Mortgage and Financial News From 2008-8-15 Page 6
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Police Search For Gunman In Waikiki Robbery (KITV Honolulu)
A 29-year-old man says a gunman robbed him on Kalakaua Avenue at about 1 a.m.
2008-08-15 04:05:35 -
Melbourne, Sydney housing becoming less affordable - The Age
First home buyer housing affordability hit a new low at the end of June in Melbourne and sank to a five-year low in Sydney. Perth's rating improved. The affordability index edged down 0.4% in the June quarter to 103 index points as the Melbourne ...
2008-08-15 01:36:00 -
How Home Equity Can Help You Slash Debt - WJAC TV
(ARA) - Escalating personal debt is one of the biggest concerns Americans face when it comes to their financial welfare, studies show. Getting out of debt almost seems to be replacing home ownership as the great American dream. Consumer credit tops ...
2008-08-14 10:58:00 -
Co-signing loans: what happens if the original borrower dies? - Boston Globe
I am 28 years old and soon to be a third year law student. I have approximately $140,000 in student loans and a parent has co-signed on $75,000 of the debt so that I could qualify for lower interest rates and reduced origination fees. I am worried ...
2008-08-12 05:53:00 -
MIDTOWN TOP$ IN COMMERCIAL RENTS - New York Post
Despite a general cooling of the commercial real estate market nationally, Midtown Manhattan has the country's lowest vacancy rate, and boasts the country's highest rents, a new Cushman & Wakefield study shows. According to the report, average ...
2008-08-15 01:22:00 -
Highway Fatalities Up In W.Va., Ohio (WTOV 9 Steubenville)
Bucking a nationwide trend, traffic deaths in West Virginia and Ohio rose last year. The federal government reported Thursday that 431 people were killed in highway crashes in West Virginia. That's a 5.1 percent increase from 410 deaths in 2006.
2008-08-15 08:05:44 -
How your credit limit can hurt your score (CNN.com)
NEW YORK (AP) -- Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores.
2008-08-15 08:34:04 -
Reuters Canada Business Summary (The Globe and Mail)
OTTAWA (Reuters) - Employees at a Wal-Mart Stores Inc. outlet in Canada won an arbitrator-imposed contract on Friday, becoming the giant retailer's only location in North America with a collective agreement in place.
2008-08-15 11:45:16 -
Home prices to outpace inflation: CMHC (Canada.com)
Canadian home prices will continue to outpace inflation this year and next the federal housing agency forecast Friday, only a day after the real estate industry reported that home prices last month were down 3.6 per cent from a year earlier.
2008-08-15 12:48:40 -
Lockhart Favors Current Fed Rate, If Inflation Drops (Update2) (Bloomberg.com)
Aug. 15 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart said he prefers to keep interest rates unchanged for now, while adding he might favor an ``earlier'' increase if inflation doesn't moderate as he anticipates.
2008-08-15 02:18:20 -
Fannie, Freddie to raise mortgage fees (The Charlotte Observer)
The two biggest sources of mortgages for American homebuyers plan to raise their base fees to counter what they see as continuing “adverse conditions” in the real estate marketplace.
2008-08-15 02:59:41 -
US sites conjure mortgage quotes, play up privacy - PR Inside
LOS ANGELES (AP) - Mortgage lenders have raised the bar on what it takes to qualify for a home loan the last couple of years, but shopping for a loan online has actually gotten a bit easier, if not necessarily less confusing. Where mortgage-scouting ...
2008-08-15 11:09:00 -
Fed intervention on mortgage rates not realistic: Tanner - News.com.au
Retail banks are under fire from the government after they refused to guarantee home loan rates would drop in line with an anticipated cut in the Reserve Bank's official cash rate next month. Mr Tanner admits there is little the government can do ...
2008-08-13 11:57:00 -
ANALYSIS-Fannie, Freddie debt faces confidence crisis overseas - Forbes
NEW YORK (Reuters) - An extraordinary Treasury capital infusion may be needed to restore faltering foreign demand for debt issued by Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ), the two top home funding ...
2008-08-15 01:17:00 -
Banks cut interest rates on term deposits - News.com.au
Banks cut interest rates on term deposits They've also upped rates on credit cards It's nothing but profiteering, says finance expert STRESSED homeowners have been slugged again, with the banks moving swiftly to slash the interest they pay on savings ...
2008-08-15 10:26:00