Mortgage and Financial News From 2008-5-20 Page 5
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Bush Administration Plans Expansion of FHASecure - HULIQ.com
Recently, the Bush administration announced that it will allow FHASecure to assist more homeowners who are having trouble keeping up with their high-cost subprime adjustable rate mortgages. Starting on July 14, 2008, HUD will ensure a fair and ...
2008-05-19 07:38:00 -
First Trust/FIDAC Mortgage Income Fund Increases its Monthly ... - MSN MoneyCentral
First Trust/FIDAC Mortgage Income Fund (the "Fund") FMY today increased its regularly scheduled monthly distribution to $.09 per share from $.085 per share. The distribution will be payable on June 16, 2008 to shareholders of record as of June 4 ...
2008-05-19 02:40:00 -
S&P downgrades Fannie Mae risk rating - CNN Money
NEW YORK (AP) -- Standard & Poor's Ratings Services cut a rating on Fannie Mae that measures how strong the mortgage financier would be without any support from the government, the ratings agency said Monday. Based in Washington, Fannie Mae buys home ...
2008-05-19 02:19:00 -
Shelby-GSEs would foot bill for US mortgage fund - Forbes
WASHINGTON (Reuters) - The top Republican on the U.S. Senate Banking Committee said housing finance companies Fannie Mae and Freddie Mac would fund a multi-billion dollar mortgage rescue plan under a legislative compromise he struck with the panel's ...
2008-05-19 01:57:00 -
Nalco Executives to Address Investor Conferences On June 3 and 5 - MSN MoneyCentral
NAPERVILLE, Ill., May 19, 2008 (PRIME NEWSWIRE) -- Nalco Holding Company (NYSE:NLC) announced today that Executive Vice President and Chief Financial Officer Brad Bell will speak at JP Morgan's 3rd Annual Basics and Industrials Conference in New York ...
2008-05-19 02:19:00 -
Evesham man jailed in dealership fire - Courier-Post
Police followed a Marlton man for at least a month before he was arrested Saturday and charged with four counts of arson involving a title insurance company, car dealership and mortgage company. Police said Michael A. Quigg, 41, of the 300 block of ...
2008-05-19 08:50:00 -
Foreclosure crisis is challenge for Congress (Post-Bulletin)
WASHINGTON -- Ask Democratic Rep. Tim Walz about the housing crisis, and he will tell you he sees it out the front window of his Mankato home. "My personal story i
2008-05-19 07:06:40 -
US Financial Stocks Down; Hopes Dim For More Rate Cuts (INO News)
Shares of U.S. financial stocks slipped in early trade Tuesday morning as the latest economic data showed inflation rising at the producer level, indicating that interest rates are likely to stop falling.
2008-05-20 07:51:56 -
Realtors(R) See Senate Stimulus Bill as Step Toward Housing and Mortgage Market Stabilization (PR Newswire via Yahoo! News)
The National Association of Realtors(R) expressed appreciation to Senate Banking Committee Chairman Christopher Dodd, D-Conn., and Ranking Member Richard Shelby, R-Ala., for their efforts to bring forth a bipartisan bill that can bring stability to the housing market and help stem the rising rate of foreclosures. Today, the committee voted to pass the Federal Housing Finance Regulatory Reform ...
2008-05-20 10:38:00 -
Which Companies Are Swimming Naked Right Now? (The Motley Fool)
Sometimes, things are even uglier than they appear.
2008-05-20 01:41:30 -
U.S. Stocks Drop on Credit Concern, Producer Prices; Banks Fall (Bloomberg.com)
May 20 (Bloomberg) -- U.S. stocks fell, dragging down the Standard & Poor's 500 Index from a four-month high, as analysts forecast more credit losses and faster inflation and record oil prices threatened to reduce profitability.
2008-05-20 01:43:47 -
RBA Releases Wage Survey Results (R News)
The Rochester Business Alliance released results of its 2008 wage and salary surveys. The average rate paid for a non-exempt, hourly job is $15.01, up from $14.89 last year. The average hourly rate paid for a manufacturing job is $14.59, up from $14.27 last year.
2008-05-20 01:55:56 -
BOJ keeps 0.5% interest rate as doubts grow (The Japan Times)
The Bank of Japan on Tuesday kept its interest rate unchanged at 0.5 percent as expected because global economic uncertainties have put Japan's future growth prospects in doubt. Ending a two-day... Read more ...
2008-05-20 02:11:39 -
CBH Homes Maintains Builder Top 100 National Ranking (PR Newswire via Yahoo! Finance)
CBH Homes, the top-producing home builder in Idaho, was one of the few companies to hold its position on the Builder 100 list in 2007, according to rankings released early this month by Builder magazine, and more robust CBH home sales numbers so far this year may hint at an even stronger performance in 2008.
2008-05-20 02:13:00 -
Senate Panel OKs Homeowner Rescue (KCRA 3 Sacramento)
Profits from government-sponsored mortgage giants would back up a home loan rescue plan approved by a key Senate committee Tuesday.
2008-05-20 02:17:44