Mortgage and Financial News From 2008-5-27 Page 4
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Need to know - Times Online
Mortgage lending fell by nearly 40 per cent last month as buyers continued to struggle to secure home loan deals. Up to 38,704 mortgage deals were approved by banks in April – a slight improvement on the record low in March - but 39.4 per cent down ...
2008-05-27 05:08:00 -
House price indicator suggests market still weak - Daily Telegraph
Britain's housing market remains under stress, according to official figures showing that mortgage approvals in April were the second weakest on record. The British Bankers' Association said approvals for home loans, a lead indicator of house prices ...
2008-05-27 04:40:00 -
Fears for house sales are fuelled by 39% fall in mortgage lending - The Independent
The property market slump seems set to intensify after the major banks revealed that the number of new mortgages approved in April was the second lowest on record. Total home loan approvals came in at 38,704 last month, well below the six-month ...
2008-05-27 04:11:00 -
Thrift regulator wants more powers over mortgage industry - Boston Globe
WASHINGTON— A regulator whose agency would disappear under a Bush administration plan to revamp financial oversight says his agency should instead be given expanded power over the U.S. home loan market. John Reich, director of the federal Office of ...
2008-05-27 11:25:00 -
John R. Boken to Become Chief Executive Officer and President of TOUSA, Inc. (PR Newswire via Yahoo! Finance)
TOUSA, Inc. -- TOUSA, Inc. today announced that, subject to approval by the United States Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division , John R. Boken will become Chief Executive Officer and President of TOUSA, Inc.
2008-05-27 06:15:00 -
Prostitution bill fracas (Busselton-Dunsborough Mail)
THE State Government has stated the WA community strongly supports decriminalisation of prostitution, despite concerns from Shire of Busselton president Wes Hartley.
2008-05-27 06:20:47 -
Nobody's Home (WallStreet Journal via Yahoo! Finance)
A vacant home that won't sell can drag down the price of nearby homes on the market -- or even become a danger to the neighborhood. Terri offers a few tips on how to protect your house when there's a vacant home nearby.
2008-05-27 06:29:45 -
Mortgage v super (Moneymanager)
You resist the temptation to blow it on a holiday or a new lounge suite. You will either use it to pay down your mortgage or put it into your super fund. But which one will deliver the best benefit for you in the lead-up to retirement?
2008-05-27 06:36:24 -
Detective work (Moneymanager)
It goes without saying that everyone wants to pay as little tax as they are legally required. The trouble is there are so many obscure tax deductions and offsets available to various sections of the community that it's easy to overlook a legitimate claim.
2008-05-27 06:36:43 -
In Housing, the Strong Turn Weak (NYTimes.com via Yahoo! Finance)
The home-buying season is shaping up to be even worse than expected, with prices falling, sales slowing and few signs of a turnaround.
2008-05-27 06:37:47 -
With Bold Steps, Fed Chief Quiets Some Criticism (New York Times)
Over a frantic weekend in mid-March, Ben S. Bernanke rewrote the rule book as chairman of the Federal Reserve. Today, he appears to have quieted many critics.
2008-05-27 06:53:33 -
A reverse mortgage requires sound advice - Baltimore Sun
Foreclosures are up, and it looks like they won't be coming down anytime soon. Troubled homeowners have a few options to stave off foreclosure, and Congress is looking at creating others. But older homeowners, age 62 and up, for years have had a tool ...
2008-05-27 05:30:00 -
Cutting back on basics as rates bite - News.com.au
Homeowners cutting out basics as well as luxuries to pay mortgage This includes not saving and cancelling insurance policies In-depth : The latest interest rate news and features HOMEOWNERS are cutting back on necessities as well as luxury items as ...
2008-05-27 04:18:00 -
UPDATE 1-US big bank regulator wants appraisal deal withdrawn - Reuters
WASHINGTON, May 27 (Reuters) - A top U.S. banking regulator on Tuesday called for dismantling a recent agreement to create new standards and an oversight body for mortgage appraisers, citing unintended consequences and conflicts with federal laws. In ...
2008-05-27 04:04:00 -
Regulator protests Fannie, Freddie appraisal deal - Forbes
The regulator who oversees national banks is protesting an agreement by Fannie Mae and Freddie Mac to stop buying mortgages that use lenders' in-house appraisers, a pact intended to protect buyers from fraudulently inflated home prices. John Dugan ...
2008-05-27 04:25:00