Mortgage and Financial News From 2008-5-4 Page 10
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Interest rate monitor: May decision - MyFinances.co.uk
What will be going through the minds of the MPC when it makes its interest rate decision on Thursday? Sarah Routledge examines the UK economy. On Thursday the Bank of England's monetary policy committee (MPC) announces the outcome of its monthly ...
2008-05-02 08:41:00 -
FICO changes costly for some - Detroit Free Press
The company that calculates FICO scores has revamped its scoring system. Many consumers will benefit, but others might have to pay higher interest rates on their next mortgage. Dear David: I heard that the company that calculates credit ratings for ...
2008-05-04 12:18:00 -
House prices jump as interest rates fall - AME Info
But falling interest rates have already put Dubai house prices in an upward spin this spring, with 10%-15% increases in asking prices across the board. However, prices are already going much higher. The so-called 'carry trade' used to be something ...
2008-05-04 01:22:00 -
Sales 'won't push up rates' - News.com.au
RETAIL sales grew by more than double market expectations in March but economists are saying this is not a sign that interest rates will rise again in 2008. Retail trade at current prices rose 0.5 per cent in March to a seasonally adjusted $20.177 ...
2008-05-02 01:17:00 -
Canada's Dollar Falls to 3-Week Low on Interest-Rate Outlook - Bloomberg
May 3 (Bloomberg) -- The Canadian dollar touched the lowest level in three weeks on speculation the weakening economy will force the central bank to further cut borrowing costs as the U.S. Federal Reserve may stop reducing its key rate. Canada's ...
2008-05-03 07:21:00 -
Walking away from a sales contract is a sticky process - Chicago Tribune
WASHINGTON—If you thought buying a new home was expensive, wait until you see how much it costs you to back out of the deal. Some buyers have compelling reasons to want out of a home sale agreement. How can you buy if you no longer qualify for a ...
2008-05-03 11:56:00 -
No vacation for tight standards - Chicago Tribune
For enthusiastic second-home buyers, visiting a lender can feel like checking into a crowded airport on the way to vacation. Expect delays. Even worse, your plans may be grounded. Scarred by the recent rash of foreclosures, lender caution may be no ...
2008-05-03 11:56:00 -
Peter Boutell, Lending a Hand: FHA provides refreshing mortgage ... - Santa Cruz Sentinel
The Federal Housing Administration is the world's largest mortgage insurer. Selected and approved banks and mortgage companies originate, approve, fund and service FHA loans. The FHA insures these loans so that lenders do not have to worry about ...
2008-05-04 01:29:00 -
WNC not insulated from foreclosures - Asheville Citizen-Times
ASHEVILLE – Western North Carolina hasn’t been hit as hard as most places by the wave of home mortgage foreclosures sweeping the country, but more families are losing their homes, and the problem appears to be worsening. There were a little more ...
2008-05-03 09:12:00 -
Mortgage credit restrictions spreading further - Baltimore Sun
• Cash-out refinancings. • Loans with anything less than full documentation of borrower income, credit and assets. • Mortgages for certain second-home purchases. • Investment-loan applications where the buyer already owns at least three other ...
2008-05-04 02:26:00 -
New laws too late in loss of home - Baltimore Sun
Changes to Maryland's foreclosure laws have come too late for Kwaku Atta Poku. The Ghanaian immigrant had built a new life in Maryland, only to lose his Howard County home, despite making every mortgage payment, and face financial ruin. And though ...
2008-05-04 12:10:00 -
Rates on home loans getting no relief from Fed cuts (Calcutta News)
Interest rates on U.S. home loans remain high despite serial cuts of official rates by the Federal Reserve. Mortgages on 30 year home loans this week were still costing more than triple the current official interest rate, despite another 25 basis points cut in the Federal Funds rate on Wednesday.
2008-05-04 02:10:49 -
Tough times force tough choices for residents (Green Bay Press-Gazette)
Its not easy to make ends meet when you collect a $500 monthly check and owe a $366 heating bill.
2008-05-04 02:13:27 -
Buyers strike while interest is low (Coeur d'Alene Press)
COEUR d'ALENE -- The Idaho Housing and Finance Association is cranking out mortgage loans at a furious rate in Idaho, with about 10 percent being made in Kootenai County as homebuyers rush to take advantage of dropping prices and interest rates that remain low.
2008-05-04 02:18:42 -
Off-track betting site like old Hoosier home (Post-Tribune)
MERRILLVILLE -- For having a parlor full of people watching the most exciting two minutes in sports, Merrillville Off-Track Betting was surprisingly sedate before the start of the Kentucky Derby on Saturday.
2008-05-04 02:19:47