Mortgage and Financial News From 2008-4-10 Page 01
Previous Day: 2008-04-09
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Interest rate cut may not help homeowners (Daily Telegraph)
Homeowners may be breathing a sigh of relief that the Bank of England cut base rate by 0.25 of a percentage point to 5 per cent, but experts warn it could be a while before many homeowners get the full benefit because of deteriorating conditions in the bank lending market, writes Paul Farrow.
2008-04-10 04:20:01 -
Legislators discuss senior citizens? needs at appreciation day (NWAnews.com)
Issues confronting Fayetteville senior citizens are often the same issues faced by younger residents. (Northwest Arkansas Times)
2008-04-10 05:34:39 -
Coming Events (Orange County Review)
VFW POST #2217 TO MEET The Orange VFW Post #2217 regular meeting will be held April 10 at 7 p.m. at the post home on Brick Church Road. FRENCH CLASSES Traveling this summer? Need to refresh your grasp of another language? Always wanted to learn a new language?
2008-04-10 06:45:02 -
Personal Finance Daily: Personal Finance Daily: Housing pain is spreading (Market Watch)
The housing market continues to spiral downward, and some analysts are already calling the spring selling season a bust. The bad news simply compounds itself, as buyers get even more skittish over making a move with prices continuing to sink in many markets across the U.S.
2008-04-10 09:17:53 -
Olympics opening ceremony: Candidates tackle the issue (USA Today)
Barack Obama has joined Hillary Rodham Clinton in calling for U.S. President George W. Bush to boycott the opening ceremony at the Beijing Olympic Games; John McCain stopped short, but said China should clean up its act.
2008-04-10 11:15:33 -
(AFX UK Focus) 2008-04-10 19:28 GMT: Bernanke says financial reforms can't wait for markets to stabilize UPDATE (Interactive Investor)
(Updates with Q&A)
2008-04-10 11:53:55 -
Bond, McCaskill vote for housing aid (The Springfield News-Leader)
WASHINGTON - Republican Sen. Christopher "Kit" Bond and Democratic Sen. Claire McCaskill voted for a bill Thursday that provides aid to homeowners and businesses struggling because of the housing crisis. The bill passed the Senate 84-12.
2008-04-10 03:54:02 -
The Big Question: Will cutting interest rates save the economy from recession? (Independent)
Why are we asking this now?
2008-04-10 04:13:53 -
Reverse Mortgage (Peter Switzer via Yahoo!7 Finance)
My mother owns a nice home, but is short of cash. My brother and I want her to enjoy her life and some of my friends think a reverse mortgage might be a solution. However, I have heard some criticisms of the product. What do you think?
2008-04-10 04:17:00 -
Lehman liquidates three struggling funds (The New Zealand Herald)
Lehman Brothers has liquidated three floundering US investment funds that lost value and ended up taking US$1 billion of assets onto its balance sheet, according to a filing with the US Securities and Exchange Commission.
2008-04-10 02:49:08 -
McCain Offers Plan to Help Homeowners With Mortgages (Update1) (Bloomberg.com)
April 10 (Bloomberg) -- Republican presidential candidate John McCain offered a proposal to address the U.S. housing crisis that he said ``is focused on people,'' not banks.
2008-04-10 03:48:22 -
Jeremy Warner's Outlook: Rarely has the policy dilemma looked so hard as the spectre of inflation spooks MPC (Independent)
Just how low will official UK interest rates go? For the time being, it is an almost irrelevant question. The Bank of England could have cut rates by 50 basis points yesterday, or even the full 100, and still it would have made little immediate difference to underlying monetary conditions.
2008-04-10 04:42:23 -
Darling calls for better IMF monitoring of global finance (Independent)
The Chancellor will today call for the International Monetary Fund to strengthen its monitoring of international financial risks and enhance its credibility to reduce the chances of the current market carnage recurring.
2008-04-10 04:42:43 -
Real Estate: No-down-payment mortgages are gone -- but never to return? (Market Watch)
No-down-payment mortgages have been scarce lately. But in the past several weeks they’ve become virtually non-existent. And it doesn’t appear they will return any time soon.
2008-04-10 04:48:01 -
Interest rate cut toothless in face of mortgage crisis (Daily Telegraph)
Pressure is growing on the Bank of England to take drastic measures to ease the credit crunch after yesterday's quarter-point interest rate cut failed to make any inroads into the crisis.
2008-04-10 05:34:50