Mortgage and Financial News From 2008-8-15 Page 01
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Big mortgages to get lower rates - Seattle Post Intelligencer Blogs
It looks like permanent increases in the conforming loan limit will bring down rates for larger loans. Last month's federal housing measure raised the limit on loans mortgage giants Fannie Mae and Freddie Mac could buy from $417,000 to 115 percent of ...
2008-08-15 05:28:00 -
Tough times for lenders expected to linger - Financial Times
What a difference a credit crunch makes. Last August lenders competed to offer giddy salary multiples and 100 per cent mortgages to a nation obsessed with scrambling on to the property bandwagon as prices soared. But over the past 12 months the ...
2008-08-15 07:08:00 -
Indians Trapped by Debt as Easy Money Dries Up - Washington Post
Ravinder Raina, 44, is among millions of new homeowners in India who are reeling from rising mortgage payments and soaring inflation. (By Rama Lakshmi -- The Washington Post) NEW DELHI -- In the past two months, Ravinder Raina tossed and turned on ...
2008-08-15 10:29:00 -
Variable rate borrowers to miss out - News.com.au
Banks have started lowering fixed rates, but not variables RBA expected to start cutting official rates Calculator : Compare home loan rates LONG-awaited mortgage relief has arrived for fixed-rate borrowers, but more popular variable rates remain ...
2008-08-15 09:46:00 -
Indians Trapped by Debt as Easy Money Dries Up - Washington Post
Indians Trapped by Debt as Easy Money Dries UpWashington Post, United States - 15 minutes agoRising incomes and low interest rates enabled many middle-class Indians to realize the dream of owning a home, even while still in their 30s. ...
2008-08-15 10:39:20 -
Bracing for Inflation (BusinessWeek)
Despite the recent softening of oil prices, the U.S. could be looking at double-digit inflation as early as 2009
2008-08-15 08:28:30 -
Bedford Firefighters Battle Two-Alarm Blaze (WMUR New Hampshire)
BEDFORD, N.H. -- A two-alarm fire broke out at a home in Bedford Friday night. Officials said flames sparked up at the house at 12 Moores Crossing Road around 8:30 p.m.
2008-08-15 09:15:38 -
Family, Friends Remember Slain Cheerleader (WTAE-TV Pittsburgh)
Family and friends gather to remember the cheerleader who was stabbed to death a year ago.
2008-08-15 09:16:50 -
Bellway cuts jobs amid housing gloom - Times Online
Bellway, the UK housebuilder, added more gloom to the housing market this morning as it announced that reservations had fallen by around 45 per cent for the second half of the financial year when compared to the same period in 2007. Completed sales ...
2008-08-13 11:57:00 -
Lawsuits: Trabich transferred contracts because of debt - Newsday
A pair of federal lawsuits accuses Global Golf owner Neal Trabich of conspiring with a top Long Island insurance executive to transfer the lucrative contract for the Bethpage State Park golf concessions so Trabich could avoid paying his rising debts ...
2008-08-14 12:04:00 -
HK's Cheung Kong Infrastructure H1 net up 15 pct on energy ... - Forbes
HONG KONG (XFN-ASIA) - Cheung Kong Infrastructure Holdings (CKI) said its first-half to June net profit rose 15 pct from a year earlier to 2.33 bln hkd due to strong contribution from its local electricity business and healthy returns from its ...
2008-08-13 11:43:00 -
Fannie Mae to open Fort Lauderdale office - Miami Herald
Mortgage giant Fannie Mae (FNM) will open a field office in Fort Lauderdale next week to help the sell-off of Florida homes reclaimed through foreclosure and support other loss-mitigation efforts, the company said Wednesday. Fannie Mae, a government ...
2008-08-13 11:57:00 -
Greenspan sees house price bottom in 2009: report - Reuters
NEW YORK/BANGALORE (Reuters) - Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants Fannie Mae and ...
2008-08-14 12:18:00 -
Private financiers in the spotlight (The Arizona Republic)
'Hard Money' lenders fund risky projects.
2008-08-15 07:25:36 -
More risk losing homes or businesses as downturn hits (Financial Times)
More borrowers risk losing their home after falling into mortgage arrears and more companies face insolvency as the economic downturn starts to bite, data on court actions showed yesterday.
2008-08-15 07:30:04