Mortgage and Financial News From 2008-1-11 Page 77

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  • Reports: Bank Of America May Buy Countrywide (CBS4 Miami)

    Bank of America's anticipated proposal to rescue mortgage lender Countrywide Financial Corp. would also come as a relief to federal regulators. By purchasing Countrywide, Bank of America Corp. would prevent the largest U.S. mortgage lender from filing for bankruptcy and thereby avert significant damage to the home-loan market.
    2008-01-11 03:31:51
  • Merrill report spreads more gloom on dollar and stocks

    Reuters - Treasury yield eased to its lowest level in three years around 2.62 percent. The New York Times said Merrill is expected to suffer $15 billion in losses from soured mortgage investments ... Central Bank and the Bank of England kept rates on hold ...
    2008-01-11 01:54:00
  • Japanese government bonds close mostly higher as stocks take battering

    CNBC - ... the central bank is ready to lower interest rates again to ward off a recession. Stocks in the US rose on Bernanke's remarks and on a report that Bank of America is close to buying struggling mortgage ... key Nikkei index closing at 14,110.79, its lowest ...
    2008-01-10 11:45:00
  • European Bonds Gain as Bank Losses Spur Demand for Safe Assets

    Bloomberg - Gains pushed the yields on two-year notes to near the lowest since Nov. 28 after ... The European Central Bank kept interest rates at 4 percent yesterday as policy ... report on Merrill stoked investor concern losses from U.S. subprime-mortgage ...
    2008-01-11 12:28:00
  • European Factors -- Shares set to open mixed, Merrill may weigh

    Reuters - ... concerns over banks' losses from the crisis in the U.S. subprime mortgage ... down 0.85 percent at 1,436.77 points on Thursday to hit its lowest point so far this year after the European Central Bank reinforced its willingness to raise interest rates to ...
    2008-01-10 11:45:00
  • Yen Rises on Report of Merrill $15 Billion Writedown (Correct)

    Bloomberg - ... the New York Times reported Merrill Lynch & Co. may take a $15 billion writedown on losses tied to mortgage ... Japan's benchmark interest rate of 0.5 percent is the lowest among major economies. Interest rates are 8.25 percent in New Zealand, 6.75 ...
    2008-01-10 10:55:00
  • 30-year mortgage rates break through the 6 percent floor

    Tacoma News Tribune - 30-year mortgage rates break through the 6 percent floor ... That was down from 6.07 percent last week and was the lowest level for 30-year mortgages in the past two years. Only once ...
    2008-01-11 12:57:00
  • European Government Bonds May Fall on Limited Room for Rate Cut

    Bloomberg - The yield on Europe's benchmark 10-year bund held at the lowest since Dec. 6 after the central bank kept interest rates at 4 percent yesterday, as ... Declines for bonds may be limited as concern that losses on U.S. subprime-mortgage investments ...
    2008-01-10 10:48:00
  • UPDATE 1-U.S. mortgage applications soar as rates plunge-MBA

    Reuters - NEW YORK, Jan 9 (Reuters) - Applications for U.S. home mortgages jumped to their highest in a month last week as concerns about economic recession pushed interest rates to their lowest in more than two years, an industry group said on Wednesday. The ...
    2008-01-09 04:56:00
  • Japan's Bonds Complete Third Weekly Advance as Stocks Tumble

    Bloomberg - ... that Merrill Lynch & Co. will report $15 billion in losses linked to subprime mortgage defaults. Benchmark five-year yields fell to the lowest in two ... S. economic growth, adding to expectations the Bank of Japan will delay raising rates ...
    2008-01-10 11:38:00
  • European shares slip in early trade, Unilever weighs

    Guardian Unlimited - ... that it could not predict the full impact of the mortgage ... 2 percent at 1,432.99 points after hitting its lowest point so far this year in the previous session after the European Central Bank reinforced its willingness to raise interest rates to ...
    2008-01-11 12:07:00
  • Nikkei hits 26-mth closing low on economy, Merrill

    Forbes - TOKYO, Jan 11 (Reuters) - Japan's benchmark Nikkei fell on Friday to its lowest ... will post larger-than-expected losses on the subprime mortgage crisis. Retailers and ... faces increased risks and indicated that the Fed is ready to cut interest rates ...
    2008-01-10 11:02:00
  • European stocks fall as Unilever, L'Oreal weigh

    Guardian Unlimited - LONDON, Jan 11 (Reuters) - European stocks fell early on Friday to hit their lowest ... in a letter to shareholders that it could not predict the full impact of the mortgage ... There is an increasing concern that if you cut rates, it's like pushing on a piece ...
    2008-01-11 12:57:00
  • Two-Year Treasuries Rise as Bernanke Signals More Rate Cuts

    Bloomberg - Jan. 11 (Bloomberg) -- Two-year Treasury yields fell to the lowest in three years ... Co., the biggest U.S. brokerage, may announce $15 billion in losses from its mortgage ... Ten-year yields will rise to 3.99 percent and two-year rates will climb to 3.08 ...
    2008-01-11 01:40:00
  • 30-year mortgages fall below 6%

    Baltimore Sun - That was down from 6.07 percent last week and was the lowest level for 30-year mortgages in more than two years. Only ... The mortgage rates do not include add-on fees known as points. Thirty-year, 15-year and one-year mortgages each carried a ...
    2008-01-11 01:04:00