Mortgage and Financial News From 2008-6-20 Page 4
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More foreclosures predicted for Anthem - AZCentral.com
Thirty percent of all homes on the market in Anthem are being sold by banks, not homeowners. And the end may not be in sight. "It's going to get worse," says Doreen Drew, who has worked exclusively in Anthem's real estate market since the community's ...
2008-06-20 03:50:00 -
Realtors(R) Enlist Nation's Mayors in Fight Against Foreclosure - Forbes
WASHINGTON, June 20 /PRNewswire-USNewswire/ -- The National Association of Realtors(R) today joined officials from the Federal Housing Administration, Mortgage Bankers Association and NeighborWorks(R) America to address the foreclosure crisis and its ...
2008-06-20 10:56:00 -
Stocks in U.S. Hit Afternoon Slump - Street.Com
Updated from 12:43 p.m. EDT Stocks on Wall Street continued to sag Friday afternoon as traders dealt with rising crude oil prices and another round of questions about the state of the financial sector. The S&P 500 was down 25 points at 1318, and the ...
2008-06-20 12:36:00 -
Your Money: Making Your First Mortgage a Great Mortgage - KATV
Adjustable rates have a lot of Arkansans trying to get out of a mortgage. Low but slowly rising interest rates have a lot more Arkansans trying to get into a mortgage. In tonight's "Your Money" report Seven-On-Your-Side's Jason Pederson takes a look ...
2008-06-20 07:14:00 -
Circuit City Falls on Widened Loss, Sales Decline (Update1) - Bloomberg
June 19 (Bloomberg) -- Circuit City Stores Inc. , which put itself up for sale last month, fell to its lowest in two months in New York trading after posting a wider first-quarter loss and a sales decline that surpassed analysts' estimates. Circuit ...
2008-06-19 01:28:00 -
Kent's First-Time Buyers - yourcounty.co.uk
Despite turmoil in the housing market, Kent’s first-time buyers could find themselves in a win situation as property prices decrease and interest rates unlikely to rise much, according to leading estate agent Paul Tilley of Kent-based Greyfox ...
2008-06-17 05:55:00 -
Oil fuels inflation to 11.05 per cent (Business Standard India)
Expect more monetary, fiscal measures, says FM.
2008-06-20 12:23:15 -
Stocks in U.S. Hit Afternoon Slump (TheStreet.com)
MBIA and Ambac are among the decliners. Fannie Mae and Freddie Mac are also in the red. Meanwhile, oil prices are climbing more than $3 a barrel past $135.
2008-06-20 12:32:31 -
Hawaii charities share $1M windfall - Pacific Business News
First Hawaiian gives $100K to Shriners [Honolulu] Hale Kipa receives First Hawaiian grant [Honolulu] Hawaii banks' mortgage rates virtually unchanged [Honolulu] Friends of Hawaii Charities Inc. today distributed a record $1.09 million in grants to ...
2008-06-20 01:55:00 -
MARKET SNAPSHOT: Stocks Tank In Dow's First Close Under 12,000 Since March (Nasdaq)
U.S. stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending under 12,000 for the first time in three months, as escalating oil prices and more trouble in the financial sector compounded market anxiety.
2008-06-20 02:00:38 -
How to protect your savings from inflation - Daily Telegraph
How do you inflation-proof your finances? Many people will be asking following confirmation last week that the cost of living is rocketing. The Consumer Price Index, the Government's official measure of inflation spiked to 3.3 per cent, the highest ...
2008-06-20 12:44:00 -
How to find the best fee-free mortgages - This is Money
The gap between lenders' top deals and their SVRs has narrowed substantially over the past six months, with tighter lending criteria as banks and building societies face higher funding costs. With most SVRs moving in line with the Bank of England's ...
2008-06-20 09:30:00 -
U.S. and European shares slide on financial sector worries; Dow closes below 12,000 (International Herald Tribune)
A resurgence of oil prices and financial sector credit fears on Friday knocked global equities to near the year's lows and dragged down the dollar as interest rates fell on U.S. government debt.
2008-06-20 02:02:00 -
Borrowers facing bleaker prospects of credit - MyFinances.co.uk
Recent judders on the financial markets have not made it a great time for borrowers. Even though the Bank of England’s base rate has remained fixed at 5.75 per cent since July after previous frequent rises, the cost of borrowing has continued to ...
2008-06-20 02:31:00 -
Housing associations 'should buy up' repossession risk homes - MyFinances.co.uk
Homes at risk of repossession should be bought be housing associations, to stop the property downturn resulting in a crisis. The rising cost of living putting extra pressure on households and increased difficulties in finding a mortgage means the ...
2008-06-20 04:30:00