Mortgage and Financial News From 2008-5-12 Page 01
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Senate Talks Collapse On a Housing Bill - Washington Post
Sen. Christopher Dodd (D) drafted his own bill to aid homeowners. (Bob Child - AP) Hope dimmed yesterday that Congress would act quickly to rescue homeowners at risk of foreclosure after key Republican and Democratic negotiators in the Senate said ...
2008-05-12 09:58:00 -
Federal Home Loan Bank of Seattle Announces Availability of Community ... - Forbes
The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the availability of $7.9 million in affordable housing subsidy and up to $100 million in reduced-rate loans for mortgage refinance. The funds will be made available through the ...
2008-05-12 04:22:00 -
Capmark Financial Group Inc. Reports 2008 First Quarter Operating ... - Forbes
-- In April 2008, Capmark sold interests in loans in its European portfolio for approximately $1.8 billion in cash and used the majority of the proceeds to repay outstanding debt. In addition to increasing overall liquidity, the transaction resulted ...
2008-05-12 09:01:00 -
House prices fall worst since 1978, says RICS - Daily Telegraph
The housing market is in its worst state for 30 years after a record number of estate agents reported falling property prices. The Royal Institution of Chartered Surveyors (RICS) said 82 per cent of estate agents in the UK had seen a drop in prices ...
2008-05-12 04:00:00 -
House sales fall to their lowest rate since the 1970s - Daily Mail
Estate agents are selling fewer homes than at any time since records began in 1978. One told a survey he had "no credit, no confidence, no customers". The latest report from the Royal Institution of Chartered Surveyors is the bleakest picture it has ...
2008-05-12 05:55:00 -
Fear of falling prices damages housing market - Financial Times
A growing belief that property prices are falling is deterring both sellers and buyers, leaving UK housing-market conditions at their loosest since the mid-1990s, according to a survey published today. Confidence in the outlook for house prices has ...
2008-05-12 06:59:00 -
Housing market worst for 30 years - The Independent
Confidence in Britain's housing market has sunk to its lowest level for more than 30 years, figures to be published today will reveal, as property prices continue to fall and mortgage lenders restrict home loan finance. The Royal Institute of ...
2008-05-12 03:53:00 -
Southern California's S & Ls suffer, survive - Los Angeles Times
Investors are increasingly throwing in the towel on Southern California-based savings-and-loan mortgage lenders IndyMac Bancorp, FirstFed Financial Corp. and Downey Financial Corp. Defaults keep climbing on the nontraditional mortgages made by the ...
2008-05-12 09:29:00 -
US 'Ninja' loans to blame for turmoil - Edinburgh News
THE term "Ninja" conjures up Hollywood action images of films like Teenage Mutant Ninja Turtles. But lately the word has taken on a new meaning, one which has sliced through the certainties of the banking world - and could be causing concern among ...
2008-05-09 05:58:00 -
The Human Foundations of Financial Risk - American Enterprise Institute
Why is it that "a prudent banker is one who goes broke when everybody else goes broke"? This witty line of John Maynard Keynes points us to the human elements at the base of financial bubbles and busts, including the housing and mortgage bubble that ...
2008-05-12 09:34:00 -
iEmergent Announces Release of FHA Market Forecasts and Analytic Tools - PR Inside
- Media contact for iEmergent Sarah Wroble, 678-781-7236 or Chuck Meyers, 678-781-7204 iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries ...
2008-05-12 09:41:00 -
Treasurer warns of further reform - News.com.au
NO WEEKEND get-together seems complete without a rant from somebody about their bank, superannuation fund or some other lender or money manager. Banking and financial services are necessities of life. Perhaps that is why they are notorious for high ...
2008-05-10 05:57:00 -
Despite the baby boomers ageing, we can afford to care - Guardian Unlimited
Every year that passes, the crisis in social care threatens to crash into the political headlines. It hasn't quite yet, but the desperate state of the old and their carers is a gathering thundercloud. Gordon Brown yesterday began a public ...
2008-05-12 04:57:00 -
The ownership premium - Boston Globe
The latest edition of The Economist includes a fascinating comparison of home prices with the estimated annual cost of renting the same home. Basically, this price-rent ratio is a way of describing the premium that people will pay to own a home ...
2008-05-12 05:33:00 -
Harper pledges long-term renewal of Canadian Forces - Globe and Mail
Prime Minister announces 'Canada First Defence Strategy' with promises of long-term stable funding, new equipment and the recruitment of new troops and reservists ... Read the full article Shawn Bull from Canada writes: The military has been ...
2008-05-12 05:19:00