Mortgage and Financial News From 2008-1-15
Previous Day: 2008-01-14
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U.K. Inflation Unexpectedly Holds Above Bank of England Goal
Bloomberg - House prices dropped in the fourth quarter for the first time since 2000, according to HBOS Plc, and contagion from the U.S. subprime mortgage slump is making mortgages more expensive. ``The challenge for the Monetary Policy Committee at ...
2008-01-15 01:42:00 -
Bankrupt companies choose Del. to file
Delaware Online - Delaware's Bankruptcy Court is once again the preferred emergency room for big businesses in serious financial health, particularly subprime home mortgage lenders. In 2007, nearly 80 percent of major companies that sought bankruptcy protection in the ...
2008-01-15 12:38:00 -
Home sales lag in county
Poughkeepsie Journal - His bank doesn't make home mortgage loans. "Thank God I never got into this market, because you can't make any money," he said.
2008-01-14 11:48:00 -
13% drop in existing-home sales forecast
Chicago Tribune - Existing-home sales will fall 13 percent this year before recovering in 2009, according to a forecast by the Mortgage Bankers Association, the industry's largest trade group. Sales of previously owned homes probably will drop to 4.94 million from 5 ...
2008-01-14 11:55:00 -
Bush, Congress Find Economy Is Pushing Them Toward Compromise
Bloomberg - Jan. 15 (Bloomberg) -- President George W. Bush and Congress return to Washington this week to face the prospect of recession and rising home-mortgage foreclosures that may push them toward compromise. House Speaker Nancy Pelosi of California and ...
2008-01-14 11:34:00 -
Nomis Solutions Raises Strategic Value of Pricing for the ... - PR Web (press release)
Nomis Solutions Raises Strategic Value of Pricing for the ...PR Web (press release), WA - 1 hour agoThe suite includes specific solutions for auto finance, home equity lending, personal lending, mortgage, and deposits. Each solution delivers quick ...
2008-01-15 12:24:47 -
Dr. Peter Morici: The Federal Reserve needs more than a new ... - FinFacts Ireland
Dr. Peter Morici: The Federal Reserve needs more than a new ...FinFacts Ireland, Ireland - 1 hour agoHowever, financial engineers at Countrywide, Bear Stearns and other banks incubated creative mortgage products that artificially elevated home affordability ...
2008-01-15 12:42:05 -
Business Briefs - Santa Cruz Sentinel
Business BriefsSanta Cruz Sentinel, CA - 56 minutes ago... that distressed borrowers who sold their home in a "short sale" last year still must pay state income taxes on the mortgage debt forgiven by the lender. ...
2008-01-15 01:04:05 -
Missouri Governor Blunt Announces Plan to Protect Missouri ... - All American Patriots (press release)
Missouri Governor Blunt Announces Plan to Protect Missouri ...All American Patriots (press release), Sweden - 53 minutes ago... by Missouri Governor Matt Blunt, those who commit mortgage fraud against Missouri homebuyers could soon be living in a new home themselves: prison. Gov. ...
2008-01-15 01:06:34 -
Markets News Tuesday: Citi bad news awaited; Markets fall in Asia ... - FinFacts Ireland
Markets News Tuesday: Citi bad news awaited; Markets fall in Asia ...FinFacts Ireland, Ireland - 41 minutes agoFor live currency updates, check the right-hand column of the Finfacts home page. Crude oil for February delivery is trading on the New York Mercantile ...
2008-01-15 01:18:56 -
Northern Rock faces crucial shareholder meeting - Irish Times
Northern Rock faces crucial shareholder meetingIrish Times, Ireland - 30 minutes agoNorthern Rock is Britain's fifth biggest mortgage lender but following financial crisis last September it was forced to seek emergency support from the Bank ...
2008-01-15 01:30:14 -
Taylor Wimpey Says FY07 Results Will Meet Expectations - Update [TW.L] - RTT News
Taylor Wimpey Says FY07 Results Will Meet Expectations - Update [TW.L]RTT News, NY - 28 minutes agoLooking ahead to 2008, the company anticipates a slow start to the spring selling season in the UK, with interest rates and mortgage availability being ...
2008-01-15 01:31:44 -
Northern Rock faces key vote as takeover hopes dim - Reuters
Northern Rock faces key vote as takeover hopes dimReuters - 22 minutes ago... fifth-largest mortgage lender will be brought under state control, hundreds of small investors are set to attend Tuesday's meeting in the bank's home ...
2008-01-15 01:38:08 -
O'Malley proposes mortgage reforms - Salisbury Daily Times
O'Malley proposes mortgage reformsSalisbury Daily Times, MD - 15 minutes ago"They need to do it," said Charlene Williams of Capitol Heights, who signed away her childhood home last year after falling behind on mortgage payments but ...
2008-01-15 01:44:33 -
Housing Market Tracker - Sales/Prices Outlook - Seeking Alpha
Housing Market Tracker - Sales/Prices OutlookSeeking Alpha, NY - 10 minutes ago15th) MBA Predicts Fewer Loan Originations in 2008 Mortgage Bankers Association: "We expect housing starts and home sales to continue to trend down and ...
2008-01-15 01:49:50