Mortgage and Financial News From 2008-6-12 Page 8
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Locksmiths get bump in business as foreclosures rise (KY3 Springfield)
Banks and other lenders want to try to keep foreclosed homeowners from going back inside a home and tearing it up or stealing stuff.
2008-06-12 02:23:57 -
8 indicted in $35M mortgage fraud scheme (Baltimore Sun)
Md. company promised to help homeowners facing foreclosure keep their homes Md. company promised to help homeowners facing foreclosure keep their homes
2008-06-12 02:49:20 -
Matt Martin Real Estate Management Brings Relief for Denver Homeowners with Upside-Down Mortgages (PR Newswire via Yahoo! Finance)
Matt Martin Real Estate Management announced today that it has entered the Denver real estate market with its proven model of success for saving homeowners with upside-down mortgages from foreclosure or bankruptcy.
2008-06-12 02:54:00 -
Mortgage rates heading higher (The Globe and Mail)
Mortgage rates are on the rise, a situation that's likely to continue as the Bank of Canada shifts its focus away from stimulating the economy and toward taming inflation.
2008-06-12 03:02:32 -
Ranieri's Bank Shuts Mortgage-Fund Unit, Person Says (Update1) (Bloomberg.com)
June 12 (Bloomberg) -- Franklin Bank Corp. , the Texas bank led by founder Lewis Ranieri , is closing its unit that provides financing to mortgage bankers, according to a person familiar with the situation.
2008-06-12 03:04:38 -
Edwards: Fewer buyers for Miller Ranch homes (Vail Daily)
EDWARDS, Colorado — In the past, there would be almost 30 potential buyers in line for a Miller Ranch home, and first person in line would get the house, said Kim Williams, Eagle County deed-restriction manager.
2008-06-12 03:09:06 -
Mortgage rates heading higher (The Globe and Mail)
Some banks boost five-year rate by 0.5 percentage points; trend likely to continue as central bank shifts to inflation-fighting mode
2008-06-12 03:17:22 -
Inflation: Answering 3 big questions about inflation (Money via Yahoo! Finance)
Crude oil is trading at $125 a barrel. Global food prices are so high that they've triggered riots in some poor countries. No wonder many sharp-eyed market observers worry that the two-decade stretch of low inflation is coming to an end.
2008-06-12 03:24:00 -
Subprime crisis: A capital issue (OECD Observer)
The fallout from the subprime crisis continues to affect OECD economies. What caused the crisis and how might policymakers respond?
2008-06-12 03:32:39 -
$35 million mortgage fraud uncovered in Maryland (INO News)
(AP:GREENBELT, Md.) Eight people have been indicted in an alleged $35 million mortgage foreclosure rescue scheme to cheat lenders and homeowners facing foreclosure, a case authorities said is likely Maryland's largest mortgage fraud case ever.
2008-06-12 03:36:21 -
U.S. Stocks Rebound From 2-Month Low; Wal-Mart, Banks Advance - Bloomberg
June 12 (Bloomberg) -- U.S. stocks climbed as retail sales increased more than forecast and banks rose from a five-year low, outweighing speculation the Federal Reserve will boost interest rates as bond yields climbed the most since April. Wal-Mart ...
2008-06-12 02:12:00 -
Colombia Peso Weakens On Fed Official's Rate Comments - FXStreet.com
BOGOTA (Dow Jones)--The Colombian peso weakened against the dollar Thursday as local investors purchased U.S. dollars after the president of the Philadelphia Federal Reserve Bank said the Fed will have to raise interest rates. The peso ended at COP1 ...
2008-06-12 12:17:00 -
Quaint Oak Bancorp, Inc. Announces First Share Repurchase Program - Forbes
Quaint Oak Bancorp, Inc. (OTC Bulletin Board:QNTO) (the "Company"), the holding company for Quaint Oak Bank, today announced that its Board of Directors approved the Company's first stock repurchase program of up to 10% of its outstanding shares, or ...
2008-06-12 02:05:00 -
Rates on 30-year mortgages jump - Chicago Tribune
WASHINGTON - Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns about what the Federal Reserve might do to battle inflation. Freddie Mac , the mortgage company, reported Thursday that 30-year ...
2008-06-12 12:46:00 -
FOREX-Dollar up on retail data, euro off on rate outlook - Forbes
NEW YORK (Reuters) - The dollar rallied broadly Thursday after data showed a surprisingly strong gain in U.S. retail sales last month, boosting expectations that the Federal Reserve may raise interest rates this year. The euro, meanwhile, was on ...
2008-06-12 01:15:00