Mortgage and Financial News From 2007-12-12 Page 5

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  • Xcel: Residential Electric Rates To Fall Slightly (KMGH 7 Denver)

    Xcel Energy has asked Colorado regulators to approve changes that would slightly lower electricity bills for residential customers but raise rates for Windsource customers, beginning Jan. 1.
    2007-12-12 04:43:14

  • Coakley: Car Insurers' Rates Still Too High (WCVB Boston)

    Attorney General Martha Coakley said the rates that Massachusetts auto insurers plan to offer next year are still too high, even after a recent adjustment.
    2007-12-12 10:49:40

  • In Need Of A Breather

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Lehman beat third-quarter analyst expectations despite write-downs to its mortgage holdings portfolio, and a similar result ...
    2007-12-12 03:16:00

  • Yen Near One-Month Low as Central Banks to Provide Liquidity

    Bloomberg - The move by the Fed, the ECB, the Bank of Canada, the Bank of England and the Swiss National Bank comes as the collapse in the subprime mortgage market has crimped banks' willingness to lend to each other, threatening to tip the U.S. economy into ...
    2007-12-12 03:52:00

  • Analysts Late to the Alarm

    Washington Post - NEW YORK -- Throughout 2006, T. Rowe Price analyst Susan Troll watched in horror as one risky mortgage deal after another hit the market. She became alarmed by a widening trend: mortgage lenders issuing home loans of poor quality that were then ...
    2007-12-12 06:58:00

  • A high-wire act from the central banks

    Daily Telegraph - In a week when the staunchly conservative Swiss bank UBS took a $10 billion hit because of its exposure to the North American sub-prime market, and the Federal Home Mortgage Corporation (Freddie Mac), America's second biggest guarantor of mortgages ...
    2007-12-12 05:53:00

  • Burned out: Recovering from a fire

    CNN Money - The $5,000 a month they pay on their home mortgage eats up most of the $7,750 they take home after taxes and Kevin's contributions to his 401(k) and stock-purchase plans. (The Martins already have $200,000 set aside for retirement and another $100 ...
    2007-12-12 01:07:00

  • UPDATE 1-WaMu prices offer of 3 mln convertible pfd shares

    Reuters - Last: NEW YORK, Dec 12 (Reuters) - Washington Mutual Inc (WM.N: Quote , Profile , Research ), one of the largest U.S. home mortgage lenders, said on Wednesday it had priced an offering of 3 million shares of 7.75 percent convertible preferred stock ...
    2007-12-12 12:31:00

  • OFHEO chief Lockhart says housing loan limit hike should be part of ...

    Forbes - The conforming loan limit is the maximum size of a home mortgage that Fannie and Freddie are able to buy or guarantee. As part of a broader package of GSE reform, the House of Representatives approved legislation in May that would permanently increase ...
    2007-12-12 03:01:00

  • Relief In Sight To Prevent Home Foreclosures

    Kansas City Call - With home foreclosures skyrocketing, the House recently voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay the loans and fining them for steering people ...
    2007-12-12 03:52:00

  • East Meadow mortgage bank to close

    Newsday - American Home Mortgage, a Melville-based mortgage bank, went out of business in August. Approved to lend in 32 states and the District of Columbia, Southern Star was founded by Gary Shusterhoff, whose family ran Dale Mortgage Bankers until they sold ...
    2007-12-12 03:37:00

  • Q&A: Buying a Foreclosed Home (Jefferson City News Tribune)

    Experts predict an uglier year in 2008 as home owners nationwide are increasingly likely to be forced into a mortgage foreclosure. However, experts are warning homebuyers that purchasing a foreclosed home may not be the best deal.
    2007-12-12 06:56:13

  • Greenspan: How the credit crisis happened

    CNN Money - ... especially the 1 percent rate set in mid-2003 to counter potential deflation, lowered interest rates ... funds rate fended off a deflationary crisis, potentially much more daunting than the current one," he wrote. "But I did fret that maintaining rates ...
    2007-12-12 11:34:00

  • Fed teams with central banks on credit

    Miami Herald - ... says the Fed's moves today may seem like they are a day late, when it cut rates ... 294 points on Tuesday out of disappointment with what was seen as a timid interest ... Current conditions are unprecedented in modern times," said Ian Shepherdson, chief ...
    2007-12-12 12:03:00

  • Treasurys cautiously higher as investors wait for afternoon Federal ...

    CNBC - ... modestly Tuesday, as investors waited for an afternoon Federal Reserve decision widely expected to result in lower rates. ... Still, many believe the Fed's actions in the current environment will be based in large part on the weakness in the credit ...
    2007-12-11 08:15:00

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