Mortgage and Financial News From 2008-6-8 Page 8
Previous Day: 2008-06-07
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Borrowers who get behind struggle to regain footing - Nashville Tennessean
About $700 a month. That's how much a mortgage broker told him four years ago he would have to pay to make his mother-in-law's home in rural Robertson County his own. Then that payment shot up to nearly $1,000, breaking his finances. John Paradis has ...
2008-06-07 11:58:00 -
Angry renters? Web site is not what it seems - Chicago Tribune
WASHINGTON—AngryRenter.com looks a bit like a digital ransom note, with irregular fonts, exclamation points and big red arrows—all emphasizing prudent renters' outrage over a proposed government bailout for irresponsible homeowners. "It seems ...
2008-06-07 11:50:00 -
Thursday, June 5 - News.com.au
A FIRE badly damaged one building and forced the evacuation of hundreds of workers from another in central Melbourne tonight. DEMOCRATIC presidential hopeful Barack Obama has fond memories of Sydney and will be a good friend to Australia, PM Kevin ...
2008-06-06 07:45:00 -
Spitfire's champion at the top - This is Southampton
JUST like the city's forefathers more than 60 years ago, the people of Southampton are once again being asked to dig deep for the Spitfire. During the height of the Second World War, when the enemy raids were at their most devastating, a fund was ...
2008-06-07 10:46:00 -
Moody's, S & P and Fitch agree to deal on fees - Los Angeles Times
Wall Street's three major debt-rating companies said Thursday that they would adopt a new fee structure designed to reduce their incentive to give favorable ratings on securities backed by sub-prime mortgages. Moody's Investors Service, Standard ...
2008-06-05 11:53:00 -
Analysts see SA prime rate rising to 16% - Cape Argus
South African interest rates look set to jump 100 basis points next week, marking a step up in monetary tightening after inflation surged to a new 5½-year high. Central bank Governor Tito Mboweni sent markets into a spin last week when he warned of ...
2008-06-06 02:02:00 -
ECB'S Weber-Rates shouldn't be cut to help out banks - Reuters
LONDON, June 6 (Reuters) - Central banks should not cut interest rates in order to help banks with their refinancing needs, and instead should keep monetary policy focused on maintaining price stabilty, European Central Bank Governing Council member ...
2008-06-06 11:41:00 -
Business in brief - Los Angeles Times
Rates on 30-year fixed-rate mortgages averaged 6.09% this week, up from 6.08% last week and the highest since averaging 6.13% the week of March 16, mortgage company Freddie Mac said. Rates on 15-year fixed-rate mortgages averaged 5.65%, compared with ...
2008-06-05 11:53:00 -
Affordability prime concern in Northern Ireland - MyFinances.co.uk
Affordability remains the biggest single concern for would be buyers in the Northern Ireland property market, according to the Council of Mortgage Lenders (CML). Data from the Department for Communities and Local Government show the average house ...
2008-06-05 05:55:00 -
Australian House Prices Fall Most in Five Years on Higher Rates - Bloomberg
June 7 (Bloomberg) -- Australian house prices fell in the first quarter by the most in five years after the central bank raised interest rates at the fastest pace in more than a decade. The median price for houses fell to A$458,488 ($439,644) in the ...
2008-06-05 05:55:00 -
Volume of auctioned property at lowest level - Financial Times
The amount of property being sold at auction has fallen to the lowest level since records began in 1991. The auction room is seen as a bellwether of the wider property market, given the ease of trading and transparency as well as the professionalism ...
2008-06-07 12:09:00