Mortgage and Financial News From 2008-3-27 Page 4
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Thursday's Global Round-Up -- Final Numbers Confirm Anemic Q4 US Growth, BOE Injects More Cash (INO News)
(RTTNews) - Thursday was a day for Wall Street to listen and learn, as traders were treated to a slew of Fed talk and final fourth quarter gross domestic product numbers.
2008-03-27 11:47:37 -
Cleveland Fed chief lays out U.S. financial problems (BizJournals)
The housing boom and bust, changes in the structure of the mortgage markets and the role of highly leveraged financial institutions have all added to the current financial turmoil the U.S. is facing, said Sandra Pianalto, president and chief executive officer of the Federal Reserve Bank of Cleveland.
2008-03-27 12:08:52 -
Rates on 30-year mortgages drop (York Daily Record)
WASHINGTON—Rates on 30-year mortgages edged down slightly this week, staying below 6 percent, although rates on other types of mortgages rose.
2008-03-27 12:19:03 -
Fed's Lockhart: It looks like the beginning of a recession (USA Today)
The U.S. economy could be at the "leading edge" of a recession and the Federal Reserve must try to keep the slowdown as painless as possible, a top Fed policymaker said Thursday.
2008-03-27 12:21:46 -
Fed Auctions Billions in Securities (IWon - Money)
WASHINGTON (AP) — Big investment houses took the Federal Reserve up on its first-time offer Thursday to let them borrow Treasury securities, the latest effort to ease a painful credit crisis.
2008-03-27 12:40:25 -
European Stocks Advance; Swiss Life, Man Group, HBOS Climb (Bloomberg.com)
March 27 (Bloomberg) -- European stocks rose for a second day this week, led by financial firms and mining companies, on prospects for improved earnings.
2008-03-27 10:32:07 -
AMEX Pays $1.1B For GE Money (Forbes)
American Express bought GE's commercial card and corporate purchasing business unit, for $1.1 billion in cash.
2008-03-27 10:34:45 -
Obama Remarks on Economy (Washington Post)
SEN. BARACK OBAMA, D-ILL.: Thank you so much for being here. Let me begin by thanking Dr. Drucker and Cooper Union for hosting us here today. I have to say that the last time an Illinois politician made a speech here it was pretty good. So... (LAUGHTER) ... the bar i...
2008-03-27 10:35:44 -
Whitney's grim distinction (CNN Money)
Meredith Whitney, the CIBC analyst who has become the Jeremiah of the financial crisis, says there is a way out of the wilderness for banks like Citigroup. But like many of her pronouncements over the last five months, it's grim.
2008-03-27 10:40:06 -
Fed policy-maker warns of recession (EARTHtimes.org)
CHATTANOOGA, Tenn (Reuters) - The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, a Fed policy maker said on Thursday.
2008-03-27 10:50:55 -
Fed, central banks act on credit needs (EARTHtimes.org)
NEW YORK/FRANKFURT (Reuters) - The U.S. Federal Reserve prepared to pump $75 billion into frozen credit markets following moves by European central banks on Thursday to help lenders who scrambled to meet quarter-end funding needs.
2008-03-27 10:51:15 -
State lawmakers lobbied on health care issues today (BizJournals)
Cathey Sandman decided to drop health insurance coverage for herself and her husband earlier this year after their monthly premiums grew larger than their mortgage payments.
2008-03-27 10:54:56 -
Rebate Check: Enjoy Some Now, Then Save It (Fox 12 Oregon)
Beginning May 2, eligible tax payers will receive up to $600 and married couples will get $1,200 from the federal government.
2008-03-27 08:58:33 -
Rebate Check: Spend Some Now, Then Save It (KSAT San Antonio)
It is possible to treat yourself and secure your financial future at the same time.
2008-03-27 09:07:41 -
Turning a rental into a primary residence still requires filing of Schedule E (USA Today)
Q: In April of 2007, I sold my primary residence and moved into a house I used as a rental property. Do I need to have my current primary residence on a Schedule E for the duration of rental period and remaining period on Schedule A?
2008-03-27 09:09:41