Mortgage and Financial News From 2008-8-26 Page 14
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Health Matters Mental health takes a hit from the economy (The Naperville Sun)
How are you at bouncing back if one of your dreams fizzles out? The economic downturn has tested a lot of us, whether we're a young couple postponing that ideal house because of the mortgage crisis, or would-be retirees staying employed to help struggling offspring.
2008-08-26 02:03:57 -
Business briefs (The Times of Northwest Indiana)
PORTAGE Global collaboration spotlighted in forum event today
2008-08-26 02:29:46 -
Short Sales of Luxury Homes, Even at DC's Famous Ritz Carlton (PRWeb via Yahoo! News)
Short Sales occur in all neighborhoods. You can find them for under $100,000 to well over $5,000,000. Even the famous Ritz Carlton in Washington DC has experienced Shorts sales. Homes from Bethesda MD, Potomac MD and high end communities throughout the Washington DC Metro area are experiencing short sales and foreclosures.
2008-08-26 03:00:00 -
Congressman Fattah Wants Answers on FBI's Failure to Stem Mortgage ... - Forbes
Congressman Chaka Fattah (D-PA) wants answers from the Federal Bureau of Investigation regarding the lack of dedicated resources to probe the growing crisis within the mortgage lending industry. Representative Fattah sent the following letter today ...
2008-08-25 12:51:00 -
FBI saw threat of mortgage crisis - Los Angeles Times
Many of the cases have been relatively small, however, with about half the investigations involving losses of less than $1 million -- the size of two or three loans. But the tepid response also reflects a broad realignment of law-enforcement ...
2008-08-25 03:00:00 -
Mortgage fraud still soaring (CNN Money)
With the housing market in turmoil and lending standards tougher than ever, you'd think that the kind of unscrupulous activity that helped plunge the industry into crisis would be a thing of the past.
2008-08-26 03:04:38 -
AP Executive Morning Briefing (The Kansas City Star)
The top business news from The Associated Press for the morning of Tuesday, August 26, 2008:
2008-08-26 03:36:17 -
AP Executive Morning Briefing (Lexington Herald-Leader)
The top business news from The Associated Press for the morning of Tuesday, August 26, 2008: Big squeeze hits Chinese oil giant PetroChina SHANGHAI, China (AP) - PetroChina is expected to report that its first-half net profit fell by at least a third, analysts say, as losses in its refining business eroded gains from surging crude oil prices. Even last year when PetroChina's market value ...
2008-08-26 03:37:35 -
Pound flirts with new 2-year low and break below $1.84 - Reuters UK
LONDON (Reuters) - The pound fell against a perky dollar on Tuesday, close to trading below $1.84 for the first time in over two years as the divergent outlook for UK and U.S. growth and interest rates continued to sour sterling sentiment. Following ...
2008-08-26 02:06:00 -
Japan LDP official: BOJ may need to mull rate hike - Reuters
TOKYO, Aug 26 (Reuters) - The Bank of Japan may need to consider an interest rate hike to help boost people's interest income, a senior ruling party official was quoted as saying on Tuesday. "Interest rates have been kept low for so long. This may be ...
2008-08-24 05:53:00 -
U.K. Pound Falls Against Dollar Before Mortgage Approvals Data - Bloomberg
Aug. 26 (Bloomberg) -- The U.K. pound fell against the dollar, extending a fifth week of declines, the longest losing streak since February 2006, before an industry group releases mortgage approvals data for last month. The British currency has ...
2008-08-26 01:44:00 -
Brazilians Are Paying 54% a Year in Interest for Personal Credit - Brazzil Magazine
Brazil's National Financial System volume of credit reached 1.085 trillion reais (US$ 669 billion) in July, a figure equivalent to 37% of the GDP (Gross Domestic Product) i.e. the sum of goods and services produced in Brazil during that whole month ...
2008-08-25 11:57:00 -
Swaps Money Train Prepares for Final Run in Muniland: Joe Mysak - Bloomberg
Aug. 26 (Bloomberg) -- The money train is coming to a screeching halt. Maybe. The `` money train '' is the term used by David Bronner , chief executive officer of the Retirement Systems of Alabama, to describe the bankers, lawyers, consultants and ...
2008-08-26 12:18:00 -
Sterling tumbles as markets eye interest rate cuts - Daily Telegraph
The pound fell further today as the market reopened after the bank holiday as foreign-exchange traders intensified bets that the Bank of England is likely to be the only major central bank to cut interest rates by the end of the year. Sterling, which ...
2008-08-26 02:13:00 -
Treasury bill auction sees interest rate drop - Baltimore Sun
WASHINGTON Interest rates on short-term Treasury bills fell in yesterday's auction for the second consecutive week, with the rate on three-month bills falling to the lowest level in a month. The Treasury Department auctioned $28 billion in three ...
2008-08-26 12:11:00