Mortgage and Financial News From 2008-6-12 Page 6
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BSA to widen mortgage service - Banking Business Review
Building societies make a distinctive contribution to the UK's financial services market. They are mutually owned without external shareholders. They account for over 20% of the deposit and residential mortgage markets. Independent research shows ...
2008-06-12 04:35:00 -
Hong Kong shares set to fall 0.45 percent - Reuters UK
HONG KONG, June 13 (Reuters) - Hong Kongs shares were set to drop 0.45 percent on Friday, extending a three-day slump, led by losses in banking and property stocks on talk that local lenders may raise mortgage rates. The Hang Seng Index .HSI was down ...
2008-06-12 06:58:00 -
Lenders under pressure to raise mortgage rates - South China Morning Post
Hong Kong lenders are facing more pressure to increase mortgage rates as the interbank rate, the fee banks charge each other, has surged in the past few days. Yesterday, one-month and three-month interbank rates rose to 1.875 per cent and 2.29 per ...
2008-06-12 01:43:00 -
Big banks boost mortgage rates - Prince Edward Island Guardian
TORONTO — The cost of borrowing for a home is going up and, in some cases, by quite a bit. Several of Canada’s biggest banks are raising most of their mortgages, effective Friday, while hikes of up to 85 basis points have already kicked in. TD ...
2008-06-12 04:21:00 -
BankFive joins Mortgage Relief Initiative - Herald News
In an attempt to stall the unprecedented number of home foreclosures in the state, a number of community banks, including BankFive, have joined the Mortgage Relief Initiative. Created in December with five banks — Citizens Bank, Sovereign Bank ...
2008-06-12 02:12:00 -
Mortgage workshop coming up in Modesto - Modesto Bee
Northern California Stores pull tomatoes Flood evacuations ordered along Iowa's Cedar River Structures, 1,200 acres burn near La Grange Valley home default rates decline Homeowners concerned about their mortgage can get free advice and perhaps ...
2008-06-12 06:41:00 -
Help! My mortgage is adjusting! - Boston Globe
Inman News Q: My mortgage was fixed for five years and is set to start adjusting in five months. I talked with my mortgage broker and she said that my payment will go up by about 40 percent at that time, which I certainly cannot afford. She ran some ...
2008-06-10 05:56:00 -
'Being responsible' is key to securing a mortgage and surviving the ... - Evening Leader
Today we look at housing, one of the areas that has been hardest hit by the global credit crunch - but according to Wrexham, Flintshire and Chester estate agents it is not all 'doom and gloom'. House prices are coming down, but many people, including ...
2008-06-12 02:37:00 -
Obama aide steps down amid mortgage queries - Boston Globe
A leader of Barack Obama's vetting team for possible running mates stepped down yesterday after days of controversy over loans he received from Countrywide Financial Corp. James Johnson had been on Capitol Hill this week getting advice from members ...
2008-06-12 12:03:00 -
FBI Halts Some Cases to Investigate Mortgage Frauds (Update1) - Bloomberg
June 12 (Bloomberg) -- The U.S. Federal Bureau of Investigation, confronting a surge in mortgage fraud, has ordered more than two dozen of its field offices to stop probing some financial crimes so agents can focus on the subprime crisis. Kenneth ...
2008-06-12 09:47:00 -
Can't sell your home? Consider renting it - Herald News
If you’ve moved to a new home but have not been successful at selling your old one, there may be an alternative to making a mortgage payment each month on a vacant house. Renting your home out is not likely to make you a millionaire, but it may ...
2008-06-12 03:45:00 -
U.S. Financial Firms Cut Dividends Most in Five Years (Update2) - Bloomberg
June 12 (Bloomberg) -- Citigroup Inc. , Wachovia Corp. and KeyCorp are among 16 U.S. financial firms that slashed dividends this year, a tally that exceeds the previous five years combined. Goldman Sachs Group Inc. and Bank of America Corp. may ...
2008-06-12 02:26:00 -
Stull, Stull & Brody Announces Class Action on Behalf of Shareholders ... - Earthtimes
NEW YORK, NY -- 06/12/08 -- Attorney Advertising. Notice is hereby given that a class action has been commenced in the United States District Court for the Eastern District of Wisconsin on behalf of purchasers of the common stock of MGIC Investment ...
2008-06-12 03:52:00 -
Xceed Mortgage shifts gears in wake of ABCP crisis: Q2 loss $16.7M on ... - 940 News
TORONTO - Xceed Mortgage Corp. (TSX:XMC) has posted a quarterly loss of $16.7 million as it shifts away from uninsured mortgages in the wake of the credit crisis and predicts the rest of the year will show improved results. "We believe that having ...
2008-06-12 01:00:00 -
Home-ownership workshop Tuesday at Main Library - Houma Courier
HOUMA -- Area realtors, banks, mortgage lenders and others can stop by the Terrebonne Parish Main Library Tuesday for training on federal home-ownership programs. The Terrebonne Economic Development Authority will host specialists from USDA Rural ...
2008-06-12 03:16:00