Mortgage and Financial News From 2008-3-12 Page 8

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  • House prices down again in Feb (Stuff)

    House prices dipped again in February, leaving the market on the verge of moving below levels seen a year ago.
    2008-03-11 04:08:20

  • Profile: Mark Bouris (Moneymanager)

    When Mark Bouris sold his stake in Wizard Home Loans in 2004, he realised he had few ideas about where to go for financial expertise to invest his money for retirement. So he decided to give an equal amount to five advisers and watch their strategy over two years to see who came out on top.
    2008-03-11 09:20:59

  • Mortgage application fees may rise on appraisal reform (CNN Money)

    It's going to cost some borrowers even more to get a mortgage beginning in 2009.
    2008-03-12 01:25:06

  • Upside-Down Mortgages and Sinking Home Prices (GoldSeek.com)

    An upside-down mortgage is a mortgage for which the home owner owes more on the mortgage than the home is worth. According to a report on the CBS TV "Early Morning Show" on March 10, if house prices fall another 10% nationally, 20 million households will be in an upside-down condition.
    2008-03-12 07:38:47

  • Analyst Actions: Valero, Thornburg, Continental, J.Crew (BusinessWeek)


    2008-03-12 08:12:09

  • Why the Rich Are Getting Poorer (GoldSeek.com)

    By: John Browne, Senior Market Strategist, Euro Pacific Capital, Inc. As our consumer dominated economy faces the threat of imminent stagflation (economic recession and financial inflation at the same time), losses will not be limited to the poor.
    2008-03-12 09:08:45

  • Travel briefs (Pittsburgh Post-Gazette)

    BC-Travel Briefs,1st Ld-Writethru,2621 Travel briefs Eds: CORRECTS typo in headline for final item. ...
    2008-03-12 10:39:00

  • Professor endorses equal opportunities for all (The Equinox)

    There is a lie about affirmative action that, like a weed, keeps popping up no matter how many times you nip it in the bud. The lie is that affirmative action means putting less qualified nonwhite applicants ahead of more qualified white ones. This is simply false, as even a little research would show.
    2008-03-12 01:44:34

  • NZ House Sale Prices Slump (Australasian Investment Review via Yahoo!7 Finance)

    Is this what lies ahead for us in Australia? New Zealand house sales and prices fell in February as banks put up mortgage rates to 11% or more. Our rates are nothing like that, but having risen by up to 1.25% in seven months, quite a few people in Australia are going to be squeezed. Certainly the 12% plus rise in house prices in the year to December will ease this year after the rate rises from ...
    2008-03-12 02:07:00

  • Donner Summit improvements get transportation staff recommendation

    Sacramento Business Journal - Union Pacific Railroad is seeking the funds to pay for half of the $86.8 million project that would raise tunnel clearances and construct a second main track over Donner Summit, making it easier to move goods across the Sierra.
    2008-03-12 02:49:00

  • Fed, central banks team up to unstick markets

    MSN MoneyCentral - ... dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages ... It was the second time in three months that central banks from around the globe had launched coordinated efforts.
    2008-03-11 09:43:00

  • Another bank, another $500m debt

    News.com.au - Seiza is now looking to dispose of its non-core businesses, including personal and commercial lending operations to focus on mortgages. In its accounts, Seiza's directors warned that the business had come under funding pressure in the second half of ...
    2008-03-10 04:18:00

  • Hovnanian Reports Loss as Sales Slow, Margins Narrow (Update2)

    Bloomberg - ... Jersey's biggest homebuilder, reported its sixth consecutive quarterly loss as fewer borrowers were able to secure mortgages. ... The stock has fallen 71 percent in the last year, the second-worst performance among the 15 largest homebuilders.
    2008-03-10 02:52:00

  • THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT

    CNBC - ... Darling announced the government will start a review of housing finance to increase the availability of long-term mortgages ... sought to prepare the country for tough economic times ahead by lowering the expected rate of GDP growth for the second ...
    2008-03-12 08:51:00

  • Insight: Wall St dominoes topple on Main St

    Financial Times - Second, it will take time for the de-leveraging process to abate unless policies are supported more forcefully by measures ... This speaks to possible opportunities in swaps, high quality mortgages, bank capital, and municipals.
    2008-03-12 12:48:00

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