Mortgage and Financial News From 2008-6-24 Page 7
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Home loan approvals dive to record low in May - Reuters UK
LONDON (Reuters) - New home loan approvals nosedived at their sharpest annual pace in at least a decade to hit a record low in May, figures showed on Tuesday, raising fears the housing slowdown is about to escalate into a crash. The credit crunch has ...
2008-06-24 08:21:00 -
Iceland PM: Krona's weakness exaggerated - MSN MoneyCentral
LONDON (AP) - Iceland's Prime Minister Geir Haarde said Tuesday that weakness in the Icelandic currency is exaggerated and predicted the country's high account deficit and official interest rates would fall by the end of the year. Haarde acknowledged ...
2008-06-24 11:13:00 -
IndusInd, Central Bank increase lending rates - Business Standard
Even as public sector banks are holding on to their prime lending rates (PLR), another private player, IndusInd Bank, announced a 50 basis-point increase in PLR. So far, HDFC Bank, Jammu & Kashmir Bank and Yes Bank have announced an increase in PLR ...
2008-06-24 11:27:00 -
WaMu Bets on Blemished Borrowers With Credit Cards (Update1) - Bloomberg
June 24 (Bloomberg) -- Washington Mutual Inc. , burned by subprime mortgage losses, has been issuing credit cards to borrowers with blemished credit records as it tries to rebound. Washington Mutual, the biggest U.S. savings and loan, moved into ...
2008-06-24 11:49:00 -
Indian Central Bank Lifts Rates, Boosts Reserve Limit (Update1) - Bloomberg
June 24 (Bloomberg) -- India's central bank raised interest rates for the second time this month and asked lenders to set aside more money as reserves to cool inflation running at a 13- year high. The repurchase rate was lifted to 8.5 percent from 8 ...
2008-06-24 08:57:00 -
Fed Preview: No Rate Hike, But Inflation a Big Worry - CNBC
Borrowing costs are likely to hold steady as the Federal Reserve tries to avoid both stirring inflation and stifling a fragile economy. Fed Chairman Ben Bernanke and his colleagues open a two-day meeting Tuesday afternoon, where they will put ...
2008-06-24 08:21:00 -
India in new interest rate rise - BBC News
India's central bank has announced an unexpected rise of half a percentage point in its prime lending rate in an attempt to control inflation. The Reserve Bank of India's increase in its benchmark interest rate to 8.5% is the second in less than two ...
2008-06-24 10:09:00 -
ISSI Announces a New Product Line of PowerSaver Mobile SDRAMs - MSN MoneyCentral
SAN JOSE, Calif., June 23, 2008 (PRIME NEWSWIRE) -- Integrated Silicon Solution, Inc. (Nasdaq:ISSI), a leader in advanced memory solutions, today introduced the first members of their new PowerSaver(tm) Mobile SDRAM family with 128Mb, 256Mb and 512Mb ...
2008-06-23 01:49:00 -
Senate to Vote on Anti-Foreclosure Plan - Time
Article Tools The far-reaching housing plan faces a Senate test-vote Tuesday, when it could also come to a final vote. The disputes among Democrats over key details, however, as well as a veto threat from the White House will almost certainly push ...
2008-06-24 07:31:00 -
Survey reinforces gloom on US housing market - Financial Times
Home prices in 20 of the largest US cities recorded a record 15.3 per cent decline in April, it emerged on Tuesday, offering few hopes that the mortgage crisis may be on the road to recovery. The data from the closely-watched Standard & Poor’s Case ...
2008-06-24 06:48:00 -
Anorexia, bulimia may soon become part of mandatory health insurance ... - Chicago Tribune
Melissa Traub has struggled for a decade with an eating disorder, her weight sometimes dipping below 100 pounds, her hair falling out by the handful. Today, the 24-year-old Naperville woman appears to be healthy—a tribute to treatment, tenacity and ...
2008-06-24 07:53:00 -
Resource firms rush to sell bonds - Globe and Mail
HONG KONG — Mining groups Rio Tinto and Vedanta Resources are set to sell as much as $5-billion (U.S.) in dollar bonds, part of an expected rush of resources firms seeking to raise funds in debt markets. Companies in the sector are seeking to ...
2008-06-24 04:39:00 -
Endesa Chile to refinance bond with $400 mln loan - Reuters
SANTIAGO, June 24 (Reuters) - Chile's leading electricity generator, Endesa Chile END.SN(EOC.N: Quote , Profile , Research , Stock Buzz ), will use a newly acquired syndicated loan of $400 million to refinance a 1998 bond issue maturing in July, the ...
2008-06-24 08:21:00 -
Housing Aid Bill Clears Senate Hurdle (New York Times)
A bill aimed at helping hundreds of thousands of homeowners in danger of foreclosure cleared an important test vote in the Senate on Tuesday.
2008-06-24 10:03:23 -
The wait is on for $240m (Stuff)
About 9000 investors in Wellington finance group St Laurence may have to wait two years for full repayment of the $240 million they are owed.
2008-06-24 10:08:27