Mortgage and Financial News From 2008-2-8 Page 47

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  • Stimulus plan helps some homeowners (Lexington Herald-Leader)

    The biggest winners in the economic rescue plan now awaiting President Bush's signature are likely to be Americans with more expensive homes who will be able to refinance their home loans at cheaper rates. For those who can take advantage of them, the bill's mortgage market provisions are likely to give more of a long-term financial boost than the tax rebates of $600 directed to individuals and ...
    2008-02-08 07:17:19

  • Lawmakers Say Bigger Role for Fannie, Freddie Should Also Come with Tighter Gov't Oversight (The Memphis Daily News)

    WASHINGTON (AP) - Senators on Thursday said Fannie Mae and Freddie Mac should play a bigger role in helping struggling homeowners even as th....
    2008-02-08 07:37:42

  • European Capital Portfolio Company Marco Polo Foods Acquires 51% Stake of Wakame Foods (PR Newswire via Yahoo! Finance)

    European Capital SA SICAR, a wholly-owned subsidiary of European Capital Limited , announced today that its portfolio company Marco Polo Foods, the leading producer in the European commercial sushi market, has acquired a 51 percent stake of Wakame Foods, one of the largest fresh sushi manufacturers and distributors in Germany.
    2008-02-08 07:58:00

  • Bigger Fannie, Freddie should have more oversight (The York Dispatch)

    MARCY GORDON WASHINGTON -- Senators on Thursday said Fannie Mae and Freddie Mac should play a bigger role in helping struggling homeowners even as they called for tighter oversight of the government-sponsored mortgage finance companies.
    2008-02-08 08:10:29

  • Stimulus benefits owners of expensive homes most (The York Dispatch)

    ALAN ZIBEL WASHINGTON -- The biggest winners in the economic rescue plan now awaiting President Bush's signature are likely to be Americans with more expensive homes who will be able to refinance their home loans at cheaper rates.
    2008-02-08 08:10:59

  • Suit Tangles Issue of James Brown’s Estate (NYTimes.com via Yahoo! Finance)

    A lawsuit filed Tuesday by two court-appointed trustees of the estate of James Brown accuses the singer’s longtime business managers of looting millions of dollars.
    2008-02-08 08:40:02

  • Canadian housing starts boost in January

    FXStreet.com - FXstreet.com (Barcelona) – The annual rate of starts of new houses has increased sharply in January from December as a consequence of low mortgage rates and high employment levels, according to the latest data released by the Canada Mortgage and ...
    2008-02-08 05:24:00

  • World's kids are not born to hate

    News.com.au - But some of them, including the Commonwealth, have taken the opportunity to claw back some of the revenue lost through reduced borrowing, hoisting their mortgage rates by more than the .25 per cent which the RBA rates could justify. Well, it's a free ...
    2008-02-08 05:53:00

  • Canadian dollar soars 1.2 percent on jobs report

    Reuters - Historically low mortgage rates, solid employment and income growth as well as a high level of consumer confidence continue to underpin the high level of housing starts", said Bob Dugan, chief economist at CMHC's Market Analysis Center, in a release. ...
    2008-02-08 06:43:00

  • NAB's rates hike above RBA's 0.25% condemned

    News.com.au - We are aware of the concern recent interest rate adjustments have and ANZ is committed to passing on reductions in mortgage lending rates to customers as market conditions ease," he said. Mr Hartzer said the absence of monthly fees on ANZ mortgages ...
    2008-02-08 05:53:00

  • Canada's jobless rate in January eases back to 33-year low of 5.8 ...

    CNBC - Canada Mortgage and Housing Corp. reported that moderate mortgage rates, solid employment, income growth and consumer confidence fueled a rise in housing starts in January to 222,700 units at an annual rate up from 184,700 in December. "It's a little ...
    2008-02-08 07:26:00

  • Republicans block attempt to add more than $40B to stimulus bill

    Sauk Valley Daily Gazette - The bill also includes $10 billion in tax-free mortgage revenue bonds to help homeowners refinance subprime loans. Reid denied Republicans an ... Opinions, advice and all other information expressed in saukvalley.com's story comments represent the ...
    2008-02-08 06:36:00

  • 30-year mortgages dip, remain under 6% for 5th week

    Baltimore Sun - WASHINGTON - Rates on 30-year mortgages dipped slightly this week, the fifth decline in the past six weeks. Freddie Mac , the mortgage company, reported yesterday that 30-year fixed-rate mortgages averaged 5.67 percent this week, down from 5.68 ...
    2008-02-08 12:10:00

  • UPDATE 1-RESEARCH ALERT-Punk's Bove ups Lehman target, shr view

    Reuters - Mortgage rates are lower now, making economic sense to refinance, he said. Bove, who finds Lehman's stock very attractive and rates it "buy," raised his price target on the company to $71 from $61. He upped his 2008 earnings-per-share estimate to $6 ...
    2008-02-08 02:54:00

  • AP Business NewsBrief at 6:42 a.m. EST

    CNBC - ... to be Americans with more expensive homes who will be able to refinance their home loans at cheaper rates. For those who can take advantage of them, the bill's mortgage ... The department sent a letter seeking more information from Vivendi's ...
    2008-02-08 03:44:00

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