Mortgage and Financial News From 2008-2-7 Page 12

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  • New Zealand Government Rolls Out Support Package To Drought Hit - RTT News

    New Zealand Government Rolls Out Support Package To Drought HitRTT News, NY - 1 hour agoThe government's move followed the increase in mortgage interest rates by major banks in response to a 25bps hike in OCR by the Reserve Bank of Australia on ...
    2008-02-07 07:17:42

  • RHG rolls on after $1b NAB bailout - Sydney Morning Herald

    RHG rolls on after $1b NAB bailoutSydney Morning Herald, Australia - 57 minutes agoRHG Ltd owns the closed mortgage book of the former RAMS Home Loans Group Ltd, which was smashed by the global credit crunch soon after it listed last year. ...
    2008-02-07 07:30:03

  • Creators of Credit Crisis Revel in Las Vegas - New York Times

    Creators of Credit Crisis Revel in Las VegasNew York Times, United States - 54 minutes agoWall Street banks played a crucial role in the mortgage crisis by buying home loans and bundling them into securities. Regulators are examining whether ...
    2008-02-07 07:32:45

  • Builders Focus on Lower-Income Market - The Nica Times

    Builders Focus on Lower-Income MarketThe Nica Times, Nicaragua - 26 minutes agoHe added that less than 7000 mortgage loans have been granted in Nicaragua during the last decade. “Microcredits are short-term loans, a year or two maximum ...
    2008-02-07 08:01:10

  • Saving the home in the face of rising living costs - Sunshine Coast Daily

    Saving the home in the face of rising living costsSunshine Coast Daily, Australia - 21 minutes agoMortgage consultant Lindy Kelly, of the Loan Market Buderim, says the first piece of advice she has for people feeling stressed and pressured by this week’s ...
    2008-02-07 08:06:12

  • Australian Stocks Rise, Led by Wesfarmers, Banks; AED Drops - Bloomberg

    Australian Stocks Rise, Led by Wesfarmers, Banks; AED DropsBloomberg - 18 minutes ago... formerly Rams Home Loans Group Ltd., helping to free the Sydney-based mortgage lender from debts totaling more than A$6 billion. RHG jumped 4.5 cents, ...
    2008-02-07 08:08:54

  • Slumping sales signal US recession; slowdown spreads to Europe - World Socialist Web Site

    Slumping sales signal US recession; slowdown spreads to EuropeWorld Socialist Web Site, MI - 17 minutes agoHe said that serious mortgage delinquencies are rising on subprime loans to a rate not seen since the 2001 recession, and he noted that there are over two ...
    2008-02-07 08:09:46

  • Bipartisan vote speeds stimulus package to president for signature - San Francisco Chronicle

    Bipartisan vote speeds stimulus package to president for signatureSan Francisco Chronicle,  USA - 12 minutes agoSome of the biggest benefits will go to middle- to upper-income Americans who will be able to refinance their home loans at cheaper rates. ...
    2008-02-07 08:14:38

  • Fitch considers new securitisation measure - Business Report

    Fitch considers new securitisation measureBusiness Report, South Africa - 12 minutes ago... securitisations linked to the US subprime mortgage woes, the international rating agency revealed. Securitisation - the packaging of loans into bonds, ...
    2008-02-07 08:14:48

  • Charter Mortgage sees applications jump 81 percent - Milwaukee Business Journal

    Charter Mortgage sees applications jump 81 percentMilwaukee Business Journal, WI - 8 minutes agoCharter takes applications through its own loan officers, as well as through correspondent lenders and mortgage brokers. "By having loan officers who are ...
    2008-02-07 08:18:47

  • Australia Plans Measures Forcing Banks To Cut Exit Fees For Borrowers (Nasdaq)

    (RTTNews) - The Australian Government is preparing measures that will enable customers to shift bank loans with minimum penalty, Finance Minister Lindsay Tanner said Friday.
    2008-02-07 07:47:29

  • Seniors, vets to get stimulus rebates (The Pantagraph)

    WASHINGTON, D.C. -- Senate Democrats, under pressure from party colleagues in the House, agreed Thursday to an economic rescue package that would add checks for Social Security retirees and disabled veterans but leave out extended jobless benefits and additional business subsidies.
    2008-02-07 07:52:32

  • Suit Claims KB Home, Countrywide Inflated Prices (CBS 5 Bay Area)

    Two California couples are suing KB Home and mortgage lender Countrywide Financial Corp., claiming the companies schemed with real estate appraisers to inflate prices paid for homes as the housing market began to tank.
    2008-02-07 07:52:53

  • Australian Stocks Rise, Led by Wesfarmers, Banks; AED Drops (Bloomberg.com)

    Feb. 8 (Bloomberg) -- Australian stocks snapped a three-day drop, led by Wesfarmers Ltd. after it hired a former Wal-Mart Stores Inc. executive to run its Coles supermarket chain.
    2008-02-07 08:09:50

  • Package Aimed at Boosting Economy (SmartPros Accounting)

    Feb. 8, 2008 (Associated Press) What's in - and what's out of - the economic stimulus package being considered by Congress. The Senate approved its version of the plan Thursday. House leaders planned to act as early as Thursday night to send the measure to President Bush.
    2008-02-07 08:15:32

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