Mortgage and Financial News From 2009-1-5 Page 01
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Buying a 20L home? Check the fine print - Economic Times
NEW DELHI/BANGALORE: A curious game of 20-20 is being played out in the Indian realty sector, thanks to the government’s move to prod banks to cut interest rates for housing loans up to Rs 20 lakh. Across the country, real estate companies are now ...
2009-01-05 07:27:00 -
Latest blogs - InsideHousing
There’s precious little Christmas cheer around today with a clutch of surveys pointing to a New Year that could be even worse than 2008. New figures out this morning confirm that the supply of new affordable housing is still below the level that ...
2009-01-05 04:43:00 -
Prospect of longer recession puts a question mark over government aims - Herald
THE prospect of a two-year recession - deeper and longer than predictions by Treasury statisticians suggest - has cast a shadow over measures to mitigate the long-term impact on the economy and short-term consequences for those losing jobs and homes ...
2009-01-05 06:02:00 -
Britain and Spain: a tale of two house market bubbles - Financial Times
For most of the 1990s, the euro was the big political question for both Spain and the UK. In Britain, the question was whether to join, while in Spain the concern was whether its economy was robust enough to qualify for membership. As the credit ...
2009-01-05 08:03:00 -
Home Refinancing Is Up In The Triangle (MyNC.com)
The weak economy has driven interest rates to record low levels, which has caught the eye of some homeowners looking to refinance.
2009-01-05 08:32:11 -
Home Refinancing Is Up In The Triangle (NBC 17 Raleigh)
The weak economy has driven interest rates to record low levels, which has caught the eye of some homeowners looking to refinance. Here in the Triangle, refi’s are up because there's still plenty of money out there to lend; but there's a catch. Mortgage officers say the criteria is tighter and lenders aren't offering specialty products like no income loans anymore. In other words, they're ...
2009-01-05 08:43:49 -
FANNIE MAE REDEMPTION (Bernama via Yahoo! Malaysia News)
ATTENTION EDITOR, BUSINESS DESK
2009-01-05 08:44:32 -
Deficit Aside, Minnesota Lawmakers Have Issues (WCCO Minneapolis - St. Paul)
Minnesota lawmakers will have a hard time peeling their attention away from the huge hole in the state budget when they convene Tuesday. But they will also take on some thorny issues that have little to do with money.
2009-01-05 09:02:40 -
Lenders overcharged Latinos, blacks (New York Daily News)
Two mortgage brokerage companies must compensate 445 black and Hispanic borrowers who were systematically charged higher fees than white clients.
2009-01-05 10:14:28 -
NZX Announcements: ANZ (ShareChat)
ANZ 06/01/2009 SSHO REL: 1715 HRS Australia and New Zealand Banking Group Limited SSHO: ANZ: ANZ - Revised change in substantial holding in STW 6 January 2009 Company Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street SYDNEY NSW 2000 Company Secretary SPDR S&P/ASX 200 Fund Fax: (02) 9240 7611 Notice of change in interests of substantial holder - SPDR S&P/ASX ...
2009-01-05 10:41:06 -
Credit crunch's impact worrisome as record commercial loans come due (Dallas Morning News)
A record amount of commercial real estate loans coming due in Texas and nationwide the next three years are at risk of not being renewed or refinanced, which could have dire consequences, industry leaders warn.
2009-01-05 10:50:38 -
How to pay off your home faster - ABC Action News
It sounds too good to be true, but it is possible to shave years off of your 30-year mortgage without raising your monthly payments. You simply have to know when to pay. Jim Valenzuela lives in central Phoenix. He pays his mortgage using what's ...
2009-01-05 01:01:00 -
Tuition Ammunition: a Happy Lesson on Lending - Wall Street Journal
Despite a massive federal effort to aid banks and boost the economy, lending has plunged in the last year. Home-mortgage volume and bank loans to big companies are down dramatically. But the government's response is expanding credit in at least one ...
2009-01-05 09:08:00 -
New York Fed launches home loans aid - Financial Times
The Federal Reserve Bank of New York has started its plan to drive down US mortgage rates by buying securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the government-run financiers. Mortgage bond yields fell sharply on Monday ...
2009-01-05 02:20:00 -
Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2) - Bloomberg
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime ...
2009-01-05 03:53:00