Mortgage and Financial News From 2008-2-12 Page 11

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• Builders: No More Campaign Contributions

  Forbes - The stimulus package raises the maximum size of mortgages that government-sponsored mortgage companies Fannie Mae and Freddie Mac can purchase and market as securities from $417,000 to as high as $729,750 in expensive parts of the country such as New ...
  2008-02-12 03:00:00

• Commonwealth's Profit Growth Is Slowest in 3 Years (Update3) - Bloomberg

  Commonwealth's Profit Growth Is Slowest in 3 Years (Update3)Bloomberg - 1 hour agoStill, the bank increased its share of the Australian home loans market to 18.8 percent from 18.4 a year ago as smaller mortgage companies without deposits ...
  2008-02-12 07:08:12

• Hong Kong shares higher on Buffett's plan to aid US bond insurers ... - Forbes

  Hong Kong shares higher on Buffett's plan to aid US bond insurers ...Forbes, NY - 1 hour agoWorries about the fallout from the subprime mortgage crisis, a slowdown in the US economy and delays in China's plan announced in August to allow its ...
  2008-02-12 07:12:01

• Nothing risked, something gained - USA Today

  Nothing risked, something gainedUSA Today - 1 hour agoBut the insurers also guaranteed some mortgage loans. If the insurers are hit with an avalanche of mortgage claims, investors worry there may not be enough ...
  2008-02-12 07:32:14

• Japan set to post modest economic growth: Analysts - Economic Times

  Japan set to post modest economic growth: AnalystsEconomic Times, India - 1 hour agoA credit crisis triggered by a wave of mortgage defaults has pummeled the US. The BoJ is due to begin a two-day monetary policy meeting on Thursday, ...
  2008-02-12 07:34:19

• All Rights Reserved - Smoky Mountain Sentinel

  All Rights ReservedSmoky Mountain Sentinel, NC - 1 hour agoSteer clear of foreclosure assistance or rescue companies that want you to make your mortgage payment to them, or who tell you not to talk to your mortgage ...
  2008-02-12 07:43:09

• Some threatened with foreclosure to get short break - Winston-Salem Journal

  Some threatened with foreclosure to get short breakWinston-Salem Journal, NC - 1 hour ago... which would buy mortgages at steep discounts from mortgage companies and banks and then rework the loans based on the reduced value of the properties, ...
  2008-02-12 07:45:06

• Hong Kong shares higher on US lead; oil stocks extend gains - UPDATE - CNNMoney.com

  Hong Kong shares higher on US lead; oil stocks extend gains - UPDATECNNMoney.com - 48 minutes agoAlthough the bailout does not cover risky mortgage-related securities, it helped ease concerns over the financial sector. China stocks were up despite ...
  2008-02-12 07:57:56

• MARK HULBERT The Dow's dogs - MarketWatch

  MARK HULBERT The Dow's dogsMarketWatch - 48 minutes agoWright adds an additional twist when focusing on dividend yield: Rather than comparing a company's yield with those of other companies, he compares it to ...
  2008-02-12 07:58:05

• Toyota, Honda, Nissan Japan Unions Ask for More Pay (Update4) - Bloomberg

  Toyota, Honda, Nissan Japan Unions Ask for More Pay (Update4)Bloomberg - 37 minutes ago``Because of rising oil prices and the subprime mortgage problem, we will respond cautiously,'' Nissan Senior Vice President Hitoshi Kawaguchi said at a ...
  2008-02-12 08:08:40

• Program in place for homeowners facing foreclosure - KGET 17

  Program in place for homeowners facing foreclosureKGET 17, CA - 33 minutes agoThere’s every possibility that I will keep it if I can get them out and cut a deal with the mortgage company.” Oberle hopes a new mortgage rescue program ...
  2008-02-12 08:13:26

• Warren Buffet = ambulance chaser. - Daily Reckoning - Australian Edition

  Warren Buffet = ambulance chaser.Daily Reckoning - Australian Edition, Australia - 22 minutes agoLured by easy profits, the bond insurers branched out from safe municipal bonds and started guaranteeing new kinds of securities, mortgage-backed bonds, ...
  2008-02-12 08:24:06

• WaMu directors questioned - Seattle Post Intelligencer

  WaMu directors questionedSeattle Post Intelligencer - 12 minutes ago"The failure of the company to maintain a disciplined commitment to reducing mortgage risk exposure, at least as manifested in the overall size of these ...
  2008-02-12 08:33:57

• Tell us your Blue Chip stories

  New Zealand Herald - This morning got a call from mortgage broker who wants to discuss the loan for the substitute property. Incredible. They seem to carry on business as usual even with all the debacle going on. We are waiting to see what trick they will pull next. We ...
  2008-02-12 05:23:00

• OPINION - Booze and binges just not cricket

  Hawke's Bay Today - Despite fellow mortgage broker Mike Pero wading into the debate to counter Parore to boost his own ratings I feel Parore does make a valid point. Shave off the barbs and you'll find Parore says a mouthful. If Ryder knows what's good for him he ...
  2008-02-12 05:37:00

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