Mortgage and Financial News From 2008-3-27 Page 6

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• Kroszner says Fed to 'consider' narrowing new mortgage lending rules UPDATE (The Forex Market)

  WASHINGTON (Thomson Financial) - Federal Reserve Board Governor Randall Kroszner said today the Fed is closely examining comments it has received on its pending regulation designed to tighten mortgage lending standards, and will "consider" whether to relax key sections of its December draft rules before making them final.
  2008-03-27 05:54:32

• Needles utility board suggests refinancing bond package (Mohave Valley News)

  NEEDLES - Though the economic picture in the United States may look grim, the city of Needles may be able to gain a small benefit from the downturn in the economy.
  2008-03-27 02:30:37

• Business summary (The Cincinnati Enquirer)

  Local companies are listed among Ohio's best employers, Mallory and other mayors call for Ohio to regulate payday lenders, and First Security Trust Bank promotes Cook to be CEO as Day retires.
  2008-03-27 02:42:23

• (AFX UK Focus) 2008-03-27 09:20 GMT: Polish central bank's Filar says 6 pct rate possible if June staff data strong (Interactive Investor)

  WARSAW (Thomson Financial) - Poland's main interest rate may rise above 6 pct if the central bank's staff projection due out in June shows economic growth may be stronger-than-expected, monetary policymaker Dariusz Filar said today.
  2008-03-27 02:44:20

• Morning business news - March 27 (RTÉ News)

  INDO SEES STRONG ADVERTISING GROWTH ACROSS ALL MARKETS - Independent News and Media's results for 2007 show that revenues for the year were better than expectations, rising 2.3% to €1.67 billion. Operating profit was up 6% at €349m.
  2008-03-27 02:47:25

• Dollar starts its European day strongly (Ireland Business World)

  The dollar has started the European session strongly as investors book recent profits but remains vulnerable to falling back towards its all-time low against the euro, especially with US economic growth data due for release later.
  2008-03-27 02:51:56

• PPI adds fuel to rate-hike fire (News 24 South Africa)

  Factory gate price inflation of 11.2% year-on-year in February has come in above economists' expectations, who say rate-hike doubts are eroded by the figure.
  2008-03-27 02:53:34

• Lansing cuts geared for long term (The Ithaca Journal)

  LANSING — The $1.3 million in cuts the Lansing Central School District is making in the 2008-09 budget are part of a long-term fiscal health plan to help get the district back on track financially, district administrators said Wednesday.
  2008-03-27 02:54:07

• PPI ‘more fuel to hike rates’ (IAfrica South African Business News)

  South Africa's producer price index rose by 11.2 percent year-on-year in February from a 10.4 percent year-on-year increase in January, Statistics South Africa (Stats SA) data on Thursday showed.
  2008-03-27 02:55:12

• (AFX UK Focus) 2008-03-27 09:50 GMT: Taiwan central bank raises discount/accommodations rates by 12.50 basis pts (Interactive Investor)

  TAIPEI (XFN-ASIA) - Taiwan's central bank said it will raise its key interest rates by 12.50 basis points tomorrow, following an identical increase in December.
  2008-03-27 02:57:50

• Paul Abrams: Hillary Clarifies '3AM': "I Was Asleep, Dreaming of Landing In Bosnia Under Sniper Fire" (HuffingtonPost)

  Howard Wolfson further explained Clinton's 3AM claims by noting that "she was ready at 2AM prior to changing the clocks to daylight savings, when 2AM became 3AM."
  2008-03-25 02:38:36

• REGION: Home prices plummet but decline slowed in January (North County Times)

  Home prices in San Diego County declined at a rapid clip in January, the latest month available for a closely watched index released Tuesday.
  2008-03-25 09:40:23

• Bay Area home prices drop a record 13.2% (San Francisco Chronicle)

  National and local home values dropped at record paces in January, according to a widely watched industry index. The Standard & Poor's/Case-Shiller report found the average cost of a Bay Area home fell 13.2 percent from January 2007, the sharpest decline...
  2008-03-26 12:40:49

• Investing Vs. Paying Off Your Mortgage Early (The Motley Fool)

  If you have spare cash, should you invest in the stock market or pay off your mortgage early?
  2008-03-26 08:54:18

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