Mortgage and Financial News From 2008-5-3 Page 6
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Broker may be to blame if locked rate is lost (Seattle Times)
One of the unpleasant features of the mortgage crisis has been heightened volatility in the prices faced by borrowers.
2008-05-03 02:19:20 -
GOING AGAINST THE ODDS (The Globe and Mail)
HALLANDALE BEACH, FLA. -- It's a brilliant Saturday afternoon at Frank's Energy Beach. The hip hop and rock music is pulsating. A crowd buzzes around the bar. Coconut palms sway in the breeze rustling the cabanas and the twentysomethings are savouring the party.
2008-05-03 03:10:39 -
Susan Flynn: A sign of the economic times (The Salem News)
Mike Desclos figured he had nothing to lose because he had so much to lose. Out of work and with creditors calling, the union carpenter from Danvers got tired of driving around looking for jobs, wasting his money on gas and coffees.
2008-05-03 03:20:57 -
Today in History - US News and World Report
1707—The Act of Union brings together England and Scotland as Great Britain, one country with one parliament. 1884—Builders start construction on the first skyscraper, the Home Insurance Co. building in Chicago. 1893—President Grover Cleveland ...
2008-05-01 06:26:00 -
Bank of Ireland raises interest rates - Irish Times
One of the country’s biggest lenders has become the latest financial institution to increase its mortgage rates. Bank of Ireland said this afternoon it was increasing its interest rates on fixed and tracker mortgages for new customers. The changes ...
2008-05-01 09:32:00 -
Central banks step up credit crisis battle - News.com.au
THE US Federal Reserve and key European central banks yesterday announced a fresh offensive against a global credit crisis that has gridlocked lending and slowed the world economy. "In view of the persistent liquidity pressures in some term funding ...
2008-05-02 08:15:00 -
Banks up mortgage rates - New Zealand Herald
ANZ and The National Bank have increased their variable home lending rate by 25 basis points, despite a recent decision by the Reserve Bank to leave rates on hold. The variable rate is now 10.95 per cent, the highest among retail banks, although most ...
2008-05-02 11:07:00 -
Lloyd Blankfein - Time
The smiling Buddha sitting in the center of the simmering heap of Wall Street is Lloyd Blankfein, CEO of Goldman Sachs. He's the last man standing. When the rest of the Street fell for mortgage-backed securities, Goldman wisely steered clear ...
2008-05-02 12:27:00 -
Have you been to mortgage town yet? - KOMO-TV
Have you been to mortgage town yet? That's mortgagetown.org , the new Web site run by the National Consumers League. "We're not selling anything. This is a consumer organization that is here to help consumers through this very complicated and arcane ...
2008-05-01 05:53:00 -
Seminar will offer housing advice to seniors - Patriot Ledger
The National Aging in Place Council will hold a seminar, called “Aging in Place With Peace of Mind,” next week. The event, sponsored by the Braintree Council on Aging, will start at 10 a.m. on Tuesday, May 6, at 71 Cleveland Ave. The “Aging in ...
2008-05-02 11:00:00 -
Advice by Kenneth Harney : Oft-bitten mortgage insurers shut access ... - Arizona Daily Star
WASHINGTON — Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. The latest to feel the pinch: ● Cash-out refinancings. ● Loans with anything less than full documentation of ...
2008-05-02 11:57:00