Mortgage and Financial News From 2008-6-9 Page 8
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South Africa: Repo Rate Overkill By Bank Will Do Country No Favours (AllAfrica.com)
INFLATIONARY pressures are mounting and SA's honeymoon with inflation targeting is clearly over. The important question is how the Reserve Bank should react.
2008-06-09 04:15:38 -
It's all relative: study reveals our most affordable suburbs (Sydney Morning Herald)
IT'S A LEAFY neighbourhood in the heart of Sydney's lower North Shore, but Greenwich could be one of the most affordable suburbs in Sydney for first home buyers.
2008-06-09 07:06:07 -
Take A Break With A Mortgage Holiday (The Motley Fool)
Flexibility in your mortgage means you can have the summer off your repayments.
2008-06-09 09:59:43 -
Subprime criminal probes yet to catch big fish - Reuters
NEW YORK/WASHINGTON (Reuters) - More than a year into a U.S. housing market meltdown, prosecutors have yet to bring major cases against mortgage industry leaders -- and the slump's worst may pass before any charges are filed. After the FBI revealed ...
2008-06-09 08:46:00 -
UPDATE 1-WaMu's total losses seen at about $27 bln into 2011-UBS - Reuters
June 9 (Reuters) - U.S. mortgage lender Washington Mutual Inc (WM.N: Quote , Profile , Research ) will likely incur total losses of about $27 billion across all its asset classes into 2011, according to a UBS analyst, who also widened his loss view ...
2008-06-09 09:15:00 -
CIT Secures Credit, Shares Jump - Street.Com
CIT Group CIT rallied as much as 15% Monday, after Goldman Sachs GS provided a $3 billion line of financing. The capital infusion will enable CIT Financial, a subsidiary of CIT Group, to finance commercial loans, equipment contracts, FFELP student ...
2008-06-09 11:52:00 -
FICS Rolls Out Business Objects' Business Intelligence Tools For ... - Forbes
Financial Industry Computer Systems, Inc. (FICS(R)), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced the recent roll out ...
2008-06-09 09:43:00 -
Wescom Credit Union Offers Reverse Mortgages - Forbes
Wescom Credit Union is now offering reverse mortgages, helping senior homeowners tap into the equity in their homes. To provide this product, Wescom is utilizing Reverse Mortgage Lending, Inc. (RMLI), a Wescom mortgage lending company that ...
2008-06-09 08:39:00 -
First American CoreLogic Releases Second Quarter 2008 Core Mortgage ... - CNBC
SACRAMENTO, Calif., June 9, 2008 /PRNewswire-FirstCall via COMTEX/ -- First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage ...
2008-06-09 05:33:00 -
Watchdog bans four mortgage brokers - MSN UK News
The City watchdog revealed it had banned four mortgage brokers for submitting false information to lenders. The Financial Services Authority banned Belfast-based broker Gerard McStravick after it found a number of mortgage applications he submitted ...
2008-06-09 08:46:00 -
Commercial mortgage group spent $180,000 lobbying - CNBC
WASHINGTON (AP) - The Commercial Mortgage Securities Association, which represents buyers and sellers of investments backed by commercial real estate loans, spent $180,000 to lobby the federal government in the first quarter. The New York-based trade ...
2008-06-09 08:32:00 -
The Solution to the Subprime Crisis (The Motley Fool)
At the right price, anything is worth buying.
2008-06-09 11:46:31 -
CIT Secures Credit, Shares Jump (TheStreet.com)
The commercial finance company secured a $3 billion credit line from Goldman Sachs.
2008-06-09 12:04:12 -
Lehman loses $2.8bn in Q2, plans to raise $6bn (The Economic Times)
Lehman Brothers Holdings, the fourth-largest US securities firm, reported a record $2.8 billion second-quarter loss and said it will raise $6 billion in capital in a public offering.
2008-06-09 12:09:11 -
Credit Scores Crucial in Current Economy (Carteret County News-Times)
(ARA) - If you're in the market for a new home, new car or even a personal loan you could benefit from the recent interest rate cuts on loans. What's more, the rewards could be even greater if you check your credit before applying for a loan.
2008-06-09 12:28:19