Mortgage and Financial News From 2008-6-9 Page 15
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IFG sells stake in Seniors Money (Ireland Business World)
Finance group, IFG, has sold its 50pc stake in Seniors Money Ireland, the home equity release provider for the over 65s, as the credit crunch continues to affect funding.
2008-06-09 01:27:07 -
Auto Loan Refinance to Reduce Monthly Payments (Elk Grove Citizen)
(ARA) - If high gas prices coupled with a big monthly car payment have you thinking that it might be time to trade in your truck or SUV, you'll be happy to know there is an alternative.
2008-06-09 01:31:53 -
Banks push Flaherty to ease lending costs (The Globe and Mail)
Canada's big banks are pressing Ottawa to take measures to ensure they continue to have access to cheap funding in the wake of the financial crisis that's been rocking the world's financial institutions.
2008-06-09 01:38:43 -
Who dropped the ball? (Las Vegas Sun)
Mon, Jun 9, 2008 (2 a.m.) Banks and other mortgage lenders are turning out to be lousy neighbors. Foreclosed homes featuring brown lawns and fetid swimming pools litter the Las Vegas Valley because the lenders that hold title have failed to keep the properties up.
2008-06-09 01:49:37 -
Banks push Flaherty to ease lending costs (The Globe and Mail)
CEOs to huddle with Finance Minister today to pitch for greater access to mortgage financing pool
2008-06-09 01:51:01 -
Aggressive pricing means houses are on the move again (The Sarasota Herald-Tribune)
In these relatively gloomy times for real estate, an astounding thing happened here in April: an increase in home sales.
2008-06-09 01:51:04 -
Assessments must be fair to home owners - Detroit Free Press
Home owners have a strong self-interest in maintaining effective local governments and schools. Good services and high-performing students contribute mightily to property values. But, more honestly, most home owners also can't stand to watch their ...
2008-06-09 12:32:00 -
S Korea: Top priority to be given to price stability - Xinhua News Agency
SEOUL, June 9 (Xinhua) -- South Korea will put price stability as the country's top priority in its interest rate and currency policies as surging oil and commodity prices threat the living of ordinary citizens, the South Korea's Finance Minister ...
2008-06-08 07:10:00 -
SKorean shares sharply lower at midday on oil price concerns - Forbes
SEOUL (Thomson Financial) - South Korean shares were sharply lower at midday on Monday as investors sold local stocks and sought safer assets on fears that oil prices could rise further and spark stagflation, or a period of rising prices and slowing ...
2008-06-08 10:45:00 -
Bonds Sound Diverse Alarms - Wall Street Journal
Stock investors looking for good news after Friday's rout in the U.S. won't be happy with the message coming from global bond markets. Economic strength outside the U.S. has been a source of stability for corporate earnings amid the turmoil of the ...
2008-06-08 11:56:00 -
Credit card rules targeted - Detroit Free Press
Currently in the United States, there's more than $900 billion in outstanding debt, much of it at interest rates well above 15%. The Fed's proposed rule changes do offer some solid consumer protections:
2008-06-09 12:32:00 -
UPDATE 1-S.Korea consumer sentiment at 3-yr low on oil scare - Reuters UK
SEOUL, June 9 (Reuters) - South Korea's consumer expectation index fell to its lowest in over 3 years in May as soaring oil and food prices clouded an economic outlook already mired by the U.S. subprime mortgage crisis, official data showed on Monday ...
2008-06-08 11:35:00 -
Treasuries Little Changed on Concern U.S. Home Resales Dropped - Bloomberg
June 9 (Bloomberg) -- Treasuries were little changed on speculation an industry report today will show the worst housing slump in a quarter century is slowing the U.S. economy. Investors may seek the relative safety of government debt as Asian stocks ...
2008-06-09 12:11:00 -
FOREX-ECB rate hikes bets propel euro higher - Reuters
LONDON, June 9 (Reuters) - The euro hit a six-week high versus the dollar and a five-month peak against the yen on Monday, propelled higher by expectations of a European Central Bank rate hike next month. Prospects of such a move were flagged up on ...
2008-06-09 12:32:00 -
Japanese economy at a 'turning point,' government says (International Herald Tribune)
The longest postwar economic expansion in Japan may be over, as record crude oil and raw materials costs discourage companies from hiring and spending, according to a government report released Monday.
2008-06-09 12:30:00