Mortgage and Financial News From 2008-9-16 Page 7
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Mark Zandi on the Housing Bottom - US News and World Report
I just spoke with Mark Zandi, chief economist for Moody's Economy.com, informal adviser to John McCain's presidential campaign, and the author of "Financial Shock: A 360 Degree Look at the Subprime Mortgage Implosion, and How to Avoid the Next ...
2008-09-16 01:37:00 -
US September NAHB Housing index rises two points to 18 on GSE bailout - Forbes
WASHINGTON (Thomson Financial) - US homebuilder confidence rose in September for the first time in seven months, as homebuilders saw new signs that recent government actions to prop up Fannie Mae and Freddie Mac have helped lower mortgage rates and ...
2008-09-16 11:28:00 -
Moody's: GSE Bailout Lowers Mortgage Rates, Stabilizes Housing ... - Seekingalpha.com
Someone buying a home today is already better off than if they were buying a week ago. - David Motley, president of Fort Worth’s Colonial National Mortgage, the origination division of Colonial Savings, referring to the drop in interest rates ...
2008-09-16 04:07:00 -
Home builder sentiment up for 1st time in 7 mos - Reuters
NEW YORK (Reuters) - U.S. home builder sentiment rose for the first time in seven months in September, inching off a record low, as falling mortgage rates and an array of factors buoyed confidence, an industry group said on Tuesday. The National ...
2008-09-16 12:32:00 -
What does it all mean to the housing and mortgage markets, whose ... - San Francisco Gate
Believe it or not, the past eight days provided a dose of good news - at least in the short term, because mortgage rates are down. Long-term impact is harder to predict - and many experts say fallout from the turmoil could whipsaw housing and ...
2008-09-16 09:26:00 -
Home Builder Confidence "Building": Will Buyers Follow? - CNBC
I have to say I was not surprised that home builder sentiment ticked up two points this month after seven straight months of decline. [ FRE Loading... ( ) ] and the ensuing drop in mortgage rates are clearly a boon for builders, in ...
2008-09-16 12:32:00 -
A cautionary tale of guzzlers and squirrellers (Times Online)
Lots of people are losing jobs in the crunch. But there are compensations watching the greedy get their comeuppance
2008-09-16 03:45:42 -
AsureQuality appoints Chief Financial Officer (Scoop.co.nz)
AsureQuality, the country's leading provider of food safety and biosecurity assurance services has appointed Alan Bird as its Chief Financial Officer.
2008-09-16 03:46:48 -
Getting Suckered by Wall Street - Again (Time Magazine)
The collapse resulted from the failure of promises that weren't worth the subprime paper they were printed on
2008-09-16 04:00:40 -
The Mortgage Clinic: 'How long can we hold out for the best deal?' (Independent)
Our current two-year fixed deal runs out on 5 December but, with many mortgage rates seemingly dropping fast, what's the absolute latest we can apply for a remortgage? We really don't want to miss out on any rate cuts – obviously it's a risk they might rise again, but we're happy to take the chance. J Greenway, Nottingham
2008-09-16 04:17:48 -
Can You Afford It? Church Barn, Weston Coleville (Independent)
What you get: Care was clearly taken in converting this barn into a three-bedroom home. The interior is reminiscent of a farmhouse and has retained a wealth of original features: exposed brickwork, an inglenook fireplace and oak beams.
2008-09-16 04:18:18 -
Paula John: Market News (Independent)
GOING UP... The number of people visiting DIY websites. Hitwise, a service that monitors website usage, claims that visits to home and garden retailer sites increased from 0.40 per cent to 0.59 per cent of all web visits from August 2007 to the same time this year.
2008-09-16 04:19:18 -
Credit Crisis: Just how bad can it get? (Independent)
Richard Lambert, CBI director-general
2008-09-16 04:21:56 -
AIG At The Brink (Forbes)
Insurance company has just hours to find billions of dollars in capital.
2008-09-16 04:40:02 -
Wholesale jitters take toll on HBOS - Financial Times
Concerns about HBOS ’s exposure to wholesale funding prompted a 22 per cent decline in its share price Tuesday, following an 18 per cent fall on Monday. Jitters in the wholesale market, intensified by the collapse of Lehman , have particularly ...
2008-09-16 02:55:00