Mortgage and Financial News From 2008-6-24 Page 8
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Cracks open in property sector (The New Zealand Herald)
Industry experts say they are becoming alarmed at big cracks opening up in the property finance sector which yesterday threatened Wellington-based company St Laurence.
2008-06-24 10:40:15 -
Finance and Commerce is the must-read and must-use business resource. (Finance and Commerce)
WASHINGTON — A massive foreclosure rescue bill overwhelmingly cleared a key Senate test Tuesday, drawing broad support from Democrats and Republicans alike.
2008-06-24 10:55:42 -
Dollar Falls Against Euro Before Fed's Rate-Setting Meeting - Bloomberg
June 24 (Bloomberg) -- The dollar fell against the euro as the Federal Reserve prepared to start a two-day meeting at which it's forecast to keep the target lending rate at 2 percent, the lowest level in more than three years. The greenback remained ...
2008-06-24 06:19:00 -
U.K. Mortgage Approvals Decline to Lowest Level since May 1997 - DailyFx
Jun 24 - U.K. Mortgage Approvals Decline to Lowest Level since May 1997 Jun 23 - Euro, Pound Slip, As Weakening Fundamentals Raise Stagflation Fears Jun 20 - ECB Rate Hike Chances Increase On Inflation, As Fed's Declines Jun 19 - Canadian Inflation ...
2008-06-24 04:11:00 -
Mortgage approvals slump to new low - This is Money
The property sales slump has deepened with mortgage approvals for home buyers falling to a record low in May, while the average two-year fixed rate has breached 7%. Who will buy? Sellers are suffering from a dearth of mortgages. Figures from the ...
2008-06-24 07:02:00 -
U.S. Economy: Consumer Confidence Weakens, House Prices Slide - Bloomberg
June 24 (Bloomberg) -- Confidence among Americans dropped to the lowest level in 16 years and house prices fell the most on record, raising the risk that consumers will cut back on purchases after spending their tax rebates. The Conference Board's ...
2008-06-24 08:28:00 -
Mortgage approvals fall to record low - Financial Times
Fears that the UK housing downturn is gaining momentum will deepen after data showing that mortgage approvals by banks slid to a new record low last month. The British Bankers Association said on Tuesday that numbers of loans approved for house ...
2008-06-24 05:51:00 -
London shares weaker midday after mortgage approvals slump; Wall St ... - Forbes
LONDON (Thomson Financial) - Leading shares had turned lower by midday, on more gloomy indicators about the state of the mortgage market, and with Wall Street expected to be weaker at the open. At 11:58 a.m., the FTSE 100 index was down 62.7 points ...
2008-06-24 05:22:00 -
UK mortgage approvals fall 56% to record low - Times Online
Fears of a housing market crash in the UK heightened today as annual mortgage lending in May plunged by 56 per cent to a record low. Figures from the British Bankers' Association (BBA), reveal that monthly mortgage approvals fell 20 per cent from 34 ...
2008-06-24 03:13:00 -
Mortgage market hits weakest level on record - Daily Telegraph
The home loans market has collapsed to the weakest level on record as the credit crunch "throttles" families' finances, new figures have shown. The number of mortgages approved by Britain's biggest banks fell last month to the lowest level since ...
2008-06-24 06:19:00 -
Mortgage approvals fall 20% in May - Guardian Unlimited
The number of mortgages approved for house purchases hit a record low in May, as tighter lending criteria and other financial pressures continued to deter homebuyers, figures showed today. The British Bankers' Association (BBA) said its members had ...
2008-06-24 07:02:00 -
Lenders send two-year mortgage rates through 7% - Times Online
Homeowners are at risk of paying nearly 35 per cent more in monthly interest payments after the cost of a two-year fixed-rate mortgage rose above 7 per cent. Borrowers now face interest-only repayments of £875 a month on a £150,000 two-year fixed ...
2008-06-24 06:34:00 -
Advice For Homeowners - Colleyville Courier
Articles and resources for weathering the uncertainty on NYTimes.com. Who has the time to do a newsletter ? We do. Left Field Media produces high-quality mortgage newsletters that are completely customizable and include three original articles per ...
2008-06-23 05:31:00 -
Help on the way for hard-pressed homeowners in Golden Triangle - yorkshirepost
A SCHEME is due to be launched to prevent householders losing their homes in some of Yorkshire's property hotspots as they struggle with mortgage repayments in the credit crunch. The initiative is aimed at tackling the growing threat of repossessions ...
2008-06-24 12:36:00 -
SUFFERING SENATORS - New York Post
Connecticut Sen. Chris Dodd and North Dakota Sen. Kent Conrad, both Democrats, fell victim to the machinations of Countrywide Financial, which gave them breaks on mortgages as part of the "Friends of Angelo" program - the "Angelo" in question being ...
2008-06-24 01:19:00