Mortgage and Financial News From 2007-12-30 Page 13

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  • Homes cost less, but who's buying?

    Herald News - For them, interest rates on conforming, prime 30-year fixed rate mortgages are the lowest in six months and lower home prices are available in most areas of the country. Mortgage giant Freddie Mac reported Thursday that interest rates on 30-year ...
    2007-12-30 02:01:00

  • Fan with a one-track mind

    Boston Globe - ... physics problem to figure out how far the ball really goes, and I've had an interest ... being a nickname for residents of that Canadian province," writes Jim Prime , who ... ranked 11th among the year's top sports stories. Hideki Okajima didn't even rate ...
    2007-12-30 02:51:00

  • Lending overhaul for ME

    News.com.au - Because of the instability in financial markets we now have a very strong interest in ... in early August when financial markets were first hit by concerns over sub-prime ... the bank did not have any plans to hike mortgage rates outside of official rate ...
    2007-12-30 06:05:00

  • European Central Bank pumps $500 bn into banking system

    Boston IMC - TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has ... Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the ...
    2007-12-30 06:05:00

  • More allegations over Zuma’s re-indictment

    Talk Radio 702 - They're likely to hear the assassinated former prime minister's last will and testament. It's also thought they'll decide ... prepare for the traditional increase in the demand for blood over new year's day, triggered by the high road accident rate ...
    2007-12-30 12:50:00

  • How subprime lending all started in O.C.

    Orange County Register - The survivors got a big bounce after the Federal Reserve slashed interest rates to juice up the economy following the dot.com ... The 2004 report concluded that it expected the low default rate to continue in the future. A 'sweatshop' First Alliance of ...
    2007-12-30 02:59:00

  • Brown Pledges to Take No Risks With Stability in 2008 (Update1)

    Bloomberg - Prime Minister Gordon Brown pledged in his New Year message to take no risks with ... Bank of England policy makers cut their benchmark rate from a six-year high this ... to safeguard and strengthen our economy, and by keeping inflation low, keep interest ...
    2007-12-30 05:15:00

  • Cause of subprime mess Buyers, sellers, financial institutions - and ...

    Philadelphia Inquirer - Banks and other lenders offered them mortgages that started out at very low interest rates. True, those rates would balloon ... It's a fire sale of slashed-rate loans to financial institutions. Next day, the Fed proposed new regulations on lending ...
    2007-12-29 11:53:00

  • Brown Pledges to Take No Risks With Stability in 2008 (Update1) (Bloomberg.com)

    Dec. 30 (Bloomberg) -- U.K. Prime Minister Gordon Brown pledged in his New Year message to take no risks with economic stability in 2008, targeting low inflation and borrowing costs.
    2007-12-30 05:31:42

  • Hard times ahead for SA (Pretoria News)

    South Africans reeling after another expensive Christmas are set to feel the financial pinch, with more tough times on the way because of rising inflation and a further interest rate hike looming.
    2007-12-30 05:44:48

  • Mortgages | Prime borrowers may soon feel pain (The Charlotte Observer)

    Homeowners with good credit -- those with prime mortgages -- haven't necessarily escaped the mortgage nightmare that has been playing out among subprime borrowers and lenders across the U.S. A broader swath of homeowners will find in 2008 that they can't afford their monthly payments, will have a hard time refinancing or both, mortgage experts say. Many of the adjustable-rate mortgages that ...
    2007-12-30 05:43:52

  • Looming strikes prompt BAA to open union talks

    Guardian Unlimited - BAA is struggling to refinance the £9bn of debt which new owner, Spanish construction group Ferrovial, used to buy it last year, partly because of the credit crunch. The group hopes to complete the refinancing next year. The Competition Commission is ...
    2007-12-29 03:17:00

  • Jessops focuses on two for CEO

    Daily Telegraph - The retailer plans to refinance itself early in the New Year ahead of the expiry of its existing banking arrangements at the end of 2008. Both candidates are well respected. Robertson was an executive at Marks & Spencer for years before joining Ocado ...
    2007-12-29 03:53:00

  • World/nation briefs

    Minneapolis Star Tribune - He said he and Congress recently came to terms on ways to help, including an energy bill and a measure to help families avoid a tax hit when they refinance a mortgage. He also chided lawmakers for slipping roughly 9,800 pet projects into a spending ...
    2007-12-29 03:17:00

  • Mortgage bailout plan might not help many borrowers

    Orlando Sentinel - But Paulson didn't quantify how many of those 1.2 million homeowners would be expected to refinance their existing mortgages or how many could qualify for the interest-rate freeze that's supposed to help them avoid foreclosure if they can't afford ...
    2007-12-30 04:53:00

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