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News about Mortgages:

Slump worst on record - Stuff
And more pain is forecast for sellers and real-estate agents. The depth of the fall is detailed in an overview of the housing market from Sydney-based mortgage insurer QBE and New Zealand business researcher Infometrics. The report found nationwide ...

Freddie seeks government aid after $25.3B loss - Detroit News
WASHINGTON -- Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss Friday. The mortgage finance company is making the first request to tap the $200 billion promised by the Treasury ...

House sales in record slump - Stuff
House sales volumes fell by a record amount in the first half of 2008, a report by economic consultants Infometrics shows. Findings released today show property sales volumes slumped 44.3 percent compared to the same period in 2007, exceeding the ...

NZ property sales had record slump in first half - Scoop
Nov. 18 – The volume of New Zealand house sales had a record slump in the first half of 2008 as high interest rates and soaring household costs sapped demand for property, Infometrics said in a report prepared for QBE Lenders’ Mortgage Insurance ...

Affordable Mortgages? Tell That to the Banks - Wall Street Journal
Paulson, seemingly launching Operation Protect Legacy to take the sting out of Congress’s brutal treatment of his deputy, Neel Kashkari , has offered a parting piece of wisdom to his successors. They should renegotiate mortgages and stem home ...

Is Japan's 'lost decade' a window to the future? - Globe and Mail
TOKYO -- As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how he ...

Housing slump deepens as prices drop most in 26 years - Globe and Mail
Silver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...

Online Resources Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.com
Online Resources Corporation ( ORCC ) Q3 2008 Earnings Call Transcript October 29, 2008, 5:00 pm ET Executives Beth Halloran – Senior Director, Corporate Communications Matt Lawlor – Chairman and CEO Cathy Graham – EVP, CFO and Treasurer Ray ...

Is Japan's ‘lost decade' a window to the future? - Globe and Mail
TOKYO — As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how ...

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...