Mortgage and Financial News From 2008-5-21 Page 2

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  • How is mortgage interest charged? - Guardian Unlimited

    Q I had some spare cash and decided to reduce my mortgage by making a couple of one-off payments of £5,000 in early January and another one of £6,000. According to the results of the revised payment and balance they have given me it seems the ...
    2008-05-21 04:37:00

  • State Senator's aide quits board of firm in mob probe - Philadelphia Inquirer

    The chief of staff for Pennsylvania State Sen. Michael Stack has resigned from the board of directors of a Texas company at the center of an FBI organized-crime fraud investigation. Joseph D. Steward confirmed yesterday that he had stepped down from ...
    2008-05-21 05:51:00

  • PRESS DIGEST - Financial Times - May 22 - Reuters UK

    Forecasts from the Bank of England predict that the economy is heading for its most protracted slowdown since the early 1990s and show a sharply widening gap between its and the government's outlook. The forecast is for economic growth to slip from 3 ...
    2008-05-21 06:48:00

  • Calif. congresswoman's home threatened with repo - International Herald Tribune

    SACRAMENTO, Calif. : Rep. Laura Richardson has an unusual perspective on the housing foreclosure bills moving through Congress: One of her own homes was threatened with repossession after she failed to pay the mortgage. Richardson, a Southern ...
    2008-05-21 07:53:00

  • The Fed and the Mortgage 'Crisis' - Wall Street Journal

    The meltdown in the subprime mortgage market has caused a great deal of turmoil in the financial markets and hardship for individual homeowners and financial institutions. It prompted the Federal Reserve to take unprecedented actions to support the ...
    2008-05-21 06:41:00

  • Delta Financial may return to its LI mortgage roots - Newsday

    The former senior management of bankrupt lender Delta Financial Corp. is launching a new mortgage company that may open retail offices -- and some employees might even be sitting at their old Delta desks. Reliance First Capital Llc will be based in ...
    2008-05-20 05:31:00

  • Memorial Day Travel Likely To Hit 1st Dip Since 9/11 (Washington Post)

    Fewer Washington area residents are expected to hit the roads and skies this Memorial Day weekend, as travel over the holiday is predicted to drop for the first time since Sept. 11, 2001. Blame skyrocketing gas prices, costly airfares and worries about a recession, analysts said.
    2008-05-21 08:01:10

  • Overall KC area home sales edge up in April (The Kansas City Star)

    The average sales price of a Kansas City area house during April was down 7.9 percent from the same month a year earlier, as the inventory of unsold homes continued to hover around the 20,000 mark.
    2008-05-21 08:24:31

  • Tax cuts, pension boost for Kiwis (TVNZ)

    New Zealanders will have more money in their pockets from October with the start of a three-year programme of personal tax cuts which will also boost superannuation payments.
    2008-05-21 08:31:29

  • New Zealand Budget Includes NZ$10.6 Billion Tax Cut (Nasdaq)

    (RTTNews) - Calling it "a fair deal for all," New Zealand Finance Minister Michael Cullen Thursday unveiled the government's budget for fiscal 2008-09.
    2008-05-21 08:41:40

  • Petrol 'hurts more than rates' (News Interactive)

    PETROL prices could climb clear of $1.60 today after oil hit fresh record highs.
    2008-05-21 08:01:00

  • East Bay mortgage meltdown continues (Contra Costa Times)

    Companies cut jobs and more offices become vacant
    2008-05-21 05:22:44

  • Petrol 'hurts more than rates' (News Interactive)

    HIGHER petrol and food prices are having a bigger impact on households than interest rate hikes.
    2008-05-21 08:01:00

  • Fallout From a Bailout (Washington Post)

    The Senate Banking Committee approved legislation Tuesday that would empower the Federal Housing Administration to provide relief to mortgage borrowers teetering on the brink of default. The House has already passed similar legislation. Only two months ago, mortgage aid was viewed as unlikely, but the odds now favor it becoming law. For this change of fortune, the legislation's chief sponsors, ...
    2008-05-21 05:49:31

  • Action News 5 Investigates: Arson during home foreclosure (WMCTV Memphis)

    In the midst of the Mid-South’s dismal housing market, desperate homeowners are starting to destroy their properties – even to the point of setting them on fire – after banks have foreclosed on them for defaulting on their loans.
    2008-05-21 08:10:00

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