Mortgage and Financial News From 2008-5-1 Page 10
Previous Day: 2008-04-30
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Early gains are reversed after Fed cuts key rate - Baltimore Sun
NEW YORK - Wall Street gave up sharp gains and closed lower yesterday after the Federal Reserve cut interest rates by a quarter point but left investors guessing about its next move. The central bank's statement yesterday made it clear that it is ...
2008-05-01 12:07:00 -
Agency Floats a Proposal to Help With Home Loans (NYTimes.com via Yahoo! Finance)
The F.D.I.C. proposed permitting the Treasury Department to lend $50 billion directly to as many as a million homeowners to help ease the housing crisis.
2008-05-01 12:37:04 -
As Credit Turmoil Increases, Bad Credit Loans Offer Rare & Immediate Help (PRWeb)
With House prices falling, unemployment rising, Bad Credit Loans from www.loansbadcredit.org.uk are fast becoming the only reasonable solution for many consumers. (PRWeb May 1, 2008) Read the full story at http://www.prweb.com/releases/2008/05/prweb905774.htm
2008-05-01 12:42:29 -
London Markets: Banks, miners contrast in steady London (Market Watch)
LONDON (MarketWatch) -- Banks such as Barclays and HBOS moved lower in London on Thursday, as investors took on board central bank rate moves and outlook comments, offsetting gains from mining companies.
2008-05-01 01:17:41 -
Looking for the Keys that can unlock the mysteries of mortgage meltdown (Toronto Star)
Some Canadian home buyers are seeing a bright side to America's credit and subprime mortgage crisis: Their cost of borrowing has fallen. Borrowers willing to risk a variable interest rate have started to benefit from the determination of central banks to avert a recession in North America.
2008-05-01 01:46:09 -
Thinking of opening an office in Cork? (Irish Emigrant)
The Enterprise Ireland Webworks is a fully serviced office facility in the heart of Cork city. It has been developed under partnership between Enterprise Ireland, Cork City Council and Howard Holdings for the benefit of services focussed small and medium enterprises (SMEs) trading internationally.
2008-05-01 02:03:08 -
Sales fall, but prices still rising for homes in Tri-Cities (Tri-City Herald)
Home sales in the Mid-Columbia dropped about 22 percent during the first quarter of 2008 compared with same period last year, according to Multiple Listing Service figures.
2008-05-01 02:05:07 -
Big lenders attacked on direct deals (Money Marketing Online)
Mortgage brokers have hit out at Halifax, Nationwide and Cheltenham & Gloucester for offering substantially better rates through direct channels. ...
2008-05-01 02:25:04 -
Buy-to-let: 20 tough questions (Investors Chronicle)
In the UK's last recession, buy-to-let was barely a feature. Today, it's a £113bn industry, with more than a million buy-to-let landlords accounting for a 10 per cent slice of the UK's mortgage market.
2008-05-01 02:40:56 -
Housing rescue package advances - Houston Chronicle
WASHINGTON — Democrats turned back a slew of Republican challenges to their housing rescue package Wednesday as they moved toward committee approval of the plan. Republicans, targeting virtually every element of a measure they characterized as an ...
2008-04-30 05:19:00 -
Sub-prime fallout 'not that bad' - Al Jazeera
The British central bank has said that the losses and fallout from a global credit crunch may not be as bad as earlier thought. The Bank of England on Thursday said losses arising from sub-prime write-offs could be less than half market forecasts ...
2008-04-30 09:44:00 -
Latest rate cut by Fed may be last - Detroit News
Now we wait. With the Federal Reserve signaling a possible pause to its string of interest-rate cuts, all the country can do is wait to see if the Fed's medicine has been enough to cure the ailing U.S. economy. The Fed made a widely expected quarter ...
2008-04-30 10:34:00 -
Credit crunch losses may be half market estimates-BoE - Guardian Unlimited
LONDON, May 1 (Reuters) - The scale of losses and the economic fallout from the credit crunch may not be as bad as feared and sub-prime write-offs could end up costing less than half market forecasts, the Bank of England said on Thursday. The credit ...
2008-04-30 03:53:00