Mortgage and Financial News From 2008-5-16 Page 3
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AP News Calendar - FOX News
MONDAY: Treasury bill auction. TUESDAY: Labor Department reports on producer price index for April, 8:30 a.m. THURSDAY: Labor Department reports on weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, reports on mortgage rates. FRIDAY ...
2008-05-16 11:16:00 -
Banks make customers pay for lost profit - Financial Times
People are having to pay significantly more for everyday banking services than they were a month ago as providers ramp up the cost of credit and cut the interest paid by current accounts. Since the quarter-point cut in the base rate last month, many ...
2008-05-16 03:05:00 -
Kiwibank cuts mortgage rates - Stuff
Kiwibank is the first to drop mortgage rates to under 9 per cent as $45 billion in home loans comes due for renewal. The homegrown bank yesterday took its two-year fixed-term home loans to 8.99 per cent. Kiwibank chief executive Sam Knowles said the ...
2008-05-16 09:58:00 -
Bank rules out limit on mortgage asset swap (Gulf Daily News)
LONDON: The Bank of England reiterated yesterday its mortgage swap plan has no upper limit and refused to speculate on any final total after media speculated banks could exchange assets worth nearly twice the initial estimate.
2008-05-16 04:10:54 -
Markets have seen 'some improvement,' Bernanke says (Wisconsin State Journal)
WASHINGTON — Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday. The central bank has taken a number of unconventional steps — especially since March, when the credit crisis intensified — to help squeezed banks and big investment firms overcome problems and try to get credit flowing more freely again. ...
2008-05-16 04:18:10 -
Fannie Mae scraps higher down-payment (Inside Bay Area)
n Some lawmakers fear move will put company at risk of a bailout
2008-05-16 04:32:30 -
Barclays gets bullish over American shares (Daily Telegraph)
Barclays Wealth has advised clients to jump back into stock markets across the world, believing the danger of a severe downturn has receded after the dramatic rescue moves by central banks.
2008-05-16 04:44:45 -
Letters: We still believe Labour can win (Guardian Unlimited)
Letters: More than a decade ago we were all lucky enough to work as foot soldiers within the Labour party
2008-05-16 04:48:55 -
Sub-prime failings cost adviser £900,000 - Guardian Unlimited
A financial adviser that sold hundreds of sub-prime mortgages was fined almost £1m yesterday after it was found guilty of failing to check whether clients could afford the loans. The Financial Services Authority said it levied one of its highest ...
2008-05-16 01:29:00 -
Bernanke to banks: Keep raising capital - Chicago Tribune
Emphasizing the need to continue to build up a buffer against credit problems in the financial system, Federal Reserve Chairman Ben Bernanke on Thursday urged banks and investment banks to continue to raise capital. "Recent events have demonstrated ...
2008-05-16 06:30:00 -
Secretary of State offers guidance in car buying - Detroit Free Press
If you're in the market for a new or used vehicle, the Michigan Secretary of State's Office has advice to make the purchase a better experience. For many of us, cars are our second biggest monthly expense, behind the mortgage note or rent. The ...
2008-05-16 12:49:00 -
Carlyle to Acquire Booz Allen Unit for $2.54 Billion (Update3) (Bloomberg.com)
May 16 (Bloomberg) -- Carlyle Group, the private-equity firm run by David Rubenstein , agreed to acquire Booz Allen Hamilton Inc.'s U.S. government-consulting business for $2.54 billion, its biggest buyout since the credit markets collapsed in July.
2008-05-16 10:58:56 -
Beta Beats Alpha (GoldSeek.com)
*** Hey, good news: the Labor Department reports that the price of gas went down 2%. Hmm…so why is consumer confidence at its lowest point since 1980?
2008-05-16 12:18:50 -
T N Ninan: Servant, not master (Business Standard India)
Back in the early 1990s, the well-known Chicago economist Rudigar Dornbusch came to India and told a packed audience in New Delhi that India should simply stop trying to do cautious, step-by-step reform and go for a big bang approach.
2008-05-16 12:23:04 -
Shrinking nest eggs: How the ailing economy affects yours (USA Today)
Millions of Americans are counting on her 401(k) and her home equity to pay for retirement. But market and home equity returns have taken hits forcing many to fear they will have less and work longer than planned.
2008-05-16 12:37:49