Mortgage and Financial News From 2008-1-25 Page 57

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  • Congress weighing stimuli for economy - Inland Valley Daily Bulletin

    Congress weighing stimuli for economyInland Valley Daily Bulletin, CA - 8 hours ago"Increasing the limit might be very difficult to reverse." Lifting the FHA limit - which involves loans that go to borrowers with less than stellar credit ...
    2008-01-24 08:10:30

  • Feds would back jumbo mortgages in economic plan - Palm Beach Post

    Feds would back jumbo mortgages in economic planPalm Beach Post,  United States - 7 hours agoBy MARILYN GEEWAX WASHINGTON — To help reverse the severe housing slump, Congress will include measures to boost home sales as part of its economic stimulus ...
    2008-01-24 09:07:13

  • Education Panacea for All Ills, Say WEF Delegates (Arab News)

    DAVOS, Switzerland, 25 January 2008 — Education was the prime focus in many sessions on the second day of the World Economic Forum’s Annual Meeting here yesterday.
    2008-01-24 04:24:48

  • Retired people feeling the financial squeeze (Wairarapa Times-Age)

    Retirees are feeling the pinch of the global credit crunch, cooling property market, finance company collapses and a continuing national stock market slump.
    2008-01-24 08:31:01

  • Feds would back jumbo mortgages in economic plan (The Palm Beach Post)

    To help reverse the severe housing slump, Congress will include measures to boost home sales as part of its economic stimulus plan, Rep. Barney Frank, D-Mass., said Thursday.
    2008-01-24 09:16:54

  • Rebates on fast track, but don't expect a check until May (Houston Chronicle)

    Senate Democrats criticized the plan, which also provides tax breaks for businesses, and said they were developing their own package that could include temporarily extending unemployment benefits and increasing food stamp benefits.
    2008-01-24 10:47:10

  • Reprieve for Elderly Home Owner (Fox 6 News San Diego)

    An elderly man who was facing foreclosure is getting a reprieve after the loan brokers admit to fudging the numbers on his loan application.
    2008-01-25 12:33:34

  • Former assessor files claim (Mohave Valley News)

    PHOENIX (AP) - Former Maricopa County Assessor Kevin Ross has filed an $8 million malicious-prosecution claim against the state and county, saying charges brought against him by Attorney General Terry Goddard were politically motivated and based on inaccurate information.
    2008-01-25 02:32:47

  • French bank loses $7.2 billion in fraud

    Los Angeles Times - Societe Generale, the second-largest bank in France, was thrown into crisis today after revealing that a rogue trader had ... investors that it had "very limited exposure" to the turmoil in debt markets caused by the crisis in U.S. sub-prime mortgages. ...
    2008-01-24 12:16:00

  • BBVA says fear is overblown

    Financial Times - ... foreign investors, by offering additional guarantees, according to Francisco González, chairman of BBVA , Spain’s second ... Although demand for mortgages and personal loans was falling, corporate activity was holding up well. As a result, he expected ...
    2008-01-24 03:22:00

  • Stimulus Package Revs Up Wall Street

    Forbes - ... designed to spur consumer spending and jumpstart the American economy, helped send stocks to a positive close for a second ... Freddie Mac (nyse: FRE - news - people ) saw the cap on mortgages they can purchase upped to $725,000 from ...
    2008-01-24 01:49:00

  • Morgan Stanley to Cut About 1,000 Jobs, Person Says (Update2)

    Bloomberg - Jan. 24 (Bloomberg) -- Morgan Stanley, the second-biggest U.S. securities firm, plans to eliminate about 1,000 jobs as ... Stanley, which reported its first-ever quarterly loss last month, cut 900 jobs last year from areas that offered mortgages ...
    2008-01-24 01:28:00

  • Hong Kong's key index drops 2.3 percent on French bank's writedown

    CNBC - Index heavyweight HSBC dipped 0.7 percent to HK$115.40 as CLSA Asia-Pacific Markets lowered its target price on the U.K. banking giant to HK$80.00 from HK$110.00 because of its exposure to U.S. sub-prime mortgages. Bourse operator HK Exchanges ...
    2008-01-24 02:58:00

  • Specialist discusses mortgages and real estate

    Boston Globe - Second of all, it might be a little harder to get aproval for a cash-out refinance. They're going to want you to keep a lot ... I borrowed 100% of my townhomes value in 2005 and used two mortgages. I make I make $25G more now than I did when I got my ...
    2008-01-24 11:19:00

  • Fitch Affirms FSA's 'AAA' IFS Ratings Following Review of Subprime ...

    Forbes - At the present time FSA maintains about $9 billion of prime second-lien mortgages. Favorably, Fitch notes the company's concentration to this asset class is smaller than its largest competitors. While FSA has minimal direct insured exposure to SF ...
    2008-01-24 02:03:00

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