Mortgage and Financial News From 2008-10-20 Page 01
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A Quick Guide to Resources for Homeowners - Magic City Morning Star
Millions of Americans are painfully aware of the fact that mortgage foreclosures and delinquencies are at their highest level in more than 30 years. These problems in the mortgage market have seriously strained the overall U.S. economy and are ...
2008-10-20 11:43:00 -
Web Extra: Refinance or Wait? - CNBC
Q: Should we refinance our adjustable-rate mortgage now or hold out and continue to build equity until the market rebounds? How about building equity but with a fixed-rate? Watch the video to find out more.
2008-10-20 08:08:00 -
Why Lending Standards Didn't Fall (Portfolio.com via Yahoo! Finance)
Last week I wrote about new research from St. Louis Federal Reserve economists which, contrary to conventional wisdom, found very little evidence that subprime lending standards loosened in recent years.
2008-10-20 03:30:56 -
Rural housing loans help homebuyers (Reno Gazette-Journal)
Guaranteed rural housing loans have been around for some time, and have helped many families and individuals purchase homes in rural areas.
2008-10-20 04:18:09 -
ELS Reports Third Quarter Results (Finanzen.net)
2008-10-20 07:42:05 -
Late payment by big players hurts little guys - The Australian
FAR be it from me to criticise Prime Minister Kevin Rudd as he puts together his economic rescue plan. But his assembling of business leaders, while a great idea, had one thing lacking -- small business representatives. And it comes at a time when ...
2008-10-20 05:48:00 -
ANZ to reduce variable mortgage rates by 0.25% pa - Banking Business Review
Effective October 27, 2008, the interest rate on ANZ's standard variable rate home loan will decrease by 0.25% pa to 8.32% pa for new and existing customers. Other variable rate home loan products will also decrease by 0.25 pa from October 27, 2008 ...
2008-10-20 07:43:00 -
Deposits are safe, says PM - Statesman
MUMBAI/NEW DELHI, Oct. 20: The Reserve Bank of India today cut the repo rate ~ a short term lending rate of the central bank ~ by 100 basis points to eight per cent which according to bankers is expected to make home, consumer, corporate and personal ...
2008-10-20 03:39:00 -
Lindsay Tanner rules out 'fat cat' tax rise - News.com.au
THE Federal Government has ruled out any new income tax increases, even a so-called "fat cat'' rate hike directed at the nation's wealthiest executives. Such a move wouldn't raise much revenue anyway, Finance Minister Lindsay Tanner said. The ...
2008-10-20 05:48:00 -
Tax protects 'big end of town' - News.com.au
Blueprint ... big-earning CEOs would be taxed at a rate of 50 per cent once their incomes hit $1m under a new 'fat cat tax' plan. Government rules out fat cat tax hike Greens say Government out of touch Corporate execs 'manipulating system' THE ...
2008-10-20 08:47:00 -
Economy may slow, but banks are sound: PM - Hindustan Times
Prime Minister Manmohan Singh on Monday asked the country to prepare for a “temporary slowdown”, but assured people that their money in banks was safe and that inflation, the biggest worry, was headed for a fall. The prime minister's comments ...
2008-10-20 02:49:00 -
Financial crisis: Government debt rising at fastest rate since 1946 - Daily Telegraph
Alistair Darling's original forecast that full-year borrowing would reach £43bn now looks even further out of reach Photo: PA Alistair Darling has become the first Chancellor in history to borrow at a rate of £200 million a day as the economy heads ...
2008-10-20 08:11:00 -
US Fed finalizes rule on mortgage rate disclosure - Reuters
WASHINGTON, Oct 20 (Reuters) - The Federal Reserve Board on Monday approved final rules that require mortgage lenders to notify borrowers of the interest rate difference between between higher priced mortgage loans and comparable prime mortgages in ...
2008-10-20 02:49:00 -
Sensex up by 388 pts at 10,363.53 pts after repo rate cut - Deepika Global
Mumbai, Oct 20 (UNI) The BSE 30-share Sensex was up by 388.81 points or 3.29 per cent at 10,363.53 in the afternoon session today, following the 100 bps repo rate cut announced by the Central Bank. The Sensex surged by 562.70 points to the day's high ...
2008-10-20 07:28:00 -
National Australia's Second-Half Earnings Drop on Provisions (Bloomberg)
Oct. 21 (Bloomberg) -- National Australia Bank Ltd. , the country's biggest by assets, posted a 24 percent drop in second- half profit as funding costs rose and the company increased provisions for potential securities losses.
2008-10-20 07:31:30