Mortgage and Financial News From 2007-8-26 Page 6
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Rays of hope for UK economy despite turmoil
Observer - Mark Pragnell at the Centre for Economic and Business Research points out that 'what remains to be seen is the potential impact of the current credit crunch [prompted by higher interest rates], which will only start to show from the third quarter of ...
2007-08-25 10:55:00 -
Australia put in the high-risk basket
Age - ... running a large budget deficit of 2.4 per cent in the case of Brazil and a balanced budget in the case of Mexico, is that both countries are running healthy current accounts. But both countries are running high nominal short-term interest rates ...
2007-08-26 01:50:00 -
A six-step guide to choosing the best mutual funds for you
Marketwatch - But if the bull-to-bear-to-bull swing of the last decade, the fund scandals, huge interest-rate shifts and more have taught ... Historical and current end-of-day data provided by FT Interactive Data . More information on NASDAQ traded symbols and their ...
2007-08-26 11:48:00 -
NextStudent Offers New Deal to Student Loan Borrowers
HULIQ.com - ... apply for their federal Stafford, PLUS, Grad PLUS, and Consolidation loans by August 31, 2007, to take advantage of lower monthly payments and lower interest rates, before the new legislation prevents NextStudent from continuing to offer the current ...
2007-08-26 01:35:00 -
Financial crises: Lessons from history
BBC Business - The current market jitters are centred on disturbances in the world's credit markets. Worries about the viability of sub ... But the Federal Reserve, the US central bank, cut interest rates throughout 2001, gradually lowering rates from 6.25% to 1% to ...
2007-08-26 02:18:00 -
Meet victims of the mortgage mess (The Buffalo News)
For five years, the housing boom put money in the pockets of lenders, brokers, realtors and investors, and granted easy mortgages to homeowners with both good and blemished credit. But as home prices decline and interest rates climb, the cracks in the housing market’s foundation are widening.
2007-08-26 10:57:15 -
'Interest rates could come down in the second half' (Business Standard India)
How do you see the movements in interest rates, inflation and their impact on the overall GDP growth in the medium to long term?
2007-08-25 06:51:52 -
Rising rupee, interest rates affecting biz sentiments: FICCI (The Times of India)
The economy - exports and investments - are showing signs of moderation as a result of successive rise in interest rates and appreciating rupee.
2007-08-26 10:16:12 -
Mortgage crunch impact spreading
Capital - They've fallen behind in payments on a their home loan, and their lender told them in July that foreclosure was imminent. "We thought we were fine," said Mrs. Pent regretfully. "You never know." An increasing number of homeowners and prospective ...
2007-08-26 01:28:00 -
Mortgage meltdown
Charleston Post & Courier - The mortgage crisis has claimed some of the industry's biggest names and left others teetering on the edge. An estimated 23,000 workers in the financial services industry nationwide have lost their jobs since the beginning of the month. American Home ...
2007-08-26 03:41:00 -
As thousands face home foreclosures, officials must help
New York Daily News - Chuck Schumer has been pushing for a rescue fund to help the most vulnerable borrowers save their homes, and tougher regulation of home lenders to prevent another reckless mortgage spree. New York needs to go beyond these baby steps. Spitzer should ...
2007-08-26 06:11:00 -
American Home Mortgage files Chapter 11
Worldnews.com - reported Monday it has filed for Chapter 11 bankruptcy protection. According to a prepared statement, the company was responding to the "sudden adverse impact" of the "extraordinary disruptions now occurring in the secondary mortgage and real estate ...
2007-08-25 06:16:00 -
Mortgage meltdown claims new set of victims
Houston Chronicle - Across the country, hundreds of employees at mortgage companies such as Accredited Home Lenders of San Diego, First Magnus Financial of Tucson, Ariz.; American Home Mortgage Investment of New York; and National City Corp. of Cleveland face similar ...
2007-08-25 12:58:00 -
Mortgage scheme hits home
Columbus Dispatch - Mike Crane, left, and Tony Bondi have two weeks to leave their South Side home after foreclosure. Five of six defendants arrested last week in a $25 million mortgage-fraud scheme were freed to go home hours later. But victims Tony Bondi and Damion ...
2007-08-26 10:29:00 -
Dingell's proposal to limit mortgage tax break has critics
Detroit Free Press - To add to the mortgage meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff of mortgage interest tax deductions for all houses with more than 3,000 square feet. One of Capitol Hill's ...
2007-08-26 06:54:00