Mortgage and Financial News From 2008-3-12 Page 9

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  • TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 GMT

    CNBC - 2008-03-12 15:35:12 UK BUDGET New 'gold standard' for UK mortgages given cautious welcome LONDON (Thomson Financial) - The ... WASHINGTON (AP) - Home-loan data to be released Wednesday will show whether mortgage applications rose for the second ...
    2008-03-12 09:06:00

  • Top banker offers answer to credit woes: Time

    Philadelphia Inquirer - ... if the answer is not just some more time and some more pain before we can set this right," the head of the nation's second ... Investors are reluctant to buy securities backed by residential mortgages because they fear a further decline in house prices ...
    2008-03-12 05:41:00

  • UK sentiment on housing market slumps to lowest level in nearly 2 ...

    San Diego Union-Tribune - The pace of decline in new buyer inquiries picked up in February for the second consecutive month, having shown some signs of stabilizing between September and December,” the Institute said in a statement. New mortgages for home buyers across the ...
    2008-03-12 10:17:00

  • Stocks Dip a Day After Huge Rally

    Forbes - Freddie Mac shares finished 12 cents lower at $20.02 even after the chief financial officer of the nation's second-largest U.S. buyer and guarantor of home mortgages said it has adequate capital and will not need to dilute its shares by issuing more ...
    2008-03-12 03:47:00

  • Freddie Mac prices $3B in notes

    CNN Money - MCLEAN, Va. (AP) - Freddie Mac (NYSE:FRE) , the second-largest U.S. buyer and guarantor of home mortgages, said Wednesday it has priced $3 billion worth of two-year reference notes. The 2.375 percent notes are priced at 99.755 to yield 2.488 percent ...
    2008-03-12 11:07:00

  • Rules Let Too Many Poor People Buy Houses, Syron Says (Update2)

    Bloomberg - Freddie Mac is allowing certain cash-out refinancings , while Fannie Mae is accepting none, even to pay off second mortgages. ``The reason you have two of us is so you get competition,'' Syron said.
    2008-03-12 04:08:00

  • Measure of A Nation: Sweeping societal changes buffet US politics (The Times of Northwest Indiana)

    EDITOR'S NOTE _ This latest chapter of "The Measure of a Nation," a yearlong series of multimedia story packages about the American presidency and the presidential election as seen through the prism of the culture, explores how living in an age of immense and scary change shapes people's politics.
    2008-03-12 03:08:05

  • Target Nears Credit Card Deal (TheStreet.com)

    JPMorgan and Citi are believed to be the top contenders for the 50% stake in the business.
    2008-03-12 03:34:20

  • (AFX UK Focus) 2008-03-12 22:06 GMT: Business Highlights (Interactive Investor)

    (AP) - Southwest grounds 43 planes for checks
    2008-03-12 03:44:45

  • p0787 BC-WallStreet 22ndLd-Writethru 03-12 0894 (Hays Daily News)

    Eds: CORRECTS typo in 'deteriorating' in 4th graf. Stock prices are as of 4 p.m. Eastern Time. Moving on general news and financial services.
    2008-03-12 03:49:04

  • Dealing with the Financial Turmoil: Contingent Risks, Policy challenges, and the Role of the IMF (IMF)

    The growing financial turbulence of the past several months represents a massive stress test for the global financial system—one that has become more pervasive and more worrisome in recent weeks.
    2008-03-12 04:36:03

  • Forecast predicts Canada will barely avoid recession (Windsor Star)

    OTTAWA - There will be no growth in the Canadian economy through the first half of this year, according to a new forecast which suggests Canada will come as close to recession as it can without actually sliding into one, and that at least two provinces, Ontario and Quebec, may actually already be in one now.
    2008-03-12 05:15:17

  • Stocks Dip A Day After Huge Rally (WCSH 6 Portland)

    NEW YORK, NY (AP) -- Wall Street's euphoria over a $200 billion plan from the Federal Reserve turned to caution Wednesday, leading stocks to retreat a day after their biggest rally in more than five years.
    2008-03-12 05:16:23

  • Lenders asked to design affordable 25-year deals (Guardian Unlimited)

    Darling is trying to reopen funding markets for mortgage lenders and persuade them to design 'affordable' 25-year deals
    2008-03-12 05:31:23

  • A Day After a Big Gain, Markets Turn Wary Again (New York Times)

    Wall Street?s euphoria over a $200 billion relief plan from the Federal Reserve was short-lived. Stocks retreated a day after their biggest rally in more than five years.
    2008-03-12 06:03:05

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