Mortgage and Financial News From 2008-5-1 Page 3
Previous Day: 2008-04-30
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Rate rises and floods depress housing sector - The Australian
SUCCESSIVE interest rate rises have put the brakes on the housing sector, with building approval rates dropping 5.7 per cent in a month, according to Australian Bureau of Statistics figures released yesterday. While most experts yesterday said the ...
2008-05-01 03:45:00 -
Fed cuts interest rates one more time - Sauk Valley Daily Gazette
WASHINGTON (AP) -- The ailing economy may have gotten its last dose of bracing tonic for a while. The Federal Reserve is hoping it won't have to refill the prescription. The Fed cut interest rates to the lowest point in nearly four years Wednesday as ...
2008-05-01 09:47:00 -
Banks force up inflation and homeowners' interest rates - News.com.au
BANKS raising their interest rates independently of the Reserve Bank have forced up inflation so dramatically that they may cause another official rise later this year. Australian Bureau of Statistics data shows increased costs in the financial ...
2008-04-29 02:14:00 -
Wall Street borrowing less from Fed - CNN Money
WASHINGTON (AP) -- Big Wall Street investment companies are pulling back on their borrowing from the Federal Reserve's emergency lending program. A Federal Reserve report Thursday said those firms averaged $18.6 billion in daily borrowing over the ...
2008-05-01 03:23:00 -
Building mismatch leaves a housing hole - News.com.au
The value of new house building approvals has risen strongly The number of building approvals has gone in the opposite direction In-depth : The latest interest rate news and features THERE is a problem with housing and the much maligned Reserve Bank ...
2008-05-01 04:28:00 -
Disabled widow facing eviction - This is Dorset
A DISABLED widow faces eviction tomorrow in a family mortgage default row. She claims this is happening because she didn't realise she was responsible for her daughter and son-in-law's mortgage. Valerie Stevens, 64, was invited to build a separate ...
2008-05-01 01:18:00 -
Rent Retailers, Don't Own Them - Street.Com
Retail's blinking. Home Depot ( HD - commentary - Cramer's Take ) is finally admitting we are overstored. So is Starbucks ( SBUX - commentary - Cramer's Take ). We know for sure that Linens-n-Things isn't putting anything up. Sears ( SHLD ...
2008-05-01 02:26:00 -
FEATURE FOCUS - Daily Telegraph
Telegraph Money brings expertise from leading UK financial companies, who can offer Telegraph readers personal finance information and advice. Over 500,000 readers have already benefited from these services and our aim is to expand the range in line ...
2008-04-30 01:15:00 -
Mortgage lenders must solve crisis Help for the bay in farm bill - HometownAnnapolis.com
The deepening problems facing the home mortgage industry continue to vex the nation's economy. And, by all appearances, it is about to get worse. In a report released last week, the number of delinquent subprime loans increased by 90 percent between ...
2008-04-29 05:56:00 -
Fair housing advocates urge stop to foreclosures - MLive.com
CASCADE TOWNSHIP -- Discrimination is a hidden factor in the nation's mortgage crisis, creating a cost for everyone, according to fair housing advocates Tuesday. Press Photo/Paul L. Newby II Cathy Cloud, senior vice president of the National Fair ...
2008-05-01 06:19:00 -
Lend America Partners With The Rainy Day Foundation to Support ... - PR Newswire
MELVILLE, N.Y., May 1 /PRNewswire-USNewswire/ -- Lend America, a leading privately-owned direct-to-consumer residential mortgage lender with a focus on originating government-insured loans, announced today that it has partnered with the Rainy Day ...
2008-05-01 11:56:00 -
Community connections - Detroit Free Press
The Friends of the Clinton-Macomb Public Library will host a used book sale today through Sunday at the main branch at Romeo Plank and Canal. The sale will be open to the public from noon to 8 p.m. today and from 9:30 a.m. to 5 p.m. Friday and ...
2008-05-01 09:18:00 -
Lawmakers pass bill adding penalties for mortgage fraud - Kansas City Star
The bill cleared the House on Thursday and now goes to the governor. It creates fines and allows for the licenses of real estate brokers, agents and appraisers to be revoked. Mortgage fraud would include making false statements or failing to inform ...
2008-05-01 11:41:00 -
First BanCorp Announces Payment of Preferred Dividends - MSN MoneyCentral
SAN JUAN, Puerto Rico, May 1 /PRNewswire-FirstCall/ -- First BanCorp FBP announced today that the Board of Directors of First BanCorp has declared the next payment of dividends on First BanCorp's Series A through E Preferred Shares. The estimated ...
2008-05-01 11:41:00 -
Deep pockets needed to buy a vacation property these days: real estate ... - Edmonton Sun
TORONTO - Getting away from it all by purchasing a little cottage on a lake could turn out to be an expensive proposition these days, say real estate experts. "You're going to need a minimum of 25 per cent down going into a vacation property before a ...
2008-05-01 09:25:00