Mortgage and Financial News From 2008-2-13 Page 16

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  • Paulson says US economy should dodge recession - Guardian Unlimited

    Paulson says US economy should dodge recessionGuardian Unlimited, UK - 15 minutes ago"The US economy is fundamentally strong, diverse and resilient, yet after years of unsustainable home price appreciation, our economy is undergoing a ...
    2008-02-13 08:36:15

  • Negotiating Refinancing Fees (WallStreet Journal via Yahoo! Finance)

    With rates dropping, Terri Cullen's brother and his wife plan to refinance their mortgage. She offers them advice on how to negotiate fees.
    2008-02-13 04:46:29

  • County extends lease of Cherry Road Land (Boca Raton News)

    County commissioners have approved the extension of a lease by the Facilities Development and Operations department of land and buildings at 4215 Cherry Road in West Palm Beach at the former Kings Academy site.
    2008-02-13 07:19:23

  • What the doctor ordered (Peter Switzer via Yahoo!7 Finance)

    With 11 interest rate rises heaped on Aussie home loan borrowers since the rate rising cycle has begun, it is reasonable to suspect that many of us are suffering a bit of stress. What follows is a virtual list of certain sickening interest rate ailments - from serious to potentially serious - and what a 'mortgage doctor' might prescribe.
    2008-02-13 07:36:00

  • Data show foreclosures make up half homes of homes sold in California (North County Times)

    WASHINGTON -- A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
    2008-02-13 07:58:06

  • State bill offers mortgage relief (Connecticut Post)

    HARTFORD — While an advocate for fair lending offered a bill to prevent future generations from facing a foreclosure crisis, Attorney General Richard Blumenthal pledged to save those in trouble.
    2008-02-13 08:00:32

  • Shanghai market gets off to bad start

    People's Daily Online - ... of a United States' economic recession, with the fallout of the subprime mortgage ... The market is worried the fallout of the US credit crisis on the global financial ... Some analysts said the prolonged bad weather since late January would add to ...
    2008-02-13 05:22:00

  • Ventas Reports Ten Percent Rise in 2007 Normalized FFO Per Common Share to $2.69 (The San Francisco Examiner)

    LOUISVILLE, Ky. ( Map ) - LOUISVILLE, Ky ., Feb. 13 /PRNewswire-FirstCall/ -- Ventas, Inc. (NYSE: VTR ) ("Ventas" or the "Company") said today that full year 2007 normalized Funds from Operations ("FFO") per diluted common share rose ten percent to $2.69 , compared to $2.44 last year.
    2008-02-13 08:24:24

  • Bush signs economic stimulus package (ABS-CBNNEWS.com)

    WASHINGTON - US President George W. Bush signed a two-year, 168-billion-dollar economic stimulus package on Wednesday, hoping it would deliver "a booster shot" to an ailing American economy.
    2008-02-13 08:24:58

  • Paulson says economy should dodge recession (Reuters)

    WASHINGTON (Reuters) - The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress on Thursday.
    2008-02-13 08:37:16

  • Bradford & Bingley profits plunge after jump in mortgage arrears

    Daily Mail - Banks reacted with alarm last night after Bradford and Bingley reported a sharp rise in mortgage arrears and bad debts and a slump in ... there had been some "unacceptable" failures by the management to minimise the bank's exposure to the global credit ...
    2008-02-13 05:50:00

  • Bradford & Bingley's buy-to-let woes

    Daily Telegraph - Credit Suisse summed up the mood when saying that the discount will persist "until issues surrounding the ... Having already unnerved the market, B&B added to the weak sentiment by revealing that bad debt provisions on its UK mortgage portfolio ...
    2008-02-13 04:17:00

  • Do You Believe In MGIC?

    Forbes - ... it is looking for ways to increase its capital, probably bad news in the short run for current stockholders who will see their shares diluted by an equity raising or a rising debt load if the company taps the credit market. Shares of the mortgage ...
    2008-02-13 02:01:00

  • TREASURIES-Bonds mixed, credit worries offset retail data

    Reuters - CREDIT WRAPUP-Mortgage woes sting insurer MGIC again ... There was also speculation of more funds suffering from bad subprime investment, analysts said. Earlier ...
    2008-02-13 12:35:00

  • Credit crisis hits at new heart of British economy: finance

    CNBC - The credit squeeze originated in the United States after the wave of subprime mortgage defaults, but is taking a heavy toll on Britain Inc. ... That could spell particularly bad news given that Britain's housing and mortgage growth over the past 10 ...
    2008-02-13 01:32:00

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