Mortgage and Financial News From 2008-9-4 Page 8
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Fraud focus on deals to boost home sales - Times Online
Property developers offering cash and other perks in an attempt to attract homebuyers will have to give mortgage lenders full details of their “give-away” deals as part of an antifraud initiative launched yesterday. It follows a sharp increase in ...
2008-09-01 05:58:00 -
An ominous trend to watch: Corporate loan defaults - International Herald Tribune
NEW YORK : The weak go first, and people take comfort from the very weakness of the fallen. The fact that it is only the weak who are suffering is taken as proof that there is no general problem. That is how it was with the mortgage mess, which is ...
2008-09-04 12:54:00 -
Even Now, an ARM Could be Right for You - CNBC
Once the darling of the mortgage industry, adjustable-rate mortgages are getting tougher to obtain. Savvy -- and qualified -- buyers, however, still may find them worth the hunt. Adjustable-rate mortgages, known as ARMs, have been shouldering much of ...
2008-09-04 10:31:00 -
Fed report on economy doesn't always match local perceptions (Atlanta Journal-Constitution)
The economy has been shuffling along this summer, and Atlanta's story was not much different from that of the nation, according to a report issued Wednesday by the Federal Reserve Bank. Known as the Beige Book, the latest periodic report includes snapshots from a dozen Fed branches and discussion of key economic sectors. What it doesn't have is a lot of upbeat chatter.
2008-09-04 10:43:29 -
ECB Will Tighten Lending Rules to Stop Bank Abuse (Update2) (Bloomberg.com)
Sept. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet made it harder for financial institutions stung by the year-long credit crisis to exploit its lending rules.
2008-09-04 10:47:46 -
(AFX UK Focus) 2008-09-04 19:01 ECB rules seen hitting Spain's savings banks (Interactive Investor)
LONDON, Sept 4 (Reuters) - Spanish savings banks, such as Caja de Ahorros del Mediterraneo, are likely to be hit hard by new European Central Bank (ECB) rules to tighten its lending to banks, market and banking sources said.
2008-09-04 11:26:47 -
Real Estate (Mondaq)
Last month, our second bulletin dealt with the types of remedies that are available to a lender in Ontario when there has been a default under the mortgage that has not been satisfactorily resolved following notice by the lender.
2008-09-04 11:28:09 -
Canada’s Economy Takes Stage as Election Call Nears (The Epoch Times)
Comments by leaders of Canada’s main political parties suggest the economy will be key to the coming campaign.
2008-09-04 11:47:49 -
UK CBI Chief Says No Silver Bullet For UK Housing Woes (Nasdaq)
LONDON -(Dow Jones)- The head of leading U.K. business lobby group, the Confederation of British Industry, seemed to weigh in against government intervention to revive the housing market Thursday, saying there are no "silver bullets" to end the sector's woes.
2008-09-04 12:22:14 -
Lehman May Shift $32 Billion of Mortgage Assets to `Bad Bank' (Bloomberg.com)
Sept. 4 (Bloomberg) -- Lehman Brothers Holdings Inc. may shift about $32 billion of commercial mortgages and real estate to a new company that will be spun off in a move similar to the good-bank-bad-bank model used in the 1980s banking crisis, two people briefed on the discussions said.
2008-09-04 12:23:53 -
Donald Trump to save Ed McMahon's house - again (Newsday)
2008-09-04 12:38:39 -
An ominous trend to watch: Corporate loan defaults (International Herald Tribune)
Corporate loans now looks like mortgages a year ago. Defaults are on the rise, but they are concentrated among small companies in industries with big problems and haven't produced big headlines.
2008-09-04 01:11:11 -
Home, Sweet Hell (Metro Santa Cruz)
Alberto and Rosa Ramirez's fuzzy sport socks radiate white, their sandals glossy new-car black. But the bottoms of their jeans bear the inevitable earthen stains of their work in the fields. They are, after all, strawberry pickers.
2008-09-04 01:19:44 -
House prices fall 12.7% - MSN UK News
Average house prices have dropped 12.7 per cent in the last 12 months, according to mortgage lender Halifax. The cost of a home slid by a further 1.8 per cent in August to leave the average property costing £174,178. Annual house price inflation ...
2008-09-04 04:40:00 -
Media Alert: Ray of Hope in Subprime Crisis; Leading Mortgage Loan ... - MSN MoneyCentral
The finding represents a ray of hope in the subprime crisis and suggests a practical approach to keeping homeowners in their homes and protecting lenders ’ and investors ’ income. According to Ocwen Financial Corp. OCN , a leading servicer of ...
2008-09-04 08:50:00