Mortgage and Financial News From 2008-4-11 Page 5
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Real Estate and Development (In Business Las Vegas)
Although housing sales remain slow and prices continue to drop, real estate investors such as Jeff Adams are continuing to sift through inventory looking for bargains.
2008-04-11 09:31:16 -
A million home buyers won't be able to get a mortgage deal unless Bank pours more money into system, loans chief warns (Evening Standard)
Britain's mortgage drought could leave up to one million people unable to get a loan this year, a leading industry expert has warned.
2008-04-11 09:46:34 -
Mortgage lending set to fall by half in 2008 (Channel 4)
Mortgage lendng could fall by half this year if the Bank of England doesn't step in, the Council of Mortgage Lenders (CML) has warned.
2008-04-11 09:47:41 -
Real Estate Weekly: Real Estate Weekly: No-down mortgages down for the count? (Market Watch)
You're not going to find many lenders today making no-down-payment mortgages. You may hear or see such loans advertised, but don't kid yourself: You're not likely to get one unless your credit is spotless, your income high and your finances well-document -- and if you have those things you probably can afford a down payment anyway.
2008-04-11 10:03:03 -
Bank's market arsenal in focus after rate cut (Reuters via Yahoo! UK & Ireland News)
The Bank of England has acknowledged the credit crisis is worsening but it may need sharper implements than interest rates to head off a severe consumer-led slowdown.
2008-04-11 10:04:00 -
Economic Dominoes: is Britain Next? (Commercial Property News)
Maybe. The Bank of England's Monetary Policy Committee has just reduced the Bank Rate to 5 percent, marking a .25 decrease from the previous lowered ate of 5.25 percent, which was set in February.
2008-04-11 10:05:05 -
Lenders urge Bank to act now on credit (Reuters.co.uk)
LONDON (Reuters) - Mortgage lenders called on the "cautious and slow" Bank of England on Friday to increase efforts immediately to ease the credit crunch, warning of a danger of home loans halving from last year's levels.
2008-04-11 10:18:02 -
Peru's Sol Drops After Central Bank Raises Reserve Requirement (Bloomberg.com)
April 11 (Bloomberg) -- Peru's sol declined after the central bank tripled the reserve requirement on foreigners' deposits in local banks to curb investment in the country's fixed-income market.
2008-04-11 10:17:02 -
Residential property sales slowing down (SABC News)
The boom in the residential property market has come to an end as estate agents are reporting changes in sales of homes. The lower end of this market is said to be suffering the most and the latest interest rate hike is expected to make matters worse.
2008-04-11 10:19:28 -
UK Darling:Won't Rule Out Any Options For Helping Mtge Market (Nasdaq)
WASHINGTON -(Dow Jones)- The U.K. government won't rule out any options on helping the domestic mortgage market, including the idea of using taxpayer money to buy mortgage-backed securities, U.K. Chancellor of the Exchequer Alistair Darling said Friday.
2008-04-11 10:21:01 -
Unity needed for meaningful immigration reform (AG Weekly)
Reading the Ag Weekly has been a great pleasure, especially to read your favorable articles concerning immigration. Sadly, only Senator Larry Craig is willing to support meaningful, positive reform. There is not a large amount of support in the general public either.
2008-04-11 10:19:32 -
Commodities prices plunge on stronger dollar, fund selling (AG Weekly)
NEW YORK — Commodities prices plummeted Thursday, with precious metals, agriculture and crude oil futures all falling sharply as a rebounding dollar led to heavy selling of hard assets.
2008-04-11 10:21:26 -
Banks set to stumble again (CNN Money)
When Citigroup and Merrill Lynch each fessed up to nearly $10 billion in losses last quarter investors believed that they had finally scrubbed their books clean.
2008-04-11 10:21:54 -
The Yin and Yang of US Debt (YaleGlobal Online)
BERKELEY: American homeowners worried about dwindling property values and the burden of adjustable-rate mortgages may not care to know what made their mortgages so affordable.
2008-04-11 10:26:01 -
Bleed reflects on her time as DNR director (Columbus Telegram)
She arrives promptly for a 9 a.m. appointment, clutching the leather-bound planner that reminds her she originally was sup...
2008-04-11 10:26:24