Mortgage and Financial News From 2008-5-21 Page 13

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• Viewpoint: UBS does a sideways shuffle (Guardian Unlimited)

  Viewpoint: Just as the banks tell us the credit crunch is easing, along comes another shocker from UBS
  2008-05-21 04:29:48

• Dollar rises after StatsCan inflation rate report (CTV.ca)

  A Statistics Canada report on a hike in Canada's inflation rate helped propel the loonie upwards on the markets Wednesday. It closed the day at US101.62, up 0.79 of a cent.
  2008-05-21 04:15:20

• Putting a value on advice (Mortgage Introducer)

  The report, from independent financial services research company NMG, examines the value of mortgage intermediaries to consumers in getting them the most suitable mortgage, at the best price, with the best service.
  2008-05-21 04:57:44

• No fundraising plans for Bank of Ireland (Daily Telegraph)

  Bank of Ireland has warned that a slowdown in the UK, Ireland and US will dampen earnings, sending its shares down almost 6pc.
  2008-05-21 04:27:36

• Mortgage Lenders Are Still Ripping You Off (The Motley Fool)

  Times are tough for borrowers, but unfair mortgage fees are making matters even worse.
  2008-05-21 08:22:58

• Culprits released from New York jail, live well (The Milan News-Leader)

  Editor's Note: This is the last in an eight-part series on the Great Electric Sugar Scandal that rocked Milan in the 1800s. Near the end of 1889, the four remaining defendants held at the "Tombs" jail in New York appeared in the courtroom of Recorder Smyth. William E. Howard was already in prison.
  2008-05-21 03:45:00

• Sask., Alta. have highest increase in inflation (Regina Leader-Post)

  Alberta and Saskatchewan recorded cost of living increases of 3.2 per cent in April over April 2007 -- the highest increase of all the provinces -- thanks mainly to higher new housing costs, according to Statistics Canada.
  2008-05-21 04:43:37

• Elderly couple ponders unusual real estate strategy (Daily Local News)

  DEAR BRUCE: My wife and I have decided to sell our house and buy a condominium. We have around $200,000 in equity, and we are looking at condos in the $300,000 to $400,000 range. Looking to the future, it seems to make sense to take out a 40-year or interest-only...
  2008-05-21 05:03:13

• Fitch Places Bank TruPS CDOs on Watch Negative on Increased Default & Deferral Activity (wallstreet:online AG)

  Fitch Ratings has placed certain notes issued across 59 collateralized debt obligations (CDOs) on
  2008-05-21 03:04:15

• UPDATE:M4 Data Signal Strong Take-Up Of BOE Facility-Economist (Nasdaq)

  LONDON -(Dow Jones)- Take-up of the Bank of England's special lending facility appears to be strong, judging by newly released U.K. broad money supply figures, an economist said Wednesday.
  2008-05-21 04:09:02

• Opening Bell: Thomson Atop Journal (Columbia Journalism Review)

  On its way to being just another newspaper; military thinks green; small cities, no flights; etc.
  2008-05-21 05:25:19

• Why the Euro Has Rallied (AME Info)

  The US dollar weakened across the board today as stronger economic data from around the world highlighted the underperformance of the US economy.
  2008-05-21 03:27:46

• Higher prices on the way: StatsCan (Regina Leader-Post)

  Canadians got a taste last month of what’s to come: Higher prices. That was the warning issued after Statistics Canada reported Wednesday that consumer prices, fuelled by steep increases at the gas pumps, jumped twice as much as expected in April.
  2008-05-21 03:43:56

• Housing slump could be worst since 1970s (Guardian Unlimited)

  Council of Mortgage Lenders predicts 7% drop in prices and a halving in the mortgage market
  2008-05-21 04:27:18

• Price woes (Montreal Gazette)

  Canadians last month got a taste of what’s to come - higher prices.
  2008-05-21 03:54:27

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