Mortgage and Financial News From 2008-7-20 Page 10
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Company fixed deposits are back in vogue (Business Standard India)
Companies are revisiting the retail deposit market with renewed vigour as bank funds dry up, loan rates climb higher and stock markets tumble.
2008-07-20 11:39:03 -
Credit card debt edges up with cost of living - Baltimore Sun
Gas and food prices are rising, mortgage interest rates are adjusting higher, loans are harder to find and unemployment is ticking up. There's only one place left to turn, many consumers believe: credit cards. Now, instead of using cards for large ...
2008-07-20 12:19:00 -
Britannia's mortgage lending soars to record £4.9bn - Edinburgh News
BRITANNIA, the UK’s second largest building society, today announced record mortgage lending figures as housebuyers took advantage of the lowest interest rates for 48 years. For the year to the end of December, the society reported gross lending up ...
2008-07-19 05:21:00 -
Would-be Vegas hitman’s story ends in Irish jail (Las Vegas Sun)
Sun, Jul 20, 2008 (2 a.m.) We all nurse private ambitions. Essam Ahmed Eid, a 53-year-old Egyptian man living in Vegas and dealing poker at the Bellagio, dreamed of becoming a hit man.
2008-07-20 02:17:37 -
How worried are you about your mortgage? (Seattle Times)
Excerpts from the blog With mortgage lenders imploding, banks struggling and the housing market in a downright funk because of an oversupply...
2008-07-20 02:18:30 -
Banking practices are targets for reform (San Diego Union-Tribune)
It's not over. Despite midweek relief for financial stocks, Oppenheimer & Co. analyst Meredith Whitney says the financial markets won't be able to stabilize until there is more truth-telling. Rather than trickling out write-downs and sour news, Whitney says banks need to “get real” about their “true asset values.”
2008-07-20 03:12:26 -
Banks need to do better at telling truth (The Morning Call)
It's not over.
2008-07-20 03:26:38 -
Given a Shovel, Digging Deeper Into Debt (The Gadsden Times)
Practices that produced record profits for many banks have led millions of Americans to the brink.
2008-07-20 04:16:18 -
Foreclosures affect communities (Lansing State Journal)
The foreclosure crisis affects more than just individual homeowners. It has an impact on entire neighborhoods and communities. Here's a look at how the surge in foreclosures has affected several neighborhoods in the Lansing area, from small towns to more urban areas.
2008-07-20 01:11:59 -
Should I buy or rent? (The Columbus Dispatch)
It's an age-old question, one that probably dates back to the mud-brick homes of ancient Mesopotamia: buy or rent? The answer then and now: It all depends on your financial or life situation.
2008-07-20 01:34:08 -
Housing's half-time score: lousy (Orange County Register)
Sales fell to lowest level on record amid plummeting prices, DataQuick reports.
2008-07-20 03:19:19 -
East Central Illinois banks weathering stormy times (The Champaign News-Gazette)
CHAMPAIGN – It's a shaky time for the financial sector, with IndyMac Bank being taken over by the federal government and regulators taking extra steps to help prop up mortgage giants Fannie Mae and Freddie Mac. Stock prices have plummeted for many banks across the country, including Cleveland-based National City, which has four branches in Champaign-Urbana. And a few banks – but only a ...
2008-07-20 04:40:50 -
Investors lose faith in rental property (Stuff)
Rents are rising, but confidence in the rental market is falling from its glory days as house prices slide, according to the ASB investor confidence survey.
2008-07-20 10:10:16 -
How to Get a Mortgage in Today's Market (Richfield Reaper)
(ARA) - Whether you're buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago.
2008-07-20 06:32:40 -
Gap widens in two-speed economy (The Australian)
LEADING economic forecaster has warned that the gap between the resources states and the rest will increase.
2008-07-20 07:00:00