Mortgage and Financial News From 2008-8-3 Page 3
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More gloom on the Mortgage Front - Down Payments & Insurance costs ... - Best Syndication
Falling property prices should be good news for prospective buyers, but it’s just not happening that way. All over the US & UK, long-time renters and prospective investors are finding that down payment requirements and up-front mortgage fees are ...
2008-08-03 01:46:00 -
The faster house prices fall, the better off we’ll be - Daily Telegraph
Something must be done! This is something. Therefore it must be done. Following such logic, governments have blundered into all sorts of interventions which they have subsequently lived to regret. By contrast, last week's interim report from Sir ...
2008-08-03 04:23:00 -
Weekend Reading: In a Mode (TheStreet.com)
Oil and financials are likely to drive the action, once again. The Fed will also weigh in this week.
2008-08-03 12:26:44 -
Economy Avoiding Recession on Stimulus Package? (INO News)
(RTTNews) - Finally, some evidence supporting claims that the U.S. economy may have been through a recession emerged, as the Commerce Department revised down its estimates for fourth quarter GDP of 2007 to a small negative growth. However, economists are now more sanguine.
2008-08-03 12:39:01 -
Rising material costs put developers in limbo (The Star)
THE escalating cost of building materials is raising concerns over the widening gap between the income levels and the selling price of properties as well as availability of affordable housing.
2008-08-03 04:59:19 -
Argo Investments profit soars (Herald Sun)
ARGO Investments says volatility in the Australian share market is likely to continue after it posted a large rise in profit.
2008-08-03 05:08:00 -
Argo books 71.5pc profit (Adelaide Now)
ADELAIDE-based Argo Investments has booked a 71.5 per cent jump in net profit to $294.1 million boosted by asset realisations.
2008-08-03 06:00:00 -
Perspire to retire! (Salon.com)
I was all fired up to save for the future. Then I found out I was a day late and about, um, $90,000 short.
2008-08-03 06:11:52 -
Top Scoops (Scoop.co.nz)
"I think the [US financial] system is basically sound, I truly do." George W. Bush, July 15, 2008 “Since 1951, the budget of the Department of Defense each year exceeds the net profits of all U.S. corporations.
2008-08-03 06:40:58 -
Hope for homeowners: Questions and answers on new bill - Fort Worth Star-Telegram
It will allow those who qualify to cancel their old mortgage loans and replace them with 30-year fixed-rate loans for up to 90 percent of the home’s current value. The Federal Housing Administration will insure a to- tal of $300 billion of the ...
2008-08-02 07:38:00 -
Family's money woes center on the house - Ann Arbor News Blog
File: Leisa Thompson, The Ann Arbor News Jay and Betty Jahnke: Still worried about their mortgage payment and tuition bills for their daughter. Most of the Jahnke family's financial issues come back to one sore source: Their house. For years, Jay and ...
2008-08-01 05:59:00 -
Fed likely to hold rates steady amid crosscurrents (The Economic Times)
Ben Bernanke and his central bank colleagues are faced with dueling problems: weak economic growth and advancing inflation.
2008-08-03 02:37:47 -
Alternative Energy Technology Center, Inc. Effects Name Change, Symbol ... - MSN MoneyCentral
The Alternative Energy Technology Center, Inc. (PINKSHEETS: AETE) announced that effective today at the close of business, the Company will change its name to "Alternative Energy Technology, Inc." and begin trading under its new symbol (PINKSHEETS ...
2008-08-01 04:54:00 -
Measuring the safety of reverse loans - Chicago Tribune
WASHINGTON - With an estimated 77 million Baby Boomers about to hit their golden years, the reverse-mortgage market is heating up. Not necessarily by the senior set, less than 2 percent of whom have decided to turn the equity in their homes into cash ...
2008-08-01 02:31:00 -
Life Lessons 101 - Street.Com
At Golden Gateway -- a Web site devoted to Reverse Mortgages, there is a unique calculator designed to compare actual products and actual withdrawal amounts. All you do is input your age (and that of your co-borrower), as well as your Zip code and ...
2008-08-03 07:19:00