BusinessWeek)

    Rising inflation risk, scant improvement in home construction, and weaker mortgage demand were all weighing on equities Wednesday
    2008-02-20 08:31:17
  • US Regulator Floats New Plan To Help Troubled Homeowners (Nasdaq)

    WASHINGTON -(Dow Jones)- Homeowners in the U.S. whose houses are no longer worth as much as their mortgage could be helped by a proposal introduced Wednesday by the Office of Thrift Supervision, the government regulator for savings and loan companies.
    2008-02-20 08:38:29
  • U.S. Stocks Fall, Led by Telephone, Utility Shares; AT&T Drops (Bloomberg.com)

    Feb. 20 (Bloomberg) -- U.S. stocks dropped for a second day, led by telephone and utility shares, on concern competition will reduce profits among wireless networks and faster inflation will keep the Federal Reserve from cutting interest rates.
    2008-02-20 08:59:05
  • Standard Chartered Abandons Funding $7.15 Billion SIV (Update5) (Bloomberg.com)

    Feb. 20 (Bloomberg) -- Standard Chartered Plc abandoned a plan to bail out its $7.15 billion Whistlejacket Capital Ltd. structured investment vehicle, the largest bank-run SIV to collapse because of ``continuing deterioration'' in markets.
    2008-02-20 09:21:19
  • A major makeover (The Capital)

    The newly remodeled exterior of the home of Diana Dunaway and Gary Arrington. Diana Dunaway and Gary Arrington are the first to admit their house is a work in progress. Yet, changes they've made to their 52-year-old beachfront home have been dramatic.
    2008-02-20 09:25:49
  • Mortgage applications fall as interest rates rise (Providence Business News)

    HIGHER INTEREST RATES last week discouraged buyers and homeowners looking to refinance, the MBA said.
    2008-02-20 09:35:43
  • Forex - Pound under renewed pressure as BoE minutes suggest more rate ...

    Forbes - ... has been on the back foot all week, with the nationalisation of ailing mortgage ... especially while the MPC remain worried about the fall-out effects from the credit ... Not all the UK news was bad, however. The CBI industrial trends survey for ...
    2008-02-20 05:03:00
  • U.S. Swaption Volatility Soars on Mortgage-Debt Related Hedging

    Bloomberg - The ongoing fallout from the credit crunch,'' which ``reflects investors' concern that there is still more bad news to come from banks with regard to subprime mortgage write-downs, together with further expected cuts in U.S. dollar interest rates, is ...
    2008-02-19 10:26:00
  • A Gift Horse For Fannie & Freddie?

    Forbes - It was billed as a win for mortgage borrowers, the housing market and mortgage ... New data show credit quality has been deteriorating even for prime mortgages taken ... It's possible, and not necessarily a bad thing. James B. Lockhart, director of ...
    2008-02-20 03:01:00
  • Alliance & Leicester Plummets After Slashing Targets (Update3)

    Bloomberg - ... in London trading to the lowest level since going public in 1997 after the U.K. mortgage lender scrapped its profit target because of the seizure in credit ... Bad loans more than tripled. Last night, legislation to nationalize Northern ...
    2008-02-20 06:58:00
  • Dollar Strengthens Against the Euro as Inflation Accelerates

    Bloomberg - ... S. inflation rose more than forecast last month and concern increased that credit ... good for the dollar if it turns out the economy won't go down the tubes, and bad ... benchmark from 1999 until August, when the collapse of the U.S. subprime mortgage ...
    2008-02-20 07:41:00
  • Banks, Econ Worries Hit Europe

    Forbes - European shares fell sharply on Wednesday as more bad news emerged from the ... British mortgage lender Alliance & Leicester (other-otc: AANCF - news - ... by Tuesday's announcement of $2.85 billion in additional write-downs by Credit ...
    2008-02-20 06:58:00