Mortgage and Financial News From 2008-8-15 Page 12
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Opening bell: Commodity prices slide (Investment Executive)
The outlook for North American markets is mixed Friday as metals and oil futures prices tumbled and the U.S. dollar continued to gain ground against other currencies.
2008-08-15 06:19:59 -
Inflation concerns continue (Worcester Telegram & Gazette)
WASHINGTON - Inflation is running at the fastest pace in 17 years, the job market is under further strain and foreclosure filings are surging.
2008-08-15 06:29:34 -
Britney Spears Among MTV VMA Nominees (WBAL-TV Baltimore)
After delivering one of the worst performances in the history of the MTV Video Music Awards, Britney Spears has a chance to be crowned this year as the absolute best.
2008-08-15 06:34:13 -
Home repossessions at 16-year high (Reuters.co.uk)
LONDON (Reuters) - English and Welsh courts ordered more home repossessions in the second quarter of 2008 than at any time since the housing market crash of the early 1990s, in a further sign the economic slowdown is hitting households hard.
2008-08-15 06:34:26 -
Canadian Housing Agency Lifts 2008 New Home Starts Forecast (Bloomberg.com)
Aug. 15 (Bloomberg) -- Canada Mortgage and Housing Corp., a government housing company, said new home construction will decline less this year than had been earlier forecast as the country benefits from strong job growth and higher incomes.
2008-08-15 06:34:48 -
Foreclosures soaring in Utah - ksl.com
Several neighborhoods around us still have builders building....no one is buying them, so I don't know what they are thinking. Prices are dropping, lot prices are dropping and still nothing is selling. We've been house shopping and have found several ...
2008-08-14 12:21:00 -
2008 US Election and Quadrupling The Inflation Tax - Safe Haven
Moving our need for investment returns from 4% up to 14% just to achieve a real return of 4% in what our investment will buy for us is challenging enough. Unfortunately, we have been leaving out a rather important "technicality" - we don't keep what ...
2008-08-14 05:01:00 -
COLUMN-Lights are on, but banks increasingly closed: James Saft - Forbes
LONDON, Aug 14 (Reuters) - The second half of 2008 looks like it will put the "self-reinforcing" into "self-reinforcing credit spiral". Banks in the United States are cutting back savagely on credit to individuals, making mortgages and consumer loans ...
2008-08-14 12:00:00 -
BLOG | House Keys: U.S. home values sank in 2nd quarter (Sun-Sentinel)
2008-08-13 02:08:28 -
22 Buy To Let Mortgage Bargains (The Motley Fool)
What are the best deals available at the moment for buy-to-let borrowers?
2008-08-13 09:16:23 -
How to Get a Mortgage in Today's Market (Carteret County News-Times)
(ARA) - Whether you're buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago.
2008-08-14 03:32:49 -
Area agencies optimistic about sales forecast (The Shawano Leader)
Sales of existing homes in the second quarter of 2008 slid throughout most of northeast Wisconsin, according to figures released Thursday the Wisconsin Association of Realtors.
2008-08-15 03:46:43 -
July foreclosures up a bit in Pa., down in N.J. - Philadelphia Inquirer
Foreclosure filings nationwide rose 8 percent from June to July, while Pennsylvania's rose just under 3 percent and New Jersey's dropped 7.56 percent. RealtyTrac Inc., the Irvine, Calif., company that tracks foreclosure filings, reported that the ...
2008-08-15 12:03:00 -
Banks promoted American debt culture - International Herald Tribune
"Live Richly." That catchy slogan, dreamed up by the Fallon Worldwide advertising agency, was pitched in 1999 to executives at Citicorp who were looking for a way to lure Americans to financial products like home equity loans. But some in the room ...
2008-08-15 02:55:00 -
Lenders extend delay to flood-hit Iowans (The Des Moines Register)
Cedar Rapids, Ia. - Flood- ravaged Iowans should contact their lenders if they have trouble making monthly payments, Iowa Attorney General Tom Miller and three of the nation’s largest home mortgage companies urged Thursday.
2008-08-15 02:14:39