Mortgage and Financial News From 2008-5-27 Page 7
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Obama slams McCain on housing crisis - Boston Globe
As John McCain hammers Barack Obama daily on foreign policy, the Democrat is returning the favor on domestic issues. In a speech this afternoon in Las Vegas -- a fast-growing city hit particularly hard by the foreclosure crisis -- Obama seeks to link ...
2008-05-27 11:03:00 -
Harry Gross: Bank dragging feet on returning settlement charges (Philly.com)
Dear Harry: We have an adjustable-rate mortgage that is due for a rate change on July 1. The rate will go from 4 percent to 6 percent, but from here on it will change every year. We decided to refinance. The lender is our own bank so we thought it would g
2008-05-27 01:22:09 -
Savage's 7 steps to surviving the rough economy (Chicago Sun-Times)
Yes, the Fed saved the system last week (though not the shareholders of Bear Stearns), but the Fed doesn’t have unlimited power to rescue the economy, which is having a massive deflation in asset values.
2008-05-27 03:35:31 -
High-Rise Family Drama (Portfolio.com via Yahoo! Finance)
As Macklowes get their deal, a son also rises.
2008-05-27 10:30:00 -
Woman’s losses far exceed legal victory (New Haven Register)
NEW HAVEN — Brunilda Perez has won a Superior Court judgment to receive more than $540,000 from a man who misled her about refinancing her home and investing in real estate, but she says the legal win is “just a piece of paper.”
2008-05-27 12:15:51 -
Obama talks with Las Vegas family (Las Vegas Review-Journal)
Democratic presidential candidate Barack Obama stopped briefly today at the downtown Las Vegas home of Felicitas Rosel and Francisco Cano who are worried that they might lose the home they bought three years ago using an adjustable-rate mortgage.
2008-05-27 12:26:40 -
Thomson Financial UK at a glance share guide - CNBC
LONDON (Thomson Financial) - UK blue chips are set to open higher as a rally in Asia boosts confidence after falls in London and the United States on Friday. In corporate news, Arun Sarin has announced he is standing down as chief executive of ...
2008-05-26 11:43:00 -
Va. county sees signs of change amid crackdown - CNBC
WOODBRIDGE, Va. (AP) - Business at Pedro Vargas' store, Club Video Mexico, has slid so steeply that only eight people walked through the door one day last month. One thing he has been selling, however, are one-way bus tickets from northern Virginia ...
2008-05-27 09:02:00 -
Europe shares slide on inflation, bank concerns - Forbes
LONDON, May 27 (Reuters) - A bout of risk aversion dented European stocks on Tuesday as jitters grew over potential credit-related problems at banks and inflation, while typically defensive stocks such as pharmaceuticals and food rallied. A drop in ...
2008-05-27 09:37:00 -
Pound May Reverse Gains as Spending and Earnings Slow, CMC Says - Bloomberg
May 27 (Bloomberg) -- The pound may reverse two weeks of gains against the dollar as consumer spending and corporate earnings weaken, according to Ashraf Laidi , chief currency analyst in New York at CMC Markets. The U.K. currency rose to a three ...
2008-05-26 11:50:00 -
PROFNET EXPERT ALERTS: Business & Technology - Forbes
1. Finance: Seniors: Reverse Mortgage May Not Be the Only Good Option 2. Internet: Getting Professional with Social Media 3. Management: U.S. Business Executives Struggle with Pace of Change 4. Management: Hedge Funds Suffer Due to Lack of Employee ...
2008-05-27 11:46:00 -
Indonesian Stocks May Reverse Losses (Nasdaq)
(RTTNews) - The Indonesian stock market has closed lower in two straight sessions and in three of the last four, losing more than 90 points or 3.58 percent during that span.
2008-05-26 07:24:20 -
Reverse mortgages can help senior homeowners (The Kansas City Star)
Much has been written about the millions of American families caught in the devastating whirlpool of subprime lending practices. Often overlooked is the fact that many of those victims are in their 60s, 70s and even 80s – senior citizens faced with the loss of their home and their dignity after a lifetime of hard work and responsibility.
2008-05-26 08:24:20 -
IndyMac shares fall as analyst cuts estimates (AP via Yahoo! Finance)
Shares of IndyMac Bancorp Inc. fell Tuesday morning as an analyst cut his earnings estimates and price target on the mortgage lender.
2008-05-27 07:41:48 -
Two-faced gov’t policy on socialized housing (The Manila Times)
It looks like a case of the right hand not knowing what the left hand is doing. I am referring to the legislature trying to restructure socialized and low-cost housing loans while a joint venture involving a government housing corporation is foreclosing 52,000 housing units.
2008-05-27 08:07:06