Mortgage and Financial News From 2008-6-26 Page 3
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New Zealand on brink of recession (The Age)
New Zealand's economy contracts as a drought hurts exports.
2008-06-26 06:38:03 -
Dutch mortgage borrowing drops in first quarter, but corporate lending ... - Forbes
AMSTERDAM (Thomson Financial) - Dutch mortgage borrowing decreased in the first quarter to 17 billion euros from 20 billion euros in the last quarter of 2007, while corporate borrowing increased by 26 billion euros to 470 billion euros, the Dutch ...
2008-06-25 05:35:00 -
Economic muddle sinks stocks - CNN Money
NEW YORK (Fortune) -- Thursday's stock market selloff reflects a sobering truth: Nine months of strong medicine have failed to cure the credit crisis and left the economy in a weakened state. The Dow Jones Industrial Average plunged 3% to a 21-month ...
2008-06-26 04:11:00 -
Campaign aims to help prevent foreclosures in Durham - WRAL
Posted: Today at 5:58 p.m. Durham, N.C. — Economists say falling consumer confidence, rising job layoffs and higher mortgage rates are standing in the way of a housing rebound. Sales nationally of existing homes rose slightly in May, but that was ...
2008-06-26 03:50:00 -
Kanye's Gotta Mop Up Mama's Mortgage - TMZ.com
An Illinois trust company is giving Kanye West an unwelcome reminder of his mom's death -- they're demanding more than $600K to settle the mortgage on her condo. According to the creditor's claim, Donda owed more than $600,000 plus interest when she ...
2008-06-26 11:39:00 -
HBOS is accused of ‘sneak’ mortgage charges - Herald
Britain's biggest mortgage lender HBOS was yesterday accused of "sneaking in" new fees after announcing the introduction of a £245 charge to all new mortgages. The Mortgage Account Fee will have to be paid upfront by all new mortgage customers, even ...
2008-06-26 01:27:00 -
Pressure on mortgage rates - Hong Kong Standard
Pressure is mounting for more Hong Kong lenders to hike mortgage rates, senior bankers said yesterday, as funding costs remain at a high level and prime rates will remain unchanged following the Fed meeting. Hong Kong banks' lending rate needs to ...
2008-06-26 12:01:00 -
Slight rise in sales of existing homes in May; only second gain in ... - Minneapolis Star Tribune
WASHINGTON - Sales of existing homes rose slightly in May, only the second increase in the past 10 months. Prices, however, kept plunging and analysts said the large number of unsold homes indicated the prolonged slump in housing was far from over ...
2008-06-26 04:40:00 -
Chicago-area's jumbo loan cap crimping home sales, agents say - Chicago Tribune
The Hinsdale area has more than 100 houses on the market with asking prices of $2 million. Vacant lots on Lincoln Park's east side are listed at $1.3 million to $1.5 million. A new single-family home in Bucktown will set you back about $1 million. No ...
2008-06-26 04:04:00 -
House prices: it's cheaper to buy than to rent - Daily Telegraph
According to new figures from Abbey people are increasingly better off buying rather than renting. The Bank says it is now more than £10,000 cheaper to buy a house than to rent in many parts of the country - six months ago, it was just £5,800 ...
2008-06-26 04:18:00 -
Fixed rate mortgage deals break through 7pc - Daily Telegraph
Borrowers who are looking for a new two-year fixed rate mortgage may be better off slipping onto their standard variable rate after the interest rates on these products broke the 7 per cent barrier. New research by statisticians Moneyfacts.co.uk said ...
2008-06-26 04:18:00 -
Schumer Calls for Scrutiny of IndyMac by Regulators - Los Angeles Times
U.S. Sen. Charles Schumer asked U.S. regulators to scrutinize the financial health of IndyMac Bancorp Inc., and suggested the mortgage lender may be on the brink of failure. IndyMac may have "serious problems" with its loan holdings, the New York ...
2008-06-26 03:21:00 -
Investors lose millions in another collapse - News.com.au
MORE than 400 investors face up to $87 million in losses after another finance company and its mortgage fund collapsed last week. The three directors of Secured Mortgage Management obtained Supreme Court orders on June 19 to liquidate their company ...
2008-06-26 03:21:00 -
Fitch Revises Pioneer Natural Resources' Outlook to Stable; Affirms ... - Forbes
Pioneer's ratings continue to be supported by the company's long-lived onshore reserve base, modest debt levels relative to its peers (particularly as measured on a debt/barrel of oil equivalent (boe) basis), and the outlook for the company to begin ...
2008-06-26 02:38:00 -
US 30-year mortgage rates rise slightly this week - Reuters
WASHINGTON, June 26 (Reuters) - U.S. 30-year mortgage rates were nearly unchanged this week, according to a survey released on Thursday by home funding company Freddie Mac. U.S. 30-year mortgage rates inched higher to an average of 6.45 percent from ...
2008-06-26 12:15:00