Mortgage and Financial News From 2008-4-25 Page 13
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Home for sale by any means - CNN Money
These sellers used unconventional means to reel in would-be buyers. Strategy: Put it on eBay When Jim and Jennifer Yeckering of Owensboro, Kentucky listed their stately 1850s home last summer, they also posted it on eBay.com. They figured: Why not ...
2008-04-25 01:26:00 -
Ohio Bank Secures Financing To Weather Mortgage Crisis - Washington Post
CLEVELAND, April 21 -- National City, the nation's 10th largest bank, announced Monday that it had secured a $7 billion capital infusion from equity investors to help it survive the home mortgage crisis, at least temporarily quashing speculation that ...
2008-04-21 05:58:00 -
NAB lifts variable mortgage interest rates - News.com.au
The rise, which takes effect on Monday, will lift its standard variable home loan interest rate to 9.46 per cent a year. The rise, announced while much of Australia was on holiday for Anzac Day, follows the ANZ Banking Group's decision yesterday to ...
2008-04-25 12:35:00 -
British home mortgage approvals hit 11-year-low - International Herald Tribune
LONDON : The number of house mortgages approved by the major banks in the United Kingdom fell to an 11-year-low in March, the British Bankers Association said Wednesday. The association said the drop was symptomatic of low liquidity in the sector, a ...
2008-04-23 02:40:00 -
19 Alabamians join Army under program providing mortgage and business ... - Everything Alabama
Nineteen Alabamians have taken advantage of the latest Army recruiting incentive, which offers them home mortgage money or business startup funds. The Army Advantage Fund program began on a test basis in early February. Five of the Army's 38 ...
2008-04-25 01:11:00 -
Toolmaker sets layoffs - Baltimore Sun
Black & Decker Corp. said yesterday that it will lay off 700 employees and close a U.S. plant and office after its first-quarter earnings were hammered by the prolonged housing slump and subprime mortgage crisis. The Towson-based manufacturer of ...
2008-04-25 12:07:00 -
Inflation concerns drive 30-year mortgage to 6.03% - Baltimore Sun
WASHINGTON - Interest rates on 30-year mortgages surpassed 6 percent for the first time in six weeks as financial markets grew more worried about growing inflation pressures. Freddie Mac, the mortgage company, reported yesterday that 30-year fixed ...
2008-04-25 12:07:00 -
Deal will steady lenders' nerves but not ease cost of home loans for a ... - Guardian Unlimited
The cost of home loans will continue to rise despite the £50bn Bank of England bail-out - that was the message from mortgage lenders and brokers yesterday. Mortgage terms have in some cases tightened to the point where they are little better than ...
2008-04-21 05:58:00 -
Housing stress levels overstated - RBA - News.com.au
Email article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? RBA says high house prices, not rates, behind rising housing costs Old stress benchmarks no longer valid In-depth ...
2008-04-24 09:58:00 -
UK lenders say unable to pass on BoE's interest rates cuts - CNBC
LONDON (Thomson Financial) - Lenders have told UK Chancellor of the Exchequer Alistair Darling that they can not immediately help struggling mortgage holders by passing on cuts in the Bank of England's interest rates, despite the BoE's liquidity ...
2008-04-23 01:35:00 -
Home-building plans hold-up - Eastern Daily Press
Building work on new housing developments could be postponed until the mortgage market improves, one of East Anglia's biggest housebuilders revealed. Persimmon plc said its £1.37bn revenues nationally were running 24pc lower this year than last ...
2008-04-24 11:31:00 -
PHH deal done in by tight credit - Baltimore Sun
The collapse of PHH Corp.'s deal to sell itself is a lesson for these credit-crunched times: If you're in the mortgage business, don't count on anyone getting the money to buy you - no matter how decent your prospects look. PHH agreed in March to ...
2008-04-24 11:53:00 -
3 jailed for mortgage fraud - Miami Herald
The architects of a $37 million mortgage fraud scheme involving luxury condos on South Beach will be spending the next several years in jail for their crimes, a federal judge decided Thursday. U.S. District Judge Jose E. Martinez sentenced former ...
2008-04-24 11:53:00 -
Homing in on the right mortgage - Baltimore Sun
I have received much e-mail lately from buyers who are worried about not being able to find a good mortgage lender. They had a bad experience with their former lender or they're nervous because of all they've been reading about big banks writing down ...
2008-04-25 12:14:00 -
Bank plan should ease credit crunch - Jenkinson - International Herald Tribune
LONDON : Liquidity crises can prove very tough to cure but the Bank of England's mortgage swap plan should help ease the credit crunch, Bank financial stability director Nigel Jenkinson said on Thursday. The Bank said this week it would allow banks ...
2008-04-24 01:27:00