Mortgage and Financial News From 2008-7-3 Page 14
Previous Day: 2008-07-02
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Mortgage squeeze 'will continue' - BBC News
The availability of mortgages is expected to fall further in the next three months, lenders have told the Bank of England. Lenders say they will put a further squeeze on the availability of home loans in July to September, the Bank's Credit ...
2008-07-03 02:13:00 -
CIT Group exits home lending businesses - Miami Herald
Commercial finance firm CIT Group says it will sell its home lending business to Lone Star Funds for $1.5 billion in cash plus $4.4 billion of assumed debt. New York-based CIT Group Inc. also will offload its $470 million manufactured housing ...
2008-07-01 03:19:00 -
Utah NAACP leader calls for end to mortgage bias (Deseret Morning News)
Martin Luther King Jr.'s dream of a day when people are judged by character, not skin color, should apply everywhere particularly in banks.
2008-07-02 11:10:39 -
Australia service sector activity slumps in June - FXStreet.com
SYDNEY, July 3 (Reuters) - Activity in Australia's services sector dived in June as high interest rates and record petrol prices hit consumer and business demand, a private survey showed on Thursday. The Australian Industry (Ai) Group-Commonwealth ...
2008-07-02 04:47:00 -
Mixed reports on lenders' willingness to help troubled borrowers (The Sacramento Bee)
As critics leveled new charges Wednesday that banks won't help most borrowers avoid foreclosure, the Schwarzenegger administration released a survey saying lenders are rewriting more of their troubled loans.
2008-07-03 12:36:37 -
Home equity delinquencies add to economic heartache (The Desert Sun)
The troubled economy is leaving consumers with increasingly tough decisions about which debts to pay first, and in some cases, which to pay at all.
2008-07-03 01:22:33 -
Spending growth to weaken, says TD Securities - Calgary Herald
Economy - The strong growth in consumer spending in recent years is set to come to an end as smaller wage and house-price increases, a modest rise in unemployment, fewer new jobs and expected higher interest rates cause Canadians to be a little more ...
2008-07-03 12:54:00 -
Arson Surges Across U.S. for Foreclosed Homes Lost to Subprime (Bloomberg.com)
July 3 (Bloomberg) -- At 10:40 p.m. on April 27, a blaze at the beige Victorian house at 19 Nye St. lit up a neighborhood littered with boarded-up homes on the north side of New Bedford, Massachusetts. It left charred wood and melted vinyl siding on the three-story structure.
2008-07-03 01:34:32 -
Treasury secretary wants tougher regulations (London Free Press)
LONDON -- The United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence, U.S. Treasury Secretary Henry Paulson said yesterday in London.
2008-07-03 01:56:39 -
ECB expected to ignore politicians, hike rates - Marketwatch
LONDON (MarketWatch) - A rising chorus of political criticism isn't likely to deter Jean-Claude Trichet and fellow members of the European Central Bank's rate-setting governing council from following through with an all-but-promised quarter ...
2008-07-02 04:54:00 -
U.K. Banks Plan to Curb All Lending Further, Threatening Growth (Bloomberg.com)
July 3 (Bloomberg) -- U.K. financial institutions told the Bank of England they will curb lending further to consumers and companies in the third quarter, constricting economic growth as the threat of a recession looms.
2008-07-03 02:22:30 -
CD Rate Trend Index (Bankrate.com)
It appears we are in a bottoming-out phase at this point. There is not much more room to cut on the downside and there is not enough compelling evidence that rates need to go higher yet either. I expect things to sit tight until the dog days of summer begin to pass.
2008-07-01 03:50:57 -
Rohm and Haas Announces Enhanced Version of VaporStation Central Delivery System (Business Wire via Yahoo! Finance)
NORTH ANDOVER, Mass.----Rohm and Haas Electronic Materials today announced that a second-generation VaporStation™ central delivery system, which provides several enhancements to the highly-capable original version, is now available.
2008-07-01 06:00:00 -
Bike majors ride into profit zone (rediff.com)
Hero Honda, the largest motorcycle manufacturer in the country, posted an impressive 16 per cent growth in June this year over the previous corresponding month.
2008-07-01 10:11:13 -
7 Things to Consider When Choosing an Online Bank (Richfield Reaper)
(ARA) - Tired of tiny savings account interest rates? Feel like your bank isn't paying enough for the privilege of using your deposits? If so, it's time to move your money to a place where it will work better for you.
2008-07-02 04:05:29