Mortgage and Financial News From 2008-8-21 Page 3
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Interest rates could head down to 8pc - News.com.au
Strategist predicts rates will fall to 8pc That's 1.5pc lower than now Comments come after NAB promises cut - with strings HOME loan interest rates could sink to 8 per cent within a year as the Reserve Bank responds to a cooling economy with a new ...
2008-08-21 03:19:00 -
VA Raising Home Loan Ceilings in Many Areas - Forbes
WASHINGTON, Aug. 21 /PRNewswire-USNewswire/ -- The Department of Veterans Affairs (VA) will use a locality-based approach in raising ceilings on its no-downpayment home loans from the current $417,000 to as much as $729,000. The increases are ...
2008-08-21 08:02:00 -
U.S. 30-year mortgage rates fall in latest week - Reuters
WASHINGTON (Reuters) - U.S. 30-year mortgage rates fell slightly in the latest week, according to a survey released on Thursday by home funding company Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ). U.S. 30-year mortgage rates dipped ...
2008-08-21 11:01:00 -
US stocks mixed on surging oil, financial worries (Yehey!)
New York, Aug 21, 2008 (AFP) - US stocks closed mixed Thursday as soaring oil prices stoked inflation concerns but lifted oil majors and investors worried about the financial sector.
2008-08-21 07:10:42 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Markets await Bernanke as central bankers gather JACKSON HOLE, Wyoming - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch. Central bankers are gathering in this mountain resort for an annual symposium as financial markets tense for ...
2008-08-21 07:14:14 -
Time Is Running Out For Some Money Saving Opportunities (Moorpark Acorn)
Time is running out to take advantage of some home buying programs from Shea Homes. For a limited time, Shea Homes is offering these opportunities to save money on your dream home: •Lower your monthly payments with below-market financing.
2008-08-21 07:22:52 -
Dick Gustafson: Voters' say needed in Stratton Flats (Vail Daily)
Stratton Flats: an American dream or American nightmare? Rumors are floating around that suggest that other inside deals are being considering between Eagle County and other developers.
2008-08-21 07:27:43 -
Loan Solutions Works with Clients to Overcome Current Market Problems (Moorpark Acorn)
The collapse of the subprime sector of the mortgage industry has been brutal for homeowners as well as lenders. With double digit home depreciation, a weakening economy, and record foreclosures, lenders seem to be more willing to renegotiate adjustable home loans.
2008-08-21 07:28:04 -
Some Fear Commercial Property Loans Will Be Next Stage in Downturn (New York Times)
As the value of home mortgages crumbles by the day, some bankers are worried that commercial real estate loans will be affected next.
2008-08-21 07:29:17 -
Car dealers fined in payment protection crackdown (Financial Times)
The financial watchdog's crackdown on the misselling of payment protection insurance gathered pace yesterday with the fining of five car dealers, which takes the total levied for the offence to almost £3.9m.
2008-08-21 07:30:01 -
US group buys ailing German IKB bank (Deutsche Welle)
US private equity group Lone Star plans to buy German bank IKB, which was one of the country's major casualties in the US subprime mortgage crisis.
2008-08-21 07:30:05 -
S Korea's housing market gets a shot in the arm (Asia News Network)
The South Korean government yesterday (Aug 21) announced a package of measures to bolster the struggling construction industry and the slumping housing market.
2008-08-21 07:43:29 -
Fannie, Freddie debt gains, deep share dive abates (Philippine Daily Inquirer)
NEW YORK -- Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.
2008-08-21 07:58:28 -
Subprime Update: Sovereign Wealth Funds Trying Again? [Housing Tracker ... - Seekingalpha.com
Merrill CEO May Meet Korean Sovereign Fund Chief; Lehman Nearly Got $5 Bln In Funds From Korea . “Merrill Lynch ( MER ) chief John Thain will have meetings with South Korea's sovereign wealth fund and key government officials during a visit to the ...
2008-08-21 12:20:00 -
Six million can’t pay their debts - The Times
HALF of all employed South Africans cannot pay their debts. Experts told The Times that the economic “perfect storm” — high inflation, including food and fuel, and the resultant interest rate hikes — have driven six million South Africans to ...
2008-08-21 03:19:00