Mortgage and Financial News From 2008-6-12 Page 11
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Small-Business Agency’s Problems Linger as Leader Moves on to HUD (NYTimes.com via Yahoo! Finance)
Critics and small-business groups say the Small Business Administration’s problems are particularly troublesome in a weakened economy.
2008-06-12 11:37:27 -
Ask the Expert: Maddy Bowling (Risk & Insurance)
As the workers' compensation industry becomes increasingly reliant on technology, some experts believe this trend alienates workers and leads to more claims.
2008-06-12 11:41:15 -
Grasim: Cashing out (Business Standard India)
The sale of the sponge iron unit, which wasn't too profitable, has been a good decision. Grasim's sponge iron business has been a bit of a sponge, soaking up precious management time and money.
2008-06-12 11:41:26 -
Brazil Central Bank Says CPI `Diverging' From Target (Update3) (Bloomberg.com)
June 12 (Bloomberg) -- Brazil's central bankers see signs that inflation is ``diverging'' from their targets and expect consumer prices to rise more than previously forecast in 2008 and 2009.
2008-06-12 11:44:31 -
Story Comments (Business Standard India)
Akash Prakash: Is it all over? This is a good time to build a portfolio, as the market will throw up many opportunities. The Indian markets now seem to have cracked, delivering the worst performance in Asia (year to date).
2008-06-12 11:44:40 -
The Editor's Back Fence (Berkeley Daily Planet)
Now that the election's finally behind us, I finally had time to sort through my mail this morning. I pulled out all of the glossy color postcards from the big pile of junk, leaving behind twelve Land's End catalogs and several offers of free trips to Los Vegas to shop for condos.
2008-06-12 11:45:29 -
Editorial: Money gets costlier (Business Standard India)
The Reserve Bank of India (RBI) raised the repo rate (at which it lends money to banks, against securities) by 25 basis points to 8 per cent on Wednesday evening.
2008-06-12 11:54:44 -
The ECB Calls Bernanke’s Bluff (GoldSeek.com)
A new member of the British Parliament once solicited the advice of Benjamin Disraeli, the nineteenth century British prime minister, on whether he should speak up on a controversial issue. “Do you have anything to say that has not already been said?” Disraeli asked him. “No,” the man conceded.
2008-06-12 11:56:26 -
Mortgage figures show first-time buyers are getting squeezed - Daily Telegraph
First time buyers are having to hand over deposits larger than at any time over the last four years as banks and building societies clampdown on lending, according to official data. The figures from the Council of Mortgage Lenders are the latest ...
2008-06-12 10:30:00 -
Make Way for the Emerging Consumer (GoldSeek.com)
*** A list of top performers for the long-term…the four things we do with our loose change…and more!
2008-06-12 10:26:43 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
Strong retail sales boosted by rebate checks
2008-06-12 10:27:36 -
Commentary: McMahon shouldn't be the face of foreclosure (CNN.com)
"One death is a tragedy; a million is a statistic."
2008-06-12 10:28:01 -
S.E.C. Proposes Tighter Rules for Credit Ratings Companies (NYTimes.com via Yahoo! Finance)
The S.E.C. proposed new rules intended to stem conflicts of interest, expand disclosure for Wall Street’s credit rating industry and flag the ratings of more complex securities.
2008-06-12 10:37:29 -
Banks continue moves to lower interest rates (The New Zealand Herald)
A fall in mortgage rates which started with last week's Reserve Bank statement has now seen a widespread move by banks to lower rates. A standard two-year fixed rate of 9.2 per cent is now common.
2008-06-12 10:41:19 -
Big banks move to boost their mortgage rates (Calgary Sun)
TORONTO — Bank of Montreal (TSX:BMO) is hiking its residential mortgage rates by up to 85 basis points, joining Royal Bank (TSX:RY), TD Canada Trust (TSX:TD) and CIBC (TSX:CM) in increasing the cost of borrowing to buy a home.
2008-06-12 10:43:44