Mortgage and Financial News From 2008-8-26 Page 01
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The Debt Capitals Of America - Forbes
Forget earthquakes. When it comes to central California, the biggest worry these days is debt. Home to some of the fastest-growing urban populations of recent years, this region is now faltering because of plummeting house prices and over-leveraged ...
2008-08-26 04:32:00 -
Mortgage Marketing Newsletter - Colleyville Courier
Find Mortgage Marketing. Smart Money Management Starts Here. http://www.MoneyPowerCenter.com/ Mortgage Rates at 5.65% APR Current Mortgage rates at 2-year lows. Federal fund rates dropped to 3.0% on January 30th, 2008. Act now to lock-in a low fixed ...
2008-08-25 06:28:00 -
PMI's Claims-Paying Resources Unaffected by S&P's Actions - MSN MoneyCentral
Combined U.S. Mortgage Insurance Companies Have Liquid Assets of $2.3 billion and Holding Company Liquidity of Approximately $252 million WALNUT CREEK, Calif. , Aug. 26 /PRNewswire-FirstCall/ -- The PMI Group, Inc. PMI (the Company) today announced ...
2008-08-26 01:40:00 -
At Your Service: Appraising the problem with the appraisal company - Kansas City Star
I n May I checked into refinancing my home through Lending Tree. A Liberty Home Loans representative came to my home, we filled out paperwork and I gave him a check dated May 8 for $450 that was to be for an appraisal. After numerous conversations ...
2008-08-24 05:53:00 -
Fitch Downgrades Two Classes of PNC MAC 2000-C1 - Businesswire.com
The class A-1 certificates have paid in full. The balance of classes N and O have been reduced to zero due to realized losses. The downgrades are the result of an increase in expected losses from one new specially serviced loan. Forty-one loans (39.1 ...
2008-08-26 12:07:00 -
Fitch Rates New York Water Authority's $200MM Extendible Muni CP 'F1+' - Businesswire.com
NEW YORK--( BUSINESS WIRE )--Fitch Ratings assigns an 'F1+' rating to New York City Municipal Water Finance Authority's $200 million extendible municipal commercial paper (CP) notes (series eight), expected to be issued beginning on September 3rd ...
2008-08-26 02:30:00 -
Local appraiser reprimanded, fined following investigation - Bakersfield Californian
The head of Bakersfield real estate appraisal firm Pacific Appraisal Consultants Inc. was recently disciplined by state regulators on numerous counts, public documents show. John Richard Krizo was accused of unprofessional conduct, submitting ...
2008-08-26 05:29:00 -
Climbing Sony's Mount Improbable - Times Online
Sir Howard Stringer has been musing over his three-year campaign to turn round Sony. Born in Wales rather than Japan, he was an improbable choice. Stringer admits to Forbes magazine: “Look, I didn't know what I was doing.” He took his inspiration ...
2008-08-26 03:56:00 -
Alabama County Prepares for Bankruptcy in Debt Crisis (Update1) - Bloomberg
Aug. 26 (Bloomberg) -- Jefferson County, Alabama, officials told their lawyers to prepare a bankruptcy filing if the county can't reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates. The Jefferson ...
2008-08-26 11:46:00 -
Housing market shows a hint of hope - USA Today
New housing reports out Tuesday show some of the first glimmers of stabilization in the troubled housing market, but economists say there are still significant risks that could undermine a recovery. Home prices fell at a slow pace for the fourth ...
2008-08-26 05:58:00 -
Financial Crisis Is Absent From Agendas of Parties, Candidates - Bloomberg
Aug. 27 (Bloomberg) -- The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain . While both ...
2008-08-26 09:04:00 -
Fed: Rates not too low; next move likely to be up (The Kansas City Star)
Even as they grappled with inflation worries, most Federal Reserve officials at their August meeting didn't believe the Fed's key interest rate was too low given harder-to-get credit conditions straining consumers and businesses alike.
2008-08-26 09:37:50 -
Fannie, Freddie Post Biggest Profits on Mortgages Since 1998 (Bloomberg.com)
Aug. 27 (Bloomberg) -- The crisis of confidence that sent Fannie Mae and Freddie Mac debt costs to record highs above U.S. Treasuries is also providing the mortgage-finance companies with the biggest profits on new investments since at least 1998.
2008-08-26 09:48:46 -
New bank regs to tighten business spending (The Aspen Times)
In response to the nation's current economic woes, some business owners have been hit with the harsh reality of declined loans or sharply reduced credit.
2008-08-26 09:49:10 -
Consumer outlook up; housing bottom might be near (The Standard-Times)
NEW YORK — Americans felt better about the economy in August as a barometer of sentiment posted the biggest boost in two years amid falling gas prices. Two reports suggested that a bottom could be nearing for the housing market, but economists...
2008-08-26 10:08:25