Mortgage and Financial News From 2008-7-16 Page 7
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Activists help condo owner fight eviction (Boston Globe)
The Bush administration is moving to rescue embattled mortgage backers Fannie Mae and Freddie Mac , but that doesn't help Roxbury native Paula Taylor, not one bit.
2008-07-16 07:10:06 -
Mortgage applications rise 1.7% (CNN Money)
Number of applicants for home loans increased last week as interest rates fell.
2008-07-16 07:13:53 -
When home is at risk, strangers become boarders (The Sarasota Herald-Tribune)
BALTIMORE
2008-07-16 07:21:54 -
Euro hits high vs. the dollar - Miami Herald
The euro roared to a new high against the dollar on Tuesday, reaching US$1.6038 in European trading as markets worried about the ongoing U.S. lending crisis and the state of the country's economy. The 15-nation currency's new all-time high against ...
2008-07-16 05:46:00 -
Derivatives Signal Bank Funding Difficulties Will Persist - Bloomberg
July 16 (Bloomberg) -- Interest-rate derivatives traders are increasingly betting that banks' difficulties shoring up balance sheets won't abate this year. The difference, or spread, between the dollar London interbank offered rate and the overnight ...
2008-07-16 04:49:00 -
Libor/OIS spreads widen on financial mkt worries - Guardian Unlimited
LONDON, July 16 (Reuters) - The interbank cost of borrowing three-month euro, dollar and sterling funds eased on Wednesday, but spreads over secured lending rates widened, indicating underlying concerns about the health of financial markets. Three ...
2008-07-16 04:56:00 -
Euro Shares at Lowest Since Late May 2005 - CNBC
The FTSEurofirst 300 index of top European shares fell to its lowest since late May 2005 by midday on Tuesday, as European shares succumbed to growing pessimism over the outlook for the banking sector. The FTSEurofirst 300 fell by 3 percent to a ...
2008-07-15 04:29:00 -
Failing confidence in U.S. economy roils markets (Honolulu Advertiser)
WASHINGTON — Fresh worries spread through world markets yesterday as a crisis of confidence battered more U.S. financial institutions and the chairman of the Federal Reserve issued a sober assessment of the country's economic woes. It appeared to mark a new phase in the U.S. financial crisis, with fears of a contagion effect that could yet weigh more heavily on the global economy.
2008-07-16 04:09:43 -
A Baffling Global Economy (Washington Post)
Why isn't globalization making the interconnected world more stable?
2008-07-16 04:13:36 -
Asian stocks close mixed as US woe crimps bargain hunters (ABS-CBNNEWS.com)
HONG KONG - Asian shares closed mixed Wednesday as concern about US financial sector woe curbed bargain hunting despite an earlier stock market slide and a plunge in crude oil prices.
2008-07-16 04:35:13 -
Global Economic Confidence Drops on Market Turmoil, Oil Surge (Bloomberg.com)
July 16 (Bloomberg) -- Confidence in the world economy slumped this month as a yearlong financial crisis engulfed the biggest U.S. mortgage lenders and the oil price jumped to a record, a survey of Bloomberg users on six continents showed.
2008-07-16 05:12:18 -
Inflation Numbers Due; Stocks Fall, Oil Drops (WAAY-TV Huntsville)
WASHINGTON - Investors get another reading on inflation today, this time for consumers, and the Federal Reserve reports on industrial production. Meanwhile, Federal Reserve Chairman Ben Bernanke testifies
2008-07-16 05:39:49 -
CBA won't rule out more home loan hikes - News.com.au
COMMONWEALTH Bank of Australia (CBA) chief executive Ralph Norris says there is still a risk the banks will make "out of sequence" hikes to mortgage interest rates. The big commercial banks have all raised their standard variable rates since July 4 ...
2008-07-15 09:54:00 -
Mortgage filings up 1.7% last week, MBA says - Marketwatch
CHICAGO (MarketWatch) -- Mortgage applications filed last week rose a seasonally adjusted 1.7% compared with the previous week, driven by an uptick in homeowners interested in refinancings, the Mortgage Bankers Association reported on Wednesday ...
2008-07-16 03:16:00 -
First-time buyer scheme announced - Guardian Unlimited
The scheme aims to give first-time buyers more flexibility. Photo: Rex/E M Welch A scheme to make homes more affordable by allowing first-time buyers to rent a property as they save up to buy it has been announced today by the government. Under the ...
2008-07-16 04:27:00