Mortgage and Financial News From 2009-5-17 Page 01
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Official targets slow work on Corridor H - Charleston Daily Mail
CHARLESTON, W.Va. -- Nobody would set out to spend 70 years building a 145-mile road. But by all indications, it appears that Corridor H is following such a timetable. One West Virginia GOP official wants to take the project off that track and speed ...
2009-05-17 10:52:00 -
BIS Report: Central Banks May Be on Cusp of Change - Wall Street Journal
The current crisis may prove as pivotal to central-bank evolution as chronic inflation in the 1970s and 1980s was. That’s a main conclusion of a hefty Sunday report on central-bank governance from the Bank for International Settlements, the central ...
2009-05-17 05:37:00 -
New Zealand's Producer Input Prices Fell Most Since 1976 in Q1 - DailyFx
New Zealand Producer Input Prices tumbled -2.5% in the first quarter, the most since records began in 1976, as falling commodity prices drove down production costs. Output prices , the costs paid to manufacturers by re-sellers of finished goods, also ...
2009-05-17 09:11:00 -
Aussie down as economic recovery hopes falter - ninemsn
* Aussie falls to lowest in nearly two weeks as doubts about a recovery in the global economy crimped risk appetites and kept investors away from riskier currencies. * In a sign of rising risk aversion, stock markets fell across Asia on Monday. The ...
2009-05-17 10:01:00 -
A Reshaped Fed Is Likely to Gain Some Powers, Lose Others - Wall Street Journal
During its 96-year history, the Federal Reserve has seen a handful of moments that led elected politicians to reshape it. The Fed is at such a turning point now. History may show that the Fed helped stave off another Great Depression in 2008, but the ...
2009-05-17 11:06:00 -
Inflation or deflation - GOLD WILL BE KING... (GoldSeek.com)
From August 2007 when the world passed the tipping point it has been in the grip of massive deflationary forces that have already ravaged portfolios and pension plans and resulted in millions losing their jobs.
2009-05-17 10:30:07 -
Feeling the pinch (Marlborough Express)
A new indicator of bank margins provides more ammunition to critics who complain that interest rates are too high.
2009-05-17 10:30:59 -
It's time to reform college loan program (The Charlotte Observer)
Thousands of N.C. college graduates have more in common this spring than just getting a diploma. They face a tough job market, and many will leave school saddled with student loans. In fact, the 2009 class leaves with more debt than any previous graduating class.
2009-05-17 11:05:27 -
ING Canada posts first-quarter loss (National Post)
Home and auto insurer ING Canada Inc. posted a first-quarter loss as weak equity markets led to investment losses.
2009-05-17 11:10:19 -
U.S. Rep Charlie Wilson supports Credit Cardholders Bill of Rights (The East Liverpool Review)
LISBON - U.S. Rep. Charlie Wilson supported recent legislation he believes will protect credit card consumers and homebuyers. Wilson, D-St.
2009-05-17 11:11:45 -
House prices down to 2002 levels (News Interactive)
IT'S the best time in seven years for first home buyers to get into the property market.
2009-05-17 11:21:00 -
Realtors: Housing on rebound (BizJournals)
The spring home selling season has officially kicked off in North Texas with the number of closings continuing to plummet year-over-year.
2009-05-17 11:28:15 -
U.S. Billionaire Poised to Snap Up Distressed Bordeaux Chateaux (Bloomberg)
Adams bought Fonplegade in June 2004 for just under 30 million euros (about $40 million at current conversion rates), one of six chateaux on Bordeaux’s Right Bank he’s snapped up in the past nine years.
2009-05-17 11:32:02 -
Ask The Experts: Lock in Mortgage Now or Wait Until Closing? - CNBC
Q. We signed up to buy a condominium in 2007. It will be ready to close around July. The purchase price is $550,000. We are looking to borrow $350,000. With the ups and downs in the mortgages would it be advisable for us to lock in a mortgage now ...
2009-05-11 03:42:00 -
Firms find new work serving troubled real estate - Crain's Detroit Business
Bernard Financial Group in Southfield, led by President Dennis Bernard, has done 13 loan modifications representing $145 million in value over the pastn eight months. Bernard said 12 deals are in the pipeline. • Then: One focus was managing ...
2009-05-17 07:53:00