Mortgage and Financial News From 2008-5-29 Page 16
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Broker, daughter accused of fraud (The Clarion-Ledger)
A Ridgeland mortgage broker and his daughter accused in a federal indictment of helping secure more than $8.5 million in fraudulent loans for borrowers say they have no money to pay for lawyers.
2008-05-28 11:11:15 -
DATA SNAP: UK Nationwide House Prices Post Record Drop (The Forex Market)
================================================================ Nationwide House Prices ! Consensus: -0.6% MM ! May Apr ! -1.9% YY ! on month -2.5% -0.9%r ! ! on year -4.4% -1.0% ! Actual: -2.5% MM ! r=revised ! -4.4% YY ! ================================================================
2008-05-28 11:13:28 -
UK house price decline accelerated in May (Daily Telegraph)
The fall in UK house prices accelerated this month as a combination of economic uncertainty and disruption in the mortgage markets hit the market.
2008-05-28 11:27:26 -
U.K. House Prices Drop the Most Since 1991, Nationwide Says (Bloomberg.com)
May 29 (Bloomberg) -- U.K. house prices fell in May by the most in at least 17 years as the shortage of credit starved the property market of buyers, Nationwide Building Society said.
2008-05-28 11:35:55 -
Libor Proxies Gain as Traders Seek Truth With Swaps (Update1) (Bloomberg.com)
May 29 (Bloomberg) -- Traders are starting to use alternative measures for borrowing costs as the British Bankers' Association struggles to keep the London interbank offered rate as the global standard.
2008-05-28 11:48:40