Mortgage and Financial News From 2008-7-3 Page 7

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• And the credit crunch keeps rolling on (Miami Herald)

  Nearly a year into the credit crunch, the mortgage and housing markets remain confusing and difficult for many consumers.
  2008-07-03 01:29:22

• Children lifted out of poverty (Stuff)

  Fewer children are living in poverty - but working-age singles are increasingly the new poor, according to the Social Development Ministry.
  2008-07-03 02:10:30

• Home improvement loans and grants available (Char-Koosta News)

  KALISPELL — Summer is officially here, and it is prime time for those overdue home repairs. Homeowners on a limited income may be eligible for federal assistance from Rural Development to make critical repairs to your home.
  2008-07-03 01:36:49

• British economy falling into American-style slump (International Herald Tribune)

  A housing market in shambles, inflation at the highest level in years and signs that the economy is headed for, or already in, recession. Sound familiar?
  2008-07-03 11:40:48

• Dallas Cowboys stadium bonds rise in cost for Arlington (Dallas Morning News)

  ARLINGTON – The mortgage crisis will probably force Arlington to reissue some bonds for the new Dallas Cowboys stadium at a cost of about $2 million. The company insuring the city bonds has been downgraded by all three major rating agencies since the spring.
  2008-07-03 02:28:16

• Kenya: In the Grip of Inflation And Stagnation (AllAfrica.com)

  It is about a year since I started writing this column and since then I have witnessed Kenya and the rest of the world struggle under enormous political, economic and financial problems.
  2008-07-03 01:45:26

• Economic Problems in Britain Mimic Those in U.S. (New York Times)

  The British economy, like that of the U.S., may be headed for recession, and the reasons are similar: the collapse of a once red-hot housing market and rising inflation.
  2008-07-03 01:09:24

• Morris Crossroads change marketing strategy (The Record)

  The owners of Morris Crossroads in Mount Olive — the largest block of Class A office space in North Jersey — are shifting their marketing strategy to include finding a college or university to occupy the facility that’s been on the market for two years.
  2008-07-03 02:41:45

• Asia Day Ahead: U.S. Stocks Fall; GM May Sell Mini-Cars in U.S. (Bloomberg.com)

  July 4 (Bloomberg) -- Most U.S. stocks fell, completing the longest streak of weekly declines in four years, after a reduced sales forecast by Nvidia Corp. outweighed speculation the Federal Reserve will hold off raising interest rates.
  2008-07-03 02:29:15

• Magna Entertainment Corp. Proceeds with Stock Consolidation (Broadcast Newsroom)

  AURORA, ON , July 3 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that its Board of Directors has approved a reverse stock split of MEC's Class B Stock and Class A Subordinate Voting Stock ("Class A Stock"), utilizing a 1:20 consolidation ratio.
  2008-07-03 02:32:06

• Finance and Commerce is the must-read and must-use business resource. (Finance and Commerce)

  Bankers: Applications should bottom out as interest rates settle, recovery in Q4?
  2008-07-03 02:35:29

• Finance and Commerce is the must-read and must-use business resource. (Finance and Commerce)

  Bankers: Applications should bottom out as interest rates settle, recovery in Q4?
  2008-07-03 02:35:29

• Cry for Help From Buy to Let Investors - PR Newswire

  LONDON, July 3 /PRNewswire/ -- The UK Insolvency Helpline ( http://www.insolvencyhelpline.co.uk/ ) said that the credit crunch was leaving many buy-to-let professionals unable to cope with their mounting debts. The helpline reports that there has ...
  2008-07-03 06:52:00

• Baltimore County - Newsday

  A teenager on trial for his role in a knife attack on another teen outside a Columbia mall should not face an attempted-murder charge because he was not the one who stabbed the victim, the defendant's attorney argued yesterday. The only crime ...
  2008-07-01 11:22:00

• Virginia law aims to help people on the verge of losing homes - HamptonRoads.com

  Some Virginia homeowners who have fallen behind in their mortgage payments may soon get a letter offering help. It won't be a ruse or a scam. A change in state law Tuesday requires that lenders and mortgage-servicing companies send delinquent ...
  2008-07-03 09:51:00

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