Mortgage and Financial News From 2008-2-12 Page 36

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  • Rates battlers give CBA $2.37bn profit (Daily Telegraph)

    Commonwealth Bank of Australia (CBA) has recorded a $2.731 billion first half profit, after hiking its interest rates by 15 basis points more than the RBA this year.
    2008-02-12 02:22:00

  • Battlers give CBA $2.4bn profit (The Mercury)

    CBA nets $2.371 billion first half profit Has raised rates by 40 basis points since Jan 9 Won't rule out hiking rates independently of RBA
    2008-02-12 02:32:00

  • Rates battlers give CBA $2.37bn profit (The Courier Mail)

    COMMONWEALTH Bank of Australia (CBA) has announced a $2.731 billion first half profit, just a week after raising its variable home loan rates by 30 basis points.
    2008-02-12 02:32:00

  • Developers Diversified Realty Reports an Increase of 11.1% in FFO per Diluted Share for the Year Ended December 31, 2007 (Marketwire via Yahoo! Finance)

    Developers Diversified Realty Corporation (NYSE: DDR), the nation's leading owner, manager and developer of market-dominant shopping centers, today reported operating results for the fourth quarter and year ended December 31, 2007.
    2008-02-12 02:36:00

  • $1 billion Coweta project delayed (The Fayette Citizen)

    By now, trees should have been removed and grading started on a development that would transform East Coweta and West Fayette forever. Instead, the land just across the county line in Sharpsburg that is slated to be McIntosh Village looks like every other undeveloped tract in mid-winter.
    2008-02-12 02:41:56

  • (AFX UK Focus) 2008-02-12 22:16 GMT: US announces plan to delay foreclosures (Interactive Investor)

    WASHINGTON (AP) - 0212dv--treasury--mortgage
    2008-02-12 02:50:35

  • 'Lifeline' aims to help those facing foreclosure (ABC 7 Chicago)

    Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday. Critics attacked the proposal as far short of what is needed to resolve a serious financial crisis that is threatening millions of families with the loss of their homes.
    2008-02-12 02:50:40

  • Administration Proposes Housing Plan (Builder Online)

    WASHINGTON - Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday.
    2008-02-12 02:53:45

  • As Wall Street dives, some questions arise

    Buffalo News - Is this a good time to refinance my mortgage? A. Yes, if you have good credit and the value of your home is holding steady. For homeowners with adjustable-rate mortgages, it’s a particularly good time to refinance to a fixed-rate mortgage that can be ...
    2008-02-11 12:13:00

  • Rising foreclosures pressure home prices

    MSNBC - WASHINGTON - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In ... Highly discounted foreclosure sales also can make it tougher for borrowers to refinance into more affordable loans if their ...
    2008-02-12 10:20:00

  • SE Valley resale numbers continue downward slide

    AZCentral.com - Home prices in several Valley cities are falling at rates not seen since 1990, wiping out equity and making it difficult for those trying to refinance. Valleywide, prices on repeat home sales fell 4.6 percent overall from October 2006 through October ...
    2008-02-12 01:19:00

  • FPF Mortgage Minute

    HULIQ.com - Making the news today include Michigan’s loan modification issues, Montana’s mini refinance boom and New Yorkers getting the much need mortgage help that they need. As home values continue to decline in Michigan many homeowners are hoping that ...
    2008-02-12 12:22:00

  • IndyMac Posts Record Loss, Calls Reserves Adequate (Update5)

    Bloomberg - Falling interest rates on home mortgages may encourage homeowners to refinance and boost production of loans above previous forecasts, he said. `Solidly Profitable' IndyMac's decision to curtail lending ``leaves us still with ...
    2008-02-12 01:19:00

  • U.S. mortgage crisis spreads beyond subprime loans

    International Herald Tribune - As long as home prices were rising, borrowers on these terms could refinance their loans or sell their properties to pay off their mortgages. Although the rise in prime delinquencies is less severe than the one in the subprime market, with prices ...
    2008-02-12 12:15:00

  • Paulson, lenders to help homeowners stave off foreclosure

    Christian Science Monitor - It gives them an opportunity to seek counselors, get their paperwork together, and maybe make an offer to refinance a loan or get some more time to get their home sold. Anything that stops a foreclosure from proceeding will be a very good ...
    2008-02-12 01:19:00

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