Mortgage and Financial News From 2008-1-5 Page 29

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  • 'Subprime' is word of year 2007 (BBC News)

    American linguists say "subprime", which emerged from banking speak in 2007, is word of the year.
    2008-01-05 09:03:45
  • SV sees drop in building permits in ’07

    Sierra Vista Herald - Residential home permits dropped to 178 for the year, the lowest since 1995. In 2006, the city issued 427 residential home permits. From the housing slump and mortgage crisis to interest rates and oil prices, builders seem to be in a “wait and see ...
    2008-01-05 05:00:00
  • Dow Takes a Plunge of 256 Points

    The Ledger - Stocks plunged in August as the housing and mortgage markets' woes deepened, then rebounded sharply in September after the Federal Reserve began cutting interest rates. ... H-P tumbled $2.78 to $46.87, its lowest since August. Market bulls ...
    2008-01-05 05:36:00
  • Trichet Says Market Tensions Receding, ECB `Ready' (Update3)

    Bloomberg - ... policy makers convene in Frankfurt on Jan. 10 to decide again on interest rates ... point this month after industry surveys showed manufacturing slumped to the lowest ... Losses from U.S. subprime mortgage foreclosures will probably reach $300 billion, the ...
    2008-01-05 08:06:00
  • WSJ Edit Page Whitewashes The Immigration Problem….Again - VDARE.com

    WSJ Edit Page Whitewashes The Immigration Problem….AgainVDARE.com, VA - 12 hours agoVDARE.com: Illegal aliens are on the rise, but so are mortgage defaults, obese children, and sunspot activity. Does anyone attribute lower crime rates to ...
    2008-01-04 08:07:20
  • Canadians among the world's best-housed - Canoe.ca

    Canadians among the world's best-housedCanoe.ca, Canada - 11 hours agoWhat most Canadians take for granted -- availability of mortgages at reasonable interest rates, low down payments, mortgage insurance, building codes and ...
    2008-01-04 09:27:00
  • Stocks fall sharply after jobs report - The News Journal

    Stocks fall sharply after jobs reportThe News Journal, DE - 8 hours agoThe Labor Department's report that employers raised payrolls by only 18000 and that the nation's unemployment rate rose to its highest level since November ...
    2008-01-05 12:57:46
  • Business briefs - The Huntsville Times - al.com

    Business briefsThe Huntsville Times - al.com, AL - 1 hour agoRates on 30-year mortgages fall to the lowest level in a month. Freddie Mac, the mortgage company, reports that 30-year, fixed-rate mortgages averaged 6.07 ...
    2008-01-05 07:51:15
  • Trichet Says Market Tensions Receding, ECB `Ready' (Update3) - Bloomberg

    Trichet Says Market Tensions Receding, ECB `Ready' (Update3)Bloomberg - 55 minutes agoLosses from US subprime mortgage foreclosures will probably reach $300 billion, the Organization for Economic Cooperation and Development predicted on Nov. ...
    2008-01-05 08:04:58
  • Vehicle recalls lowest in years (Detroit Free Press)

    WASHINGTON -- In 2007, U.S. automakers issued the lowest number of safety-related recalls on their cars and trucks in at least four years, another sign that new vehicle quality continues to improve. Automakers say the drop in recalls stems from their efforts to flag and correct problems before a vehicle rolls off the assembly line.
    2008-01-05 12:11:39
  • Stocks fall sharply after jobs report (The News Journal)

    NEW YORK -- Wall Street fell sharply Friday after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp.
    2008-01-05 01:02:25
  • Continued recession fears cited as 30-year mortgage rates drop (Tacoma News Tribune)

    WASHINGTON – Rates on 30-year mortgages fell last week to the lowest level in a month as investors continued to worry about a possible recession.
    2008-01-05 04:08:24
  • Trichet Says Market Tensions Receding, ECB `Ready' (Update3) (Bloomberg.com)

    Jan. 5 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said financial-market tensions are receding and the bank remains committed to fighting inflation.
    2008-01-05 08:16:43
  • Fears on Inflation and Jobs Give 2008 a Stumbling Start (NYTimes.com via Yahoo! Finance)

    When the closing bell rang on Friday, the Dow Jones industrials had fallen 256.54 points, nearly 2 percent, to 12,800.18.
    2008-01-05 08:38:47
  • Resolve to improve your finances in 2008 - kgw.com (subscription)

    Resolve to improve your finances in 2008kgw.com (subscription), OR - Jan 2, 2008You may think that the odd $40 meal out doesn't add up to much, but you'll be surprised when you actually calculate the cost over a few months' time. ...
    2008-01-02 12:52:16