Mortgage and Financial News From 2008-1-28 Page 58

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  • Foreclosures spike - and will get much worse - CNNMoney.com

    Foreclosures spike - and will get much worseCNNMoney.com - 5 minutes agoA report released Monday by First American Core Logic rates foreclosure risk for 381 metropolitan areas, and found that the risk of foreclosure has jumped ...
    2008-01-28 08:34:31

  • House prices tipped to suffer as economic 'tug of war' defines year - New Zealand Herald

    House prices tipped to suffer as economic 'tug of war' defines yearNew Zealand Herald, New Zealand - 4 minutes agoA drop in home-ownership will result in more people renting, and the demand will push up rents by around 6 per cent a year. While mortgage costs and petrol ...
    2008-01-28 08:35:06

  • Bankruptcy filings increase in 2007 - Kankakee Daily Journal

    Bankruptcy filings increase in 2007Kankakee Daily Journal, IL - 4 minutes agoGiven the country's economic troubles -- with rising unemployment, subprime mortgage woes and falling stock prices -- experts say the numbers will likely ...
    2008-01-28 08:35:19

  • Forex - Dollar sinks further on weak US housing data - Thomson FX Hub

    Forex - Dollar sinks further on weak US housing dataThomson FX Hub, MA - 3 minutes agoThe news indicated demand for new homes is still falling as tighter credit conditions and ailing consumer sentiment offset lower mortgage rates. ...
    2008-01-28 08:36:07

  • Stocks Rally Despite Weak Housing Data - FOXBusiness

    Stocks Rally Despite Weak Housing DataFOXBusiness - 1 minute agoCountrywide Financial (CFC) CEO Angelo Mozilo will forgo his "golden parachute" salary as pressure on him and his struggling home mortgage lender mounts. ...
    2008-01-28 08:37:54

  • New home sales fell by record amount in 2007 (MSNBC)

    Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years.
    2008-01-28 08:19:33

  • Dollar slumps as US housing deteriorates (Daily Telegraph)

    The dollar slumped by almost a cent across the euro after a drop in new home sales across the US strengthened traders' expectations that the Federal Reserve will cut interest rates again this week.
    2008-01-28 08:26:24

  • New home sales fall by record amount (Cape Cod Times)

    Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, with a a huge backlog of unsold homes.
    2008-01-28 08:31:53

  • Interest rate cuts not without risks (Daily Citizen)

    WASHINGTON (AP) — Lowering interest rates — the Federal Reserve's tool for bracing the wobbly economy — is not without risk.Fed Chairman Ben Bernanke and his colleagues are expected to cut rates by as much as one-half of a percentage point at their regularly scheduled meeting this week. It would follow up a rare three-quarter-point reduction, ordered last week at an emergency session Bernanke ...
    2008-01-28 08:33:37

  • New spike in foreclosure risk (CNNMoney.com via Yahoo! Finance)

    The risk of foreclosure is on a rapid rise nationally and, with a possible recession at hand, this spike in mortgage-defaults could last for years.
    2008-01-28 08:34:00

  • U.S. Economy: New-Home Sales Drop to Lowest Level in 12 Years (Bloomberg.com)

    Jan. 28 (Bloomberg) -- 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 08:35:59

  • Refinancing: Don't Waste Time Wondering, Just Do It (TheStreet.com)

    Even a small change in your mortgage rate might lead to big savings.
    2008-01-28 08:36:19

  • New home sales dropped in 2007 by record amount (KBCI Boise)

    Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, demonstrating the troubles builders are facing with a huge backlog of unsold homes.
    2008-01-28 08:38:30

  • Brooks Automation Elects Martin Headley CFO - Quick Facts [BRKS]

    RTT News - The company noted that the deal would offer real estate development loans to it and mortgage loans to its customers in accordance with applicable Chinese laws and regulations. The company stated that it has also signed strategic cooperation deals ...
    2008-01-28 07:25:00

  • Are you worried?

    Hampton Roads Daily Press - It's taking longer for would-be homeowners to get their mortgage loans approved these days, which in turn is affecting home builders, said Nick Turner, a vice president and co-founder of Williamsburg- based Ford Builders. It used to take about 30 ...
    2008-01-28 03:22:00

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