Mortgage and Financial News From 2008-3-25 Page 6

Previous Day: 2008-03-24

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• Chinese banks report hefty profit gains for '07 despite mortgage lending crisis (MSN Money Canada)

  Chinese financial institutions sector-wide are reporting strong profit growth in contrast to the malaise afflicting western lenders ensnared in credit woes tied to the U.S. housing market.
  2008-03-25 05:51:54

• Thornburg Mortgage Proposes up to $1.35 Billion Private Placement Offer of Senior Subordinated Secured Notes (Business Wire via Yahoo! Finance)

  SANTA FE, N.M.----Thornburg Mortgage, Inc. today announced that the company will commence a private placement of up to $1.35 billion in senior subordinated secured notes due in 2015, with an interest rate of 18%, which shall be adjusted to 12% upon the satisfaction by the company of certain conditions.
  2008-03-25 05:52:00

• Our Financial House of Cards and How to Start Replacing It With Solid Gold (Ludwig von Mises Institute)

  A credit crisis has been spreading through the economic system. It began with the collapse of the housing bubble, which was the result of years of Federal Reserve–sponsored credit expansion.
  2008-03-25 06:12:03

• Is the Fed Really In Control as the $ Plummets and Gold Vaults? (GoldSeek.com)

  Since last August we have watched as the sub-prime crisis turned into a credit crunch and from there into a liquidity crisis.
  2008-03-25 06:23:39

• Number of mortgage deals plummets (Channel 4)

  The number of different mortgage deals available has dived by nearly two-thirds since the credit crunch first hit last summer, figures show.
  2008-03-25 06:27:55

• Words of Wisdom - Stay the Course with Commodities (GoldSeek.com)

  Here's more from that subscriber of ours down in Argentina who we have dubbed 'Crazy Like a Fox' for his insights into the economy, financial markets and commodities and the way he has positioned himself in these troubled times to profit from those insights.
  2008-03-25 06:38:39

• Bob Burnett: Meltdown Politics (HuffingtonPost)

  According to the latest Gallup poll three quarters of Americans believe the economy is in a recession. It's no surprise respondents tell pollsters the economy...
  2008-03-25 07:08:41

• China's Banks Duck Credit Crisis, Mostly (Bay News 9 Tampa Bay)

  By ELAINE KURTENBACH SHANGHAI, China (AP) -- Major Chinese lenders Industrial & Commercial Bank of China and Bank of China posted record profits in 2007, as gains in interest income and fee-based businesses offset losses from the global mortgage-lending crisis.
  2008-03-25 07:16:13

• Building costs for poor households up (IAfrica South African Business News)

  Building costs for poor households have increased by 25 percent year-on-year, mainly due to the cost of serviced sites going up, the Banking Association of SA said on Tuesday.
  2008-03-25 07:55:13

• Light at end of tunnel or false dawn? (Times of Malta)

  Analysts have begun to speculate that the worst may soon be over for battered global financial markets following the US Federal Reserve-orchestrated rescue of investment bank Bear Stearns and deep interest rate cuts.
  2008-03-25 01:43:23

• Should You Unlock Capital From Your Home? (The Motley Fool)

  Does it make sense to borrow more money against your home?
  2008-03-25 01:55:55

• Asian Markets Rally on Easing US Worries (Bay News 9 Tampa Bay)

  By The Associated Press BANGKOK, Thailand (AP) -- Most Asian markets rose Tuesday as investors returned from the Easter holiday in a mood to buy after encouraging U.S. housing numbers and an overnight rally on Wall Street.
  2008-03-25 02:09:21

• Payday loans on the rise (WCBD-TV Charleston)

  To watch video online please click here to download the latest version of the Flash plugin. As more homeowners struggle to avoid foreclosure credit experts say many are turning to so-called pay-day loans to stay afloat.
  2008-03-25 03:15:48

• Delinquent taxpayers facing foreclosure (The Holland Sentinel)

  Ottawa County could have more than eight times as many tax foreclosures this year compared to last year, according to officials. As of Monday, 66 parcels within the county were finishing the three-year foreclosure process, meaning owners still haven't paid their 2005 property taxes.
  2008-03-25 04:07:00

• The subscribers-only home page of Casey Research (GoldSeek.com)

  It used to be of no little pride in the small New England town where Casey Research is headquartered that school went forward, no matter the weather.
  2008-03-24 09:54:30

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