Mortgage and Financial News From 2008-6-18 Page 01
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EUROPE MARKETS - Marketwatch
LONDON (MarketWatch) -- European stocks climbed on Tuesday as investors scaled back expectations of global interest-rate hikes, while carmakers made strong gains on declining crude prices and Daimler's announcement it plans to buy back about $9 ...
2008-06-17 12:40:00 -
What to Do With Cash in Hand (KiplingerForecasts.com)
Use these strategies to make sure your money is safe, earns a decent rate and is accessible.
2008-06-18 06:02:28 -
Certificate of deposit investing strategies (Bankrate.com)
Savvy investors keep a portion of their portfolio in fixed-income investments where it's not subject to the ups and downs of the stock market.
2008-06-18 07:05:07 -
Have our banks made imprudent loans or are they screwing us? - Politics.ie
With the recent increases in Mortgage rates by Banks with rates up to 1.5% over the ECB rates, is this an indication that the Banks are seeking to protect their levels of profit, or that they are seeking to cover some of their losses. If it related ...
2008-06-17 05:38:00 -
Kensington Mortgages' special servicer rating upgraded to 'RSS1-UK ... - CNBC
MUMBAI (Thomson Financial) - Fitch Ratings said it upgraded Kensington Mortgages Ltd.'s UK residential mortgage special servicer rating to 'RSS1-(minus)UK' from 'RSS2+UK' citing its continued proactive risk-grading and behavioural scoring systems ...
2008-06-18 02:30:00 -
California home sales hit 13-year low in May - San Diego Union-Tribune
SAN DIEGO – California housing sales were at their lowest level in 13 years last month, as prices slid 30 percent from year-ago levels, San Diego-based DataQuick Information Systems reported Wednesday. The 33,024 transactions statewide were down 6 ...
2008-06-18 03:59:00 -
Rates set to rise as ECB battles with record inflation - Irish Examiner
INTEREST rates will increase next month when the European Central Bank is expected to up the main lending rate by 0.25% to 4.25% to battle record eurozone inflation rates of 3.5% putting pressure on Irish business and homeowners. Four of Ireland’s ...
2008-06-18 04:42:00 -
Alistair Darling warns of global crisis hitting Britain in first ... - Daily Telegraph
In a BBC interview he urged people not to push for inflation-busting pay rises this year saying it would be "disastrous" if the current high rates of inflation became the norm. His comments will underline the growing concern within Government over ...
2008-06-18 04:28:00 -
Mortgage stress hits new highs - News.com.au
MORTGAGE stress among Australian borrowers has hit its highest level in more than a decade, according to data published yesterday by credit ratings agency Standard & Poor's. The research, which suggests that tens of thousands of homeowners are under ...
2008-06-18 06:01:00 -
Brace yourselves: Mervyn King and Alistair Darling admit that Britain is facing a 'difficult year' (Daily Mail)
Millions of families must brace themselves for a gruelling period with finances stretched to breaking point, the Bank of England governor warned last night.
2008-06-18 04:30:07 -
Disputes over public sector pay could bring down Brown - unions (Guardian Unlimited)
Dave Prentis, general secretary of Unison, said he would oppose attempts to impose an 'immoral' pay policy
2008-06-18 04:35:19 -
Calif. lawmakers reject mortgage restrictions (The Fresno Bee)
A slate of bills seeking to rein in the type of risky lending practices that contributed to California's housing collapse ran aground in a Senate committee Wednesday.
2008-06-18 05:37:08 -
More than 4m families use a credit card to pay mortgages (Daily Mail)
More than four million families have used a credit card to pay the mortgage or rent in the last year.The figure exposes the dramatic impact of the economic squeeze on ordinary families.
2008-06-18 05:44:17 -
More consumers, workers shoplift as economy slows (USA Today)
Retail and law enforcement experts agree that they've seen an increase in store theft during the current slowdown and not only from customers. "Wages aren't keeping up with inflation, especially the price of food and energy," says Diane Swonk, chief economist at Mesirow Financial. "It just leaves less money for everything else, and that breeds a lot of temptation."
2008-06-18 07:14:09 -
Fallout From Bad Loans Rocks Regional Banks (NYTimes.com via Yahoo! Finance)
Regional banks across the nation are being shaken to the core by the mortgage crisis. For many of them, things are going from bad to worse.
2008-06-18 08:36:32