Mortgage and Financial News From 2007-12-22 Page 01
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5 days ago » European, Asian Markets Slide «
San Francisco Examiner - ... in the U.S. dampened hopes that the Federal Reserve will cut interest rates ... Seng index sank 967.06 points, or 3.51 percent, to 26,596.58 points, its lowest ... after Centro Properties Group and an affiliate revealed exposure to the U.S. mortgage ...
2007-12-22 09:16:00 -
Realtors' trade group predicts housing sales to rise in 2008
Lansing State Journal - ... existing home sales to fall 12.5 percent this year to 5.67 million - the lowest ... Mortgage availability is improving." The Realtors group forecast the median price for ... of the year, to assess the economy and decide their next move on interest rates. ...
2007-12-22 09:02:00 -
FIRST-TIME BUYER CRISIS
Sunday People - ... the mortgage. The crisis has sent the number of first time buyers plunging to its lowest level since 1980. Many are being forced to carry on renting into their 30s by a combination of high prices, soaring interest rates ... And mortgage interest rates ...
2007-12-22 09:02:00 -
Troubled year for housing in Valley
AZCentral.com - Permits fell in September to their lowest level in 15 years. October's numbers were similar. November's numbers are due out this week. Mortgage purchase applications increase. Not yet. Thirty-year mortgage rates drop to 6 percent. The average 30-year ...
2007-12-22 10:35:00 -
Taxes up as communities are buried in bills
Boston Globe - ... bills 5 percent, to $3,140 per year for the average homeowner, the third-lowest ... New tax rates for communities were approved this month by the state Department of ... Tirrell, 49, a mother of two school-age children, added, "I've watched my mortgage go ...
2007-12-22 09:45:00 -
I'm in need of financing for a Christmas tree farm
Marketwatch - ... to start a Christmas tree farm on the property. All the banks that we ask don't know anything about this kind of mortgage ... You cannot calculate profit based solely on averages (for obvious reasons) and even more dangerous is using net profit data ...
2007-12-19 03:58:00 -
Market Watch: Beware of home sellers' freebies (Savannah Morning News)
NEW YORK - A homebuyer's market is a beautiful thing when you are eyeing the house of your dreams, your appetite whetted by this year's nationwide drop in home prices.
2007-12-22 10:47:09 -
Crisis may make 1929 look a 'walk in the park'
Daily Telegraph - Lenders are hoarding the cash, shunning peers as if all were sub-prime lepers ... By not cutting interest rates nearly far enough or fast enough, they are allowing ... Yet still the central banks shrink from seriously grasping the rate-cut ...
2007-12-22 03:54:00 -
CM Development: The sales pitch was great, but the company fell apart
HamptonRoads.com - ... investor interviews and McEntee's own testimony show CM Development's business model was a prime example of a Ponzi scheme. McEntee offered investors a couple of ways in: He'd either borrow their cash for a short time at a generous interest rate or he ...
2007-12-22 08:48:00 -
Thai Elections Could End Country's Political Crisis
NPR News - The coup threw out the government of Prime Minister Thaksin Shinawatra, who was ... for Thailand's poor by offering micro-loans to small businesspeople and low-interest ... club Manchester City, and by spending millions of pounds to attract first-rate ...
2007-12-22 04:37:00 -
Global development impact on Indian markets
Economic Times - They argue that the interest rates in Indian markets have also gone up significantly in last couple of years and this could trigger a sub-prime crisis in Indian markets. FED rate cut: USA Federal Reserve (FED) has cut the interest rate by another ...
2007-12-22 04:23:00 -
Rate cuts, not recession, is UK danger
Daily Telegraph - Just a few weeks ago, no one was posing that question. But with sub-prime lingering and market interest rates refusing to fall, a fear of recession is in the air. The amount of newsprint devoted to the "r" word has risen sharply. And when economies ...
2007-12-22 03:18:00 -
Foreclosure rate remains high (Canon City Daily Record)
Through three quarters of the year, the Colorado Division of Housing reported foreclosures in the state were already higher than after the full year of 2006.
2007-12-22 03:58:27 -
Rate cuts, not recession, is UK danger (Daily Telegraph)
Will Britain enter recession? Will we endure - in technical parlance - two successive quarters of negative growth?
2007-12-22 05:30:46 -
E Com buys Model Reorg; company's board approves name change to ...
CNBC - Also in the agreement, E Com said Model is required to refinance debt owed to an affiliate through a $50 million, three-year term loan. Following the transaction, the shareholders _ the Nussdorf family _ will own about 71 percent of E Com's ...
2007-12-21 02:51:00