Mortgage and Financial News From 2008-7-9 Page 01
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Japan's 10-Year Bonds Rise on Concern Credit-Losses Will Widen - Bloomberg
July 10 (Bloomberg) -- Japanese 10-year bonds advanced, pushing yields to the lowest in almost two months, on concern that deepening credit-market losses at global financial companies will sap economic growth. Five-year yields fell for a third day ...
2008-07-09 10:08:00 -
Gilts to Beat U.S., German Debt After Quarterly Loss (Update1) - Bloomberg
July 10 (Bloomberg) -- U.K. government bonds are poised to rebound from their worst quarter in more than 14 years, beating U.S. and European debt, as the slowest economic growth since 1992 keeps the Bank of England from raising interest rates. The ...
2008-07-09 10:30:00 -
Foreclosure notices down, but way up from June '07 - Minneapolis Star Tribune
Despite sluggish home sales and rising adjustable mortgage rates, the number of homeowners receiving foreclosure notices nationwide fell a bit last month, although the number was much higher than a year earlier, according to a report being released ...
2008-07-09 10:15:00 -
Home ownership ‘out of reach’ for average earners - Times Online
House prices may be tumbling but the dream of home ownership is all but over for couples on modest incomes, as mortgage lenders demand heftier deposits, according to new figures. Couples who have a combined take-home pay of £27,500 or less would ...
2008-07-09 10:01:00 -
BoE expected to hold interest rates steady - Forbes
The Bank of England is expected to hold official interest rates steady when it announces its monthly decision on Thursday as concerns about rising inflation outweigh worries about the slowing economy. That would leave the benchmark lending rate at 5 ...
2008-07-09 09:04:00 -
S&P 500 May Lose 12% Before Bear Market Ends, History Shows - Bloomberg
July 10 (Bloomberg) -- The Standard & Poor's 500 Index fell into a bear market and may not stop tumbling until it reaches a level not seen since August 2004, if history is any guide. The benchmark index for American equities plunged 2.3 percent to a ...
2008-07-09 09:11:00 -
Foreclosure looming? Hotline advice may help - Spencer Daily Reporter
Buena Vista: 2007-11, 2008-13 Clay: 2007-21, 2008-19 Dickinson: 2007-30, 2008-24 Emmet: 2007-32, 2008-9 O'Brien: 2007-71, 2008-7 Palo Alto: 2007-74, 2008-9 Pocahontas: 2007-12, 2008-12 * 2008 figures are through May 31 Foreclosures are up in Iowa ...
2008-07-09 07:13:00 -
What's old is new again in buying - Chicago Tribune
Slow real estate market? Not if you're talking about how homes deals are struck with changes fast and furious. Here's what to expect in summer 2008: •Certain loans will require a second look in Cook County. No one would take a loan they soon would ...
2008-07-08 05:59:00 -
Top Tips for Saving up a Mortgage Deposit - Best Syndication
Up until 2007, 100% mortgages were commonplace; in fact, 110% and 120% mortgages were also available, but since the credit crisis struck lenders have become a lot more strict with their lending conditions, with 75% LTVs (loans to value) becoming more ...
2008-07-06 05:54:00 -
Forum addresses mortgage stress concerns - Big Pond News
Western and south-western Sydney are left heavily exposed when interest rates rise along with the cost of living. The areas have a high number of families paying off mortgages, with an increasing number of them defaulting on their loans. So last ...
2008-07-08 05:23:00 -
Governor signs California mortgage bill - Los Angeles Business
Lenders must now call California homeowners or visit them in person and explore restructuring options before foreclosing on their homes under legislation signed Tuesday by Gov. Arnold Schwarzenegger. The new law also doubles the amount of time ...
2008-07-09 04:03:00 -
Bookshelf: Business Books for the Executive's Nightstand (US News & World Report)
Book: Financial Shock by Mark Zandi
2008-07-09 01:12:48 -
Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% While Financial Fears Mount (GoldSeek.com)
Gold dropped $4.20 to $916.95 by a little after 8AM EST, but it then rallied back higher for most of the rest of trade and ended near its high of $928.20 with a gain of 0.62%. Silver fell slightly in Asia and remained near unchanged in London before it rose throughout trade in New York and ended near its high of $18.127 with a gain of 1.63%.
2008-07-09 01:49:46 -
Answers to your tough debt, 401(k) questions (MSNBC)
TODAY financial editor Jean Chatzky shares practical financial advice on canceling credit cards, paying off debt, saving money in a tough economy and more.
2008-07-09 03:09:46 -
Steel Said to Be Front-Runner as Wachovia’s Next Chief (NYTimes.com via Yahoo! Finance)
Robert K. Steel, the Treasury official who played a leading role in hammering out the Bear Stearns deal, is the leading candidate to become Wachovia’s next chief executive.
2008-07-09 03:38:21