Mortgage and Financial News From 2008-9-30 Page 15

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  • Stocks open higher a day after huge drop - MSNBC

    NEW YORK - Stocks staged a partial rebound early Tuesday after their biggest sell-off in years, though financial markets remained troubled a day after lawmakers rejected a $700 billion rescue plan for the financial sector. A key rate that banks ...
    2008-09-30 08:19:00

  • What Should Investors Do Now? (KiplingerForecasts.com)

    Here are answers to 12 pressing questions about the current financial turmoil.
    2008-09-30 06:09:22

  • For stocks, worst single-day drop in two decades (Spartanburg Herald-Journal)

    Published: Tuesday, September 30, 2008 at 5:28 a.m. Last Modified: Tuesday, September 30, 2008 at 7:38 a.m. Even before the opening bell, Monday looked ugly.
    2008-09-30 06:54:55

  • For Stocks, Worst Single-Day Drop in Two Decades (The Hendersonville Times-News)

    Over a trillion dollars vanished from Wall Street on Monday, the blackest day since the 1987 stock market crash.
    2008-09-30 07:09:07

  • Germany presses for bail-out, Hypo Real Estate restructure - Summary (EARTHtimes.org)

    Berlin - As plans emerged to restructure a German mortgage lender brought down by the US financial crisis, German Chancellor Angela Merkel pressed Tuesday for the US Congress to pass a bail-out package. Speaking hours after the shock rejection of the...
    2008-09-30 07:16:27

  • Cheer up: Here comes a U.S. recession (MSN Money Canada)

    Although the huge financial-rescue plan may help Wall Street, there's still plenty of bad news to come in the real U.S. economy. History gives reason for hope, however.
    2008-09-30 09:39:01

  • Mortgage rates climb across the country (The Business Journal of Phoenix)

    With all the turmoil in the credit markets, it comes as little surprise that mortgage rates have risen over the last week.
    2008-09-30 09:39:43

  • Mortgage Lenders Lower Their Risk - Philadelphia Daily News

    The rules have changed, however, since the subprime crisis broke in August 2007, as foreclosures have skyrocketed and banks cracked under the weight of bad loans. Have they changed that much? Do you really need 20 percent down and a 700 or better ...
    2008-09-28 05:37:00

  • Hong Kong shares close higher after early tumble; HSI down 18.5 pct in ... - CNBC

    HONG KONG (XFN-ASIA) - Share prices closed higher, bouncing back from steep early losses as investors were hoping that US lawmakers will eventually pass some legislation to help the troubled financial sector. China Mobile, China Construction Bank ...
    2008-09-30 02:29:00

  • Genworth Financial Announces Strategic Review of U.S. Mortgage ... - PR Newswire

    RICHMOND, Va., Sept. 30 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) today said it is examining a number of strategic alternatives regarding its U.S. Mortgage Insurance (U.S. MI) business, including a possible spin-off, to determine ...
    2008-09-30 06:54:00

  • Dow collapse is a shock felt around the world - News.com.au

    A 24-HOUR orgy of panic selling has wiped almost $US2 trillion off the value of shares around the world. The carnage began on Wall St after the US Congress rejected a $US700 billion bailout deal aimed at shoring up the crumbling US banking system ...
    2008-09-30 07:58:00

  • Analysis: Depression unlikely but recession could be painful - Baltimore Sun

    Hearing some of the dire predictions for an economy struggling to avert a financial collapse, it's easy to recall 1930s photos of people huddled in soup lines or traveling the country for work and wonder what a depression would look like in the ...
    2008-09-30 05:28:00

  • Lenders withdraw mortgage deals - Guardian Unlimited

    There was more bad news for borrowers today as it emerged that almost 500 mortgage products had been withdrawn since the start of the week. Financial information provider Moneyfacts said the number of home loans available to residential customers and ...
    2008-09-30 04:45:00

  • Mortgage Rates Rise Given Turmoil in the Credit Market - PR Newswire

    SEATTLE, Sept. 30 /PRNewswire/ -- Mortgage rates have risen over the past week, with rates for 30-year fixed mortgages increasing to 5.96 percent, up from 5.78 percent the week prior according to the Zillow Mortgage Rate Monitor, compiled by leading ...
    2008-09-30 06:54:00

  • Lenders cut 10% of mortgage deals in one day - Times Online

    Mortgage lenders slashed the number of mortgages on offer yesterday by ten per cent as the collapse of inter-bank lending continues to cripple the market. The total number of deals fell by 445 to 3,469. Buy-to-let landlords faced certain financial ...
    2008-09-30 05:28:00

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