Mortgage and Financial News From 2008-5-3 Page 4
Previous Day: 2008-05-02
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Australia's March Retail Sales Rise 0.5% on Food (Update1) - Bloomberg
May 2 (Bloomberg) -- Australian retail sales rose in March as the lowest unemployment rate in more than three decades buttressed consumer spending in the face of rising interest rates. Sales rose 0.5 percent from February, when they fell 0.1 percent ...
2008-04-30 05:55:00 -
House prices now sliding by £500 a week (Guardian Unlimited)
First annual decline in 12 years, with the average home costing £8,136 less than in January
2008-05-02 04:33:58 -
House prices suffer worst decline since 1996, says Halifax (Independent)
Further confirmation that the economy is entering its worst slowdown since the early 1990s came yesterday, as the Halifax index showed that house prices fell by another 1.3 per cent in April.
2008-05-02 05:58:49 -
Fed acts on unfair credit cards (The Tennessean)
Financial banking regulators on Friday proposed the biggest clampdown in decades on credit card industry practices that critics say hurt those struggling to cope in a bad economy.
2008-05-03 12:13:53 -
Two-Year Treasuries Drop on Bets Fed to Pause in Cutting Rates (Bloomberg.com)
May 3 (Bloomberg) -- Two-year Treasuries fell, pushing their yields to the highest in more than three months, after the Federal Reserve cut interest rates for the seventh time since September and signaled it may pause.
2008-05-03 05:33:22 -
On this day - News Shopper
On this day in... 1808 - A duel was fought from two hot-air balloons over Paris. 1957 - Newcastle United became the first team to win the FA Cup for two years in the 20th Century. 1965 - Red Rum was born - three times Grand National winner. 1969 ...
2008-05-03 06:38:00 -
Fed shaves 1/4-point off rates - USA Today
WASHINGTON — The Federal Reserve on Wednesday cut a key interest rate by a quarter of a percentage point to 2%, saying the economy is weak, the housing market is still in the doldrums and credit markets remain troubled. It was the seventh time ...
2008-04-29 05:56:00 -
Yen plummets as key Japanese post reform vote nears - Edinburgh News
kkei saw the biggest falls of the major market indexes. Prime Minister Junichiro Koizumi has staked his political future on winning approval for postal privatisation bills.
2008-05-03 07:21:00 -
Huntington Bancshares cuts prime lending rate to 5 percent - CNN Money
NEW YORK (Associated Press) - Huntington Bancshares lowered its prime rate by one-quarter percentage point after the Federal Reserve cut its key interest rate. Columbus, Ohio-based Huntington Bancshares said late Wednesday its prime rate is now 5.00 ...
2008-05-01 09:32:00 -
Bid to slash food bills - News.com.au
SUPERMARKETS could be forced to display costs per measure on products under a radical new grocery pricing plan being considered by Kevin Rudd. The system, known as unit pricing, would enable consumers to compare whether a 425g can of corn, for ...
2008-05-03 04:51:00 -
Ballot crowded in North Port - Herald Tribune
*Slightly higher for the chairperson or mayor. The incoming commission faces tough issues, including possible employee layoffs, budget cuts and other repercussions from the steep dropoff in North Port's once zooming population growth. The new crop of ...
2008-05-03 03:54:00 -
Verify income if you want lender's trust - Baltimore Sun
A new study suggests that one of the reasons many subprime loans have failed is very weak underwriting. Underwriting is the process by which a lender decides whether a borrower is a good risk. It involves looking carefully at the paperwork provided ...
2008-05-02 12:13:00 -
Property turmoil sees rents hit £1,000 - This is Money
Buy-to-let landlords taking a battering from the mortgage storm have received a ray of sunshine with the news that average rents have passed the £1,000 mark. The faltering property market has pushed up demand for rental property, as potential buyers ...
2008-05-03 03:46:00 -
Banks in mortgage confusion - Guardian Unlimited
There was lots more chopping and changing on the mortgage front this week - and it is not all bad news. Nationwide upped the minimum deposit it demands from new borrowers to 10% on all but two mortgage products, and halved its maximum loan to £500 ...
2008-05-02 03:51:00 -
From marketing pitches to scams, rebates stimulate plenty of activity - Marketwatch
The scammers tell consumers the information is necessary if they want to get their stimulus payment processed. The data collected is then used to commit identity theft. The scams don't always mention the stimulus payments. The IRS warns that in one ...
2008-04-30 05:55:00