Mortgage and Financial News From 2008-5-29 Page 9
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Mortgage belt squeezed - News.com.au
THE mortgage-belt suburbs of Hampton Park, Craigieburn and Roxburgh Park are reeling from interest rate rises, and are falling behind with their repayments. Families in the new suburbs in the outer southeast and north are slipping further into ...
2008-05-29 07:40:00 -
Mortgage rates rise, topping 6% - CNN Money
(CNNMoney.com) -- Rates on 30-year mortgages were pushed up this week above 6 percent amid growing concerns about inflation, mortgage backer Freddie Mac said Thursday. Freddie Mac said 30-year fixed-rate mortgages averaged 6.08% with an average of 0 ...
2008-05-29 08:38:00 -
Document Systems Celebrates 20 Years in the Mortgage Business - Forbes
Document Systems, Inc. (DSI), Carson, CA, has announced that it has passed a major milestone by serving the U.S. financial services industry for over 20 years. When the company was founded, mortgage loan officers completed applications with ...
2008-05-29 07:55:00 -
Higher Treasury Yields Means ``Darker'' Outlook for Housing - Bloomberg
May 29 (Bloomberg) -- Rates for fixed mortgages , the loans used by nine out of 10 U.S. homebuyers, are poised to rise, and may extend a housing slump that's already in its third year. The yield on the 10-year U.S. Treasury note increased to the ...
2008-05-29 09:28:00 -
Bear Stearns Shareholders Approve Buyout (NYTimes.com via Yahoo! Finance)
The widely anticipated “yes” vote at Bear Stearns means the company will officially become part of JPMorgan Chase by Friday
2008-05-29 09:36:18 -
Nevada's Teachers' First Home Loan program awards first teacher loan (News 4 Reno)
Teachers' First Home Loan, a program Governor Jim Gibbons announced during his 2007 State of the State address has funded its first loan. Teacher James Pavlik of Brinley Middle School in Clark County School District has received the first loan from this program.
2008-05-29 09:40:12 -
JPMorgan Seals Bear Stearns Purchase, Ending Era (Update2) (Bloomberg.com)
May 29 (Bloomberg) -- JPMorgan Chase & Co. won approval of its purchase of Bear Stearns Cos., shuttering an 85-year-old firm whose collapse ranks along with Drexel Burnham Lambert as the biggest in Wall Street history.
2008-05-29 09:44:11 -
Morgan Stanley, Citigroup Bankers Leave as LBOs Slow (Update2) (Bloomberg.com)
May 29 (Bloomberg) -- Bankers who arranged financing for last year's largest leveraged buyouts -- TXU Corp. and First Data Corp. -- are leaving their firms as the pace of takeovers slows, creating an opportunity for less established lenders to fund acquisitions.
2008-05-29 10:01:09 -
Bear Stearns shareholders OK buyout by JPMorgan (Long Island Business News)
Bear Stearns Cos. shareholders on Thursday approved JPMorgan Chase & Co.'s $2.2 billion buyout of the investment bank whose wagers on subprime mortgages made it the largest corporate casualty of the global credit crisis.
2008-05-29 10:01:10 -
Royal Bank, National Profits Drop on Writedowns; CIBC Has Loss (Bloomberg.com)
May 29 (Bloomberg) -- Royal Bank of Canada and National Bank of Canada reported profit declines as writedowns on subprime debt overshadowed higher revenue from consumer banking and insurance.
2008-05-29 10:02:19 -
CNN - Man Pays $30K In Rent, Faces Eviction (WSMV Nashville)
Charles Nelson Paid About $30,000 In Rent Since He Moved Into A Four-Bedroom Home Last August. But His Landlord Did Not Pay The Mortgage And The Bank Is Demanding The House Back. Nelson Fears What's Next: "Is Somebody Going To Knock At The Door And Throw Me Out?"
2008-05-29 10:07:13 -
Bankruptcy and Small Business Loans (BusinessWeek)
You're unlikely to get an SBA government-guaranteed loan if you already have too much debt, but there are ways to improve your chances
2008-05-28 12:58:41 -
Closing Glance: Shares of commercial banks drop (The Forex Market)
NEW YORK (AP) - Commercial bank stocks dropped Wednesday after data showed mortgage application and refinance volume fell last week. The Mortgage Bankers Association said mortgage application volume slipped 4.6 percent during the week ending May 23. Refinance volume fell 8.9 percent.
2008-05-28 01:27:57 -
More News (Gazette.Net)
Jean Atkinson, 59, president and sole employee of Atkinson Properties & Builders Inc. in Oxon Hill, has helped families afford custom houses in Clinton through lease purchase agreements since the early 2000s.
2008-05-28 06:04:05 -
DIGGING A HOLE (Orlando Weekly)
DIGGING A HOLE New assessment of our country's financial status isn't pretty.
2008-05-28 09:07:53