Mortgage and Financial News From 2008-6-30 Page 6
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Sell before the crunch says Wizard Home Loan founder Mark Bouris - News.com.au
THERE'S a significant number of Sydney homeowners on a knife-edge right now, when it comes to mortgage repayments. I'm going to be honest with you here, but you also need to be honest with yourself - if you've done everything you can but are still on ...
2008-06-30 07:02:00 -
KB Home 2Q loss widens on sales slump, charges - Tehran Times
The Los Angeles-based builder reported a larger second-quarter loss and a 55 percent drop in revenue. And the housing slump continued to eat away at the value of its assets, prompting it to book charges to account for the lower value of unsold homes ...
2008-06-29 01:16:00 -
Working Families Now Own Homes through NEW ERA - Bringing New Orleans Home Program (Louisiana Weekly)
(Special to the Louisiana Weekly) - For Carl Brown, homeownership was a just a dream until he heard about the NEW ERA - Bringing New Orleans Home Program at the Gates on Manhattan in Harvey.
2008-06-30 08:38:13 -
Mortgage lending falls by 65% in just ONE year to record low (Daily Mail)
The housing market was hit by more desperate news this morning as figures revealed the number of mortgages approved had fallen to a record low during May.
2008-06-30 08:53:49 -
US Economic Risks Signal Worst May be Yet to Come (Daily FX)
We do not really care about inflation. Those are the seven words the Federal Reserve can't say – or any other central bank for that matter. The seven words they can and did say, however, was that the "uncertainty about the inflation outlook remains high."
2008-06-30 09:09:14 -
Banks seen as key to revival of housing market (The Globe and Mail)
Description is not available
2008-06-30 09:36:31 -
Mortgage lending falls by 65% in just ONE year to record low (Evening Standard)
The number of people arranging a mortgage to buy a home has crashed to its lowest level since official records began. Just 42,000 people got a loan for house purchase last month, according to figures published today by the Bank of England.
2008-06-30 10:08:56 -
IndyMac: What Went Wrong? (PR Newswire via Yahoo! News)
New Report by Center for Responsible Lending Shows How IndyMac Fueled Growth with Unsound and Abusive Home Loans
2008-06-30 10:30:00 -
Oxford Funding Corp. Management Comments on Current Market Conditions - MSN MoneyCentral
As financial firms continue to suffer from the turmoil in the mortgage markets, many analysts believe the economy is less than half-way through the absorption and solution of the credit crisis. In addition to the problems with sub-prime and Alt-A ...
2008-06-30 03:56:00 -
American Mortgage Acceptance Company - SWOT Analysis - New Research ... - PR Inside
American Mortgage Acceptance Company Company Profile is the essential source for top-level company data and information. The report examines the company’s key business structure and operations, history and products, and provides summary analysis of ...
2008-06-30 06:41:00 -
Homeowners Fall Further Behind on Mortgage Payments (Update2) (Bloomberg.com)
June 30 (Bloomberg) -- Newly delinquent homeowners outnumbered those who caught up on overdue payments for a 26th straight month in May, according to a trade group that tracks loans to people who put down less than 20 percent.
2008-06-30 08:49:52 -
John Charcol axes 25pc of staff as mortgage market dries up (Daily Telegraph)
John Charcol, one of the UK's leading mortgage brokers, has become the latest victim of the slowing housing market, after cutting its workforce by 25pc and closing three offices.
2008-06-30 08:51:39 -
Oil Prices Hit New High; Wall St. On Edge (CBS News)
Stocks headed for a moderately lower open as oil prices set a new trading record and investors awaited a regional manufacturing reading for hints about where the market might be headed after last week's steep sell-off.
2008-06-30 09:00:04 -
AP Financial NewsBrief at 10:31 a.m. EDT (INO News)
Oil prices surged past $143 a barrel for the first time ever Monday, and the price for a gallon of gas hit an all-time high in the United States. Supply concerns and a fragile global economy continue to drive the price of oil to new highs, as well as continued tensions in the Middle East.
2008-06-30 09:08:52 -
Southern Cross Shares Plunge on Lowered Profit Goals (Update3) (Bloomberg.com)
June 30 (Bloomberg) -- Southern Cross Healthcare Group Plc plunged a record 58 percent in London trading after the U.K. care-home operator cut full-year profit goals and said credit woes are hampering the repayment of a loan.
2008-06-30 09:12:28