Mortgage and Financial News From 2008-5-25 Page 01
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New mortgage loans plummet in Hawaii - Honolulu Advertiser
Hawai'i's mortgage lenders saw a nearly 50 percent drop in business in the first three months of the year as home sales slowed and lending rules were tightened. The total value of residential mortgages, commercial real estate loans and home ...
2008-05-25 10:58:00 -
Pending home sales reach record low (KVUE-TV Austin)
Homes for sale in Austin may attract a lot of potential buyers, but realtors say the new condo projects in downtown are giving traditional homes new competition. Pending sales recently hit an all time record low at just 54 percent.
2008-05-25 08:37:35 -
A HOUSE NOT IN ORDER (Pine Bluff Commercial)
A local nonprofit backed by the city began building much needed low-income housing in Pine Bluff 10 years ago. More than $500,000 later, it has built and sold just six homes.
2008-05-25 08:42:41 -
Subprime mess brings grief to many Hispanic families (BizJournals)
So far, Oregon's taking more of a glancing blow than a heavy hit from the mortgage and housing crisis.
2008-05-25 09:09:02 -
Fixed rate loans demand at two-year low (AAP via Yahoo!7 News)
More Australian borrowers are prepared to bet on variable mortgages, a leading mortgage broker says.
2008-05-25 09:34:11 -
GE's 'aggressive' approach could force Wizard sale (ABC via Yahoo!7 Finance)
The struggling mortgage lender Wizard Home Loans may be up for sale.
2008-05-25 11:00:00 -
Commodity broker Colosseum ups deals by 50% in 2007 (Prague Daily Monitor)
Prague, May 25 (CTK) - Colosseum, a domestic broker with commodities and financial derivatives, raised the volume of deals made last year by nearly a half to EUR8bn (over Kc200bn) and its revenues jumped by 46.3 percent to Kc63.2m, according to data from the company's annual report.
2008-05-25 11:07:47 -
GE pummeled by Wall St. illogic - Charleston Post & Courier
General Electric's Jeff Immelt cannot seem to please anyone. In April, when the company reported first-quarter earnings per share that came in 7 cents shy of expectations, traders hammered GE stock and numerous analysts renewed their longstanding ...
2008-05-25 08:53:00 -
Fixed rate loans demand at two-year low - West Online
More Australian borrowers are prepared to bet on variable mortgages, a leading mortgage broker says. Borrowers are shunning fixed rate loans, with demand falling to its lowest level in more than two years, Mortgage Choice said. Demand for fixed rate ...
2008-05-25 09:43:00 -
30 Seconds: Cap fees on credit cards - Times Reporter
I’d like to know how they can pass a law about these payday lenders in less than a month, but yet the credit card companies and different mortgage companies are killing the American people. If they can do this, it’s time to put a stop to those ...
2008-05-25 07:55:00 -
Buffett blames banks for credit crisis - News.com.au
BLAME for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, US billionaire investor Warren Buffett told newspaper El Pais in an interview published overnight. "The banks exposed themselves too much, they took ...
2008-05-25 09:28:00 -
TFN economic and business calendar to Friday June 6 - CNBC
LONDON (Thomson Financial) - Key items expected in the two weeks to Friday June 6 (approx GMT times) MONDAY MAY 26 ASIA -Singapore April manufacturing output BENELUX -Ackermans & van Haaren Q1 results, AGM EASTERN EUROPE -Polish finance minister ...
2008-05-25 09:50:00 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
Asian stocks drop as inflation fears fly
2008-05-25 09:01:26 -
Economy can work for investors (The Post and Courier)
Rob Schneider wants me to write a column for him: a guy who saves for retirement, who has money set aside for emergencies, who's employed and is current with his mortgage.
2008-05-25 09:07:06 -
Changes may bring dark days for condos (BizJournals)
NORTHEAST FLORIDA -- Changes in the underwriting standards of mortgage giant Fannie Mae have caused lenders to look more closely at condominiums and the companies that manage them, often resulting in more rejections of mortgage applications.
2008-05-25 09:15:38