Mortgage and Financial News From 2008-2-14

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  • U.S. Initial Jobless Claims Fell to 348,000 Last Week (Update1) (Bloomberg.com)

    Feb. 14 (Bloomberg) -- The number of Americans filing first-time claims for unemployment benefits fell for a second week, while staying in a range consistent with a slowing job market.
    2008-02-14 06:14:07

  • MFA Mortgage 4Q Profit Quadruples (AP via Yahoo! Finance)

    MFA Mortgage Investments Inc.'s profit quadrupled in the fourth quarter as the mortgage investor capitalized on the turmoil in financial markets by buying cheap bonds, the investment fund said Thursday.
    2008-02-14 06:17:49

  • Rebates official (The Times-Reporter)

    WASHINGTON – Uncle Sam wants you – to spend. And he’s giving you some extra cash to do it. The checks aren’t in the mail, but they will be soon.
    2008-02-14 06:19:32

  • Mortgage lending falls by 10%

    Guardian Unlimited - The CML said the decline in lending - to the lowest level since 1996 - appeared to be driven "more by funding constraints ... than we anticipated last year. "For first-time buyers, the combination of subdued house price inflation and lower mortgage rates ...
    2008-02-12 05:05:00

  • California home prices still unaffordable

    San Francisco Gate - More than half of homeowners with a mortgage exceed that level in California, according to a 2006 survey by the U.S ... Have the second-lowest homeownership rates, at 58.4 percent, just ahead of New York. -- Face the second-highest rental rates in the ...
    2008-02-13 11:34:00

  • U.K. May Exceed Debt Goal as Growth Slows, Morgan Stanley Says

    Bloomberg - ... to cut costs as speculation the central bank will keep cutting interest rates pushes two-year yields to near the lowest ... in the past 12 months as concern about losses linked to U.S. subprime-mortgage defaults and the prospect of lower interest rates ...
    2008-02-14 12:24:00

  • Greenville foreclosure rate lowest in U.S.

    Greenville News - Greenville's metro area reported the lowest 2007 foreclosure rate among the 100 ... showing Detroit, Stockton, Calif.; and Las Vegas having the highest rates in the ... Gudmundson, executive director of the South Carolina Mortgage Brokers Association ...
    2008-02-13 10:51:00

  • First-time buyers breathe life into property sector - Irish Independent

    First-time buyers breathe life into property sectorIrish Independent, Ireland - 6 hours agoInstead, the share of the mortgage market made up of first-time buyers ticked up to 19pc last year -- showing that new buyers are holding their own in a ...
    2008-02-13 11:51:57

  • Many still locked out of housing market - Ventura County Star

    Many still locked out of housing marketVentura County Star, CA - 5 hours agoThat was reflected in another report Wednesday that noted home sales in Southern California plunged in January to the lowest level in more than 20 years. ...
    2008-02-14 12:10:39

  • The Bush Supply-Side Tax Collections Boom Is Over - Pajamas Media

    The Bush Supply-Side Tax Collections Boom Is OverPajamas Media, CA - 5 hours agoBased on what he has said so far, the best we can hope for from a would-be President McCain is that he would hold the line on rates, including those put ...
    2008-02-14 12:30:02

  • Owner-occupancy slides to the lowest level in almost a decade - Guardian Unlimited

    Owner-occupancy slides to the lowest level in almost a decadeGuardian Unlimited, UK - 4 hours agoMartin Ellis, chief economist at Halifax, Britain's biggest mortgage lender, said: "The fall in the total number of owner-occupied households in England in ...
    2008-02-14 01:04:36

  • Cerne Abbas voted most desireable village - This is Money

    Cerne Abbas voted most desireable villageThis is Money, UK - 4 hours agoWe answer the question on everyone's lips: Get an idea of some of the best mortgage interest rates on the market with our tables. >> Mortgage rates Not to ...
    2008-02-14 01:11:45

  • Bradford & Bingley's shares drop 23 per cent - Mirror.co.uk

    Bradford & Bingley's shares drop 23 per centMirror.co.uk, UK - 4 hours agoThe measures included increasing its mortgage rates to reduce demand and boost profit margins. It also worked hard at pulling in more cash from savers in ...
    2008-02-14 01:41:14

  • Marriott International Reports Solid Fourth Quarter Results - PR Newswire (press release)

    Marriott International Reports Solid Fourth Quarter ResultsPR Newswire (press release), NY - 2 hours agoStrong room rates, moderating utility costs, and improved productivity drove margins during the quarter. Worldwide company-operated comparable house profit ...
    2008-02-14 03:34:23

  • Sale prices for homes, property still falling - The Newark Advocate

    Sale prices for homes, property still fallingThe Newark Advocate, OH - 1 hour agoAdajune Parker, of AJ Parker Real Estate, expects business to improve this year, partially because homeowners struggling to make mortgage payments might be ...
    2008-02-14 04:07:47

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