Mortgage and Financial News From 2008-5-1 Page 5
Previous Day: 2008-04-30
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Lenders 'hindering cash recovery' - Guardian Unlimited
The banks behind the lending boom that came to a spectacular end last summer are now hindering the recovery of the financial system by being too cautious, the Bank of England has warned. Lenders are so fearful of further credit crunch losses that the ...
2008-05-01 11:05:00 -
Housing expert: Lack of buyer confidence is driving continued downturn (Wilton Bulletin)
Lack of home buyer confidence, and continued “screaming headlines” of doom-and-gloom scenarios are the main culprits in the continuing housing crisis, according to a national housing expert.
2008-05-01 11:09:31 -
Lowly bank clerk charged with audacious bid to steal record breaking £70million from HSBC (Daily Mail)
A lowly clerk has been charged with with an audacious bid to steal a record breaking £70million from HSBC bank. If it had been successful, the alleged fraud would have been one of the largest ever to be undertaken by a bank employee
2008-05-01 11:17:52 -
(AFX UK Focus) 2008-05-01 19:19 Fannie, Freddie reforms could gain momentum (Interactive Investor)
WASHINGTON (AP) - The regulatory hammer hangs over Fannie Mae and Freddie Mac.
2008-05-01 11:22:10 -
Ready . . . Set . . . Refinance! (HispanicBusiness.com)
Are you itching with refi fever? It's as natural as it is contagious. Home mortgage rates hit a multiyear low back in February. It didn't help the housing market lift itself out of its slump. There are still way too many homes on the market for that to stabilize.
2008-05-01 11:23:01 -
(AFX UK Focus) 2008-05-01 19:09 House panel approves bill allowing FHA to back 300 bln usd in mortgage refis (Interactive Investor)
WASHINGTON (Thomson Financial) - The House Financial Services Committee today approved legislation that would create a new program that would let the federal government insure billions of dollars worth of mortgages that are refinanced in order to make them more affordable for borrowers.
2008-05-01 11:37:57 -
New Law Extends Foreclosure Notification Period In Mass. (WLBZ Bangor)
BOSTON (AP) -- A new state law provides a 90-day cooling off period for Massachusetts homeowners facing the prospect of foreclosure.
2008-05-01 11:50:41 -
Bernanke suggests student lender subsidies review (Reuters via Yahoo! News)
The chairman of the Federal Reserve has suggested that Congress revisit the issue of government subsidies to student loan providers, according to an April 25 letter made public on Thursday.
2008-05-01 11:50:43 -
ICAP Plans Rival Index to Libor for U.S. Bank Rates (Update2) - Bloomberg
May 1 (Bloomberg) -- ICAP Plc , the biggest broker of transactions between lenders, is planning a new measure of U.S. bank rates as the accuracy of the London interbank offered rate, or Libor, is called into question. The new index, to be known as ...
2008-05-01 09:40:00 -
Fitch Rates Dow Chemical's $800MM Sr. Note Issuance 'A-'; Outlook ... - Forbes
The ratings are supported by Dow's size, leading market positions, vertical integration, geographical and product diversity, liquidity and prudent management team. The company's large size is a significant positive factor for the rating. Dow's debt ...
2008-05-01 09:25:00 -
Tokyo shares fall ahead of Fed decision - Boston Globe
TOKYO— Japanese shares fell Wednesday as investors sold commodity stocks, although investors were cautious ahead of an announcement by the U.S. Federal Reserve on interest rates. The benchmark Nikkei 225 Stock Average index dropped 44.38 points, or ...
2008-04-30 02:38:00 -
FOREX-Dollar rises vs yen as Fed seen near end of easing - Forbes
NEW YORK (Reuters) - The dollar rose against the yen Wednesday and was on track for its largest monthly gain in four years after U.S. economic data reinforced expectations that the Federal Reserve may be nearing the end of its rate-cutting campaign ...
2008-04-30 08:58:00 -
Stocks hold tight before Fed, Matsushita surges - Reuters
HONG KONG (Reuters) - Asian investors braced for a U.S. interest rate decision on Wednesday but kept an eye out for stocks with robust earnings prospects, such as Japanese flat-panel TV maker Matsushita, which leapt 11.5 percent. The U.S. Federal ...
2008-04-28 05:50:00 -
Oil falls $2 after Fed announcement - CNN Money
NEW YORK (CNNMoney.com) -- Oil fell sharply Wednesday after the Federal Reserve said it would lower interest rates by 1/4 of a percentage point. Earlier in the day, prices eased following a report that showed supplies of crude increased more than ...
2008-05-01 07:02:00 -
Oil prices fall as dollar strengthens against euro - Newsday
Oil prices fell slightly Thursday as the dollar strengthened against the euro on a smaller-than-anticipated interest-rate cut from the U.S. Federal Reserve. Light, sweet crude for June delivery fell 21 cents to $113.25 a barrel in electronic trading ...
2008-05-01 06:55:00