Mortgage and Financial News From 2009-2-5 Page 01
Previous Day: 2009-02-04
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Mortgage Video Gallery - CNBC
Interest rates on U.S. 30-year fixed-rate mortgages rose 0.15 percentage point in the latest week to their highest since December, according to a survey released on Thursday by home funding company Freddie Mac . The rise in interest rates does not ...
2009-02-05 10:44:00 -
Banks borrow more from Fed, investment firms less - Raleigh News & Observer
WASHINGTON -- Commercial banks drew more loans over the past week from the Federal Reserve's emergency lending program, while investment firms borrowed less. The Fed said Thursday that commercial banks averaged $67.4 billion in daily borrowing over ...
2009-02-05 03:37:00 -
Central States Mortgage's parent company sues founders - Biz Times
CSMC Inc., the Wauwatosa-based parent company of Central States Mortgage, has filed a lawsuit against its founding shareholders, with allegations of racketeering and wire fraud activities that cost the company more than $15 million in losses. In a ...
2009-02-05 11:13:00 -
Glimcher Announces Mortgage Financing for Grand Central Mall - PR Newswire
COLUMBUS, Ohio, Feb. 5 /PRNewswire-FirstCall/ -- Glimcher Realty Trust (NYSE: GRT) announced that it recently closed on a $25 million mortgage loan on Grand Central Mall located in Vienna, West Virginia. For a period of up to six months after the ...
2009-02-05 01:00:00 -
CLARIFICATION of American Home Mortgage Servicing, Inc. Acquires ... - Businesswire.com
CLARIFICATION by...American Home Mortgage Servicing, Inc. IRVING, Texas--( BUSINESS WIRE )--American Home Mortgage Servicing, Inc. wishes to issue the following clarification to its release, NewsItemID 20090205005406, (TX-AHMSI) "American Home ...
2009-02-05 04:27:00 -
THE NEW WEBSITE THAT HELPS YOU FIND A GREAT MORTGAGE DEAL...DESPITE ... - Daily Express
A brand new website allows YOU to access all the information previously available only to mortgage brokers - allowing YOU to search hundreds of different firms and book the best mortgage deal yourself. And unlike most price comparison services, the ...
2009-02-05 07:26:00 -
(AFX UK Focus) 2009-02-06 02:12 PRESS DIGEST - Hong Kong - Feb 6 (Interactive Investor)
HONG KONG, Feb 6 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
2009-02-05 08:33:36 -
UK Interest Rates Crash to 1% New Record Low (GoldSeek.com)
The Bank of England fired the fifth shot in its series of panic interest rate cuts that have taken the base interest down from 5% in October 2008 to 1% today.
2009-02-05 08:49:41 -
National Australia, ANZ Say Bad Debts Rising as Economy Slows (Bloomberg)
Feb. 6 (Bloomberg) -- National Australia Bank Ltd. and Australia & New Zealand Banking Group said rising bad debts are eroding profit growth as losses spread from financial markets to the wider economy.
2009-02-05 09:26:53 -
Regulator Says Bailout Fund Is Misleading the Public (New York Times)
At least one lawmaker says the bailout program would not get more money until it was better managed.
2009-02-05 09:50:54 -
Japan Stocks Rise, Extend Weekly Gain, on Yen; Papermakers Jump (Bloomberg)
Feb. 6 (Bloomberg) -- Japanese stocks rose, extending the Nikkei 225 Stock Average’s second-straight weekly gain, as the weaker yen lifted the earnings prospects for makers of cars and electronics.
2009-02-05 10:14:20 -
Bill would increase regulation of reverse mortgages in Minnesota (Pioneer Press)
Attorney General Lori Swanson and legislative leaders this morning announced legislation intended to provide consumer protections for seniors considering a type of loan known as a reverse mortgage.
2009-02-05 10:16:44 -
Condo buyer plans to battle back in developer lawsuit (Global TV B.C.)
METRO VANCOUVER - At least one buyer being sued by the Onni Group of Companies for not completing his purchase of a Port Moody condominium plans to fight back.
2009-02-05 10:32:07 -
School spending needed in record time, says Rudd - Australian Broadcasting Corp.
The Prime Minister Kevin Rudd has told education ministers and schools representatives to treat the rollout of the economic stimulus package like a national emergency. The Federal Government has begun briefing them on its $42 billion package, which ...
2009-02-05 06:58:00 -
How To Compute Cap Rate - Nuwireinvestor.com
Capitalization rate (or cap rate) is a rate of return used in real estate investing to determine the present value of a real estate investment based upon its future benefits. Cap rate alone does not provide a complete picture of a property's ...
2009-02-05 07:02:00