Mortgage and Financial News From 2008-8-28 Page 01
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Working families are doing it tough - News.com.au
ABS data released yesterday reveals insurance and interest rates have jumped 19 per cent, housing costs 7 per cent more while alcohol and tobacco products have risen a more moderate 5 per cent. The data shows working consumers paid an average 5.7 per ...
2008-08-27 06:58:00 -
Working families cop biggest hit from price rises - News.com.au
Some household basics up 20pc in a year Working families hardest hit Interest rates, petrol, food take their toll WORKING families pay nearly 20 per cent more for some household basics compared with last year, figures show. ABS data released ...
2008-08-27 10:11:00 -
Warning signs were noted, but still mortgages crashed - Vindicator
More than four years before the collapse of the U.S. mortgage markets, a senior FBI official recognized the potential danger posed by shady investors and sounded a warning. Chris Swecker, the FBI official in charge of criminal investigations, told ...
2008-08-28 09:09:00 -
Editorial: Stressed Mortgage Holders Could Save Banks - Eastern Group Publications
Reports that banks are continuing to have a growing inventory of closed homes and that many of them are selling these homes at steep discounts are very disturbing. It was our impression that the banks in question had in many cases begun to negotiate ...
2008-08-28 05:05:00 -
Real estate info flows freely on the Web (USA Today)
With the housing slump making home buying a more considered investment flippers and investors have all but faded from view consumers crave more impartial information before they buy. And real estate sites are tumbling over themselves to provide the freshest, clearest data available. The result is that buyers are empowered with more data about properties and neighborhoods than ever before. The ...
2008-08-28 08:14:41 -
Rochester officials arrested on theft charges (The Beaver County Times)
Read the criminal complaint (15 pages). 1, 2, 3, 4, 5, 6, 7,8, 9, 10, 11, 12, 13, 14, 15.
2008-08-28 08:33:04 -
Weekly Announcements (InsideNoVa.com)
BASEBALL Forest Park Fall Tryouts Fall tryouts will be held Aug. 29 from 5:30-8 p.m. at the Forest Park baseball field. Tryouts are for all interested upcoming ninth through 12th graders.
2008-08-28 08:41:19 -
Careful with that plastic (Colorado Daily)
Getting one's first credit card can be tremendously exciting and sort of a rite of passage into economic adulthood -- but students also should be aware of the potential pitfalls of plastic.
2008-08-28 10:13:04 -
Don’t fret about closed credit card account (Lawrence Journal-World)
Several banks are closing dormant credit card accounts, but there are some easy ways for homeowners and buyers to protect against a long-term drop in their overall credit score.
2008-08-28 10:38:41 -
Counselors overwhelmed with calls from desperate homeowners (KING5 Seattle)
Housing advocates and lending counselors say they're being overwhelmed with calls for help from desperate Seattle-area homeowners, many on the brink of foreclosure.
2008-08-28 11:10:03 -
Property prices ‘will continue to tumble down hill’ (icWales)
PROPERTY experts last night warned house prices still have further to fall, as new figures revealed they have lost more than a tenth of their value over the past year.
2008-08-28 11:48:14 -
Befuddled Money Manager Seeks One Honest Broker: David Pauly - Bloomberg
I recently wrote to you bemoaning the lack of investment opportunities since the subprime mortgage crisis leveled every market outside of U.S. Treasuries. Now we're ready to start nibbling at some common stocks and convertible preferred shares that ...
2008-08-28 12:45:00 -
08-198 Canberra mortgage broker in court on ASIC charges - ASIC
ASIC today commenced criminal proceedings in the ACT Magistrates’ Court against Mr Kelvin Skeers of Queanbeyan, New South Wales. Mr Skeers, a former mortgage broker with Tonadale Pty Ltd (trading as ACT Mortgages) faces one charge under s126(2) of ...
2008-08-28 12:38:00 -
CommBank buys 33% of Aussie Home Loans - The Age
Commonwealth Bank of Australia, the country's No. 2 lender by assets, has agreed to buy a 33% stake in mortgage broker Aussie Home Loans, the company said in a statement on Friday. CBA did not disclose the value of its investment. Earlier, an ...
2008-08-28 06:24:00 -
Stock market continues recovery (Herald Sun)
THE Australian stock market traded higher this afternoon on the back of financials, property trusts and healthcare.
2008-08-28 08:24:00