Mortgage and Financial News From 2008-2-7 Page 5

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• These may be the best deals you'll never get - St. Petersburg Times

  These may be the best deals you'll never getSt. Petersburg Times, FL - 33 minutes agoOur rich uncle - the US Federal Reserve - is dispensing cheap credit. But we don't have the financial choppers to qualify for the mortgages. ...
  2008-02-07 10:21:50

• National Australia Buys A$1 Billion of Rams Loans (Update2) - Bloomberg

  National Australia Buys A$1 Billion of Rams Loans (Update2)Bloomberg - 32 minutes agoThe bank will collect service fees from the mortgages while Rams will continue to pay broker commission, which Potts said is ``really bad news'' for the ...
  2008-02-07 10:22:51

• Flexsteel Announces Second Quarter and Year-To-Date Operating Results (wallstreet:online AG)

  Flexsteel Industries, Inc. (5808;NASDAQ:FLXS) today reported sales and earnings for its second quarter
  2008-02-07 05:43:48

• Flexsteel Announces Second Quarter and Year-To-Date Operating Results (Centre Daily Times)

  Flexsteel Industries, Inc. (NASDAQ:FLXS) today reported sales and earnings for its second quarter and fiscal year-to-date ended December 31, 2007.
  2008-02-07 05:55:21

• Be Happy With What You Can Afford (Washington Post)

  In a recent online discussion, I received a question about a problem that plagues many people. It has to do with the Joneses, or rather the friends, family, co-workers or neighbors we try to emulate with our own purchases.
  2008-02-07 06:39:50

• Congress Passes Stimulus Package (Local 6 Orlando)

  Congress passes an economic aid bill with election-year rebates of $600 or $1,200 for most taxpayers.
  2008-02-07 06:52:10

• In the Depths of a Credit Crisis, Its Creators Revel in Las Vegas (NYTimes.com via Yahoo! Finance)

  The 5th annual conference of the American Securitization Forum was a celebration of the financial wizardry that turns risky loans into securities, but does not always make them safe.
  2008-02-07 07:39:03

• A Truly Contrarian Day, Pado Says (Nasdaq)

  (RTTNews) - Cisco Systems reported earnings after the close Wednesday evening.
  2008-02-07 07:55:24

• Calculate numbers before refinancing (The Nashua Telegraph)

  Mortgage rates fell this week, keeping a refinancing boomlet alive. The benchmark 30-year fixed-rate mortgage fell 10 basis points, to 5.78 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. ...
  2008-02-07 09:21:43

• National Australia Buys A$1 Billion of Rams Loans (Update2) (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 10:24:45

• Crunch time for credit insurers

  MSNBC - In order to expand, they started insuring the complex securities that Wall Street created by packaging mortgages, including ... The problem is that this process works in reverse, too. If the insurers lose their AAA ratings — credit agencies have made ...
  2008-02-04 03:59:00

• Credit Scores: Not-So-Magic Numbers

  BusinessWeek - We don't believe it's possible to reverse-engineer the FICO scoring formula." Until a few years ago, FICO was just one factor in the underwriting process. But as Wall Street grew hungrier for mortgages it could stuff into securities and sell to ...
  2008-02-06 03:57:00

• Luxury car sales may fall in '08

  CNBC - In addition, many of those buyers have seen their home values drop and adjustable rate mortgages go up, he said. Nerad expects ... Paul Taylor, chief economist for the National Automobile Dealers Association, said a federal stimulus package could reverse ...
  2008-02-07 12:49:00

• Rescuing monolines is not a long-term solution

  Financial Times - A critic can find numerous examples of incredible, bubble-popping asset structures – from subprime mortgages to structured investment vehicles to collateralised debt obligations squared – that are threatening to reverse the expansion of the ...
  2008-02-07 10:19:00

• Senior Vigor: News for elder set

  East Hartford Gazette - Coffee Talk - Reverse Mortgages, Friday, March 7, 2008, 10:00-11:00 AM, South End Senior Center. Join us for coffee and refreshments and learn more about reverse mortgages. Joe Benoit from Wells Fargo Home Mortgage will share information and answer ...
  2008-02-07 11:45:00

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