Mortgage and Financial News From 2008-2-12 Page 51

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  • Buffett Bids for MBIA, Ambac Municipal Bond Contracts (Update6) (Bloomberg.com)

    Feb. 12 (Bloomberg) -- Billionaire investor Warren Buffett said he offered to shore up $800 billion of municipal bonds guaranteed by troubled MBIA Inc., Ambac Financial Group Inc. and FGIC Corp. in a bid to gain 33 percent of the debt insurance market.
    2008-02-12 11:44:50
  • Buffett offers to help bond insurers (International Herald Tribune)

    Warren Buffett said his Berkshire Hathaway holding company offered reinsurance on up to $800 million of municipal bonds to Ambac Financial Group, MBIA and Financial Guaranty Insurance.
    2008-02-12 11:44:53
  • UK Jan annual CPI inflation rises to 2.2 pct, but core CPI ...

    CNBC - ... may limit the extent to which the central bank can keep cutting interest rates to ... an annual rate of 1.3 pct, down from December and November's 1.4 pct and the lowest ... This was partially offset by a fall in mortgage interest payments following the Bank ...
    2008-02-12 02:35:00
  • Euro Trades Near Three-Week Low Before German Confidence Report

    Bloomberg - ... economy may boost the case for the European Central Bank to cut interest rates ... investor and analyst expectations dropped to minus 45 in February, the lowest since ... The collapse of the U.S. subprime mortgage market has led to more than $145 billion ...
    2008-02-12 01:02:00
  • Premier Financial Bancorp, Inc. Announces Record Annual Earnings

    MSN MoneyCentral - ... given tightening credit markets, the stiff competition in both deposit rates and ... to produce favorable results as Premier's non-accrual loans are at the lowest ... include an increase in electronic banking revenue and secondary market mortgage ...
    2008-02-12 05:27:00
  • Home affordability worst ever

    The Australian - ... first-home price, and a 0.25 percentage point increase in interest rates in November," the report says. The study, which shows housing affordability is the lowest since the index started in 1984, found the repayments on a typical first-home mortgage ...
    2008-02-12 05:56:00
  • Southeast Valley resale numbers continue downward slide

    AZCentral.com - That represents the lowest median price in more than two years. In April 2005, the ... Home prices in several Valley cities are falling at rates not seen since 1990 ... It gets into the sub-prime-mortgage problem, affordability, foreclosures, and that ...
    2008-02-12 09:52:00
  • County home sales drop 42 percent

    HometownAnnapolis.com - But a weakening national economy, exacerbated by the crisis in the subprime mortgage market, has caused hesitancy among buyers even as interest rates dropped. ... fall last month when the number of homes sold in Anne Arundel County plunged to the lowest ...
    2008-02-12 09:09:00
  • Two-Year Note Yields Near March 2006 Low Before ZEW Report

    Bloomberg - ... 12 (Bloomberg) -- Two-year European government note yields held near the lowest ... 145 billion of writedowns and losses since the beginning of 2007 on U.S. mortgage ... European Central Bank will follow the Federal Reserve in cutting interest rates as ...
    2008-02-12 12:41:00
  • European Two-Year Note Yields Hold Near 2006 Low After ZEW Data

    Bloomberg - ... European government note yields held within three basis points of their lowest ... booked more than $145 billion of losses since the start of 2007 on U.S. mortgage ... remain volatile and indicated policy makers will be forced to cut interest rates ...
    2008-02-12 03:11:00
  • Homebuyer loans lowest since 1995

    This is Money - Mortgages taken out by homebuyers fell to the lowest monthly level since January 2005 and the second-lowest overall since ... For first-time buyers, the combination of subdued house price inflation and lower mortgage rates means affordability should ease ...
    2008-02-12 09:59:00
  • Adelaide's housing affordability drops again

    News.com.au - HOUSING affordability fell to its lowest ever level in the December quarter as interest rates and house prices increased. Adelaide's housing ... than they need an "investment" are able to wield many hundreds of thousands of dollars in mortgage ...
    2008-02-12 05:56:00
  • New Zealand's Retail Sales Growth Probably Slowed on Rates

    Bloomberg - The interest rate on a two-year fixed mortgage was 9.38 percent in December, up from 8.18 percent a year earlier ... Australian Business Confidence Falls to Lowest Since Sept. 2001 on Rates Mirvac, JB Hi-Fi Shares Drop on Concern Australian ...
    2008-02-12 10:28:00
  • MARKET SNAPSHOT: US Stocks Lifted By Buffett Offer; Dow Up More ... - CNNMoney.com

    MARKET SNAPSHOT: US Stocks Lifted By Buffett Offer; Dow Up More ...CNNMoney.com - 2 hours ago"Defaults rates are less than 1%; reinsuring the muni-bond business is a no- brainer for anybody," said Bookvar, who questioned the longevity of the ...
    2008-02-12 08:13:21
  • Legg Mason Value Trust Investment Commentary: Fourth Quarter 2007 - Earthtimes

    Legg Mason Value Trust Investment Commentary: Fourth Quarter 2007Earthtimes, UK - 1 hour agoSince the cut in rates, many companies closely tied to the housing and mortgage markets have seen their shares rise sharply. Washington Mutual, the nation's ...
    2008-02-12 09:11:57