Mortgage and Financial News From 2008-7-16 Page 9
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Thai cenbank says ready to act on rising inflation - Forbes
BANGKOK, July 16 (Reuters) - The Bank of Thailand said on Wednesday it was ready to adjust its monetary policy if inflation accelerated further after the bank's first interest rate rise in two years, Assistant Governor Duangmanee Vongpradhip said ...
2008-07-16 01:57:00 -
Thailand Raises Rate to Cool Prices; May Act Again (Update2) - Bloomberg
July 16 (Bloomberg) -- Thailand's central bank raised its benchmark interest rate for the first time in two years to combat the fastest inflation in a decade and said further increases are possible. The Bank of Thailand increased its one-day bond ...
2008-07-16 02:11:00 -
Police arrest 30 more on mortgage fraud charges (Miami Herald)
Miami-Dade County Mayor Carlos Alvarez on Tuesday announced the arrests of 30 people on charges related to mortgage fraud, as he highlighted the ongoing efforts of a public-private task force charged with cracking down on the prevalent white-collar crime.
2008-07-16 12:10:36 -
CBA defends rate rise - Australian Broadcasting Corp.
Head of the Commonwealth, Ralph Norris, has defended lifting interest rates "out of step" with the Reserve Bank. The big banks have all announced further rate rises even though the Reserve Bank kept official rates on hold this month. Mr Norris has ...
2008-07-15 10:01:00 -
Montgomery Council OKs contracts for domestic staff (The Washington Examiner)
The Montgomery County Council voted Tuesday to require residents to provide written contracts for nannies, housekeepers and others who do household work, but excluded the elderly and those with disabilities from the landmark legislation.
2008-07-16 12:19:22 -
Consumer protection office to monitor domestic worker issues (The Washington Examiner)
Montgomery County's new domestic workers bill falls to the county's Office of Consumer Protection, and Director Eric Friedman said his office and its 10 investigators are increasingly being asked to administer or enforce the law.
2008-07-16 12:19:32 -
Arkansas News Bureau (Arkansas News Bureau)
Halter: Lottery promotion legitimate use staff's time By John Lyon LITTLE ROCK - Lt. Gov. Bill Halter said Tuesday his proposal for a state lottery to fund college scholarships is a public policy issue and therefore appropriate for his staff to spend time on during office hours.
2008-07-16 01:00:45 -
Patriots' affiliate sues bond insurer to block fees - Boston Globe
An affiliate of the New England Patriots football team is playing defense on a new field: the market for auction-rate securities. The Foxborough team affiliate has sued Ambac Assurance Corp., the big bond insurer, in a dispute similar to a raft of ...
2008-07-15 09:04:00 -
Thai c.bank raises rates 25 bps to fight inflation - CNBC
BANGKOK, July 16 (Reuters) - The Bank of Thailand (BoT) raised its benchmark interest rate by 25 basis points to 3.50 percent on Wednesday, the first rise in two years, in response to soaring inflation that hit a 10-year high in June. All but one of ...
2008-07-16 12:46:00 -
Nab subprime slime (New York Daily News)
A Brooklyn developer accused of swindling some 40 Crown Heights families out of millions was ordered held without bail Tuesday night after returning from his Israel hideout.
2008-07-16 01:20:17 -
Judge appoints trustee for Cetus bankruptcy case (Reno Gazette-Journal)
A federal bankruptcy judge appointed a trustee Tuesday to oversee the case of a Reno mortgage company recently taken over by the state after allegations of forged loan documents, possible fraud and questionable financing that has filed for Chapter 11 reorganization.
2008-07-16 01:50:09 -
RBA hints at rate cut - News.com.au
THE Reserve Bank of Australia governor Glenn Stevens has hinted that interest rates could be cut before inflation falls to within its target band. The RBA is forecasting that inflation will fall to the top of the two to three per cent annual ...
2008-07-15 10:01:00 -
$20M MORTGAGE CROOK IN 'DWI' (New York Post)
A Brooklyn man who faces up to 30 years in prison for a $20 million mortgage fraud was arrested for driving drunk and doing 90 mph in a Bentley on the Staten Island Expressway. Aleksander Lipkin, 29, of Sheepshead Bay, was speeding in a bus lane...
2008-07-16 01:50:15 -
FACTBOX-Global interest rates in 2008 - Reuters
LONDON, July 16 (Reuters) - The European Central Bank raised its main interest rate by a quarter percentage point to 4.25 percent on July 3. As a result the average rate set by central banks of the Group of Seven nations rose to 2.95 percent from 2 ...
2008-07-16 01:07:00 -
Car scam brings a stretch in prison (Mobile Press-Register)
Cathy Moss jumped at an offer by her husband's cousin to get in on a manager's incentive program for a heavily discounted new car from Honda and soon involved about a dozen of her friends, neighbors — even her pastor.
2008-07-16 02:22:18