Mortgage and Financial News From 2008-6-9 Page 12
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B&B raises mortgage rates as Egg pulls out of market - Guardian Unlimited
Bradford & Bingley yesterday sought to shore up its fragile finances with a hike in interest rates of up to 0.55% across its range of mortgages. The lender, which stunned investors this week with a heavy cut in profits, said the move followed similar ...
2008-06-07 03:44:00 -
Charcol boss Ian Kennedy to exit as mortgage slowdown hits - Times Online
The chief executive of one of the UK's biggest brokers is set to be shown the door by the end of the week as the slowdown in the mortgage sector worsens. John Charcol is expected to announce that Ian Kennedy will leave, following a turbulent round of ...
2008-06-09 05:40:00 -
To Cope with Oil Shock, Emulate Japan (Environmental News Network)
With the price of oil rocketing to the unprecedented level of $130 a barrel, there is a talk of another oil shock. Unfortunately, unlike past instances, this one is unlikely to subside, and may indeed keep intensifying. The only way out is for Western nations, the gluttonous users of petroleum, to cut their consumption and emulate Japan in its consistent drive for energy efficiency and alternate ...
2008-06-09 06:12:16 -
Save Big on New Cars (KiplingerForecasts.com)
The economic slump has many vehicles going for near-invoice prices. Plus, rebates and low-rate financing deals abound.
2008-06-09 06:15:02 -
Hot Time in the Old Town (Valley News)
-- Three seniors -- including a young woman from Etna -- shared the title of valedictorian at yesterday's Dartmouth College graduation, marking the first time in the school's recorded history that a trio of students attained the top honors, receiving an “A” in each class they took.
2008-06-09 06:19:00 -
Potential Future Hyperinflation (Baltimore Chronicle & Sentinel)
Walter "John" Williams thinks out of the box. He makes disquieting reading, but you won't find him in the mainstream. At least not often. He runs a "Shadow Government Statistics" site with an electronic by-subscription newsletter. Anyone can access some of his data and occasional special reports.
2008-06-09 06:50:54 -
FTSE seen ending year slightly down (Interactive Investor)
Mon 09 Jun, 2008 13:22
2008-06-09 06:51:56 -
S&P cuts crucial ratings on more bond insurers (AP via Yahoo! Finance)
Credit ratings agency Standard & Poor's said Friday evening it cut the financial strength ratings of bond insurers XL Capital Assurance and CIFG Guaranty, while placing a negative watch on Financial Guaranty Insurance Co.
2008-06-09 06:52:51 -
FTSE seen ending year slightly down (Reuters.co.uk)
LONDON (Reuters) - The FTSE 100 share index is expected to end the year slightly lower than where it started and strategists see only a small upturn by mid-2009 as a sharp economic slowdown is increasingly likely, a Reuters poll showed.
2008-06-09 06:56:34 -
B&B: What does it mean to you? - This is Money
Bradford & Bingley set alarm bells ringing when it revealed an £8m loss in the first four months of the year, due largely to rising arrears on buy-to-let lending. The bank, with 2.5m savers and about £23bn in deposits, quickly reassured worried ...
2008-06-09 03:38:00 -
Can't pay mortgage? Seek new loan plan - Poughkeepsie Journal
Rising payments from adjustable-rate mortgages, mounting job losses and an epidemic of unaffordable loans have thrown more homeowners into a dire situation: They're no longer able to pay. So what should you do if you absolutely can't pay your ...
2008-06-08 11:56:00 -
Broker's mortgage-loan advice no longer valid - AZCentral.com
The letter from the big-bank broker who arranged my mortgage offered to help me rearrange my loan to take advantage of low interest rates. "Make sure you take advantage of some of the lowest fixed rates seen in months," the P.S. urged me. "Don't wait ...
2008-06-08 08:36:00 -
Taiwan May exports up 20.5 pct on year vs 14.0 pct rise in April - UPDATE2 (The Forex Market)
TAIPEI (XFN-ASIA) - Taiwan's exports grew 20.5 pct year on year in May to 23.60 bln usd, compared with a 14.0 pct rise to 22.59 bln in April, the Ministry of Finance (MoF) said.
2008-06-09 02:28:28 -
Ahead of the Bell: Pending Home Sales (The Forex Market)
WASHINGTON (AP) - The April reading of an index that tracks pending U.S. home sales is forecast to remain steady at a record low as the housing market remains stuck in a deep slump.
2008-06-09 03:43:27 -
Dear Jessica: readers' letters to Jessica Gorst-Williams (Daily Telegraph)
Jessica helps a reader achieve a payout of £16,670 on a critical illness policy and steps in when a Card provider has memory of a Goldfish.
2008-06-09 03:44:34