Mortgage and Financial News From 2008-4-11 Page 01
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Living costs crunch prompts Europe-wide strike threats (Philippine Daily Inquirer)
PARIS -- Inflation in Europe, far from being throttled as suggested in some quarters only 18 months ago, is alive and kicking hard at the middle classes as well as ordinary workers.
2008-04-11 08:43:42 -
The Glass Half Full: Anatomy of a Global Financial Crisis (The Globalist)
As the credit market turmoil persists and approaches its first anniversary, we may have entered into the second half, or the long tail end, of its unfolding saga. As Hung Tran argues, there seems to be some light — however dim — at the end of the tunnel.
2008-04-11 09:13:23 -
Even Renters Aren?t Safe (New York Times)
The subprime crisis is affecting tenants, too, as landlords default on their mortgages.
2008-04-11 09:45:25 -
How to Jointly Own a Home and Still Be Friends (NYTimes.com via Yahoo! Finance)
Teaming up with friends or relatives to buy a second home can prove a boon to the pocketbook and the relationship, but only if ground rules are established before the first check is written.
2008-04-11 10:40:02 -
McCain defends his plan for homeowners (Houston Chronicle)
Republican John McCain defended his latest plan to help some homeowners pay their mortgages, saying Friday it was not a reversal of his earlier opposition to aggressive intervention by the government.
2008-04-11 10:48:29 -
G.E. Earnings Drop, Raising Broader Fears (NYTimes.com via Yahoo! Finance)
Sharply disappointing results at a company widely viewed as a bellwether underscore the damage done by the credit crisis throughout the economy.
2008-04-11 09:39:05 -
Business Briefs (The Post and Courier)
NEW YORK — Wall Street stumbled Friday after a disappointing profit decline from bellwether General Electric stoked concern about corporate profits and the economy. The Dow Jones industrials gave up more than 250 points.
2008-04-11 09:43:24 -
Checklist (The Washington Times)
Regional
2008-04-11 09:46:24 -
But now that financing has dried up (Winchester Star)
Winchester - Recent changes in lending standards have taken the real estate industry back to the days when money down was required to qualify for a home loan.
2008-04-11 09:46:27 -
CreditCards.com: Weekly Credit Card Rate Report (InfoBolsa)
10/04/2008 20:20:00 Business Wire US1925761066 Annual percentage rates for select major credit card categories were mostly unchanged to lower this week, as Federal Reserve minutes revealed internal disagreement about the size of last month s three-quarter point interest rate cut.
2008-04-11 03:22:12 -
Home foreclosures soar ... Rates in tri-county area mirror national trends (The Post and Courier)
Home foreclosures in the Charleston area rose dramatically during the first three months of this year, mirroring national trends and reinforcing worries about the shaky U.S. economy. Lenders filed foreclosure proceedings on 874 residential properties in the tri-county area in the first quarter, according to statistics compiled by The Post and Courier.
2008-04-11 09:49:57 -
Consumers Ready To Say The 'R' Word (Forbes)
University of Michigan survey shows consumer confidence at a 26-year low.
2008-04-11 05:11:23 -
G7 cuts growth view, shows worry on US dollar drop (The Times of India)
The finance ministers and central bankers also expressed concern about sharp fluctuations in currency markets since the Group of Seven last met in Tokyo in February.
2008-04-11 07:51:39 -
G7 cuts growth view, shows worry on U.S. dollar drop (KPLC Lake Charles)
By Louise Egan and Gernot Heller WASHINGTON (Reuters) - Finance chiefs from rich nations offered a gloomier assessment of the global economy on Friday and vowed to act swiftly on...
2008-04-11 08:06:12 -
Fitch: Housing Woes & Slumping Economy Mean Double Trouble for U.S. . Homebuilders (InfoBolsa)
Homebuilders 11/04/2008 17:14:00 Business Wire As the U.S. housing continues its steep cyclical decline, a few positive signs have emerged, though it looks likely that the housing contraction will extend through 2008, according to Fitch Ratings in its latest edition of Chalk Line .
2008-04-11 09:51:07