Mortgage and Financial News From 2008-3-20 Page 3
Previous Day: 2008-03-19
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The Fed can only help so much (The York Dispatch)
Any present optimism may be premature. Economic fundamentals are dreary and there is only so much the government can do to make things better before making things worse.
2008-03-20 08:08:11 -
Market Deleveraging Smacks Gold (Kitco.com)
I'm sure you know that gold and oil stocks took huge hits yesterday. I discussed a likely commodity correction over the weekend and in a WSW Power Investor update yesterday gave some initial targets and explained what I'm looking for as a buy signal. We aren't there yet.
2008-03-20 08:25:20 -
Examiner.com Related Articles: (The San Francisco Examiner)
The markets are apt to stay volatile for some time, as investors digest news on the economy and the troubled financial sector. "It's the every-other-day theory - up one day, and down the next," said Scott Brown, chief economist at Raymond James & Associates.
2008-03-20 08:56:02 -
Here's How To End The Panic (Forbes)
The Bush administration must take these two steps to quickly halt the enervating credit crisis.
2008-03-20 09:02:08 -
Swiss bank Credit Suisse warns no profits expected in first quarter (Channel NewsAsia)
ZURICH : Swiss banking giant Credit Suisse issued a profit warning on Thursday because of its exposure to the US sub-prime loan crisis, fuelling renewed concerns on the health of the banking sector.
2008-03-20 09:03:04 -
Should You Unlock Capital From Your Home? (The Motley Fool)
Does it make sense to borrow more money against your home?
2008-03-20 09:53:22 -
The Lack Of A Problem (GoldSeek.com)
To explain what I mean about nothing going wrong, let’s review a bit of ancient history, and talk about how ratings and securitized mortgages used to work. You started with a creditworthy borrower, and a significant piece of equity invested in the property.
2008-03-20 09:53:44 -
Bill giving seniors tax override break is praised, panned (Boston Globe)
A bill that would allow cities and towns to exempt low- to moderate-income seniors from override tax increases won enthusiastic approval in the House late last month. As the bill remains pending in the Senate, voters south of Boston are giving it mixed reviews.
2008-03-19 11:44:42 -
The middle-class 'property tycoons' now burned by buy-to-let (Daily Mail)
Tempted by massive profits in the housing boom, thousands invested everything in buy-to-let, often without evening seeing the property. Now they face meltdown. Innocent victims? Or just too greedy for their own good?
2008-03-20 01:15:50 -
Umbrella insurance policy could help save your assets (The Sarasota Herald-Tribune)
Here's the nightmare Your car skids. You crash into a Mercedes with a highly paid business executive at the wheel. He is hurt so badly he cannot return to work. A jury awards him millions of dollars and you have to pay it.
2008-03-20 01:45:23 -
Banks not following Fed's lead (Savannah Morning News)
The Federal Reserve has been slashing short-term interest rates since August with precious little effect on the one that matters most to homeowners and home buyers: the 30-year fixed rate.
2008-03-20 06:40:32 -
Office buildings fetch $383 a square foot (Arizona Business Gazette)
Principal Financial Group, operating under the name Portales Corporate Center LLC , of Des Moines, Iowa, bought a majority stake in the Portales Corporate Center I and II buildings at 48004900 Scottsdale Road in Scottsdale from Pacific Coast Capital Partners and Forum Capital in separate deals for $172.7 million.
2008-03-20 07:49:36 -
REAL ESTATE: Two historic houses are sold on same day (Ridgefield Press)
In a case of dreams coming true, two sets of homeowners scooped up two of the town’s most coveted Ridgefield properties on the same day, Feb. 28.
2008-03-20 05:14:17 -
Morgan Stanley Profits a $ign of Recovery? (ABC News)
Wall Street may be getting a better grip on the credit crisis.
2008-03-20 05:29:43 -
Allianz insurance issues profit warning, with focus on banking unit (Servihoo)
The German insurance group Allianz issued a profit warning for this year and next on Thursday. Chief executive Michael Diekmann said that meeting targets would become "much more challenging" and that further writedowns in the banking division were likely.
2008-03-20 05:46:44
