Mortgage and Financial News From 2008-10-2 Page 01
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ARTHUR FOULKES: Good reason to be skeptical of government fix for ... - Tribune-Star
TERRE HAUTE — The subprime mortgage crisis came about for two primary reasons. First, the government created a lot of new money for years after 9/11 to prevent a big recession. Second, Congress wanted to encourage home ownership and so allowed two ...
2008-10-02 09:03:00 -
ECB Offers Further Billions in Effort to Keep Credit Flowing - Deutsche Welle
Großansicht des Bildes mit der Bildunterschrift: Experts say short jabs are good but won't cure the disease The European Central Bank auctioned off $50 billion in one-day loans on Tuesday to combat the credit crunch. But experts say such temporary ...
2008-10-02 08:06:00 -
Banks unlikely to pass on rates - News.com.au
HOME borrowers may be disappointed next week if the major banks use global money market turmoil as an excuse not to pass on all of an expected cut in official interest rates. Analysts say elevated interbank lending rates in Australia and overseas ...
2008-10-02 10:43:00 -
Renewed interest in continuously variable transmissions in vehicles - Engineer Live
Continuously variable transmissions have been used in niche vehicle and machinery applications for decades, but have never become as popular as their benefits might suggest. Paul Stevens reports on some of the latest developments in this field, many ...
2008-10-02 08:42:00 -
Why the Wall Street turmoil is hurting us - Sify
Having downed fourteen cups of coffee during the course of the day, I just couldn't sleep. The thought that diabetes would kill me one day did not help either. It was at around four in the morning when I saw her call coming through. With sleep ...
2008-10-02 09:10:00 -
Home prices hint at stabilization - USA Today
The Standard & Poor's/Case-Shiller nationwide housing index focuses on major metropolitan areas and includes expensive properties as well as cheaper ones. The S&P/Case-Shiller indexes use only purchase prices gathering information from county ...
2008-09-29 05:53:00 -
High interest rates and rising living costs have pressured loan ... - Economic Times
Low documentation loans are based on self-certified income. They are typically used for self-employed professionals whose earnings are difficult to verify. "I can't see in the current environment a significant improvement in the economy, so they [the ...
2008-10-02 09:53:00 -
Inside Entrepreneurship: Use caution when tapping home equity for ... - Seattle Post Intelligencer
Q: Do you have advice about the pros and cons of mortgaging your home to start a new business? What percent of your home's value should you leverage? If I take out a loan I will be at the full 80 percent of home value. I'm assuming that in this ...
2008-10-02 03:55:00 -
Plain language needs stark reminder - The Age
T OM is a low-income worker who has taken out a subprime loan to buy a house. Two years into the loan, the interest rate is reset at a much higher level. Tom is no longer able to afford the payments and the bank forecloses. Dick is struggling to meet ...
2008-10-02 02:44:00 -
Restaurant companies see prime sites opening up - MSN MoneyCentral
California Pizza Kitchen Inc ( CPKI ) Stock Quote , Chart , News , Add to Watchlist LOS ANGELES (Reuters) - Executives from restaurant chains Darden Restaurants Inc , California Pizza Kitchen Inc and Buffalo Wild Wings Inc said on Thursday they are ...
2008-10-02 04:02:00 -
New mortgage home-helper plan introduced (Calcutta News)
The US government has begun its $300 billion Hope for Homeowners program.
2008-10-01 09:08:04 -
Harper defends economic record in final debate (CTV.ca)
Conservative Leader Stephen Harper found himself on the defensive in the final televised debate, with the other party leaders combining forces to attack his record on the economy and environment.
2008-10-02 07:46:48 -
BSP, rerepasuhin ang inflation rate ng banasa (RMN)
Ire-revise ng Bangko Sentral ng Pilipinas ang inflation outlook kasunod ng mga pinakahuling development sa world market. Kabilang na dito ang pagkakapasa sa Senado ng $700 Billion bailout plan at...
2008-10-02 07:48:58 -
Morgan poll shows no bounce for Turnbull led Libs (Crikey)
Malcolm Turnbull's elevation to the leadership came at an unfortunate time, writes Bernard Keane . Does that explain the lack of a poll bounce?
2008-10-02 08:22:20 -
Business news briefs (Pittsburgh Post-Gazette)
Also in today's headlines
2008-10-02 09:25:39