Mortgage and Financial News From 2008-6-20 Page 8
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New home builds plummet 60% (Guardian Unlimited)
Business & money: Tighter mortgage lending conditions putting off potential home buyers
2008-06-20 11:13:08 -
The WSJ Edit Page and the Mortgage Industry (Columbia Journalism Review)
Does it really expect us to forget what it wrote? Being a Wall Street Journal editorial writer means never having to say you’re sorry. Those literary lions of Liberty Street now take Senator Chris Dodd to task for getting a favorable loan from the execrable Countrywide Financial, then pushing a mortgage relief bill that, while helping borrowers, would also have the effect of helping mortgage ...
2008-06-20 11:13:18 -
Machado, Senate Banking gut crucial mortgage reform (La Prensa San Diego)
The California Senate Banking Committee bowed to industry today, killing all but one of the Assembly Democrats’ crucial bills designed to rein in abuses prominent in the sub-prime market and thereby eliminating the prospect of restoring responsibility and accountability to the mortgage market in California this year.
2008-06-20 11:23:13 -
?Beyond the Mortgage Meltdown? -- New Report Analyzes Dodd/Frank Plan and Calls For Additional Steps to Address the ... (Broadcast Newsroom)
Moody's Economist Mark Zandi and Home Loan Bank President Alfred Dellibovi Join Report Author James Lardner At 6/25/08 National Press Club Event
2008-06-20 11:23:27 -
Barclays Said to Seek Capital From Japanese Rival (NYTimes.com via Yahoo! Finance)
Barclays, which is seeking funds to replenish its capital, is reportedly talking with Sumitomo Mitsui Financial Group about a cash infusion of 100 billion yen, or $927 million.
2008-06-20 11:36:30 -
Expect more monetary steps (Business Standard India)
Banks are expecting more monetary tightening measures from the Reserve Bank of India (RBI) as part of a joint inflation combating initiative with the Centre.
2008-06-20 11:40:20 -
Ex-Su Casa real estate agent arrested on 11 felony counts (San Jose Mercury News)
Gloria Alvarez was one of the top agents at a dominant East Side real estate company during the heady days of the recent real estate boom, but Thursday she was in jail facing multiple felony charges.
2008-06-20 11:49:12 -
Ohio Housing Finance Agency boosts mortgage assistance by $6M (Business First of Columbus)
The Ohio Housing Finance Agency approved $6 million in additional funding this week for its mortgage assistance program.
2008-06-20 11:55:52 -
Hull confirm interest in Spurs defender - Wanstead and Woodford Guardian
TOTTENHAM'S Anthony Gardener is not short of potential suitors, as newly-promoted Hull City have joined the race to sign the giant defender. Tigers boss Phil Brown admitted he was keen on the out-of-favour centre-back and has offered the 27-year-old ...
2008-06-20 04:58:00 -
Canada's Dollar Poised for Biggest Gain in a Month on Rate - Bloomberg
June 20 (Bloomberg) -- Canada's dollar is poised for the biggest weekly gain in more than a month amid speculation that accelerating inflation will prevent the central bank from cutting borrowing costs this year. Bank of Canada Governor Mark Carney ...
2008-06-20 10:20:00 -
FOREX-Dollar hammered on credit jitters, Fed rate worries - Reuters
Dollar falls on fears of a less hawkish Fed, write-downs * Dollar index set for largest weekly loss since March 30 * ECB official says rates must rise unless services sector helps
2008-06-20 09:09:00 -
Divided view favors steady Mexico rates - Reuters
MEXICO CITY, June 20 (Reuters) - Most analysts expect Mexico's central bank to keep its key overnight interest rate steady at a monthly review on Friday, though a significant minority forecast a rate hike. The central bank is due to make its monthly ...
2008-06-20 05:27:00 -
Mexico raises interest rates - Forbes
Mexico's Central Bank is raising interest rates to combat inflation. The central bank says it's raising the key rate by 25 basis points to 7.75 percent from 7.5 percent. Friday's announcement marks the first time since October 2007 that the bank has ...
2008-06-20 10:28:00 -
Brazil Stocks Fall on Rate Concern, Chinese Growth; Bolsa Drops - Bloomberg
June 20 (Bloomberg) -- Brazilian stocks fell for a third day, capping a third week of declines, as accelerating inflation and concern China may reduce demand for commodities sent retailers and metal producers tumbling. Cia. Vale do Rio Doce, the ...
2008-06-20 09:09:00 -
Overview: Bonds rally as financial sector woes persist (Financial Times)
The recent slide in government bond prices was halted this week as central bank officials sought to rein in expectations for global interest rate rises and fears about the outlook for the financial sector intensified.
2008-06-20 10:41:55