Mortgage and Financial News From 2008-8-26 Page 13
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lending terms -- many now refuse to offer mortgages to homebuyers with less than a 25 percent deposit. And rising unemployment and higher living costs continue to make it difficult for first-time buyers to get a foot on the property ladder.
2008-08-26 06:10:39 -
Home prices plummet to a new record (CNNMoney.com via Yahoo! Finance)
U.S. home prices fell a record 15.4% in the second quarter compared with last year, according to the latest S&P/Case-Shiller national home price index report.
2008-08-26 06:11:00 -
Stock futures mixed ahead of new home sales data (The Washington Times)
Wall Street headed for a narrowly mixed open Tuesday, a day after a big pullback, as investors awaited key readings on new home sales and consumer confidence.
2008-08-26 06:14:49 -
Credit crunch hits buy-to-let market (Channel 4)
Buy-to-let lending fell for the first time in three years during the first half of 2008 as the market was hit by the credit crunch, figures have shown.
2008-08-26 06:17:52 -
Fannie Mae Redemption - MSN MoneyCentral
Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's ...
2008-08-25 05:56:00 -
Nikkei down 0.8 pct, on credit crisis, economic woes - Reuters
TOKYO, Aug 26 (Reuters) - Japan's Nikkei stock average slipped 0.8 percent on Tuesday, dragged lower by Canon Inc (7751.T: Quote , Profile , Research , Stock Buzz ) and other exporters amid growing worry about a spreading credit crisis and gloom over ...
2008-08-25 11:50:00 -
UPDATE: UK Net Mortgage Lending, Approvals Remain Weak-BBA - FXStreet.com
LONDON (Dow Jones)--U.K. net mortgage lending and approvals for home loans were stable at a low level in July as the credit crunch and economic uncertainty continued to weigh on the housing market, data from the British Bankers' Association showed ...
2008-08-26 02:13:00 -
Advice for worried homeowners - This is West Country
HOMEOWNERS in Exeter worried about their mortgage payments could benefit from a new mortgage arrears advice service. The service, is a joint venture between Exeter City Council and local charity Homemaker Southwest. It will offer free independent and ...
2008-08-25 07:29:00 -
Some outrageous advice for Obama - Chicago Tribune
O ur neighborhoods are filling up with foreclosed houses—the result of deregulated brokers and bankers gone wild. Our armed forces are bogged down and bleeding in distant lands, struggling to referee ancient and obscure sectarian conflicts. Our ...
2008-08-25 06:46:00 -
Service advises distressed homeowners when to 'walk away' (San Diego Daily Transcript via Yahoo! News)
When you're being suffocated by mortgage payments, the short sale you were counting on didn't work and you can't refinance your home, sometimes there's only one thing left to do: walk away.
2008-08-25 06:01:57 -
Colorado Rural Housing Development increases home-buyer awareness (Alamosa Valley Courier)
ALAMOSA — The Colorado Rural Housing Development Corporation (CRHDC) offers free monthly certified homebuyer education workshops to meet the growing demand for consumer education providing smart advice for homebuyers before they purchase a home.
2008-08-25 06:22:50 -
Escaping financial hell (Stuff)
Living from payday to payday is not ideal. Financial adviser Liz Koh suggests eight steps to freedom.
2008-08-25 08:18:44 -
Valad Posts Loss on Writedowns; Names Chief Executive (Update1) (Bloomberg.com)
Aug. 26 (Bloomberg) -- Valad Property Group , the worst- performing Australian real estate investment trust the past three months, posted a full-year loss after writing down assets and named Peter Hurley as chief executive officer.
2008-08-25 09:11:51 -
The value of value investing (Santa Fe New Mexican)
Photo: Bill Fries, manager of the Thornburg Value Fund, meets with his equity team at Thornburg Investment in Santa Fe.
2008-08-25 10:05:11 -
BUSINESS BRIEFS (Richmond Times-Dispatch)
Community Bank Investors of America LP said it filed for regulatory approval of a proposed $5 million investment in Freedom Bank. The filing was with the Florida Office of Financial Regulation and the Federal Deposit Insurance Corp. Richmond-based CBIA, a private-equity fund specializing in community-bank investments, also filed an application to acquire an interest in Freedom Bank with the ...
2008-08-26 12:39:23