Mortgage and Financial News From 2008-6-27 Page 01
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Communities suffer as foreclosure rates rise - MSNBC
As mortgage defaults and foreclosures continue to rise, the impact is spreading well beyond those who are losing their homes. In communities across the country, msnbc.com readers report that local governments are coping with shrinking tax rolls ...
2008-06-23 05:55:00 -
Mortgage Rates Inch Even Higher - Street.Com
Mortgage rates inched up again over the past week as the markets questioned whether the Federal Reserve would lift its key interest-rate target to thwart inflation according to Freddie Mac's FRE weekly survey. Freddie Chief Economist Frank Nothaft ...
2008-06-26 10:13:00 -
Stand-off between Brisbane house buyers and sellers - News.com.au
SELLERS want up to 30 per cent more for their homes than buyers will pay, and the stand-off has caused falling sales volumes in southeast Queensland. A stagnant market, fuelled by uncertain economic conditions has buyers hungry for bargains. But many ...
2008-06-27 05:43:00 -
Credit crisis: mortgage market may be over worst, say experts as banks ... - Daily Telegraph
The turmoil in the mortgage market could be coming to an end, experts have said as two banks cut some of their rates and another bank launched a new competitive deal. Cheltenham & Gloucester is cutting the cost of its tracker mortgages by between 0.2 ...
2008-06-27 08:13:00 -
Single family permits off 62 percent (The Kansas City Star)
Single-family housing construction continued to drop in metropolitan Kansas City in May, with the number of single-family permits off substantially from a year ago.
2008-06-27 08:34:15 -
Markets to wade further into uncharted territory (MarketWatch via Yahoo! Finance)
Stocks next week are expected to enter the third quarter on uncertain footing after the Dow Jones Industrial Average briefly fell into bear-market territory, battered by record oil prices and a slumping financial sector.
2008-06-27 09:01:00 -
A Beacon of Sanity in Subprime (Muzi)
"Send money."
2008-06-27 09:04:51 -
Tighter Credit Card Borrowing Limits Can Lower Scores For Consumers (The Tampa Tribune)
Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, and that can lead to lower credit scores.
2008-06-27 09:09:00 -
V.A.-Backed Loans on the Rise (New York Times)
Demand for mortgages from the federal Department of Veterans Affairs is rising sharply, the V.A. said.
2008-06-27 10:11:04 -
Home values go up: Consumer confidence returns to local market (The Oklahoman)
Low mortgage rates, the strong local economy and the usual, but muted, springtime jump up in demand for houses apparently combined to push prices up again in May in Oklahoma City. Home values continued their forward march — out of step with the country as a whole, with so many cities' housing markets in retreat. Metro-area borrowers paid 5.34 percent interest on average for 30-year mortgages ...
2008-06-27 10:21:48 -
Several families experience home foreclosure (ABC11 Raleigh-Durham-Fayetteville)
More than 700 Durham families have lost their homes to foreclosure in just the last 5 months.
2008-06-27 10:35:13 -
Seizure of belongings leaves new homeowners baffled, angry - Austin American-Statesman
A Nigerian couple who immigrated to Austin a decade ago thought they had finally made it in America. On May 7, they closed on their first home in the States, buying a $283,000 Cedar Park house that had been headed for foreclosure. It seemed like a ...
2008-06-27 07:45:00 -
China, Russia and India boost their global company profiles - Financial Times
China, Russia and India - helped by their surging economies - have the fastestgrowing presence in the FT500 list of the world's most important companies, which is published today. They have breached the top 10 and muster 50 companies between them in ...
2008-06-27 07:38:00 -
Premium Company Profile - Wachovia Corporation - New Research Report ... - PR Inside
www.companiesandmarkets.com/Summary-Company-Profile/Premium-Comp .. Introduction Wachovia Corporation (Wachovia) is a diversified financial services provider. It provides commercial and retail banking, mortgage banking, investment banking, investment ...
2008-06-27 07:52:00 -
News from the Pennsylvania General Assembly - Philadelphia Inquirer
TRANSPORTATION PRIVATIZATION: The Senate unanimously approved a bill that would allow the state government or public transportation authorities to let private companies develop and operate new roads, bridges, airports and other public transportation ...
2008-06-27 05:07:00