Mortgage and Financial News From 2008-2-13 Page 14

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  • MGIC's quarterly loss tops $1 billion (Milwaukee Journal Sentinel)

    Shares of MGIC Investment Corp. dropped 11% Wednesday after the Milwaukee mortgage insurance company said it lost...
    2008-02-13 07:48:17

  • Home sales tumble, inventory rockets (North County Times)

    NORTH COUNTY -- Home inventory across North County ballooned in January, increasing the downward pressure on sales prices and sending the county further into a market that favors buyers.
    2008-02-13 07:51:00

  • Investment vehicles blamed for crisis (Connecticut Post)

    FAIRFIELD — More regulations aren't the answer to the global financial turmoil whose most visible marker is the number of foreclosed signs appearing on American lawns.
    2008-02-13 08:00:22

  • Tag: servers (ZDNet Australia)

    It got delayed a few months, but a new, somewhat unusual supercomputer from Sun Microsystems will get formally unveiled next week. Microsoft has released 11 security patches, six of which are "critical" and five of which are "important", according to the software giant.
    2008-02-13 08:28:53

  • Building dreams, or chasing a mirage? (Zawya)

    February 2008 The current housing boom has made dream homes more abundant, but less affordable. Since 2005, housing prices have skyrocketed in Cairo's new communities, and more recently in the capital itself. Market insiders suspect a downturn could be imminent.
    2008-02-13 08:52:58

  • Inflation may drive gold price to $1000 this year (Khaleej Times)

    DUBAI — Inflation fears, global tensions and a further weakening of the dollar could drive the gold price to $1000 per ounce later in 2008, leading global metals and commodity analysts have said.
    2008-02-13 09:07:27

  • Why cash is golden right now (MSN Money Canada)

    Money market interest rates nearly match stocks' returns -- without the worry. And two foreign-currency ETFs deliver extra bang for investors seeking refuge from the falling buck.
    2008-02-13 09:12:00

  • Tempted by China? 3 ways to cut risk (MSN Money Canada)

    Here are seven investment plays, and the strategies behind them, for holding down your risk while profiting in China. The potential rewards from investing in China are enticing, but you certainly don't want to put your portfolio at risk in order to reap those rewards.
    2008-02-13 09:12:11

  • New Rules for Property Investment Sales Game (The New York Sun)

    While the credit market may have grown much tighter, industry leaders say there is significant equity available to bid for Class A office building assets, including the significant holdings of the Macklowe Properties portfolio, from real estate investment funds, investment trusts, hedge funds, pension funds, local and foreign investors, and real estate investment trusts. As we move through the ...
    2008-02-13 09:17:53

  • Foreclosures cut home prices

    Dubuque Telegraph Herald - WASHINGTON (AP) -- A growing share of home sales are from foreclosures, especially in states hardest hit by the housing ... Highly discounted foreclosure sales also can make it tougher for borrowers to refinance into more affordable loans if their ...
    2008-02-13 01:25:00

  • Bush signs $186bn stimulus package

    News.com.au - ... for couples, plus $US300 for dependent children, could boost consumer spending which has been pressured by sinking home ... into law and called on Congress to allow state housing agencies to issue tax-free bonds to help struggling homeowners refinance ...
    2008-02-13 06:04:00

  • Distressed properties dominate market

    San Diego Union-Tribune - ... of Realtors, said agents and lenders are reporting increasing interest from prospective buyers, as measured by prequalification loan applications and traffic at open houses and new-home subdivisions. Gary West, 60, had applied to refinance his $450 ...
    2008-02-13 06:16:00

  • County extends lease of Cherry Road Land

    Boca Raton News - Approved an application by the Children’s Home Society for up to $17.5 million in variable rate revenue bonds to finance, refinance, construct and improve facilities. No county funds are involved, said commissioners. . Adopted criteria for ...
    2008-02-13 07:09:00

  • Vector Shares Tumble on Earnings, Financing Outlook (Update2)

    Bloomberg - Finance Chief Chris Gallaher today said he can't forecast Vector's funding costs for next year, as he seeks to refinance NZ$800 million of debt starting in April. ``It's not a great time to be going to the market'' to refinance debt, said ...
    2008-02-12 03:57:00

  • Rise in Retail Sales Eases Worries About Recession

    CNBC - The Mortgage Bankers Association said its home loan application index fell 2.1 percent last week as both home purchase and refinance applications slipped. Applications for home refinancing had been particularly strong over the past month as average 30 ...
    2008-02-13 08:17:00

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