Mortgage and Financial News From 2008-6-30 Page 5
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Money and Monetary Policy - Newsday
Where will the money come from? Gas and food prices are rising, mortgage interest rates are adjusting higher, loans are harder to find and unemployment is ticking up.
2008-06-30 01:08:00 -
Wachovia cuts early payment penalty in its Pick-A-Pay mortgage - MSN MoneyCentral
Wachovia said Monday that it's immediately waiving all prepayment penalties on its Pick-A-Pay residential mortgage loans, giving borrowers more flexibility to refinance out of the controversial loans. The move effects Pick-A-Pay mortgages on one-to ...
2008-06-30 01:15:00 -
UK house prices in grip of slump that experts expect to deepen - Daily Telegraph
Britain is in the grip of a housing slump as bad as at any stage since the 1970s, property experts warned, as data suggested that first time buyers had all but disappeared from the market. Banks and building societies are unable and unwilling to lend ...
2008-06-30 11:06:00 -
Gold Stocks Gearing Up For a Big Rally (Kitco.com)
While the broad market fell last week gold rallied hard. For the past few weeks we've seen gold and gold stocks held down as various US Federal Reserve officials have talked more hawkish about inflation and market analysts have predicted future rate hikes from the Fed later this year.
2008-06-30 09:07:10 -
JPMorgan guarantees all Bear preferred stock, debt (INO News)
(AP:NEW YORK) JPMorgan Chase & Co. said Monday it is guaranteeing all of Bear Stearns Cos. preferred stock and debt, as it prepares to take over the company's broker-dealer subsidiary July 15.
2008-06-30 09:27:12 -
Evans Halshaw cuts jobs (Express and Star)
A major car dealership with branches across the West Midlands is axeing jobs, it announced today. Nottingham-based Pendragon, which owns Evans Halshaw and Stratstone, warned of a sharp decline in used and new car markets as it announced 500 job cuts to trim costs.
2008-06-30 10:20:34 -
U.K. Stocks Rise Most in 2 Months; Rio Tinto, Vodafone Advance (Bloomberg.com)
June 30 (Bloomberg) -- U.K. stocks rose the most in two months, led by commodity producers, as oil climbed to a record and the Financial Times reported ArcelorMittal may buy a stake in Rio Tinto Group .
2008-06-30 10:21:52 -
Sub-prime chill reaches the Arctic (Guardian Unlimited)
Business & money: A small Norwegian community faces cuts to essential services after losing tens of millions
2008-06-30 10:57:58 -
Marshfield residents charged in alleged mortgage scam (Marshfield Mariner)
Two Marshfield residents were indicted June 26 on charges relating to an alleged mortgage scheme involving properties in Worcester County.
2008-06-30 11:01:25 -
WaMu Retail Banking Chief Out (Updated) (TheStreet.com)
The Seattle thrift said in an SEC filing that James Corcoran had left the company.
2008-06-30 11:17:11 -
SharperLending Platform Becomes HVCC Compliant for Lenders, Brokers and Appraisers (Centre Daily Times)
SharperLending, LLC, technology provider of mortgage product and servicing solutions, enhanced their SharperLending platform to achieve a level of compliance based upon the Home Valuation Code of Conduct (HVCC) being sponsored by the Attorney General of New York and the two Government Sanctioned Entities (GSE's).
2008-06-30 11:53:48 -
U.S. Mortgage Rates Climb To 6.45 Percent - All Headline News
Washington, D.C. (AHN) - Mortgage rates are starting to climb, taking away one of the last pillars that support the long-ailing housing market in the U.S. According to Freddie Mac, the average rate on a 30-year fixed rate mortgage slowly inched up to ...
2008-06-30 08:57:00 -
Florida's First Up Front Mortgage Broker to Lead Local Quest for ... - Earthtimes
Florida Mortgage Broker Stephen Parnell of Boca Raton based LynxBanc elected an officer of the Upfront Mortgage Brokers Association (UMBA) BOCA RATON, Fla., June 30 BOCA RATON, Fla. , June 30 -- LynxBanc Mortgage Corporation ( http://www.lynxbanc.com ...
2008-06-30 06:55:00 -
Mortgage rates creeping upward - USA Today
Sign up for USA TODAY's Managing Your Money e-mail newsletter. Every Friday, you'll get a week's worth of USA TODAY's personal finance news and columns. The experienced columnists and reporters at USA TODAY give you the news you need and advice you ...
2008-06-28 05:56:00 -
Subprime, Alt-A Bonds to Extend Drop as Banks Limit Purchases - Bloomberg
June 30 (Bloomberg) -- Subprime and Alt-A mortgage bonds, trading at or near record lows, may continue their declines as banks limit purchases of some securities and are forced to sell off what they hold, JPMorgan Chase & Co. analysts said. Prices ...
2008-06-30 09:04:00