Mortgage and Financial News From 2008-6-26 Page 15
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All Eyes on the Fed Today - ABC News
The Federal Reserve is widely expected this afternoon to leave interest rates at current levels, putting an end to seven consecutive cuts. Federal Reserve Chairman Ben Bernanke speaking on the economy. (Charles Rex Arbogast/AP Photo) Since September ...
2008-06-25 04:02:00 -
Study: Many teens get alcohol from adults - Morning Call
WASHINGTON - Many of the nation's estimated 10.8 million underage drinkers are turning to their parents or other adults for free alcohol. A government survey of teens from 2002 to 2006 said slightly more than half had engaged in underage drinking ...
2008-06-25 10:10:00 -
Fed keeps a lid on interest rates - Globe and Mail
Caught between the rock of a battered economy and the rising tide of inflation fears, the U.S. Federal Reserve Board took the safe path yesterday and opted to leave its benchmark interest rate unchanged. In as few words as it could manage, the ...
2008-06-25 11:58:00 -
Hong Kong shares end morning higher; properties up after Fed decision ... - Forbes
HONG KONG (XFN-ASIA) - Share prices finished the morning higher on follow-through interest after yesterday's rebound, with large-caps and China stocks gaining. Property stocks also found support as worries over mortgage rates eased after the US ...
2008-06-25 11:58:00 -
Freddie Mac Mortgage Portfolio Rises to Highest Ever (Update2) - Bloomberg
June 25 (Bloomberg) -- Freddie Mac 's portfolio swelled to the highest level ever as the U.S. mortgage-finance company used its expanded buying powers to invest in securities it guaranteed. The portfolio rose by $32.8 billion to $770.4 billion in May ...
2008-06-25 11:26:00 -
Fed Caught In Policy Dilemma On Rates - Forbes
Ahead of the U.S. presidential election in November, and following Wednesday's decision to leave interest rates unchanged, Federal Reserve Chairman Ben Bernanke faces a policy dilemma. He knows that maintaining interest rates at their current low ...
2008-06-26 03:11:00 -
Harvard: Housing slump hasn't run full course - Boston Globe
The current US housing slump is shaping up to be the worst in a generation, according to the Joint Center for Housing Studies of Harvard University . The center today issued its annual "State of the Nation's Housing Report." The center said in a ...
2008-06-23 08:58:00 -
Homeowners find loan aid is limited (San Diego Union-Tribune)
Lenders and loan-servicing companies say foreclosing on distressed homeowners is the last thing they want to do. Federal Reserve Chairman Ben Bernanke has urged them to modify loan terms instead of going through the costly process of evicting homeowners and reselling their dwellings.
2008-06-26 03:10:57 -
Fed Caught In Policy Dilemma On Rates (Forbes)
Political environment and economic conditions may keep rates low, but inflation risks, weak dollar raise concerns.
2008-06-26 03:11:33 -
Vice Chairman Donald L. Kohn (Federal Reserve Board)
During the past decade, one of the most prominent themes sounded by policymakers, observers, and analysts of international economic developments has been "globalization."
2008-06-26 03:33:35 -
Bank policymakers at Treasury Committee (Reuters via Yahoo! UK & Ireland News)
Below are highlights from Bank of England Governor Mervyn King and other Monetary Policy Committee members' testimony before parliament's Treasury Select Committee on Thursday.
2008-06-26 03:42:00 -
States also offer VA loans (Bankrate.com)
While federal Veterans Administration home loans offer potential homebuyers some good deals, especially if they don't have a down payment, 11 states, including California, Wisconsin and New Jersey, also offer mortgage opportunities for veterans.
2008-06-26 03:50:26 -
Study: Subprime mess hits blacks harder - Crain's Cleveland Business
Subprime home loans are responsible for an outsized share of recent foreclosure filings in Cuyahoga County, according to a just-released study by the Center on Urban Poverty and Community Development at Case Western Reserve University. Those loans ...
2008-06-24 05:44:00 -
Senate seen approving housing rescue bill - Washington Post
Resize Text WASHINGTON (Reuters) - The Senate was expected to approve as soon as Wednesday the biggest government program yet to tackle a deep housing market slump feared to be dragging the economy into recession. The legislation would create a $300 ...
2008-06-24 02:26:00 -
Foreclosures Increase Homelessness [Housing Tracker] - Seekingalpha.com
Font Size: New Faces Join Ranks Of Nation's Homeless. “Thousands of both former homeowners and renters are winding up in shelters... National Coalition for the Homeless: Nearly 61% of local and state homeless coalitions say they've seen a rise in ...
2008-06-26 01:59:00