Mortgage and Financial News From 2008-1-21
Previous Day: 2008-01-20
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Market suffers biggest one-day fall since 2001 (Australian Broadcasting Corporation)
The Australian share market is experiencing its biggest one-day fall since the September 11 terrorist attacks in 2001.
2008-01-21 06:30:09 -
Canberra commits to fiscal conservatism (The West Australian)
The federal government's moves to control inflation will help give investors confidence amid the slump on world stock markets, Assistant Treasurer Chris Bowen says.
2008-01-21 06:41:44 -
Rewards, With Risks, Go Into the Sale of the G.M. Building (New York Times)
The maneuvering over the sale of the 50-story tower is only the latest example of how the blood sport known as real estate is played in New York.
2008-01-21 06:53:28 -
Chancellor On Northern Rock: Key Points
Sky.com - ... Treasury confirmed plans to sell Government-guaranteed bonds to pay off the £24billion-plus the crisis-hit lender is ... and it comes to £55 billion in total," he said. "That is £2,000 for every family in the country. A second mortgage on every home to ...
2008-01-21 03:04:00 -
Bond scheme may lure more bidders for Northern Rock
Guardian Unlimited - ... unprecedented government backing for a private-sector rescue of the stricken lender ... George Osborne, said the new guarantees amounted to a £2,000 "second mortgage" for ... The bids for Northern Rock are being solicited while 1.4m home loans are due to ...
2008-01-21 04:16:00 -
Taxpayers to take on Northern Rock risk
Daily Telegraph - Northern Rock's mortgage book was not sufficiently attractive for Royal Bank of Scotland ... Northern Rock lent an average 78pc of the value of a home in the six months to June, just as the market peaked. The next closest lender was Alliance & Leicester ...
2008-01-21 05:20:00 -
Search continues for missing Burlco man
Courier-Post - Marital problems led a high-ranking executive of a collapsed subprime mortgage lender to kill his wife inside their home and then jump to his death from the Delaware Memorial Bridge, authorities said Saturday. Meanwhile, searchers continued to look ...
2008-01-21 02:21:00 -
U.K. plan calls for Northern Rock to issue bonds
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... Ailing mortgage lender would issue government-backed paper to repay emergency loans in move aimed to attract private-sector bids ...
2008-01-21 10:39:00 -
Northern Rock to Issue Guaranteed Bonds
Forbes - Treasury chief Alistair Darling said Monday that ailing mortgage lender Northern Rock would issue state-guaranteed bonds to repay ... Garrison Keillor: Misanthrope David A. Andelman Back home in Lake Wobegon, where the mood has turned somber. ...
2008-01-21 12:12:00 -
£25bn rescue plan ‘like a second mortgage on every family home’ - Times Online
£25bn rescue plan ‘like a second mortgage on every family home’Times Online, UK - 4 hours agoBut the Chancellor and the Prime Minister were accused by the Conservatives of saddling every home in the country with a £2000 second mortgage as the price ...
2008-01-21 01:43:46 -
Online home loan auctions a world first - Scoop.co.nz
Online home loan auctions a world firstScoop.co.nz, New Zealand - 4 hours agoThe scheme challenges mortgage brokers as the house property market continues to tighten. The online business is pitting home loan lenders against each ...
2008-01-21 01:51:52 -
Mortgage fall signals bleak outlook for lenders - Times Online
Mortgage fall signals bleak outlook for lendersTimes Online, UK - 4 hours agoFigures published yesterday by the Council of Mortgage Lenders (CML) showed that the total value of home loans granted in December fell to £22.6 billion, ...
2008-01-21 02:13:32 -
Mortgage Meltdown - WBTV
Mortgage MeltdownWBTV, NC - 2 hours agoShelly Price's monthly home mortgage is $1600 and this is why she is working 60 hours a week. "With two kids, its very hard," Price said. ...
2008-01-21 03:33:31 -
NoHo Fire Won’t Douse Area’s Growth - San Fernando Valley Business Journal Online (subscription)
NoHo Fire Won’t Douse Area’s GrowthSan Fernando Valley Business Journal Online (subscription), CA - 2 hours agoWylie founded Metrocities in 1989 and it is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume. ...
2008-01-21 03:36:06 -
Retailers in Mexico offer discounts to fight inflation - Los Angeles Times
Retailers in Mexico offer discounts to fight inflationLos Angeles Times, CA - 2 hours agoThey are voluntarily cutting prices on basic items at the government's urging as the cost of living climbs. Manufacturers complain they are picking up the ...
2008-01-21 04:03:15
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