Mortgage and Financial News From 2008-6-24 Page 3
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Help may be on the way for Broward homeowners facing foreclosure (Sun-Sentinel)
More help may be on the way for Broward County homeowners teetering on the verge of foreclosure.
2008-06-24 07:00:51 -
Little RICO: Federal case starts (The Hook)
It’s been used to prosecute the Gambino organized crime family, Adelphia Cable’s Rigas family, even the Hell’s Angels. Today in U.S. District Court, the Racketeer Influenced and Corrupt Organizations Act was the basis for a civil suit against a Greene County homeowners association, and testimony included the glimpse of a gun at a subdivision property owners meeting. Dogwood Valley ...
2008-06-24 07:06:13 -
RBI double whammy (rediff.com)
In a late Tuesday evening development, RBI raised the repo rate, or the rate at which it lends to banks, by 50 basis points to 8.50 per cent. The cash reserve ratio, or the proportion of deposits kept with the central bank, will be increased by 50 basis points to 8.75 per cent.
2008-06-24 08:25:53 -
Flawed foundations (Moneymanager)
'It's the worst suffering, it's financially draining, it's destroyed their relationships, their homes. It's so repugnant to what Australians would expect," says Catherine Cusack, the NSW opposition spokeswoman for fair trading.
2008-06-24 08:29:03 -
Tougher checks on MPs' claims urged (Press Assoc. via Yahoo! UK & Ireland News)
MPs' expenses claims could be subjected to a tougher regime of audit and checking under proposals being put forward by a committee chaired by Speaker Michael Martin.
2008-06-24 08:43:57 -
The entire box and dice (Moneymanager)
Baby boomers aren't doing their adult children any favours by being overly generous when helping them into their first home, advisers say. Instead, they're financing them into overvalued property that may become a millstone.
2008-06-24 08:44:13 -
Lenders send two-year fixed loan rates soaring past 7% for first time in a decade (Daily Mail: World News)
The average rate on a two-year fixed loan has jumped above seven per cent for the first time in more than a decade, it was revealed today.
2008-06-24 08:50:28 -
Shrink's Progress - American Reporter
ORINDA, Calif. -- Ed, a 42-year-old divorced mortgage broker, explained that his job was demanding and often left him feeling tense and stressed. Although Ed had a girl friend, he lived alone. He had come to see me only at the insistence of his ...
2008-06-24 10:23:00 -
Hang Seng hikes home loan rate - Hong Kong Standard
Hang Seng Bank (0011) said yesterday it has raised its mortgage rate for new customers by 25 basis points even as the US Federal Reserve's two-day meeting got under way in Washington. Bank vice chairman Raymond Or Ching-fai said he does not expect ...
2008-06-24 11:56:00 -
A mortgage market that's booming - Irish World News
If we pick up a newspaper, listen to talk radio or watch the television news these days we would assume that all is doom and gloom in the housing market. Property is still being bought and sold, albeit at more realistic values, and house prices ...
2008-06-24 08:43:00 -
Man Named 'God' Caught with Drugs Near Church - NPR News
Morning Edition , June 24, 2008 · Near a church in Tampa, Fla., "God" was arrested — God Lucky Howard, that is. He's now in jail, where records describe him as a mortgage broker and say he's charged with possession and distribution of cocaine ...
2008-06-24 05:58:00 -
Once flush UK real estate brokers feeling the pinch (Boston Globe)
Slick, well-dressed, and widely loathed, real estate brokers prospered in Britain's galloping property market for much of the past decade.
2008-06-24 01:56:09 -
On the Money! (The New York Observer)
Location: How’s the capital market doing? Mr. Herzka: If you’re talking about the Wall Street type of funding, that’s pretty much nonexistent. Where’s the financing coming from? From a lot of the commercial banks, large savings banks, life insurance companies, a consortium of banks funding larger deals, and of course the agencies Freddie Mac and Fannie Mae. And what kind ...
2008-06-24 02:47:56 -
Market forces: Directors' sale delivers blow to Domino's (Guardian Unlimited)
Nick Fletcher: Takeaway business falls nearly 14% as directors sell 6.5% of company's shares
2008-06-24 04:29:51 -
Market Report: Aquarius shines on Xstrata bid speculation (Independent)
Aquarius Platinum was firm yesterday after market rumours mooted the possibility of bid interest from Xstrata, the acquisitive Anglo-Swiss mining giant.
2008-06-24 04:40:19