Mortgage and Financial News From 2008-4-29 Page 8
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US FTC probing more than dozen mortgage companies - Reuters
WASHINGTON, April 29 (Reuters) - The Federal Trade Commission is investigating "more than a dozen" mortgage companies for possible deceptive advertising, an FTC agency official told Congress on Tuesday. Lydia Parnes, director of the FTC's bureau of ...
2008-04-29 08:16:00 -
Countrywide loses $893 million in 1Q on rising loss reserve - Houston Chronicle
CALABASAS, Calif. — Countrywide Financial says it lost $893 million during the first quarter due to a sharp increase in its provision for loan losses. The Calabasas, Calif.-based mortgage lender says it lost $1.60 per share, during the first ...
2008-04-29 06:29:00 -
Countrywide loses $900M as more loans blow up - CNN Money
NEW YORK (CNNMoney.com) -- Countrywide Financial Corp. once again found itself mired in red ink, reporting a loss Tuesday of nearly $900 million as higher housing-related credit losses engulfed the mortgage lender's results. Countrywide ( CFC ...
2008-04-29 06:29:00 -
UK's Mortgage Approvals At Record Low In March [] - RTT News
Tuesday, April 29, 2008 9:40:53 AM - As banks in UK tightened lending to survive the lingering crisis in the credit market, the number of mortgage approvals fell to a record low in March. According to data from the Bank of England, the total number ...
2008-04-29 06:36:00 -
Dollar Rises to Three-Week High on Bets Fed Will Signal Pause - Bloomberg
April 29 (Bloomberg) -- The dollar strengthened to a three- week high against the euro on speculation the Federal Reserve will signal that it's done lowering interest rates. The currency is headed for its first monthly advance against the euro this ...
2008-04-29 07:26:00 -
Weak UK economic data bolster rate cut bets - Guardian Unlimited
LONDON, March 29 (Reuters) - Approvals for new home loans in Britain fell to their lowest level on record in March pointing to more housing market gloom while retailers reported a slide in high-street sales in April, data showed on Tuesday. The weak ...
2008-04-29 04:48:00 -
UK mortgage approvals lowest since 1993 - Financial Times
Mortgage approvals for new home purchases fell to 64,000 in March from 72,000 the month before, the lowest on record since this particular series began in 1993, according to official data from the Bank of England. Moreover, it is also the lowest ...
2008-04-29 03:15:00 -
Mortgage lending lowest for 15 years - Times Online
The number of mortgages granted to home buyers fell further last month as prohibitive rates and demands for large deposits put off borrowers. Some 64,000 loans were approved for those buying or moving home in March, figures from the Bank of England ...
2008-04-29 06:50:00 -
UPI NewsTrack TopNews - United Press International
DETROIT, April 28 (UPI) -- The former pastor of Democratic presidential candidate Sen. Barack Obama says he is describing race relations in the United States, not creating divisions. "I describe the conditions in this country," the Rev. Jeremiah ...
2008-04-28 05:33:00 -
Developing the New "Capitalists' Man" - Scoop
In the wake of revolutions in Russia, China, Cuba, and elsewhere, there was talk of creating a new type of person with a socialist mindset. The idea was that people in the prerevolutionary capitalist societies had been educated to be individualistic ...
2008-04-28 05:28:00 -
Categories of Coverage - AOL
When you buy a homeowner's insurance policy, an insurer will want to know whether you own a house, condominium or manufactured (mobile) home. Insurers generally sell different policies with different premiums for each of these types. Some insurers ...
2008-04-28 10:58:00 -
Hoping for a break on your property tax bill? Don't count on it - Idaho Statesman
Kevin McIntyre questions whether his home assessment will go down as housing prices go down. Ada County Assessor Bob McQuade is bracing for the annual crush of property owners angry over their annual assessment notices that come out in a month ...
2008-04-29 06:07:00 -
Fed poised to cut rates, may take a breather after that as it battles ... - Minneapolis Star Tribune
WASHINGTON - The Federal Reserve is poised to deliver another interest rate cut to millions of people and businesses this week, although that could be the last break they get for a while.
2008-04-29 04:34:00 -
Abbey grabs UK mortgage share as rivals stumble - Guardian Unlimited
Thousands of mortgage products have been withdrawn from the UK market in recent months and lenders have raised interest rates as a credit crunch has increased funding costs and the UK housing market and economy have slowed.
2008-04-29 03:58:00 -
Security Bank Corporation Announces $40 Million Subordinated Debt ... - MSN MoneyCentral
MACON, Ga., April 29, 2008 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC), as part of a comprehensive plan to enhance and strengthen its capital levels, announced today it has issued $40 million of subordinated notes from a newly formed ...
2008-04-29 05:31:00