Mortgage and Financial News From 2008-11-30 Page 01
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Applications rise 1.5 percent - Daily Business Review
ortgage applications in the U.S. rose last week as purchases climbed from an eight-year low while refinancing fell, reflecting difficulties in the credit market. The Mortgage Bankers Association’s index of applications to purchase a home or ...
2008-11-26 12:51:00 -
The outer limits in mortgages (Boston Herald)
If you borrow, say, $500,000 after Jan. 1, you'll likely need a 'jumbo' mortgage instead of a cheaper 'jumbo-conforming' one. That's because...
2008-11-30 08:09:13 -
HUD backs plan to save homes in foreclosure (Middletown Journal)
HAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure.
2008-11-30 11:19:15 -
Lender ordered to pay couple $84K (The Daily Record)
A Baltimore County jury has awarded $84,001 to a couple after they were charged additional, undocumented fees on their mortgage by a lender who also hindered their ability to sell their home.
2008-11-30 06:54:54 -
PM holding Finance may boost market sentiment (Business Standard India)
Prime Minister Manmohan Singh taking charge of the finance ministry as well as positive cues from global markets may boost the sentiment on Dalal Street, said analysts.
2008-11-30 10:38:37 -
German complacency poses a serious threat - Financial Times
Germany’s boycott of a co-ordinated European response to this crisis has become serious and persistent. Only a day after the European Commission proposed a modest European Union-wide stimulus of 1.5 per cent of gross domestic product, Peer ...
2008-11-30 04:28:00 -
BANK RATE ‘SET TO BE SLASHED’ - Daily Express
ECONOMISTS last night predicted that the Bank of England will slash interest rates by up to one per cent this week. Governor Mervyn King is committed to more falls in the official cost of borrowing, despite the current level of three per cent being ...
2008-11-30 05:54:00 -
U.S. mortgage rates unchanged on Monday - BestInfo - Reuters
NEW YORK, Nov 24 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Monday at 6 percent, according to BestInfo Inc. If the mortgage market on Tuesday continues in its current direction, rates may rise. The ...
2008-11-24 03:24:00 -
Italy sees 12 bln euros support for banks - Forbes
ROME, Nov 28 (Reuters) - Italy could hand out up to 12 billion euros ($15.53 billion) to boost the strength of its banks, Treasury Minister Giulio Tremonti said, smoothing lending to business as part of a package to keep deep recession at bay ...
2008-11-28 10:04:00 -
W. Irondequoit Schools Brace for Cuts (R News)
School districts may have dodged a bullet when state lawmakers refused to support the governor's mid-year cuts to education two weeks ago, but that doesn't mean they have avoided the budget ax altogether.
2008-11-30 03:05:44 -
High Unemployment, Suicide Linked (R News)
During these tough economic times, many are dealing with crises they have never seen before. For some, it is too much to handle. Some decide to take their own life. According to the American Association of Suicidology, there is a direct relationship between unemployment and suicide rates.
2008-11-30 03:20:43 -
DATA SNAP: UK House Prices Fall Further In November (The Forex Market)
LONDON (Dow Jones)--U.K. house prices fell again in November, with the year-on-year decline the largest on record, a survey by Hometrack showed Monday.
2008-11-30 06:12:38 -
Thanksgiving Week Roundup: Markets and The Economy (Fast Company Magazine)
Friday, November 28, 2008 In a shortened week that received absolutely dismal economic news, Washington awoke from its most recent policy slumber and made real progress in the War on Scarcity. President-elect Obama must be receiving my emails (if ...
2008-11-30 06:32:39 -
Working toward a debt-free retirement (Stuff)
Safe as your houses in retirement? In our latest Money Makeover, Amanda Morrall looks at the integrity of a property-based savings strategy.
2008-11-30 07:26:22 -
How deep will Dr Bollard cut? (Stuff)
Any suggestion the Reserve Bank could cut official interest rates by 1.5 percentage points in one fell swoop would once – say, earlier this year – have been greeted with derision.
2008-11-30 07:35:31