Mortgage and Financial News From 2008-8-26 Page 5
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Nelson attacks 'directionless' Rudd (Australian Broadcasting Corporation)
Opposition Leader Brendan Nelson says Prime Minister Kevin Rudd lacks economic direction and has achieved little in his first nine months in office.
2008-08-26 05:12:48 -
Mortgage approvals remain low (The Herald)
The number of fresh mortgages approved by the big UK banks for house purchase was last month within 100 of June's record low - industry figures showed yesterday - signalling prices in the residential property market are likely to continue to fall.
2008-08-26 06:08:56 -
Equity capital improvement program (San Diego Daily Transcript via Yahoo! News)
Equity Office, an affiliate of The Blackstone Group (NYSE: BX), announced a $25 million capital improvement program throughout its 11 million-square-foot Southern California portfolio.
2008-08-26 06:09:30 -
Lehman May Form New Company to Buy Mortgage Assets (Update1) - Bloomberg
Aug. 26 (Bloomberg) -- Lehman Brothers Holdings Inc. may set up a company funded by outside investors to buy some of its mortgage assets, aiming to dispel concern the firm faces crippling losses, people familiar with the discussions said. Investors ...
2008-08-26 02:37:00 -
Mortgage respite - but only for the well-off - This is Money
A glut of lenders took a knife to their fixed-rate mortgage deals last week, including Abbey, Britannia, Leeds, Nationwide and Yorkshire building societies and Cheltenham & Gloucester. Abbey, the biggest mortgage lender, has cut its two and three ...
2008-08-26 04:29:00 -
Altogether, maybe Northern Rock was put in a hard place - Daily Telegraph
Unless someone was personally affected by events surrounding Northern Rock, they might have little sympathy for its investors and shareholders. After all, from the way many have reported on its demise as an independent company, the bank's affairs ...
2008-08-26 06:38:00 -
Canadian mortgage broker attempts to set Lazy World Record - Market Wire
RICHMOND HILL, ONTARIO--(Marketwire - Aug. 25, 2008) - Gerry Weinkauf wants the world to help him set the Lazy World Record - highest number of people to contribute the highest combined amount of money to one person for no other reason than to set a ...
2008-08-25 08:55:00 -
Mortgages & homes - Mortgage features - This is Money
Abbey, the biggest mortgage lender, has cut its two and three-year fixed rates by up to a quarter of a percentage point. Its best two-year fix is now at 5.89% with a £995 fee. C&G cut its fixed rates by up to 0.31 of a point with the best deals ...
2008-08-26 09:08:00 -
Mortgage divide opens up between low- and high-risk borrowers - Daily Mirror
A great divide has opened up in the mortgage market between those seen as low- or high-risk by lenders. Borrowers who have a big deposit or a large stake in their home are being welcomed with open arms. But those who need to borrow all or most of the ...
2008-08-26 02:59:00 -
Companies reference Facebook for new hires (WECT 6 Wilmington)
With updated technology, background checks are going cyber. Chances are your potential employer is logging onto personal sites like Facebook to check you out.
2008-08-26 12:28:53 -
Asset-backed securities markets suffer (FT.com via Yahoo! News)
Even as another embattled British builder, Bovis, pleads for greater intervention to support the UK mortgage market, where new loan approvals are down 65 per cent versus a year ago, the European Central Bank is looking nervously at the support it has provided the sector.
2008-08-26 12:55:29 -
Fitch Rates $145.2MM San Francisco Fin Corp (California) Lease Revs 'A ... - Businesswire.com
SAN FRANCISCO--( BUSINESS WIRE )--Fitch Ratings assigns an underlying 'A+' rating to the City and County of San Francisco Finance Corporation, CA's (the corporation) $145.2 million lease revenue refunding bonds, series 2008-1 and 2008-2 (Moscone ...
2008-08-26 03:56:00 -
Facebook Recommends (Indiana's NewsCenter)
KNTV NBC (Indiana's NewsCenter) - The key to your next job...believe it or not...may be from your friends on Facebook! “There wouldn't be anyone who I would probably refer to you as a job reference on here,” said job applicant Tiana Barci.
2008-08-26 02:00:46 -
Federal Home Loan Banks Sell Bonds at Record Spreads (Update2) - Bloomberg
Aug. 26 (Bloomberg) -- The Federal Home Loan Bank system, the government-chartered cooperatives owned by U.S. financial companies, sold three-year bonds at record-high yields over government notes as foreign investors bought less of the debt. The $3 ...
2008-08-26 03:56:00 -
Mighty Goldman Pulls Back From Once Heady Commercial Securities Market (The New York Observer)
Here’s how you know the commercial-mortgage-backed securities market is in deep slumber: Goldman Sachs , king of the Wall Street shops, hasn’t originated a CMBS loan in nine months, according to two sources close to the bank. It’s no secret that banks like Wachovia and Lehman and UBS are no longer issuing securities backed by mortgages with the ease of missionaries ...
2008-08-26 03:47:15