Mortgage and Financial News From 2008-4-30 Page 5
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Pushcarts Give Way to High-End, High-Rent Boutiques (NYTimes.com via Yahoo! Finance)
On Manhattan’s Lower East Side, rent increases of 40 percent are common as long leases end and buildings change ownership after years in the same family.
2008-04-30 01:38:03 -
Bush Says Pain From Economy Defies Easy Fix (NYTimes.com via Yahoo! Finance)
President Bush accused the Democratic-controlled Congress of stalling on bills that would address pocketbook issues.
2008-04-30 01:38:04 -
Confidence Falls as Home Prices Decline (NYTimes.com via Yahoo! Finance)
Americans’ confidence in the economy plunged again this month, and their homes lost value at the fastest rate in two decades, according to two reports released on Tuesday.
2008-04-30 01:38:04 -
The Road to a Jumbo Mortgage Was Supposed to Get Easier (NYTimes.com via Yahoo! Finance)
The effort to make it easier to get loans over $417,000 has yielded frustration, with many saying the loans are not available or the rates are far higher than they expected.
2008-04-30 01:38:04 -
Standard Life figures beat expectations (The Herald)
Standard Life shares edged up 1.1% yesterday after the company surpassed expectations with its sales figures but warned that future performance would depend on the state of equity markets.
2008-04-30 01:47:57 -
Citigroup Increases Stock Offering to $4.5 Billion (Update4) (Bloomberg.com)
April 30 (Bloomberg) -- Citigroup Inc. , under pressure to bolster capital depleted by mounting losses, sold $4.5 billion of stock, 50 percent more than it planned.
2008-04-30 01:49:02 -
Federal Reserve Cuts Interest Rates By Another Quarter-Point (Nasdaq)
(RTTNews) - The Federal Reserve announced Wednesday that, as expected, it was lowering its benchmark interest rate by another quarter percentage point.
2008-04-30 01:50:39 -
Stocks End Lower Following Interest Rate Cut - U.S. Commentary (Nasdaq)
(RTTNews) - Wall Street ended Wednesday's session modestly lower after seeing strength throughout most of the trading day. The selling pressure was seen following the Federal Reserve's announcement that it cut interest rates by 25 basis points.
2008-04-30 01:51:50 -
Philadelphia area's foreclosure rate drops 30% - Philadelphia Inquirer
The Philadelphia region's first-quarter foreclosure rate fell almost 30 percent from the same period a year earlier, bucking a national trend that saw filings rise to one in every 194 U.S. households. The rate puts Philadelphia 82d on a list of 100 ...
2008-04-30 09:19:00 -
Defaults on Insured Mortgages Rise 37% in Past Year (Update1) - Bloomberg
April 30 (Bloomberg) -- Defaults on privately insured U.S. mortgages rose 37 percent in March from a year earlier for their 15th straight increase, according to an industry report released today. The number of insured borrowers more than 60 days late ...
2008-04-30 09:55:00 -
Madrid shares rebound to session highs at close ahead of U.S. Fed ... - Forbes
MADRID (Thomson Financial) - Shares closed higher and at session highs, rebounding from earlier losses ahead of a decision on U.S. interest rates by the Federal Reserve, with BME leading gains, while Repsol YPF (nyse: REP - news - people ) was lower ...
2008-04-30 10:09:00 -
Esmark accepts buyout offer from Indian company - Forbes
Steelmaker and distributor Esmark Inc. said Wednesday it has accepted a cash buyout offer valued at about $669 million from India's Essar Steel Holdings Ltd. Esmark said Wednesday its board unanimously accepted a buyout offer of $17 per share. The ...
2008-04-30 09:55:00 -
Stocks Up on GDP Data - BusinessWeek
Stocks were trading higher on Wednesday, buoyed by a preliminary report that first-quarter U.S. gross domestic product rose by a better than expected 0.6%, and ADP's private employment index that showed a 6,000 rise in payrolls in April. Some market ...
2008-04-30 11:14:00 -
3 Ways to Make the Fed's Moves Work for You - US News and World Report
Consumers still have the chance to negotiate favorable interest rates, which are close to historic lows. Now is the perfect time to call credit card companies to ask for lower rates, lock in favorable financing on car loans, or refinance homes. But ...
2008-04-30 11:35:00 -
TABLE-U.S. mortgage applications fell in week-MBA - Forbes
Select seasonally adjusted historical data from the Mortgage Bankers Association's (MBA) mortgage applications survey: WEEK 4-WEEK WEEK WEEK WEEK 30-YEAR 1-YEAR WEEK MARKET CHG MOVING CHG PURCHASE CHG REFINANCE CHG MTG CONTRACT ARM CONTRACT ENDING ...
2008-04-30 04:19:00
