Mortgage and Financial News From 2008-4-26 Page 3
Previous Day: 2008-04-25
Return to the mortgage news archive home.
-
Offset Mortgage Centre Release a New Guide about a Discount Offset ... - WebWire
Offset Mortgage Centre, offset & flexible mortgage experts, are proud to have released a new guide about Offset Mortgage Rates. The latest addition to the series is an in-depth article about a Discount Offset Mortgage, explaining the basic concept ...
2008-04-26 10:57:00 -
UPDATE 2-Genworth Financial 1st quarter net down 64 percent - Reuters UK
NEW YORK, April 24 (Reuters) - U.S. life and mortgage insurer Genworth Financial Inc (GNW.N: Quote , Profile , Research ) said on Thursday net income fell 64 percent in the first quarter, hurt by weakness in its mortgage insurance business and ...
2008-04-24 02:48:00 -
How are you coping with the high interest that been raised 3 times? - Commerce Journal
I'm in Australia, and just over 12 months ago, we got our first homeloan, at a fantastically cheap 7.51%. Currently, we're paying 8.88% on that loan. Interest rates have gone up four official times since we got the loan (thanks to the Reserve Bank of ...
2008-04-26 01:49:00 -
Hamish McRae: If Germany offers a window on global financial health ... - The Independent
In Britain there is a clear distinction between what is happening in the housing market and what is happening to the real economy. News on the former is still pretty grim, whereas things such as retail sales and exports seem to be holding up ...
2008-04-26 03:43:00 -
U.S. Money Managers See Stocks Up 10% by Mid-'09, Barron's Says - Bloomberg
April 26 (Bloomberg) -- U.S. stock markets, hammered by the subprime mortgage crisis and a slowing domestic economy, may recover this year and post gains of about 10 percent by mid-2009, a group of money managers and strategists told Barron's. ``When ...
2008-04-26 01:56:00 -
Brokerage Barons See Washington Making a Slow Recovery - Washington Post
John McEnearney of McEnearney Associates, left, and P. Wesley Foster Jr. of Long & Foster say they're finding it tough to make a profit. (By Dayna Smith For The Washington Post) With hope of gaining perspective on the Washington-area housing market ...
2008-04-26 01:20:00 -
What the bail-out means for you - Times Online
HOMEOWNERS were warned last week the Bank of England’s £50 billion bail-out for banks was unlikely to lead to lower mortgage rates, at least in the short term, writes Elizabeth Colman. We answer your questions. What is the Bank of England offering ...
2008-04-26 02:03:00 -
Governor throws support behind payday lending rate cap - Fremont News-Messenger
COLUMBUS, Ohio (AP) — Gov. Ted Strickland says he supports a 36 percent annual rate cap on payday lending. Strickland outlined his position in a letter Friday to the Ohio Coalition for Responsible Lending, which has been lobbying lawmakers to pass ...
2008-04-26 06:46:00 -
Lenders 'failing borrowers' - Edinburgh News
SOME lenders in the mortgage market are guilty of "significant failings" when advising borrowers, the Financial Services Authority warned today. The regulator found around two thirds of the mortgage lenders it sampled did not have satisfactory ...
2008-04-26 02:03:00 -
HBOS to reveal new writedowns as investors fear rights issue - The Independent
Investors will find out on Tuesday the extent of further write- downs at HBOS, owner of the UK's biggest mortgage lender, the Halifax, amid concerns the bank will launch a rights issue. At its annual meeting in Glasgow, chief executive Andy Hornby ...
2008-04-26 03:36:00 -
Repossessions set to soar as costs spiral - Guardian Unlimited
Homeowners face the threat of soaring repossessions this year, with a 25 per cent increase in the number of properties expected to be seized by the banks and building societies as mortgage costs remain stubbornly high. According to a report today ...
2008-04-26 04:19:00 -
A £50bn injection, but the patient won't be up and about soon - The Independent
The Bank of England is trying to get lenders back to work by swapping gilts for 'toxic' assets. Simon Evans asks if it has left the cure too late Last summer Mervyn King, Governor of the Bank of England, tied the knot with his long-term partner ...
2008-04-26 03:43:00 -
2-year term given in fraud - Baltimore Sun
A Florida woman whose son is alleged to be a major drug dealer was sentenced yesterday in U.S. District Court in Baltimore to two years in prison for wire fraud in a mortgage fraud scheme, according to the U.S. attorney's office. Yolanda Crawley, 59 ...
2008-04-26 03:05:00 -
Big mortgage wins boost Abbey profits - Times Online
ABBEY is expected to reveal a jump of almost 20% in first-quarter profits this week, after picking up mortgage customers from struggling rivals. The bank, owned by the Spanish financial giant Santander, has grabbed between 15% and 20% of the UK ...
2008-04-26 01:49:00 -
The mortgage lenders’ hall of shame - Times Online
HALIFAX, Britain’s biggest mortgage lender, has emerged as the worst offender in a survey of how banks and building societies have treated borrowers in the credit crunch. It has raised rates on two-year tracker deals by up to 1.15 points since the ...
2008-04-26 02:03:00