Mortgage and Financial News From 2008-6-18 Page 5
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Bank's King says economy has to slow to cool inflation - International Herald Tribune
LONDON : Eeconomy is slowing and has to do so to help cool inflation, Bank of England Governor Mervyn King said on Wednesday. In his annual Mansion House speech to City of London bankers, King repeated it was still unclear where interest rates would ...
2008-06-18 01:58:00 -
WaMu Commits an Additional $1 Billion in Assistance to Help Borrowers (Business Wire via Yahoo! Finance)
SEATTLE----Washington Mutual today announced that it is dedicating an additional $1 billion as part of its borrowers' assistance program designed to help WaMu homeowners with subprime mortgage loans stabilize their finances and avoid foreclosure.
2008-06-18 01:30:00 -
Cars ditched over petrol high (News Interactive)
Petrol hits $1.71 in Sydney, Melbourne More commuters using public transport Petrol pain hits mortgage belt hardest
2008-06-18 01:45:00 -
Culp Announces Results for Fourth Quarter Fiscal 2008 (wallstreet:online AG)
Culp, Inc. (NYSE: CFI) today reported financial and operating results for the fourth quarter and year
2008-06-18 02:05:16 -
Thornburg Mortgage Announces Conference Call and Webcast (Business Wire via Yahoo! Finance)
SANTA FE, N.M.----Thornburg Mortgage, Inc. , announced today that on Wednesday, June 25, 2008, it will hold a conference call to explain the valuation and accounting for the recent $1.35 billion financing transaction and Override Agreement.
2008-06-18 02:06:00 -
The Home-Equity Door Slams Shut (Kiplinger.com)
Anxious lenders are freezing lines of credit. Borrowers are in a fix.
2008-06-18 03:04:06 -
How to Determine if it's Time to Refinance (Richfield Reaper)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
2008-06-18 03:19:30 -
Wachovia Moves to Assure Borrowers Understand Loans (Update2) - Bloomberg
June 18 (Bloomberg) -- Wachovia Corp., which ousted its top executive after estimating it may lose more than $4.5 billion on adjustable-rate home loans, will start calling would-be borrowers to explain the risks of such mortgages. Wachovia is ...
2008-06-18 10:37:00 -
Chuck Prince Home Sale No Easier Than Fixing Subprime (Update1) - Bloomberg
June 18 (Bloomberg) -- Former Citigroup Inc. Chief Executive Officer Charles O. ``Chuck'' Prince III lost his job because of the housing slump . Now he's having a hard time selling his home. Prince's five-bedroom Tudor-style house in Greenwich ...
2008-06-18 12:53:00 -
PersonalFinance: Tapping home equity for no-debt cash - Reuters
WASHINGTON, June 18 (Reuters) - Like most long-time homeowners, Dan and Jody Dollar have built up quite a lot of equity in their Newbury Park, California, home. They've lived in the house for 24 years, come close to paying off the mortgage, and ...
2008-06-18 01:00:00 -
High Mortgage Rates, Home Values Decrease Mortgage Activity - HULIQ.com
Mortgage applications in the U.S. declined last week, led by a slump in refinancing as borrowing costs surged. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan fell 8.8 percent to 507.9 from 557.1 the ...
2008-06-18 11:34:00 -
30-year mortgage rate of 6.57% chills demand - USA Today
NEW YORK (Reuters) — Applications for home mortgages dropped for the fourth week in the last five as soaring interest rates choked off refinancing opportunities and soured the housing outlook, an industry group said Wednesday. The Mortgage Bankers ...
2008-06-18 10:08:00 -
DEALTALK-Capital-raising troubles drive broker asset sales - Reuters
NEW YORK, June 18 (Reuters) - Capital-raising pressures are likely to drive investment banks to sell assets ranging from repackaged mortgages to stakeholdings in other companies as an alternative to issuing equity or debt securities. After raising ...
2008-06-18 01:15:00 -
Washington Mutual plans to lay off hundreds more - Seattle Business Journal
Mortgage broker enters guilty plea in connection with fraud scheme [Sacramento] WaMu's Killinger says bank has 'aggressive strategic plan' [Seattle] Health Alliance lands $1M grant for patient initiatives [Seattle] Washington Mutual, battered by the ...
2008-06-18 11:49:00 -
Experienced Montreal Broker Francine Beaulieu Joins Mortgage ... - Market Wire
MONTREAL, QUEBEC--(Marketwire - June 17, 2008) - Mortgage Architects is pleased to announce the signing of Francine Beaulieu, an industry veteran with a rich background in both the real estate and mortgage brokerage industries. We're thrilled that ...
2008-06-17 10:03:00