Mortgage and Financial News From 2008-5-1 Page 8
Previous Day: 2008-04-30
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Economy grows by only 0.6 percent in first quarter (Durant Daily Democrat)
WASHINGTON (AP) —The bruised economy limped through the first quarter, growing at just a 0.6 percent pace as housing and credit problems forced people and businesses alike to hunker down.
2008-05-01 09:07:21 -
Who can stay? Who must go? Who goes under? - Wichita Falls Times Record News
MINNEAPOLIS — Roxanne Sleva and Scott McCune don't know each other. But they've both learned that efforts to save troubled mortgage loans can be painful and sometimes unproductive. Loan rescues, known in the industry as workouts, are raising a ...
2008-05-01 06:12:00 -
Subprime Debt, Catalyst for Debt-Market Slump, Rises (Update1) - Bloomberg
May 1 (Bloomberg) -- Top-rated securities backed by subprime or home-equity loans returned 0.77 percent in April after declining more than 9 percent in the past six months, as Federal Reserve efforts to calm credit markets helped entice buyers back ...
2008-05-01 07:24:00 -
H&R Block closes sale of mortgage loan servicing unit; repays debt - Forbes
NEW YORK (Thomson Financial) - H&R Block Inc. Thursday said it closed the sale of its mortgage loan servicing unit to American Home Mortgage Servicing Inc., a unit of WL Ross & Co. Proceeds of the transaction at closing were $1.3 billion, while H&R ...
2008-05-01 07:24:00 -
Experts: Local housing decline may soon end (Vallejo Times-Herald)
The local real estate market news is bad, unless you're a buyer or investor interested in a Vallejo area house, local industry experts said Wednesday. Sales of homes in Vallejo and Benicia increased in the past month, and while average
2008-05-01 07:19:58 -
DJ-BTMU Business Barometer Up 0.1% In April 19 Week (Nasdaq)
NEW YORK -(Dow Jones)- The Dow Jones-Bank of Tokyo-Mitsubishi-UFJ weekly business barometer increased by 0.1% in the week ended April 19, building on a gain of 0.3% in the previous week, according to data published on Thursday.
2008-05-01 07:21:32 -
Cape man to start day three of job search by sign (The News-Press)
His face is sunburnt, the weather is hot, but Cape resident John Howell said he's pressing on.
2008-05-01 07:22:12 -
Real Estate Valuation Expert Provides In-Depth Look into Automated Valuation Models (Centre Daily Times)
Zaio Inc., the US Subsidiary of Zaio Corporation (TSX-V: ZAO), announces the release of "AVMs 201: A Practical Guide to the Implementation of Automated Valuation Models." AVMs are computer software programs that apply statistical methodology and analyses to predict a home's market value at a particular point in time. Real estate appraisers and mortgage professionals will be able to use this ...
2008-05-01 07:24:37 -
Turnaround Under Way, G.M. Is Still Bleeding Cash (NYTimes.com via Yahoo! Finance)
The automaker boosted its sales, but lost $3.25 billion from a bankrupt former parts division, a strike at a major supplier and bad home loans made by its finance arm.
2008-05-01 07:37:04 -
Habitat offers range of programs to provide homes (Lake County Journals)
Habitat for Humanity Lake County is an affiliate of Habitat for Humanity International.
2008-05-01 07:37:21 -
H&R Block completes sale of Option One (Los Angeles Business Journal)
H&R Block Inc. has completed the $1.3 billion sale of its Option One Mortgage Corp. subsidiary, but the transaction is not expected to result in a significant gain to Block's bottom line. (HRB)
2008-05-01 07:37:44 -
Highlights from the release of 2006 census data release on earnings, income and shelter costs (Vancouver Province)
Earnings refer to wages or salaries. Income is a broader category that includes earnings as well as government transfers, investment income, and retirement income. The median is the middle number, meaning half the population earned less, half earned more than this figure.
2008-05-01 07:37:51 -
FHA: That spells 'opportunity' Higher cap makes home loan program - Herald Tribune
A new FHA loan limit — $106,000 higher than before — is making these low-money-down loans a vital new force in Southwest Florida's staggering real estate market, area lenders say. But a separate, much-ballyhooed bump in lending limits -- so ...
2008-05-01 02:16:00 -
Stocks Fall in Japan, U.S. Futures Rise; Kirin, Kingfisher Drop - Bloomberg
May 1 (Bloomberg) -- Stocks fell in Japan and most shares retreated in the U.K. after the Bank of Japan lowered its growth forecast and the Federal Reserve cut interest rates for a seventh time, saying the world's largest economy remains weak. U.S ...
2008-05-01 03:56:00 -
Bank of England says credit market recovery will be gradual - CNBC
LONDON - Credit markets will gradually recover in coming months amid an eventual realization that financial risks from the subprime crisis have been exaggerated, the Bank of England said Thursday even as more data emerged confirming a slowdown in ...
2008-05-01 02:44:00