Mortgage and Financial News From 2008-1-28 Page 47

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• US Stocks Gain on Rate-Cut Speculation; Financial Shares Rise - Bloomberg

  US Stocks Gain on Rate-Cut Speculation; Financial Shares RiseBloomberg - 56 minutes ago``The Fed will do what's necessary to get us through the current credit issues.'' Benchmark indexes rebounded from earlier losses sparked by slower sales ...
  2008-01-28 11:04:13

• The Risk Cycle - American Enterprise Institute

  The Risk CycleAmerican Enterprise Institute, DC - 53 minutes agoIn fact, after a panicky global sell-off on January 18 and 21, the Fed cut the fed funds and discount rates by an unprecedented 75 basis points to 3.5 ...
  2008-01-28 11:07:15

• US Economy: New-Home Sales Drop to 12-Year Low (Update1) - Bloomberg

  US Economy: New-Home Sales Drop to 12-Year Low (Update1)Bloomberg - 44 minutes agoThe dollar extended its drop as the figures spurred speculation the Federal Reserve will keep reducing interest rates. The report may also reinforce concern ...
  2008-01-28 11:15:22

• What is sub-prime and what does it mean for me? - Money High Street

  What is sub-prime and what does it mean for me?Money High Street, UK - 40 minutes agoMortgage seekers are also finding that LTV (loan to value) rates are decreasing. We think 2008 will be the year of the secured loan. ...
  2008-01-28 11:19:20

• Sandra Romo, WPCCU Branch Manager, Named One of the ``40 under 40 ... - Centre Daily Times

  Sandra Romo, WPCCU Branch Manager, Named One of the ``40 under 40 ...Centre Daily Times, PA - 26 minutes agoIn 2005, she was promoted to her current position as manager of the Sun Valley branch. "Sandra is an asset to the credit union and has made significant ...
  2008-01-28 11:33:40

• Time for Bernanke to 'man up' - CNNMoney.com

  Time for Bernanke to 'man up'CNNMoney.com - 24 minutes agoIf the Fed lowers rates much further, it risks going too far. Historically low rates set the stage for this mortgage mess in the first place. ...
  2008-01-28 11:36:17

• Sandra Romo, WPCCU Branch Manager, Named One of the ``40 under 40 Businesspeople to Watch'' (Centre Daily Times)

  The San Fernando Valley Business Journal has named Sandra Romo, branch manager for the Sun Valley branch of Water and Power Community Credit Union (WPCCU), one of the "40 under 40 Businesspeople to Watch in the San Fernando Valley." Romo, an employee of the credit union for 11 years, started her career at WPCCU as a teller service representative and quickly moved through the ranks to become a ...
  2008-01-28 11:15:26

• Sandra Romo, WPCCU Branch Manager, Named One of the ``40 under 40 Businesspeople to Watch´´ (wallstreet:online AG)

  The San Fernando Valley Business Journal has named Sandra Romo, branch manager for the Sun Valley
  2008-01-28 11:19:17

• U.S. Stocks Gain on Rate-Cut Speculation; Financial Shares Rise (Bloomberg.com)

  Jan. 28 (Bloomberg) -- U.S. stocks rose, extending the market's first weekly gain this year, as odds increased that the Federal Reserve will cut its benchmark lending rate by half a percentage point this week to prop up the economy.
  2008-01-28 11:21:52

• Time for Bernanke to take a stand (CNNMoney.com via Yahoo! Finance)

  "This was a sad day for Bernanke," a bond fund manager told me the day after the Federal Reserve cut interest rates by an aggressive half-point back in September.
  2008-01-28 11:29:00

• Stimulus package viewed as critical, but could send budget deficit to near record levels (Wisconsin Rapids Daily Tribune)

  WASHINGTON (AP) A proposed economic stimulus plan could boost this years deficit by $100 billion, but political leaders believe the flood of red ink is worth the cost if it keeps the country from falling into a prolonged recession. Worries that any recession could be a severe one, far surpassing the last two mild, brief downturns in 1990-91 and 2001, have captured the attention of President Bush ...
  2008-01-28 11:31:35

• Treasury Assistant Secretary for Financial Markets Anthony W. Ryan Remarks at the World Research Group Liquidity ... (United States Department of the Treasury)

  Remarks at the World Research Group Liquidity ConferenceNew York City- Good afternoon. Secretaries of the Treasury, from Alexander Hamilton to Henry Paulson, have acknowledged the value of liquid, efficient capital markets.
  2008-01-28 11:33:04

• More Gloom Predicted For Mass. Housing Market (WBZ Boston)

  The slump in Massachusetts' housing market deepens, reducing single-family home sales to a level not seen since the early 1990s. A pair of reports Monday offered little hope that the buyer's market would turn around this year.
  2008-01-28 11:37:01

• New home sales drop to 12-year low (Daily Record)

  Purchases of new homes in the U.S. unexpectedly fell to a 12-year low in December, ending the worst sales year since records began in 1963 and signaling little prospect for a recovery.
  2008-01-28 11:43:06

• ECB aid to Spanish banks matches Rock rescue (Daily Telegraph)

  Covert ECB aid to Spanish banks equals Northern Rock rescue
  2008-01-28 11:56:25

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