Paulson Denies Rumored 4.5 % Mortgage Rate Plan

Paulson said in his speech that the government is focused on helping subprime borrowers who can afford the introductory mortgage rate but not the adjusted one. The plan "does not, and will not.

HP denied the rumors, and it appears no deal is imminent, but there are still rumors swirling about a potential breakup. HP is up more than 50% from its 52-week low, but betting on a recovery in any.

which simply cited other "rumors." This sounds similar to the Samsung buyout rumor that drove BlackBerry stock up by 30% on Jan. 14. Both Samsung and BlackBerry denied those reports, but someone.

On Monday, the New York senator said the plan Paulson was pursuing to hold mortgage rates steady should go further and include a 90-day moratorium on home foreclosures to give financially troubled.

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McCain says that he would purchase the mortgage securities in question at face value, asking taxpayers, not financial institutions, to take the lumps on such securities. Under the Paulson plan, by contrast, the government will buy mortgage-backed securities from financial institutions, but not at face value. With discounts determined by auction.

 · Third, having several Macs would encourage competition among them, which would probably drive mortgage rates down. As it is, Freddie and Fannie are dictating terms of the mortgage lending business. Now I know this isn’t a complete plan, but I’m interested to hear comments on what we should do with the GSEs.

Paulson agreed that "housing values have been falling," but he did not elaborate on why millions of Americans could no longer pay their mortgages. Cox blamed it on a "failure of lending standards" and said that the SEC had a number of ongoing investigations of fraud in the mortgage application process.

currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others" following rumors that Verizon and AT&T had been working on a "share break-up bid,

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