Mortgage and Financial News From 2008-4-29 Page 11
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Santander's Abbey grabs UK mortgage share - Reuters
LONDON, April 29 (Reuters) - Abbey, part of Spain's Santander (SAN.MC: Quote , Profile , Research ), grabbed 15.9 percent of Britain's mortgage market in the first quarter as it took advantage of a retreat by rivals as housing market conditions ...
2008-04-29 12:02:00 -
Pound Declines Against Dollar on Outlook for Interest Rates - Bloomberg
April 29 (Bloomberg) -- The pound fell against the dollar before an official report that may show U.K. mortgage approvals dropped last month as borrowing costs surged, prompting speculation of more interest-rate cuts. The pound snapped two days of ...
2008-04-29 12:59:00 -
US rates tipped for one more cut - BBC Business
The Fed has been slashing rates - on occasion between its official meetings - to bring them down from their peak of 5.25% last summer to their current level of 2.25% amid increasing signs that the US is sinking into a recession. The only part of the ...
2008-04-28 11:19:00 -
PM Says He's Lost Control on Rates - Turkish Weekly
The Prime Minister conceded yesterday he had lost control over mortgage rates as yet another bank lifted its rates independently of the Reserve Bank and in the face of opposition from the Treasurer. Westpac declared late yesterday that it would lift ...
2008-04-29 12:24:00 -
Banks Likely to Raise Rates Again Even if RBA Holds Fire - The Epoch Times
The Commonwealth bank, one of the country's big four banks, hasn't followed others in raising their variable mortgage rates in the past few days. (The Epoch Times) CANBERRA—Economists think the Reserve Bank of Australia (RBA) will spare homebuyers ...
2008-04-29 01:35:00 -
Mortgage squeeze tightens after Abbey clamps down on interest-only ... - Guardian Unlimited
Abbey today become the first major high street lender to clamp down on low-cost "interest-only" mortgages by reducing the maximum loan for such deals to as little as 50% of the property's value. Growing numbers of borrowers have turned to interest ...
2008-04-29 12:38:00 -
Mortgage approvals drop points to UK housing gloom - Guardian Unlimited
A scarcity of credit means mortgage rates for many borrowers are now higher then they were before the Bank of England began to cut interest rates at the end of last year.
2008-04-29 02:04:00 -
Mortgage approvals drop points to housing gloom - International Herald Tribune
LONDON : Mortgage approvals for house purchases fell in March to their lowest level since comparable records began, suggesting a housing market downturn is gathering pace. Figures from the Bank of England on Tuesday showed mortgage approvals -- a ...
2008-04-29 02:11:00 -
City gets funds to aid homeowners - Vacaville Reporter
Vacaville has received some significant financial aid, amounting to $100,000 for the next two years, to help homeowners hit by the housing crisis. The city was one of 39 agencies statewide to receive such a grant - which will be used to hire ...
2008-04-28 10:33:00 -
Bank of America to Modify Mortgages, Help Homeowners (Update3) - Bloomberg
April 28 (Bloomberg) -- Bank of America Corp. , seeking approval of its Countrywide Financial Corp. takeover, said it will modify at least $40 billion in troubled mortgage loans over the next two years to keep customers in their homes. The move would ...
2008-04-28 12:13:00 -
NEW HOPE ON FORECLOSURES - Philadelphia Daily News
AS CONGRESS stumbles around looking for the light switch that might illuminate answers to the national foreclosure crisis, and as legislators in Harrisburg have yet to hammer out a compromise package of bills addressing the same, Philadelphia is ...
2008-04-28 11:55:00 -
Consumer Smarts: Can't pay the house bill? Get help quickly - Seattle Post Intelligencer
AS MORE homeowners fall behind on their financial obligations, the number of foreclosure filings in this state and nationwide continues to rise. Washington state ranked 16th in the nation in foreclosures, with 1,608 filings in March -- a 121 percent ...
2008-04-28 03:12:00 -
Inflation hawks gone soft - News.com.au
A VERY strange coalition has formed to oppose Reserve Bank interest rate rises. Both the ones we've had already and very, very emphatically any future ones. What makes the coalition especially odd is that many if not most of the members are not ...
2008-04-28 05:57:00 -
New hearing, charge for brother of man with possible al-Qaida ties - Deseret News
A new charge and a possible change of plea came in Utah's federal court Monday for the brother of a man who is suspected of having ties to al-Qaida. Bassam Omar of San Diego was indicted by a federal grand jury in 2005, along with Alaa Ramadan, for ...
2008-04-28 05:21:00 -
Are you more likely to catch the flu or face foreclosure? - BusinessWeek
It depends on where you live. In Nevada, the odds of losing a home to foreclosure could soon be about the same as getting the flu if predictions in a new Pew Charitable Trusts report come true. One in 11 Nevadans will be in foreclosure within the ...
2008-04-28 07:27:00