Mortgage and Financial News From 2008-6-9 Page 3
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SC Starts Mortgage Fraud Hotline (WJBF-TV Augusta)
South Carolina is doing something new to protect the money...you put into your home. It announced a new mortgage fraud hotline, Monday, that will be working, starting Tuesday. Count on WJBF-TV News Channel 6's Capitol reporter Robert Kittle to show us why it's needed.
2008-06-09 05:21:37 -
Business in brief (Milwaukee Journal Sentinel)
LOCAL Rains lift corn prices to new records Corn prices rose to a record for a third day Monday...
2008-06-09 07:39:37 -
Track rates, closing costs to avoid overpaying on a home (USA Today)
Even in a buyer's market, you could end up paying more than you expected for a new house. Let's look at two factors that could raise the cost of buying a home and how to avoid them.
2008-06-09 08:40:07 -
Business Digest - Providence Journal
As state lawmakers prepare a budget for release this week, Rhode Island businesses began a campaign yesterday to lobby them against any new taxes or increases in taxes or fees in the coming year. The Rhode Island Chamber of Commerce Coalition, a ...
2008-06-09 05:07:00 -
Why the Economy Is Better Than You Think - US News and World Report
The media love bad news. Bad news sells. A story with the headline "America's Best Airports" probably won't be as popular as a story called "America's Worst Airports." For another example, here's a story about the U.S. economy from the latest issue ...
2008-06-09 02:08:00 -
Jumbo Reverse Mortgages, What's Happening To The Market? - HULIQ.com
But then the credit crunch came, What once was selling on Wall Street easily is now much more difficult for lenders to find investors willing to take the chance to buy. Add to that the fact that many of these loans are secured by very high value ...
2008-06-09 06:04:00 -
Big Loss at Lehman Intensifies Crisis Jitters - Wall Street Journal
Lehman Brothers Holdings Inc.'s projection Monday of a $2.8 billion quarterly loss deepened anxieties that banks and securities firms will suffer even more than expected as they slog through the credit crisis. The New York securities firm's ...
2008-06-09 05:50:00 -
Inspect your Tenant’s Apartment Before you Re-finance your Mortgage - Best Syndication
Low interest rates continue to encourage homeowners to re-finance their property. Owners use the extra cash to pay off credit card debt, complete outside repairs, replace porches, upgrade electrical wiring, install a new roof, de-lead the house ...
2008-06-09 02:58:00 -
Reuters Summit-Regional banks face bankruptcy risk - Forbes
NEW YORK (Reuters) - Regional banks exposed to deteriorating home equity loans are facing a greater risk of bankruptcy, possibly extending a U.S. credit crisis to 2010, a senior Morgan Stanley (nyse: MS - news - people ) credit analyst said Monday ...
2008-06-09 02:08:00 -
Have all the windfall shares gone bad? - Daily Telegraph
Bradford & Bingley shocked the stock market when it issued a profits warning and the bank's shares lost more than a quarter of their value. But B&B is not the only former building society that is struggling. As our table demonstrates, it has been a ...
2008-06-09 11:38:00 -
Washington Mutual Falls to Lowest in 16 Years on Loss Estimate - Bloomberg
June 9 (Bloomberg) -- Washington Mutual Inc. plunged to a 16-year low, leading a slide in mortgage companies, after UBS AG analyst Eric Wasserstrom said the Seattle-based lender is underestimating losses on home loans. Washington Mutual, known as ...
2008-06-09 05:43:00 -
Not cricket? Lehman Brothers shows how to play the game - Times Online
Most Americans are baffled that the English can maintain interest in a game of cricket lasting five days. Most Wall Streeters are equally bemused that British companies persist in raising capital through a traditional rights issue which can last ...
2008-06-09 05:36:00 -
Jeremy Warner's Outlook: Banking... the worst may be yet to come - The Independent
Now that Royal Bank of Scotland has banked the £12bn proceeds of its record-breaking rights issue, are the shares worth buying again? It's been a mug's game trying to call the bottom for financial stocks over the last six months. I know, because ...
2008-06-09 04:39:00 -
Scandinavian Inflation Probably Accelerated on Rising Oil, Food - Bloomberg
June 10 (Bloomberg) -- Inflation in Sweden and Denmark probably accelerated last month and remained at the fastest pace in six years in neighboring Norway, intensifying pressure for higher interest rates. Sweden's underlying inflation rate rose to 2 ...
2008-06-09 04:39:00 -
Foreclosures become forgotten burdens in neighborhoods - USA Today
Not long after the house next door to Amy Selheimer's just outside the Newark, Del., city limits went through foreclosure, she approached a civic association member about its increasingly unkempt yard. Selheimer was told that she and her neighbors ...
2008-06-09 04:39:00