Mortgage and Financial News From 2008-1-22 Page 16

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  • Boon for borrowers, blow to savers - Los Angeles Times

    Boon for borrowers, blow to saversLos Angeles Times, CA - 21 minutes agoDavid Jones, president of the Assn. of Independent Consumer Credit Counseling Agencies in Orlando, saw both bad and good in the Fed's move. ...
    2008-01-22 07:23:50

  • Toronto stock market recovers most of its losses as central banks ... - 680 News

    Toronto stock market recovers most of its losses as central banks ...680 News, Canada - 16 minutes agoWhat's clear is that no one yet knows how much economic damage has been caused by the implosion of the US subprime mortgage sector. ...
    2008-01-22 07:28:47

  • World stock markets plunge as global recession fears grow - Tehran Times

    World stock markets plunge as global recession fears growTehran Times, Iran - 15 minutes agoThe US economy has been hit hard by rising defaults in the ""sub-prime"" mortgage sector, in which Americans with bad credit records are struggling to pay ...
    2008-01-22 07:30:08

  • Worries That the Good Times Were a Mirage (New York Times)

    For years many spent freely. Now comes the big payback.
    2008-01-22 06:56:23

  • Analysis: Can government moves stop economic vicious cycle? Fears can be self-fulfilling (FOX 43 Hampton Roads)

    Federal Reserve Chairman Ben Bernanke and his colleagues took the action after an emergency video conference on Monday night, a day when global markets had been pounded by rising concerns that weakness in the world's largest economy was spreading worldwide.
    2008-01-22 07:05:21

  • Local Experts: Some Winners, Some Losers in Market Fluctuation (FOX 29 Philadelphia)

    The market fluctuations mean some winners and some losers, according to financial advisors. How can you protect yourself?
    2008-01-22 07:05:21

  • Bond insurance crisis looms on Wall Street (The Globe and Mail)

    Insurers of housing debt exposed to $125-billion in the shaky U.S. credit market
    2008-01-22 07:10:46

  • Apple's Profits Soar, Stock Dips (Hartford Courant)

    Forecast Far Below Expectations; Ambac Financial Reports $3.3 Billion Loss Apple Inc. blew past Wall Street's bullish expectations in the first quarter with a 57 percent jump in profits, but a dramatically lower forecast sent shares plunging on fears about slowing consumer spending on electronics.
    2008-01-22 07:13:35

  • Boon for borrowers, blow to savers (Los Angeles Times)

    If you're in debt, the Fed rate cut could give you immediate relief. If you bank up your money, it'll grow a lot slower. For many Americans, the effects of the Federal Reserve's aggressive rate cut will be swift and striking. The average borrower could save hundreds of dollars within a few months -- and the average saver could lose just as much.
    2008-01-22 07:30:18

  • The Democratic Debate in South Carolina (New York Times)

    The following is a transcript of the Democratic debate in South Carolina.
    2008-01-22 07:31:01

  • Market Drop, Fed Cut Create Opportunities For Cherry Pickers (WallStreet Journal via Yahoo! Finance)

    For investors with a long-term view, the stock-market's decline creates some alluring value. Here are market strategists' recommendations about how to maneuver amid sinking stocks, soaring bond prices and lower interest rates.
    2008-01-22 07:37:58

  • What impact will the Fed's rate cut have?

    Omaha World-Herald - Housing. Some adjustable-rate mortgages may decline slightly, but it will take time before there's a substantial impact. Some ... It's the reverse of the "wealth effect," which has spurred consumer spending for the past several years based on increases ...
    2008-01-22 10:45:00

  • Jackson urges foreclosure protest

    San Francisco Examiner - Jackson’s Rainbow Coalition has been seeking a nationwide moratorium on interest rates for adjustable-rate mortgages ... recently filed a lawsuit against mortgage lender Wells Fargo alleging the company engaged in a practice called “reverse ...
    2008-01-22 01:59:00

  • Bush Stimulus Package Misses the Point

    Common Dreams - ... investors, including home mortgages. The result: a vicious cycle of debt, with foreign investors fuelling a housing market boom that required households to borrow money that foreigners were willing to borrow. This process is now going into reverse ...
    2008-01-22 02:06:00

  • Senior Center News

    Duxbury Clipper - Reverse Mortgages…Learn about Federal Housing Administration Reverse Mortgage Income Programs from John Fournier who will be available to meet with you at the Senior Center (by appointment) on Jan. 28 from 1:00 to 3:00 p.m. For an appointment ...
    2008-01-21 03:54:00

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