Mortgage and Financial News From 2008-1-18 Page 8

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  • What’s Behind Those Offers to Raise Credit Scores (NYTimes.com via Yahoo! Finance)

    Borrowers should be wary of programs that play off their fears of losing their homes when mortgage rates reset to significantly higher levels.
    2008-01-18 08:40:30

  • RBA to consider impact of mortgage hikes (Summit Sun)

    The Reserve Bank of Australia will consider the effect of recent mortgage rate hikes by the major banks before deciding on moving official rates next month, governor Glenn Stevens says.
    2008-01-18 08:42:37

  • Marlton Police Investigate Apparent Murder-Suicide (CBS 3 Philadelphia)

    A high-ranking executive of a collapsed subprime mortgage lender jumped to his death from the Delaware Memorial Bridge on Friday, shortly after his wife's body was found inside their Burlington County home, authorities said.
    2008-01-18 08:43:33

  • Wall St rebounds on bargain hunting

    MSN MoneyCentral - ... US economy may be heading into recession prompted equities to sink to their lowest ... its first quarterly loss in more than a decade after it wrote down $1.6bn in mortgage ... slowdown and repeated a pledge to take "substantive" action on interest rates. In ...
    2008-01-18 07:37:00

  • Fed's pledge to slash the cost of US borrowing fails to stop Dow's ...

    Guardian Unlimited - A pledge to slash interest rates by the head of America's central bank last night ... Bernanke said losses in the US sub-prime mortgage market may have reached $100bn ... Housing starts fell to their lowest level in 16 years, with a 14% drop in December ...
    2008-01-18 09:38:00

  • Property funds log record low result

    Financial Times - ... suffered in recent months from the worldwide phenomena relating to concerns over the US subprime mortgage market fallout, rising interest rates ... The annual return for pooled funds was down 6.7 per cent, the lowest level since the last property slump ...
    2008-01-18 04:48:00

  • Utah’s foreclosure rates one of the lowest in the nation

    ABC 4 - Salt Lake City (ABC4 News) - Experts say the mortgage crisis gripping the nation will hit Utah, but it may not hit Utah hard. Experts say that Utah’s strong economy may protect the state from national housing woes. Nationally foreclosures rose by ...
    2008-01-18 09:31:00

  • QSC members get advice on their personal finances - Contractor Mag

    QSC members get advice on their personal financesContractor Mag, IL - 4 hours ago"Car insurance rates in some states are tied more to your credit report than your driving record," he said. 4. Use time when it is on your side. ...
    2008-01-18 03:46:28

  • Aegon Scottish slams door on property fund withdrawals - The Herald

    Aegon Scottish slams door on property fund withdrawalsThe Herald, UK - 3 hours agoAegon blamed a "significant level of customer withdrawals" amid "worldwide phenomena relating to concerns over the US sub-prime mortgage market fall-out, ...
    2008-01-18 04:03:56

  • The unforeseen costs of moving to another country - Independent

    The unforeseen costs of moving to another countryIndependent, UK - 3 hours agoHowever, with the pound at its lowest exchange rate against the euro to date, the cost of moving across the Continent is not as small as it used to be. ...
    2008-01-18 04:14:11

  • Which Path? - Leesburg Today

    Which Path?Leesburg Today, VA - 1 hour agoIn one, it is a jurisdiction that ranks as among the wealthiest in the nation, and among those with the lowest poverty and unemployment rates. ...
    2008-01-18 06:30:14

  • Mortgage Rates Down For The 3rd Consecutive Week - HULIQ

    Mortgage Rates Down For The 3rd Consecutive WeekHULIQ, NC - 1 hour ago30-Year AND 15-Year FRM At Lowest Level Since July 2005 - McLean, VA – Freddie Mac (NYSE:FRE) yesterday released the results of its Primary Mortgage Market ...
    2008-01-18 06:56:29

  • The bank most likely to walk into a sharp object - ReportonBusiness.com

    The bank most likely to walk into a sharp objectReportonBusiness.com, Canada - 59 minutes agoThe bank had taken $753-million in writedowns because of its entanglement with a spiralling subprime mortgage mess, and recently stunned investors with the ...
    2008-01-18 07:00:17

  • Democracy Now Includes Dennis Kucinich: The Vegas Debate - Pacific Free Press

    Democracy Now Includes Dennis Kucinich: The Vegas DebatePacific Free Press, Canada - 58 minutes agoYou’ve got to disclose if you’ve got a teaser rate and suddenly their mortgage payments are going to jack up and they can’t pay for them. ...
    2008-01-18 07:01:18

  • Clinton, Obama try to feel voters' pain on economy - Toronto Star

    Clinton, Obama try to feel voters' pain on economyToronto Star,  Canada - 52 minutes agoStock markets have tumbled in recent days, construction of new homes has dropped, as have home prices as the subprime mortgage crisis takes its toll. ...
    2008-01-18 07:07:32

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