Mortgage and Financial News From 2008-10-9 Page 01
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We must lead the world to financial stability - Times Online
The banking system is fundamental to everything we do. Every family and every business in Britain depends upon it. That is why, when threatened by the global financial turmoil that started in America and has now spread across the world, we in Britain ...
2008-10-09 08:48:00 -
US Elections: A housing crisis tour of Riverside - Guardian Unlimited
Foreclosed home in Riverside by Kevin Anderson , Some Rights Reserved Ralph Torres gave me a tour or his working class neighbourhood in Riverside California today. His father was in the real estate business for more than 30 years, and he and his ...
2008-10-09 10:06:00 -
Singapore eases policy as recession hits economy - Guardian Unlimited
SINGAPORE, Oct 10 (Reuters) - Singapore eased monetary policy for the first time in five years on Friday after its trade-reliant economy sank into recession, joining central banks globally in the fight against the worsening financial crisis. In the ...
2008-10-09 08:55:00 -
Q&A with Ric: Up in ARMs Whether or Not to Refinance - CNBC
Question: My husband and I currently are in the 2nd year of our 5 year ARM mortgage. We are considering refinancing to a fixed mortgage due to low rates. However, we are unsure if that is a good idea since we have 3 years on the ARM. In that time we ...
2008-08-11 12:32:00 -
World must follow my example, says Gordon Brown - Times Online
Gordon Brown today calls on nations across the world to follow Britain in its “ground-breaking” moves to save the banking system. The Prime Minister, writing in The Times , urges other governments to put money into struggling banks and offer ...
2008-10-09 10:21:00 -
British bank bailout impressive, no need to copy in EU-Juncker - Forbes
WASHINGTON, Oct 9 (Reuters) - There is no need for other European Union nations to copy Britain's impressive bank bailout as each country should choose its own way of tackling the financial market crisis, Eurogroup Chairman Jean-Claude Juncker said ...
2008-10-09 10:21:00 -
As Rates Fall, Is It Time to Refinance? - Street.Com
After the real estate industry -- and its related securities -- almost deep-sixed Wall Street, it's hard to imagine there would be a silver lining: A five-week decline in 30-year fixed-rate mortgages has spurred a surge in refinancing, according to ...
2008-09-22 05:54:00 -
S.Korea says rate cut part of global action-media - Forbes
SEOUL, Oct 10 (Reuters) - Prime Minister Han Seung-soo said on Friday that South Korea's central bank lowered interest rates this week partly to join coordinated rate cuts by the world's major central banks, a local media outlet reported. 'Our ...
2008-10-09 05:41:00 -
Asia faces 'rough ride,' Singapore's leader says (Tri-City Herald)
Asian economies face a "rough ride" for at least the next year as weakening consumer demand from developed countries hurt the region's exports, Singapore Prime Minister Lee Hsien Loong said Friday.
2008-10-09 10:30:18 -
Administration ponders ownership stakes in number of U.S. banks (The Pantagraph)
WASHINGTON, D.C. -- News that the Bush administration is considering taking part ownership in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. | Obama rejects McCain's plan to buy mortgages | Local retailers hold out hope for holiday season | Interactive timeline
2008-10-09 10:37:43 -
Pound Falls on Concern U.K., Iceland Assets Row May Escalate (Bloomberg)
Oct. 10 (Bloomberg) -- The pound dropped to the lowest level against the dollar in almost five years on concern a dispute between the U.K. and Iceland over financial assets in each other's countries will escalate.
2008-10-09 10:50:31 -
(AFX UK Focus) 2008-10-10 06:20 DIARY - European Central Bank (ECB) events to November 30 (Interactive Investor)
- ====================================================== This diary includes speeches and public appearances by members of the ECB Governing Council, which sets monetary policy for the 15-nation euro zone region, and their top deputies. Refinancing tenders are listed at the bottom of this diary. Some ECB-events are also listet at http://www.ecb.int/events/html/index.en.html All details of ...
2008-10-09 10:51:19 -
RenCen refinance splits board (Detroit News)
General Motors Corp. executives outlined a plan Thursday to borrow $250 million from a city pension fund and refinance the Renaissance Center, but pension fund members did not take any action on the request.
2008-10-09 10:07:06 -
Oil plummets to $82 on global slowdown fears (The Washington Times)
Oil prices plummeted to a one-year low below $83 a barrel Friday in Asia as investor fears of a severe global economic downturn sparked a panicked sell-off of equities and crude.
2008-10-09 10:57:24 -
Credit crunch: Business, home loans get scarce (The News-Press)
Would-be buyers of businesses and homes alike are finding the credit crunch makes banks more leery of financing a deal.
2008-10-09 10:20:15