Mortgage and Financial News From 2008-2-3 Page 50

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  • Mortgage brokers struggle to survive (Daily Press)

    With an economic slowdown, more than 26,000 have been put out of work since April 2006. Mortgage brokers who haven't fled the industry or been forced out are in survival mode.
    2008-02-03 01:24:54

  • MORTGAGE MELTDOWN / PLENTY OF BLAME FOR LENDING MESS / Suits filed, agents hunting perpetrators of loan scams that ... (Addict 3D)

    The hunt is on for the mortgage disaster's bad guys. Across the country, task forces of prosecutors, FBI agents, securities investigators, class-action lawyers and others are mobilizing to figure out who broke the law during the high-flying days when lenders...
    2008-02-03 01:25:39

  • Wall St gains fresh vigour

    Stockhouse Canada - US stock markets got a lift from the Federal Reserve's latest interest rate cut as the week's economic news confirmed the US economy is no longer accelerating and has struck a few worrisome potholes. Despite the rebound, Wall Street is hoping that ...
    2008-02-02 11:40:00

  • Britain interest rate war hots up

    Gulf Daily News - LONDON: An Icelandic bank has launched a new high-interest savings account, adding fuel to the fire of Britain's savings rate war. Kaupthing Edge, the online financial services arm of Iceland's largest bank, Kaupthing, started marketing an instant ...
    2008-02-02 05:49:00

  • Fed's moves could create opportunity to refinance

    OregonLive.com - It's a confusing, turbulent time in the mortgage business. After the Federal Reserve cut a key short-term interest rate on by half a point on Wednesday, just days after an unprecedented three-quarter-point cut, how did long-term mortgage rates ...
    2008-02-03 12:01:00

  • Punch swoops on wounded Mitchells & Butler

    Daily Telegraph - ... from the retail and leisure sectors Comment: The killer-Punch for Mitchells & Butlers Punch is understood to have submitted the proposal late last week following M&B's disclosure that it had recorded a disastrous £274m loss on failed interest rate ...
    2008-02-02 06:25:00

  • Don't go out and blow your stimulus check

    Miami Herald - If you have at least one month's worth of living expenses saved but you have credit card debt, especially with a double-digit interest rate, use the money to pay down that debt, Cunningham advises. If you want to give yourself a psychological boost ...
    2008-02-03 12:01:00

  • Getting a handle on costs to build nest egg

    Baltimore Sun - As each debt is paid off, direct the monthly payment now freed up as an additional payment toward the remaining debt with the highest interest rate," he said. Once the cards are paid off, the payment is added to the mortgage payment. "This will pay ...
    2008-02-03 12:15:00

  • Rate cut won't help borrowers

    Guardian Unlimited - Bank of England policy-makers are poised to cut interest rates this week, amid growing evidence that cash-strapped consumers are suffering from the credit squeeze; but mortgage lenders are already warning that they may refuse to pass on the benefits ...
    2008-02-02 03:40:00

  • Hefty rent hike warning if rates rise

    News.com.au - Economists are widely tipping an interest rate rise by the RBA on Tuesday in a further attempt to curb inflation. But Mr Young said another interest rate rise would be counter productive. "By increasing interest rates again, the Reserve Bank will ...
    2008-02-02 09:38:00

  • Interest rate cut almost certain

    24-7PressRelease.com - -- Financial experts say that there is a strong possibility of another interest rate reduction following the last December's 25 basis point cut. -- /24-7PressRelease/ - LONDON, UK, February 03, 2008 - A poll by Reuters comprising 60 economists shows ...
    2008-02-02 11:54:00

  • Australians brace for the next interest rate rise

    West Online - Hundreds of thousands of Australians are bracing for more mortgage pain as they await a likely Reserve Bank decision to lift official interest rates. The Reserve Bank of Australia board will meet on Tuesday to consider raising rates to an 11-year ...
    2008-02-02 11:11:00

  • Higher yields also mean higher risk

    Baltimore Sun - Financial advisers are fielding calls from individuals hoping to find a magic investment - the dream combination of low risk and a high yield, or interest rate. Unfortunately, no such fix exists. "People who reach for yield are reaching for risk ...
    2008-02-03 12:23:00

  • Securing private student loans tougher

    Chicago Tribune - On the one hand, federal student loans, which include Stafford and PLUS loans, are unaffected. These loans charge a set interest rate of all borrowers. Private loans are another matter. Your credit score and other measures of borrower quality ...
    2008-02-02 11:54:00

  • Price cuts, pain seen for builders

    Philadelphia Inquirer - Home builders battered by the slowdown in sales will have to cut prices, sell inventories and slash other costs to stay in business despite recent interest-rate cuts by the Federal Reserve, housing-credit analysts say. "The only recipe for too much ...
    2008-02-03 12:01:00

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