Tag Archives: financial times

Great Time For New Buyers

Report: If you’re having doubts about buying a home in the current housing market flux, don’t, Flagship Mortgage Branch Manager Ron Graf said. “Now is a prime time for first-time homebuyers to purchase,” Graf said. Ron Graf, Branch Manager of … Continue reading

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Pimco’s Gross Buys Mortgage Debt

From MarketWatch: The widely respected manager of the world’s largest bond fund, Bill Gross, has been buying beaten-down mortgage debt, and the contrarian bet appears to be paying off, the Financial Times reported Friday. Gross, managing director at Pacific Investment … Continue reading

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UK’s Mortgage Swap Plan

From Reuters: LONDON, May 16 (Reuters) – The Bank of England reiterated on Friday its mortgage swap plan has no upper limit and refused to forecast any final total after media said banks could exchange assets worth well above the … Continue reading

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John McCain Steps Back From The Housing Mess

George Will writes that McCain has shown admirable restraint. While Barack Obama and Hillary Clinton fall all over themselves to intervene in the housing market, McCain is for letting the free market do its thing. Price controls have never worked … Continue reading

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Restoring Faith In The World’s Credit Markets

Reuters reports on solutions to the credit crisis. Should central banks start buying toxic mortgages? The Bank of England says it will not. LONDON: The global financial crisis that has raged for months shows no signs of ending, and the … Continue reading

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Central Banks Consider Buying Mortgages

NEW YORK (MarketWatch) — The U.S. Federal Reserve and some of its European counterparts are talking about the practicality of using public money to buy large quantities of mortgage-backed assets to clean up the credit mess jeopardizing global economic growth, … Continue reading

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