Mortgage and Financial News From 2008-1-25 Page 65

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  • Riding The New 'Refi' Wave, With A Twist (Hartford Courant)

    A plunge in mortgage rates the past six months — including a drop again this week, which sent rates to the lowest levels in almost four years — is fueling another surge in refinancing, flooding mortgage brokers with much-needed business.
    2008-01-25 02:39:13

  • E*Trade Takes $2.2 Billion Charge (NYTimes.com via Yahoo! Finance)

    The discount brokerage posted a larger-than-expected quarterly loss after a $2.2 billion charge related to the sale of its asset-backed securities portfolio.
    2008-01-25 02:41:28

  • Senate Pressured to OK Stimulus Deal (Seattle Times)

    A much-anticipated deal between the White House and once-warring House leaders to speed tax rebate checks to workers starting in May has the Senate in a bind over whether to try to add to the measure.
    2008-01-25 02:41:39

  • Economy pact by House leaders, Bush could mean tax rebate checks by May; Senate OK needed (IndeOnline.com)

    WASHINGTON (AP) — With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
    2008-01-25 02:43:36

  • Day-Care Center Expected To Close (Hartford Courant)

    — Inside a nondescript white warehouse tucked between the town's old mills, 29 children from 6 weeks old to 12 years learn to write, use the computer and play with Legos.
    2008-01-25 02:54:37

  • Activists protest at subprime loan servicer's offices (Orlando Sentinel)

    Members of ACORN say Ocwen Financial is not doing enough to help distressed homeowners. Community activists with the ACORN group took another swing at subprime loan servicer Ocwen Financial Corp. on Thursday, holding protests in Orlando and elsewhere, accusing the company of shutting out distressed homeowners.
    2008-01-25 02:56:11

  • Fed helpless in its own crisis (Asia Times)

    After months of denial to sooth a nervous market, the Federal Reserve, the US central bank, finally started to take increasingly desperate steps to try to inject more liquidity into distressed financial institutions to revive and stabilize credit markets that have been roiled by turmoil since August 2007 and to prevent the home mortgage credit crisis from infesting the whole economy.
    2008-01-25 02:57:07

  • Rogue and the pogue (Asia Times)

    Sometimes, you have to wonder if the mysterious forces of random events aren't all lined up for specific outcomes.
    2008-01-25 02:57:17

  • FirstFed Reports Preliminary Results for the Fourth Quarter of 2007 (Centre Daily Times)

    FirstFed Financial Corp. (NYSE:FED), parent company of First Federal Bank of California, today announced net income of $8.4 million or $0.61 per diluted share of common stock for the fourth quarter of 2007 compared to net income of $23.0 million or $1.57 per diluted share for the third quarter of 2007 and $33.4 million or $1.97 per diluted share of common stock for the fourth quarter of 2006. ...
    2008-01-25 02:58:39

  • Housing picture still dire, but labor market steady

    MSN MoneyCentral - Wall Street made a big gamble," Yun said of the subprime mortgage market debacle, adding that for home buyers, conditions are good. Interest rates on 30-year mortgages have fallen to an average of 5.48 percent, the lowest since 2004, according ...
    2008-01-24 01:13:00

  • Stocks end up amid economy hopes

    MSNBC - Bond insurers have been hurt in the fallout from the mortgage and credit crises, and news of their problems has shaken the ... Applications for benefits dropped 1,000 to 301,000, pushing claims down to the lowest level in four months. Investors also ...
    2008-01-24 01:06:00

  • Solid Waste Services gets LEED status - Tallahassee.com

    Solid Waste Services gets LEED statusTallahassee.com, FL - 2 hours ago30-year rates drop for 4th straight week: Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, ...
    2008-01-24 11:01:31

  • Americans expect a recession but also survival - Los Angeles Times

    Americans expect a recession but also survivalLos Angeles Times, CA - 1 hour ago... Americans survive recessions unscathed than are harmed by them -- particularly those in two-income households with fixed mortgage rates and stable jobs. ...
    2008-01-25 12:00:27

  • Yesterday's trading: Rogue trader strikes again - This is Money

    Yesterday's trading: Rogue trader strikes againThis is Money, UK - 1 hour agoHopes of a rescue bid soon lifted beleaguered mortgage bank Northern Rock 10p to 104p. Reports that the Brazilian government would be against Vale's ...
    2008-01-25 12:03:38

  • Foreclosures grow, reversing trend - Spokane Journal of Business

    Foreclosures grow, reversing trendSpokane Journal of Business, WA - 1 hour agoThat, however, was the lowest rate of increase since 2002, and the number of homes sold in Spokane County last year fell to 6585 from 7246 in 2006. ...
    2008-01-25 12:11:16

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