Mortgage and Financial News From 2008-1-1 Page 36

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  • US Nov existing home sales up; rate cuts urged (Straits Times)

    WASHINGTON - THE pace of existing US home sales edged up in November to a 5 million-unit annual rate and the median price fell from a year earlier, the National Association of Realtors said on Monday.
    2007-12-31 04:02:18

  • Fed uncertainty, recession risk clouds picture for bond funds (Market Watch)

    CHICAGO (MarketWatch) -- Credit-market turbulence, interest-rate intrigue, record high oil and a deflated U.S. dollar made for a white-knuckle quarter that capped a volatile year for bond mutual-fund managers. Their jobs may not get any easier in 2008.
    2007-12-31 01:20:17

  • Treasury bill interest rates are mixed (Sarasota Herald-Tribune)

    WASHINGTON -- Interest rates on short-term Treasury bills were mixed in Monday's auction.
    2008-01-01 01:45:05

  • New year brings tax savings for Canadians

    Globe and Mail - Brydon Thomas from Montreal, Canada writes: Look you guys, we're at the bottom of the OECD for tax rates. For crying out ... Compare the Ontario/Quebec figures. Don't forget Quebec is a 'have not' province!! So, maybe we should have one universal ...
    2007-12-29 03:53:00

  • Shock Poll Busts MSM Plot

    Slate - To show he's not an Iowa-only candidate, self-described "angry and confrontational" candidate Edwards releases a list of his "leaders and advisors" in Feb. 5 primary states. "[T]he list is not exactly overwhelming," says CBS's David Miller . Maybe ...
    2008-01-01 01:09:00

  • L.A. mortgage scam cost lenders $142 million

    Hampton Roads Daily Press - LOS ANGELES - Kathy Moore's loan application sailed through the mortgage desk at ... But of all those cases, few compare to an alleged three-year scam that used trumped ... Interest rates fell, and lenders capitalized on the frenzy by writing anything ...
    2008-01-01 01:16:00

  • Ohio Workers To Have Less Held For State Income Tax In 2008 (WLWT-TV Cincinnati)

    The new year brings Ohioans a state income tax cut.
    2007-12-31 01:30:22

  • Skyway Toll Rates Rise To $3 (NBC 5 Chicago)

    And if your traveling the Skyway tollway, reach for more change because rates go up at midnight.
    2007-12-31 02:05:27

  • L.A. mortgage scam cost lenders $142 million (Daily Press)

    Two developers and their pals secured loans on homes they allegedly overpriced. Kathy Moore's loan application sailed through the mortgage desk at Lehman Bros. Bank. And little wonder.
    2008-01-01 01:18:42

  • County real estate market makes U.S. top 10: Home sales prices jump 8 ...

    Farmington Daily Times - The news came in connection with the National Association of Realtors' characterization — based on a four-tenths of 1 percent increase in November sales nationally — that the home sales market has stabilized "in the wake of mortgage disruptions ...
    2007-12-31 11:00:00

  • Report: Indians denied home loans more often in 2006

    Minneapolis Star Tribune - The Forum analyzed a database containing records of 34,373 home loan applications made in North Dakota and 537,288 filed in Minnesota last year, as reported under the federal Home Mortgage Disclosure Act. American Indians, like other races, are denied ...
    2007-12-29 03:53:00

  • No fury like a city shorned

    Record - Donna Skrbina, 27, said the home mortgage bill she received Monday at her recently installed mailbox in Sheep Ranch was weeks late. The payment is due today. It is a tale of two ZIP codes. For years, Sheep Ranch residents happily existed as 95250 ...
    2007-12-31 11:50:00

  • U.S. existing home sales rise slightly in November

    Xinhua News Agency - WASHINGTON, Dec. 31 (Xinhua) -- Sales of existing homes in the United States rose slightly in November, indicating a stabilization in housing in the wake of mortgage disruptions earlier this year, the National Association of Realtors (NAR) reported ...
    2007-12-31 04:19:00

  • Watchdog group challenges RBC Centura's acquisition

    MSN MoneyCentral - The Inner City Press/Fair Finance Watch argues in a court case filed recently that RBC violated the Home Mortgage Disclosure Act by using "disparities" in its lending practices that excluded black and Latino candidates for mortgages. It also said the ...
    2007-12-31 01:13:00

  • FTI holds forth in turbulent '07

    Baltimore Sun - MuniMae took the extraordinary step of putting out two press releases last year to explain what the company does not do: subprime home loans, or any single-family mortgage lending, for that matter. The company finances real estate and clean energy ...
    2008-01-01 12:12:00

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