Mortgage and Financial News From 2008-2-12 Page 43

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• European Markets Rally On Buffett Offer - European Commentary [] - RTT News

  European Markets Rally On Buffett Offer - European Commentary []RTT News, NY - 44 minutes agoInvestors also appeared pleased by a US government plan called Project Lifeline involving the nation's six largest mortgage lenders to help at-risk ...
  2008-02-12 12:04:23

• Banks to pause delinquent mortgage foreclosures - KPLC-TV

  Banks to pause delinquent mortgage foreclosuresKPLC-TV, LA - 41 minutes ago... including home equity loans and second liens, unlike an earlier plan aimed at freezing interest rates for subprime mortgage holders who cannot afford ...
  2008-02-12 12:07:35

• Bank of America Adds Unit to Profit From Green' Initiatives - AZ Central.com

  Bank of America Adds Unit to Profit From Green' InitiativesAZ Central.com, AZ - 41 minutes agoThe bank is offering discounts on mortgages for homes that meet environmental standards, financing solar, wind and other alternative energies and building ...
  2008-02-12 12:07:38

• Asia Day Ahead: Buffett Offers to Assume $800 Billion Muni Debt - Bloomberg

  Asia Day Ahead: Buffett Offers to Assume $800 Billion Muni DebtBloomberg - 26 minutes agoThe world's largest financial companies have incurred $146 billion in losses from securities tied to subprime mortgages, and Pimco and Calvert say bond ...
  2008-02-12 12:22:34

• Dollar Eases To Euro And Sterling Amid Increased Risk Appetite [] - RTT News

  Dollar Eases To Euro And Sterling Amid Increased Risk Appetite []RTT News, NY - 25 minutes agoThe new program is expanded to all mortgages from its previous focus on individuals who had taken out high-cost subprime loans. It was coordinated with six ...
  2008-02-12 12:24:13

• AP Business NewsBrief at 1:40 pm EST - Insurance News Net (press release)

  AP Business NewsBrief at 1:40 pm ESTInsurance News Net (press release), PA - 22 minutes agoDubbed "Project Lifeline," the program will be available to people who have taken out all types of mortgages, not just the high-cost subprime loans that ...
  2008-02-12 12:26:36

• Stcoks Rally on Buffett, GM News - The Associated Press

  Stcoks Rally on Buffett, GM NewsThe Associated Press - 17 minutes agoSwitzerland's second largest bank said its debt tied to subprime mortgages, those given to borrowers with poor credit, fell to 1.6 billion francs ($1.45 ...
  2008-02-12 12:31:24

• Secured Loans: A Detailed View - Best Syndication

  Secured Loans: A Detailed ViewBest Syndication, CA - 16 minutes agoSome of the common secured loans are home equity loan, mortgage loan, debt consolidation loan and second mortgages. Under this type of loan, the borrower ...
  2008-02-12 12:32:26

• IndyMac posts first annual loss in company's history - Inman.com (subscription)

  IndyMac posts first annual loss in company's historyInman.com (subscription), CA - 13 minutes agoAlthough the company expects to return to profitability in the second quarter, it must raise capital and downsize to survive the downturn. ...
  2008-02-12 12:35:35

• Mortgage help is extended to many more borrowers - WZZM

  Mortgage help is extended to many more borrowersWZZM, MI - 10 minutes agoInvestors, owners of second homes and homeowners who lied on their mortgage applications aren't eligible. Neither are homeowners who currently have a date ...
  2008-02-12 12:39:15

• Asia Day Ahead: Buffett Offers to Assume $800 Billion Muni Debt (Bloomberg.com)

  Feb. 13 (Bloomberg) -- U.S. stocks rose a second day, led by financial shares, on expectations Warren Buffett will help calm credit markets by offering to shore up bond insurers' finances. Gold fell the most in a week as the equity rally reduced the appeal of the metal as an alternative investment.
  2008-02-12 12:29:00

• Pledge to increase affordable housing (Stuff)

  Crown land is being earmarked by the Government for cheap new houses to bridge a shortfall of 18,000 affordable homes a year.
  2008-02-12 12:36:05

• Stocks Rally on Buffett and G.M. News (NYTimes.com via Yahoo! Finance)

  Wall Street surged higher after the investor Warren Buffett offered to help out troubled bond insurers, easing some concerns about further deterioration in the credit markets.
  2008-02-12 12:39:35

• Wall Street Rallies After Buffett News (AP via Yahoo! Finance)

  Wall Street surged higher Tuesday after billionaire investor Warren Buffett offered to help out troubled bond insurers, easing some of the market's concerns about further deterioration in the credit markets.
  2008-02-12 12:40:25

• Stocks rise after Buffett offer of aid to bond insurers eases some credit concerns (KATC 3 Lafayette)

  NEW YORK -- Wall Street surged higher Tuesday after billionaire investor Warren Buffett offered to help out troubled bond insurers, easing some of the market's concerns about further...
  2008-02-12 12:45:16

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