Mortgage and Financial News From 2008-9-10 Page 12
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Lehman Brothers Announces Preliminary Third Quarter Results and Strategic Restructuring (PR Newswire via Yahoo! Finance)
Lehman Brothers Holdings Inc. , the global investment bank, announced today, in conjunction with its preliminary third quarter results, a comprehensive plan of initiatives to reduce dramatically the Firm's commercial real estate and residential mortgage exposure, generate additional capital through the sale of a majority stake of the Investment Management Division and reduce the annual ...
2008-09-10 04:45:00 -
Network comparison site launched (Money Marketing Online)
A new website to help mortgage brokers choose a new network has been launched. ...
2008-09-10 04:59:09 -
If rates down, interest up? (Modesto Bee)
Mortgage brokers and real estate agents are calling clients with good news this week: Home loan interest rates have dropped about half a percent, making bargain-priced houses even more affordable.
2008-09-10 05:04:09 -
Fed Loans May Give Lehman Breathing Room Bear Lacked (Update1) (Bloomberg.com)
Sept. 10 (Bloomberg) -- Access to Federal Reserve loans means Lehman Brothers Holdings Inc ., which lost half its value the past two days, may have breathing room that Bear Stearns Cos.
2008-09-10 05:21:43 -
Wall Street Fears on Lehman Bros. Batter Markets (The Wilmington Star-News)
Investors were gripped by fears that another big financial institution might founder and that the government might not come to the rescue.
2008-09-10 05:21:59 -
Mintel: Declining home prices woo new buyers to housing market - Forbes
The housing boom of 2004-2005 led to a bust that's worse than most expected. Home prices are still falling, foreclosures rising, and home ownership rates are starting to drop. Still, market research firm Mintel sees golden opportunities in this ...
2008-09-08 09:07:00 -
Mortgage applications up - Reuters
NEW YORK (Reuters) - The lowest 30-year mortgage rates since late May boosted demand for mortgage applications last week, particularly by homeowners looking to refinance existing loans, according to data published by an industry group on Wednesday ...
2008-09-10 04:04:00 -
Mortgage Refinancing Jumps as Rates Slip - CNBC
The lowest 30-year mortgage rates since late May boosted demand for mortgage applications last week, particularly by homeowners looking to refinance existing loans, according to data published by an industry group on Wednesday. Average 30-year loan ...
2008-09-10 03:57:00 -
Philadelphia area beats U.S. in pending home sales - Philadelphia Inquirer
The eight-county Philadelphia region outperformed the nation as the number of home-purchase agreements signed here in July rose 8.8 percent from June, according to figures out yesterday. However, the Prudential Fox & Roach HomExpert Pending Sales ...
2008-09-09 11:46:00 -
Federal Mortgage Success Stories (The Gadsden Times)
Despite the governments takeover of Fannie Mae and Freddie Mac, other government-linked lenders have come through the credit crisis largely unscathed. Some of them, in fact, are even prospering.
2008-09-10 04:08:12 -
EU pares 2008 growth forecast (The Globe and Mail)
BRUSSELS — Euro zone economic growth will halve in 2008 from 2007 and inflation will be much higher because of financial turmoil, soaring commodity prices and housing market shocks, the European Commission said on Wednesday.
2008-09-10 04:15:54 -
Turnpike Use Down As Gas Prices Skyrocket (WCVB Boston)
Expensive gas is leading to fewer drivers on the Massachusetts Turnpike.
2008-09-10 04:30:29 -
EU pares 2008 growth forecast (The Globe and Mail)
European Commission sees Germany, Spain and Britain in recession and says current outlook may be too optimistic
2008-09-10 04:37:38 -
Futures rise after sell-off (EARTHtimes.org)
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday as investors looked to scour the market for beaten-down shares, a day after Wall Street had its worst slide in one and a half years.
2008-09-10 04:38:03 -
Questions remain about Mount Holly Gardens redevelopment (Burlington County Times)
Last night's public presentation of the newest plan to redevelop the Mount Holly Gardens section seemed to do little to convince longtime residents that there will be a place for them in the new neighborhood.
2008-09-10 04:43:33