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

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  • Portland's West End niche is not a sell-out but a hold - Daily Telegraph

    Given the miserable state of the UK commercial property market, Great Portland Estates posted an impressive set of full-year results yesterday. The niche West End and Central London office investor outperformed the market by over 7 percentage points ...
    2008-05-21 03:21:00

  • Hardie profit falls 20 per cent - News.com.au

    JAMES Hardie Industries has reported a fall in full-year operating earnings and says it expects to see further weakness in the US housing market. The company's net operating profit, excluding asbestos provisions, fell 20 per cent to $US169.7 million ...
    2008-05-21 04:40:00

  • Dallas Home Sales and Prices Steady Over Last Year – Compared to ... - Best Syndication

    (Best Syndication News) There have been many home sales in the metropolitan area of Dallas but only 310 homes have sold in the city of Dallas Texas over the past year. Over the last year the home value has remained pretty steady. One house in the ...
    2008-05-19 11:59:00

  • City backs tax sales - Baltimore Sun

    Baltimore is defending its practice of selling houses that have tax liens for unpaid water bills and other municipal fees, denying charges by a major national bank that the city is responsible for a recent increase in mortgage foreclosures. The city ...
    2008-05-21 05:01:00

  • East Bay mortgage meltdown continues - Tribune-Chronicle

    The housing market quagmire has unleashed more misery on the East Bay economy. Washington Mutual Inc. and a Citigroup Inc. unit are cutting jobs in the East Bay. E-Loan, a subsidiary of Irwin Financial Corp., and Fremont Investment & Loan have exited ...
    2008-05-21 05:08:00

  • UBS sells subprime assets to BlackRock - Boston Globe

    ZURICH, Switzerland— Swiss bank UBS AG said Wednesday it sold subprime and other mortgage-based securities to a newly created investment fund run by U.S. asset manager BlackRock Inc. for $15 billion. The securities had a nominal value of $22 ...
    2008-05-21 01:05:00

  • Fed rate cuts a salve for owners' sore ARMs - Detroit News

    Ben Bernanke and his Federal Reserve board have been slashing interest rates for nine months -- and where has it gotten us? For most consumers, the cuts -- from 5.25 percent in September to 2 percent now -- don't feel like much help. But you should ...
    2008-05-19 10:04:00

  • Shrink's Progress - American Reporter

    ORINDA, Calif. -- Ed, a 42-year-old divorced mortgage broker, explained that his job was demanding and often left him feeling tense and stressed. Although Ed had a girl friend, he lived alone. He had come to see me only at the insistence of his ...
    2008-05-21 05:15:00

  • SunJournal.com Privacy Policy - Sun-Journal

    SunJournal.com is committed to protecting consumer privacy online. We believe that greater protection of personal privacy on the Web will not only protect consumers, but also increase consumer confidence and ultimately their participation in online ...
    2008-05-21 01:02:00

  • Mr. Tubbs - American Reporter

    DUMMERSTON, Vt. -- My father was a peasant at heart. He was a first-generation American raised on these old-country rural values: trust no one except the family, the worst is always yet to come, don't trust banks, don't go into debt. He got through ...
    2008-05-21 05:15:00

  • Today's Herald - Calgary Herald

    NEW YORK (Reuters) - Oil prices surged more than $3 to a record above $132 a barrel on Wednesday after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a worsening supply crunch. The gains bring oil up more ...
    2008-05-21 11:03:00

  • Most Fed members saw April rate cut as 'close call' between growth ... - FXStreet.com

    WASHINGTON (Thomson Financial) - A majority of Federal Open Market Committee (FOMC) members saw the April 30 decision to cut the federal funds target rate as a "close call," in light of the downside risks to economic growth that still existed and the ...
    2008-05-21 11:10:00

  • Rates on Longer-Term CDs Rise - Street.Com

    CDs with at least a one-year term continued to post higher interest rates on Wednesday as rates on other products like savings, checking and money-market accounts declined further or remained flat. Two-year CDs showed the biggest gains, rising to 2 ...
    2008-05-21 09:37:00

  • Stagflation fears move Fed to curtail rate cuts - Daily Telegraph

    The US Federal Reserve has signalled the end of its recent run of interest rate cuts amid fears that the American economy is set to enter a new period of stagflation. The news sent US equity markets tumbling, with the Dow Jones Industrial Average ...
    2008-05-21 04:25:00

  • Fitch Rates Northwest ISD Texas' $57MM ULT Bonds 'AAA' PSF/'AA ... - Forbes

    Fitch assigns its 'AAA' rating to Northwest Independent School District, (ISD) Texas' $57.2 million unlimited tax (ULT) school building and refunding bonds, series 2008. The rating is based on a guaranty provided by the Texas Permanent School Fund ...
    2008-05-21 02:31:00

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