Mortgage and Financial News From 2008-2-7 Page 10

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• Great Australian dream becoming a nightmare - Brisbane Times

  Great Australian dream becoming a nightmareBrisbane Times, Australia - 2 hours ago"There are several implications of a period of slower economic growth including higher unemployment, widening pockets of home mortgage distress, ...
  2008-02-07 06:48:14

• US Congress backs stimulus for troubled economy - AFP

  US Congress backs stimulus for troubled economyAFP - 1 hour agoIt also expands financing opportunities in the housing market by allowing Fannie Mae and Freddie Mac, two mortgage finance companies, to purchase or ...
  2008-02-07 07:16:02

• Metro home sales off to slow start - Denver Post

  Metro home sales off to slow startDenver Post, CO - 55 minutes ago"This continuing decline reflects the change in lending practices that have made it more difficult for a home buyer to secure a mortgage," said Larry McGee, ...
  2008-02-07 07:53:34

• Australia's Commonwealth Bank poised to deliver another record H1 ... - Trading Markets (press release)

  Australia's Commonwealth Bank poised to deliver another record H1 ...Trading Markets (press release), CA - 33 minutes agoLim said the bank's decision to raise its variable home loan rates twice this year -- the first time in the absence of a move from the Reserve Bank -- will ...
  2008-02-07 08:15:14

• DAILY DIGEST - San Francisco Chronicle

  DAILY DIGESTSan Francisco Chronicle,  USA - 30 minutes agoOther mortgage rates also declined this week. Rates on 15-year mortgages dipped to 5.15 percent, compared with 5.17 percent last week. ...
  2008-02-07 08:18:38

• Credit Scores: Not So Magic Numbers - BusinessWeek

  Credit Scores: Not So Magic NumbersBusinessWeek - 24 minutes agoBut with mortgage defaults surging and credit-card issuers bracing for more problems, the wizard seems to have lost some of its magic. ...
  2008-02-07 08:24:54

• Make £70000 with one decision - MSN Money UK

  Make £70000 with one decisionMSN Money UK, UK - 22 minutes ago... an estimated 1.4 million homeowners will see their mortgage repayments rise by an average of £210 a month because their short term fixed-rate home loans ...
  2008-02-07 08:26:49

• Worried about repossession? - MSN Money UK

  Worried about repossession?MSN Money UK, UK - 22 minutes agoOr, if you are on a standard variable rate (SVR), you could switch to a tracker or a fixed-rate mortgage to reduce your monthly repayments. ...
  2008-02-07 08:26:49

• Bitterroot avoids major subprime impacts (Ravalli Republic)

  Note: This is part two of a two-part series on the impact, or lack of it, that the subprime mortgage meltdown and related economic woes have had on the Bitterroot Valley.
  2008-02-07 08:11:49

• Congress OKs plan to boost economy / Bipartisan vote speeds stimulus package to president for signature (San Francisco Chronicle)

  Congress, facing the prospect of an election-year recession, passed an emergency plan Thursday that rushes rebates of $600 to $1,200 to most taxpayers and $300 checks to disabled veterans, the elderly and other low-income people. President Bush indicated he...
  2008-02-07 08:38:27

• National Australia Buys A$1 Billion of Rams Loans (Update1) (Bloomberg.com)

  Feb. 8 (Bloomberg) -- National Australia Bank Ltd., the nation's biggest by assets, bought A$1 billion ($895 million) of mortgages from RHG Ltd., helping to free the mortgage lender from debts totaling more than A$6 billion.
  2008-02-07 08:39:41

• Credit Scores: Not-so-Magic Numbers (BusinessWeek)

  How much did the once-vaunted FICO credit scoring system contribute to the subprime fallout?
  2008-02-07 08:40:47

• LSB Financial Corp. Announces Year-End and Fourth Quarter Results

  MSN MoneyCentral - Deposit account service charges 467 454 1,838 1,766 Gain on sale of mortgage loans 27 41 201 214 Gain on sale of securities ...
  2008-02-07 01:18:00

• Genworth Q4 net drops on mortgage losses

  Guardian Unlimited - Genworth and other private mortgage insurers have been hard hit by a rise in defaults on privately-insured mortgages, as a ... Defaults have included subprime and Alt-A loans, which often go to people that can't fully document their earnings or ...
  2008-02-07 03:34:00

• Nationwide Financial Reports Fourth Quarter Results

  MSN MoneyCentral - Securities available-for-sale, at fair value Fixed maturity securities $ 27,189.2 $ 28,160.0 Equity securities 124.2 67.6 Mortgage loans on real estate, net 8,316.1 ...
  2008-02-07 01:54:00

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