Mortgage and Financial News From 2007-10-13 Page 01
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A Borrower With Something to Gain; Brokers With Something to Sell
Washington Post - In short, when you have equity to protect, stiffing the lender is a bad idea. When I bought my home a year ago, I was told what the monthly mortgage payment would be, including taxes and insurance. It was within my budget. Recently, however, I ...
2007-10-12 12:56:00 -
Shakeup At Citigroup
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Citi is a major U.S. mortgage lender and a substantial amount of that business is in the subprime arena, thanks to the company’s ...
2007-10-10 05:59:00 -
Loan defaults in the area topped $1 billion over six months.
Palm Beach Post - George Bailey, the fictional mortgage lender at the heart of It's a Wonderful Life, would not have recognized the home loan practices at the heart of the mortgage morass. Neither would the Federal Housing Administration of 1934, which created the ...
2007-10-13 09:09:00 -
Mortgage Meltdown / Neighborhoods crumble in wave of foreclosures / One street's nightmare: People bail out, those who ... (San Francisco Chronicle)
Manuel Juarez stood in the middle of his patch of green lawn and gestured at the dead, brown yards of the empty tract homes in all directions. "There are no people in that house there," he said, pointing at a large stucco home with a for-sale sign next door...
2007-10-13 07:59:04 -
Questor: Mitie well placed to sell more services to existing clients
Daily Telegraph - ... Britain's famous trucker to go along with their Steady Eddie Travelling Songs CD ... year, thanks to new contract wins, while the haulier's 80pc fleet utilisation rates ... recent £254m bid for Christian Salvesen highlights the potential takeover interest in ...
2007-10-13 03:47:00 -
Solid sales calms US recession fears
Sydney Morning Herald - US retail sales rose solidly in September while inflation pressures were largely muted, according to data that eased recession fears and suggested further interest rates cuts may not be needed. The show of consumer spending power in the face of a ...
2007-10-13 04:01:00 -
General Motors' car sales jump in India robust despite slump in market
International Herald Tribune - In the past six months, the U.S. automaker sold nearly 2 1/2 times the number of cars it sold in India in the same period last year, even as overall demand for new cars were hit by a sharp rise in interest rates. The numbers underscore GM's growing ...
2007-10-11 05:58:00 -
Dollar pulls back as carry traders profit
The Australian - Carry traders usually sell low-yielding currencies like the Japanese yen for high interest rate currencies such as the ... While, many economists still believe that the Reserve Bank of Australia could lift rates in November, pending the third ...
2007-10-13 04:08:00 -
Rupee in uncomfortable zone: Chidambaram
Times of India - Lifted by a tide of overseas money into domestic shares following a cut in US interest rates last month, the currency strengthened beyond the psychologically key Rs 40 to the dollar barrier. "This is a new situation," Chidambaram said. "But we ...
2007-10-13 06:57:00 -
Save our seas
Scotsman - Thousands of jobs were lost, the population fell dramatically and alcoholism rates soared. Scottish waters show signs of ... It would provide a means of managing the conflicts of interest which will increasingly become a factor in the sea. A single ...
2007-10-13 05:41:00 -
Are student loans affecting you?
St. Petersburg Times - I recall that CD interest rates were at 15 percent in 1980-81. What caused that and what has to happen today to see those rates again? Runaway inflation. The inflation rate was about 11.8 percent in 1980 and 8.4 percent in 1981. When inflation heats ...
2007-10-13 08:55:00 -
Churches host finance classes to help people get out of debt (Yakima Herald-Republic)
It would be easy to blame the restaurant for David and Lydia Suarez's perch on the verge of bankruptcy. But that was only part of it.
2007-10-13 02:38:26 -
The GDP Equation (GoldSeek.com)
How Low Can You Go? A recession is technically defined as two consecutive quarters of negative growth in the Gross Domestic Product (GDP). This week we look at how the GDP is actually calculated to give us an idea as to the potential for a recession.
2007-10-13 11:42:27 -
City Council to ponder employee benefits (The Joplin Globe)
Deciding which proposal to accept to provide insurance coverage for city employees is among the annual budget issues to be decided or discussed Monday night by the Joplin City Council.
2007-10-13 06:58:40 -
Credit union employee recommends ‘laddering' certificates of deposit (The Kansas City Star)
In the bells-and-whistles world of money management, certificates of deposit are boring. Safe, predictable, insured investments with a guaranteed return? Nothing to get excited about here.
2007-10-13 08:40:56