Mortgage and Financial News From 2008-7-23 Page 01
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Bollard cuts interest rates - but what will the banks do now? - New Zealand Herald
With official interest rates cut this morning for the first time in five years, attention is now turning to the major banks, as consumers wait to see what impact the cut will have on mortgage rates. Global conditions mean money is expensive, so those ...
2008-07-23 04:44:00 -
But for many consumers, plan offers modest benefits - Boston Globe
WASHINGTON - The House passed a sweeping housing bill yesterday that President Bush could sign as early as this week; it would ease some of the market's problems but provide only modest benefits for homebuyers or borrowers facing foreclosure. While ...
2008-07-23 09:30:00 -
Report predicts 1m households to be in mortgage stress by Christmas - News.com.au
And Victorian households are tipped to account for just over 260,000 of those who will experience either mild or severe mortgage stress within the next six months. A Fujitsu Consulting/Wizard Home Loans report found about 837,000 Australian ...
2008-07-23 09:01:00 -
Rent rises through the roof - News.com.au
Rents have risen by up to 25pc in a year Biggest rises have been in Sydney and Perth More property news in our Money section RENTS have jumped by as much as 25 per cent in the past year as a result of higher mortgage rates and a weak building sector ...
2008-07-23 11:03:00 -
Rate cut good news even if no mortgage cut - Cullen - National Business Review
Finance Minister Michael Cullen says today's cut to the Official Cash Rate is good news for mortgage holders even if it does not mean an immediate fall in rates. Reserve Bank Governor Alan Bollard sprang something of a surprise when he cut the ...
2008-07-23 10:42:00 -
House passes housing bill after Bush says he will sign it - International Herald Tribune
WASHINGTON : The House on Wednesday approved far-reaching government assistance for the housing market, including broad authority for the Treasury Department to protect the nation's two largest mortgage finance companies and an aggressive plan to ...
2008-07-23 07:43:00 -
Mortgage advisors fail advice test - MyFinances.co.uk
An investigation by consumer watchdog Which? finds just four in 50 mortgage advisors are giving "acceptable" advice to homebuyers. Between February and April 2008, Which? Money visited advisers in England and Scotland undercover, posing as first-time ...
2008-07-22 07:37:00 -
Mortgage advisers 'fail' consumers - MSN UK News
Fewer than one in ten mortgage brokers are providing acceptable advice to consumers. The consumer group Which? Money said four out of 50 advisers based at banks, estate agents and individual firms visited by its researchers during a mystery shopping ...
2008-07-23 03:22:00 -
Mortgage advisers slammed by Which? magazine - Daily Telegraph
Nine out of 10 mortgage advisers are giving poor advice, leaving borrowers at risk of being unable to afford repayments, according to an investigation by Which? magazine. The magazine's undercover investigation found that 41 of 50 advisers failed to ...
2008-07-23 03:15:00 -
Mortgage advisers 'are failing' - BBC News
They found that just four gave advice to an acceptable standard, with 41 failing to provide at least one key piece of information. Which? said many advisers appeared more interested in selling insurance rather than giving tailored advice. "Too many ...
2008-07-21 05:58:00 -
House passes housing bill after Bush says he will sign it (International Herald Tribune)
Citing the need to restore confidence in U.S. mortgage giants Fannie Mae and Freddie Mac, the president said he would set aside his objections to the legislation.
2008-07-23 05:01:36 -
Dems rack up wins (The Hill)
Democrats are marching through their legislative agenda as they near the fall election season, scoring several key victories and forcing President Bush to abandon his veto threats.
2008-07-23 05:06:44 -
Call for campaign to boost saving (Channel 4)
The Government has been urged to run a financial health campaign encouraging consumers to save rather than rely on debt.
2008-07-23 05:44:46 -
How Nashville's Housing Market Is Handling Economy (News Channel 5 Nashville)
The combined credit and foreclosure crisis have meant major tough times in the housing market. So what do home builders have to say about the situation?
2008-07-23 06:21:39 -
FANNIE MAE REDEMPTION (Bernama via Yahoo! Malaysia News)
ATTENTION EDITOR,
2008-07-23 06:54:29