Mortgage and Financial News From 2008-5-21 Page 8

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  • Somebody’s gotta say it…. - Atlanta Journal Constitution

    On several occasions, FairTax champion Neal Boortz has used his syndicated radio show to attack me for daring to point out the absurdities of his pet proposal. For some reason, though, the blustering Boortz has repeatedly refused to let me debate the ...
    2008-05-21 10:49:00
  • Need to know - Times Online

    Interest rates Minutes of the Bank of England Monetary Policy Committee’s May meeting showed that it voted eight-to-one to peg interest rates. However, a significant faction worried that the housing slump may curb growth and quell inflation. GDP ...
    2008-05-21 04:40:00
  • In Britain, Too, Home Prices Are Falling - US News and World Report

    LONDON—By all rights, Britain's housing market should be buoyant, floating along on a raft of strong economic indicators. Unemployment is falling, incomes are rising, and interest rates are relatively low. But instead it has run aground. The real ...
    2008-05-21 01:26:00
  • In Britain, Too, Home Prices Are Falling - US News and World Report

    LONDON—By all rights, Britain's housing market should be buoyant, floating along on a raft of strong economic indicators. Unemployment is falling, incomes are rising, and interest rates are relatively low. But instead it has run aground. The real ...
    2008-05-21 01:26:00
  • What The Bankers Have To Do Now - Forbes

    Bank chiefs are hard at work repairing badly damaged images, and balance sheets, as a result of the 10-month-old credit crisis. At some point, they'll have to get ahead in the aftermath of the crisis, which will leave most with sharply rising loan ...
    2008-05-21 02:09:00
  • Sector Snap: Housing shares fall on loan volume - CNBC

    NEW YORK - Housing stocks declined Wednesday after a trade group said mortgage applications fell last week and a ratings agency slashed one homebuilder's credit ratings to junk status. The Mortgage Bankers Association said Wednesday that both ...
    2008-05-21 09:09:00
  • Can my lender renege on a rate agreement? - Guardian Unlimited

    Q I have a mortgage with a specialist lender, which has a fixed rate until November. It says on my paperwork that it will revert to 1.5% above the lender's variable rate when the fixed-rate deal ends. Can the company go back on this, even though I ...
    2008-05-21 04:58:00
  • Tory party’s spiritual home The Carlton Club finally welcomes women ... - Times Online

    Ninety years after the first British women cast their votes in a general election, and a mere 29 years since the election of a female Prime Minister, the fairer sex have claimed perhaps their most momentous victory. The Carlton Club, since 1832 the ...
    2008-05-21 03:28:00
  • Malcolm Turnbull fuels Liberal Party fire - News.com.au

    DEFIANT shadow treasurer Malcolm Turnbull is standing firm in his opposition to the Coalition's official policy of backing a 5¢-a-litre cut in petrol taxes. Despite days of pressure in the wake of revelations he had attacked the policy in an email ...
    2008-05-21 03:28:00
  • Kagame meets for talks with Singapore Prime Minister - Rwanda New Times

    President Kagame inspects a guard of honour on arrival in Singapore. (Photo/ PPU). ISTANA - Singapore, May 21: President Kagame today met with Prime Minister Lee Tsieng Loong of Singapore following an official welcome ceremony held at the Istana that ...
    2008-05-21 04:04:00
  • D.R. Horton, Inc., America's Builder, Announces Exchange Offer and ... - MSN MoneyCentral

    FORT WORTH, Texas, May 21, 2008 (PRIME NEWSWIRE) -- D.R. Horton, Inc. (NYSE:DHI), America's Builder, today announced the commencement of an offer to exchange any and all of its outstanding 9.75% Senior Subordinated Notes due 2010 (the "Existing Notes ...
    2008-05-21 04:04:00
  • Japan's banks count cost of US sub-prime crisis - Guardian Unlimited

    Japan's megabanks are this week counting the cost of the US sub-prime crisis, with annual earnings reports showing combined losses for the last financial year edging towards ¥1 trillion (£4.9bn). The combined cost of the writedowns made by Japan's ...
    2008-05-21 06:10:00
  • Macquarie Group takes $300m sub-prime hit - News.com.au

    THE American sub-prime crisis has hit Macquarie Group's real estate investment trusts hard, causing the group to write down $293 million in its property investments. The assets of Macquarie's listed trusts are mostly in the US, where property values ...
    2008-05-21 08:26:00
  • US loan applications dive with house sales - News.com.au

    APPLICATIONS for US home mortgages fell to the second-lowest level of the year last week as interest rates rose, an industry group said overnight. The US Mortgage Bankers Association (MBA) said its seasonally adjusted index of mortgage application ...
    2008-05-21 04:40:00
  • Ottawa tightens "Product of Canada" labeling rules - Forbes

    OTTAWA (Reuters) - If a food item says "Product of Canada," all the ingredients and the processing will soon have to be Canadian under new rules announced Wednesday by Prime Minister Stephen Harper. Harper said the government wanted to avoid a ...
    2008-05-21 12:08:00