Mortgage and Financial News From 2008-3-5 Page 7

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    U.S. subprime mortgage market would collapse. It is unclear how the markets changed for Peloton, but in a February 28 letter to investors, it blamed its lenders for "severe" markdowns in the value of its assets, causing them to pull back on credit.
    2008-03-05 05:01:34
  • 10 things you should know about Silicon Valley's real estate market - right now! (San Jose Mercury News)

    Thousands of Silicon Valley residents are crouched on the sidelines of the housing market, watching and wondering when to make a purchase or put a home up for sale.
    2008-03-05 05:03:48
  • 'Short Sale' Gets Riverside Homeowners Out Of Debt (NBC 4 Los Angeles)

    A short sale can help homeowners struggling to make payments. In some Riverside neighborhoods, that's exactly what homeowners are doing.
    2008-03-05 05:07:26
  • O.C.'s FHA loan limit raised to $729,750 (Orange County Register)

    New conforming loan limit expected to be announced today.
    2008-03-05 05:16:11
  • British lenders ‘lost’ €910m to fraud (Irish Examiner)

    BRITISH mortgage-lenders probably lost more than €910 million last year to organised fraud that inflated property prices, said Britain’s Association of Chief Police Officers.
    2008-03-05 05:19:03
  • Loan squeeze hits buy-to-let investors (Daily Telegraph)

    The credit crunch has started to hit buy-to-let landlords, with mortgages for investors looking to rent out properties beginning to "dry up", research has shown.
    2008-03-05 05:21:05
  • Homeowners face rising costs as Chancellor unveils plans for 'gold standard' mortgages (Daily Mail)

    High-risk homebuyers could be forced to pay even steeper rates of interest under Budget proposals. Alistair Darling is considering a scheme that would see all mortgages graded by quality
    2008-03-05 05:33:01
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    of Michigan’s problems to a president who will do something about them." Romney is hunting for a breakthrough win in Michigan on Tuesday to keep his White House hopes alive after second-place finishes in Iowa and New Hampshire.
    2008-03-05 05:39:52
  • Aussie hostages were travel agents

    News.com.au - China Bestours general manager Jimmy Liu said the agents, from Sydney, Melbourne and Brisbane, had been on an eight ... 1. Will one night of passion get him out of my s... 2. Interest rate peak? 3. A view on climate change 4. The best sex is over almost ...
    2008-03-05 04:07:00
  • Bank of England set to hold rates for now

    Guardian Unlimited - These indicators seriously challenge the case for more aggressive interest rate easing at this stage," said Alan Clarke, UK economist at BNP Paribas.
    2008-03-05 09:26:00
  • 'Resilient' region can weather the storm

    Norrn Daily Leader - Tamworth’s retail sector is is well placed to ride out interest rate rises, said Tamworth Chamber of Commerce president Carrie Frith said. Ms Frith said that while local business was subject to the same concerns as the rest of the country, most ...
    2008-03-05 12:32:00
  • Interest hikes hitting home

    Norrn Daily Leader - TAMWORTH’S Schmiedel family is suffering interest rate stress on all sides. Not only has 39-year-old Michael and his wife Rachel just bought a new home – which they have chosen to finance with a fixed interest loan – they are also in the ...
    2008-03-05 12:32:00
  • Canada's Dollar Gains as Prices of Commodity Exports Advance

    Bloomberg - Canada's dollar will be well supported by the interest-rate difference and strong commodity prices, said Samarjit Shankar , director of global strategy for the foreign exchange group in Boston at Bank of New York Mellon.
    2008-03-05 02:26:00
  • Service sector growth likely to keep interest rates on hold

    Herald - However, the latest meeting of the Monetary Policy Committee seems too soon to yield the next 25-basis-point interest-rate cut to 5% on Thursday, given current elevated inflationary pressures.
    2008-03-05 03:52:00
  • Panic selling houses can be a costly mistake

    News.com.au - STRUGGLING homeowners have been warned not to panic and sell their properties following the Reserve Bank's 12th interest rate rise in a row. Rates are now at their highest level in 12 years but selling up during a slow market could leave people worse ...
    2008-03-05 04:07:00