Mortgage and Financial News From 2008-8-9 Page 01
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A foolproof guide to the credit crunch - News.com.au
The credit crunch started about a year ago It all started with bad loans made in the US property market Banks around the world have lost billions of dollars THE global credit crunch was a year old last week, a very unhappy birthday for the world ...
2008-08-09 10:14:00 -
Ask the Mortgage Expert - Colleyville Courier
Mike Warsop of Gold Mortgage Banc with 18 years of mortgage experience, answers questions asked on his "Ask the Expert" forum. Let him find you the best rate and loan possible. As a commercial mortgage lender, we recognized the need for this ...
2008-08-09 06:54:00 -
Mortgage rates to go up, many say - Kansas City Star
More than two-thirds of the panelists surveyed last week by Bankrate.com think mortgage rates will rise over the next 35 to 45 days. About one-fifth think rates will fall, and a lonely minority thinks rates will remain relatively unchanged. Experts ...
2008-08-08 05:58:00 -
A rescue, but not a remedy - Baltimore Sun
Consumers still face the prospect of rising mortgage rates, inflation and tighter credit despite the federal government's move to rescue Fannie Mae and Freddie Mac and avert a meltdown in the lending industry, economists and banking experts say. Most ...
2008-08-09 09:24:00 -
Housing market stronger locally than nationally (The Huntington Herald-Dispatch)
The Huntington-area housing market remains stronger than the picture painted nationally over the past year, but it is feeling some pain from the national fallout. PHOTOS, GRAPHIC.
2008-08-09 09:18:19 -
National Business (The West Australian)
The Reserve Bank of Australia (RBA) may need to cut its official cash rate by a half percentage point next month to make an impression on mortgage rates, an economist at a leading investment bank says.
2008-08-09 09:55:32 -
Australia's Deputy Prime Minister Pressures Banks to Cut Rates (Bloomberg.com)
Aug. 10 (Bloomberg) -- Australian Deputy Prime Minister Julia Gillard stepped up pressure on the nation's banks to pass on to borrowers any cut in official interest rates.
2008-08-09 10:05:29 -
Indiana's program is really a tax phase-in (The Gleaner)
Community Comment for Sunday Soapbox
2008-08-09 10:09:01 -
Nest egg Nostradamus (Pioneer Press)
For years, Dan and Nancy Boxrud diligently socked every penny they could into their 401(k)s.
2008-08-09 10:14:29 -
Spain facing worse economic slowdown than expected (Channel NewsAsia)
MADRID: The Spanish economy, long a motor of growth and job creation in the eurozone, is facing a deeper and faster-than-expected slowdown as the impact of the end of a property boom spreads to other sectors.
2008-08-09 10:27:09 -
Banks don't measure up, more customers say (The News & Observer)
High fees, rising interest rates, incompetent employees spur formal gripes to regulators.
2008-08-09 10:32:59 -
UBS counts the cost of subprime after 'annus horribilis' (Channel NewsAsia)
ZURICH: Swiss banking giant UBS will unveil its second quarter results Tuesday still scarred from its subprime-related "annus horribilis" and the loss of billions of dollars - and wealthy clients.
2008-08-09 10:41:26 -
Wall St looks to extend gains as traders bet on oil’s drop (Gulf Times)
NEW YORK: Wall Street may extend its recovery push next week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth.
2008-08-09 10:43:22 -
Is your holiday home under threat? (Times Online)
It was so breathtakingly beautiful, we fell in love with it right there and then,” says Helen Coop. “We made a spontaneous decision to buy it - we just had to have it.”
2008-08-09 04:14:19 -
Foreclosure Workshop Provides Some Relief (First Coast News)
JACKSONVILLE, FL -- For Mary Pickney, quality time is family time, but it's something that may come to a halt. Like many Americans, the threat of foreclosure is an issue.
2008-08-09 06:22:11