Mortgage and Financial News From 2008-5-3 Page 3
Previous Day: 2008-05-02
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Australian interest rates to remain steady as data points to softening ... - Forbes
SYDNEY (Thomson Financial) - Australia's central bank is unlikely to move on interest rates at its monthly policy meeting on Tuesday, preferring instead to stay on the sidelines as recent data has pointed to easing demand in a still robust economy ...
2008-05-01 11:59:00 -
Buyers beware of real estate bargains, professionals say (The Herald-Mail)
TRI-STATE If youre considering buying a house, there might be some big bargains to be had among the properties that lenders have reclaimed. But its buyer beware. Theyre bargains, but you gotta know what youre doing, said Hagerstown Realtor Camille Turgeon, who has begun specializing in selling foreclosed houses.
2008-05-03 12:56:11 -
Jammer's Mortgage Maze: Where Do We Rank? (The Chattanoogan)
There are all sorts of polls, rankings, experts' picks and predictions. No, I'm not talking about SEC football, or any other sport for that matter. I'm speaking of the latest foreclosure numbers out as of Friday.
2008-05-03 01:27:30 -
Sailor's land deals remain murky, records show defaults of nearly $1 million (Atlanta Journal-Constitution)
Lee Anderson never saw Georgia.
2008-05-03 01:37:46 -
Kiwis struggle to pay power bills (Stuff)
New analysis shows almost half a million people in New Zealand's four biggest centres are struggling to keep warm in winter.
2008-05-03 01:42:10 -
How to Determine if it's Time to Refinance (Carteret County News-Times)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
2008-05-03 02:16:18 -
A Lender Gets Caught in the Currents (NYTimes.com via Yahoo! Finance)
The story of CIT illustrates the perils awaiting any firm that jumps into seemingly lucrative new arenas at the expense of focusing on markets that it knows and understands best.
2008-05-03 02:37:34 -
House gives final approval to student loan plan - CNBC
WASHINGTON - The U.S. House of Representatives on Thursday gave final congressional approval to legislation to stabilize the $85-billion student loan market, sending the plan on to the White House. President George W. Bush is expected to sign the ...
2008-05-01 12:10:00 -
The American patient gets a big dose of aid - Times Online
ONE TEAM of ecomedics has done what it can. Ben Bernanke’s Federal Reserve Board monetary-policy gurus dropped their short-term interest rate another 0.25 percentage points last week, to 2%, and told their patient, the American economy, not to look ...
2008-05-03 01:33:00 -
Cornering the state's market for foreclosures - Minneapolis Star Tribune
Call it a foreclosure factory. But the assembly line consists of paper and computers, not pieces and parts. More than one in four mortgage foreclosures in Minnesota begins its journey from an unassuming suite in a two-story office building in ...
2008-05-03 01:41:00 -
Citigroup Clients Exit Old Lane Fund Pandit Founded (Update1) - Bloomberg
May 3 (Bloomberg) -- Citigroup Inc. said virtually all the investors in its Old Lane hedge fund will withdraw their money, five months after its co-founder, Vikram Pandit , was named chief executive officer of the bank. Investors will be allowed to ...
2008-05-03 01:05:00 -
Heavy mortgage stresses keeping householders awake at night - Stuff
Nearly half of people with a mortgage say the repayments take between 25 and 50 per cent of their household income, and a further 22 per cent are paying even more. That's the finding of a Buzz Channel online survey into the debt position of New ...
2008-05-03 01:26:00 -
Mortgage-Free, but Not Free From the Temptation to Borrow - New York Times
This is a story about the other homeowners. Not the ones who are having trouble making their mortgage payments and getting all the attention lately. No, this is about the homeowners who do not owe any money on their primary residences because they ...
2008-05-03 12:58:00 -
HSBC low mortgage rates cost savers - Times Online
Loyal savers were punished with a slew of interest-rate cuts last week as banks and building societies seized on last month's Bank rate cut to squeeze their customers. Banks are offering their best ever rates to new savers as part of a strategy to ...
2008-05-03 12:58:00 -
Banking on a bond - pressbox.co.uk
The last few months have been tough for those seeking to get a mortgage, be it a residential loan for that all important first home or a buy-to-let mortgage. In both cases the supply of products has fallen, while the reverse has been true about the ...
2008-05-03 09:23:00