Mortgage and Financial News From 2008-4-30 Page 2
Previous Day: 2008-04-29
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12
-
Mortgage Newsletter - Colleyville Courier
You Still Need To Pay Your Mortgage Use Your Skills to Generate Income. $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK. Increase loan production ...
2008-04-30 04:07:00 -
House prices fall as bank predicts credit crunch will hit UK hardest - Times Online
House prices have recorded the first annual decline since 1996 as a leading investment bank gave warning that the economy would be the worst hit by the global credit crisis. The value of an average home fell by 1.8 per cent in April, the sixth ...
2008-04-30 03:53:00 -
BoC governor Carney warns about loosening mortgage standards in Canada - CJAD
OTTAWA - Bank of Canada governor Mark Carney is concerned about the loosening standards in the Canadian mortgage system, particularly the growing popularity of mortgages amortized over a 40-year period. Carney told a Commons committee Wednesday that ...
2008-04-30 03:24:00 -
Product Shift Keeps Mortgage Firm Afloat - Wall Street Journal
At the start of last year, LoanWell Financial Corp. faced two big problems. The company was nearly out of cash. And it sold mortgages -- not exactly the type of business banks were enthused about lending to. "Nobody even wanted to talk to the guy who ...
2008-04-30 04:43:00 -
Origen Financial Announces Agreement to Sell Servicing Platform Assets ... - Forbes
SOUTHFIELD, Mich., April 30 /PRNewswire-FirstCall/ -- Origen Financial, Inc. (Nasdaq: ORGN), a real estate investment trust that is in the business of originating and servicing manufactured housing loans, today announced it has entered into an ...
2008-04-30 05:05:00 -
WSB Financial Continues to Build Reserves in First Quarter 2008 - MSN MoneyCentral
BREMERTON, Wash., April 30, 2008 (PRIME NEWSWIRE) -- WSB Financial Group (Nasdaq:WSFG), the parent company of Westsound Bank, today reported a loss in the first quarter of 2008 after significant additions to loan reserves. Based on the maturing of ...
2008-04-30 05:26:00 -
U.S. mortgage sector sees harmful mandate - Guardian Unlimited
Since Wall Street gladly bought and bundled home loans for investors during the housing boom, lenders may have felt more comfortable inflating loan amounts.
2008-04-30 06:16:00 -
Brokers in the Fast-and-Loose Lane? Run Their Licenses. - Washington Post
There are lots of proposed remedies to prevent another mortgage catastrophe like the one we're going through now. Most of the suggestions I've seen won't fix the loopholes that allowed so many borrowers to take on mortgage loans they couldn't afford ...
2008-04-30 06:45:00 -
Brown braced for Labour losses after admitting to 'mistakes' over 10p ... - The Independent
Reading: a barometer for the resurgence of Cameron's Tory party John Curtice: Cameron must show he can depose Brown Steve Richards: The spectre of national politics looms large, but this is not a vote for Cameron or Brown Adrian Hamilton: We don't ...
2008-04-30 05:05:00 -
Webster Bank cuts prime rate by quarter point to 5 percent - CNBC
NEW YORK - Webster Bank on Tuesday lowered its prime rate by one-quarter percentage point after the Federal Reserve cut its key interest rate. Waterbury, Conn.-based Webster Bank, a unit of Webster Financial Corp., said its prime rate is now 5.00 ...
2008-04-30 02:20:00 -
Westpac's Profit Increases 34% on Deposits, Loans (Update3) - Bloomberg
May 1 (Bloomberg) -- Westpac Banking Corp. , Australia's best performing bank stock the past year, said first-half profit rose on deposits and loans, helping it shrug off higher funding costs. Net income climbed to A$2.2 billion ($2.1 billion), or A ...
2008-04-30 05:55:00 -
Interest rate cut could help ARM holders - USA Today
The Federal Reserve's action on Wednesday was the latest in an interest-rate-cutting drive over eight months that's helped lower the yields that many adjustable-rate mortgages are tied to. Thanks to the Fed's cuts, the rates to which those ARMs have ...
2008-04-30 05:40:00 -
Emeritus refinances $112 million in mortgage debt - Boston Globe
SEATTLE— Emeritus Corp. said Wednesday it refinanced $112 in mortgage debt on 18 of its assisted living and senior citizen communities. The new 10-year loan was increased to $129 million and carries a fixed interest rate of 6.21 percent. The excess ...
2008-04-30 05:40:00 -
KeyCorp cuts prime rate - Boston Globe
NEW YORK— KeyCorp on Wednesday lowered its prime rate by one-quarter percentage point after the Federal Reserve cut its key interest rate. Cleveland-based KeyCorp said its prime rate is now 5.00 percent, down from 5.25 percent. The Fed cut the ...
2008-04-30 03:10:00 -
U.S. Stocks Fall as Federal Reserve Says Economy Remains Weak - Bloomberg
April 30 (Bloomberg) -- U.S. stocks fell, paring the best monthly advance for the Standard & Poor's 500 Index since 2003, after the Federal Reserve cut interest rates for a seventh time and said the economy remains weak. Citigroup Inc. , Hewlett ...
2008-04-30 05:19:00