Mortgage and Financial News From 2008-5-25 Page 10
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Slowdown worse than predicted, warns IMF - Guardian Unlimited
The government faces another six months of economic pain with slower growth but limited scope for further cuts to interest rates, the International Monetary Fund warned last night. In its latest assessment of the UK economy, the Washington-based IMF ...
2008-05-23 03:40:00 -
Tough grades for One D - Detroit Free Press
Edsel Ford II, great-grandson of automobile pioneer Henry Ford, gets emotional when he talks about the current struggles and uncertain future of his hometown. "We want our kids to stay here. We want them to be of Detroit , like we are of Detroit ...
2008-05-24 11:53:00 -
Indiana Jones and the Kingdom of the Crystal Skull - Slate
If some 32 nd -century archeologist were to unearth a DVD copy of Indiana Jones and the Kingdom of the Crystal Skull (Paramount), her first task—after converting the barbaric early digital technology to a more current brain-wave-based viewing ...
2008-05-22 04:46:00 -
Bad loans are rising at Iowa’s banks (The Des Moines Register)
Iowa banks saw a surge in the number of problem loans last year due in large part to unrest in the housing industry.
2008-05-25 02:09:38 -
What's the impact of high oil, gas prices on consumers and the U.S. economy? (Coeur d'Alene Press)
Recently crude oil surged to an all-time trading high over $133, while gasoline prices, which for months lagged the big run-up in oil, suddenly accelerated quickly toward what experts fear could be $4 per gallon at the pump by the summer travel season.
2008-05-25 02:15:13 -
No more 'Fedspeak' on further interest rate cuts (AP via Yahoo! Philippines News)
Sounding a gong couldn't have made it clearer.
2008-05-25 02:23:00 -
Finding Potential for Debt in Distress (NYTimes.com via Yahoo! Finance)
Money managers have traditionally made profits buying distressed debt on the cheap, but individual investors can get into the game directly as well.
2008-05-25 02:38:47 -
GOP: Tenenbaum again challenging Gallegly, who's seeking 12th term (Ventura County Star)
After nearly 22 years in Congress, Rep. Elton Gallegly figures voters have a pretty good idea where he stands on most issues. "If you don't like what I've done before, you're probably not going to like it again," said Gallegly, who's running for a 12th term. "But if you like what I've done, and hopefully that's the reason people elected me to start with, then that's a good reason to continue to ...
2008-05-25 02:41:35 -
Finding potential for debt in distress (International Herald Tribune)
Investing in distressed debt is risky, but big profits can be made by converting it into equity ownership as restructured companies leave bankruptcy.
2008-05-25 02:45:20 -
(AFX UK Focus) 2008-05-25 10:27 No more 'Fedspeak' on further interest rate cuts (Interactive Investor)
WASHINGTON (AP) - Sounding a gong couldn't have made it clearer. Federal Reserve officials are putting out the word that further interest rate cuts are unlikely.
2008-05-25 02:52:18 -
Introduction to Debt Management (Carteret County News-Times)
(ARA) - If you are among the nearly seven million Americans whose short-term debt exceeds 20 percent of their annual net income, a debt management program may be able to help you.
2008-05-25 02:52:33 -
Company helps educate about mortgage process - Carroll County Times
Firefly Mortgage Inc., located at 4212 Ridge Road, Floor 1, Westminster, opened in January. The business, owned by William F. Dieck II and Helene E. Green, is open 9 a.m. to 6 p.m. Monday through Friday. The business helps to educate customers in the ...
2008-05-24 08:04:00 -
Aggressive lending targeted minorities - Bradenton Herald
Subprime lenders targeted Manatee County blacks, Hispanics and minority neighborhoods during the housing boom with high-cost loans that are now helping fuel the record rise in foreclosures, federal data shows. Nearly half of all home loans taken out ...
2008-05-24 08:39:00 -
Home calendar - Detroit Free Press
Rehab/Renovation Seminar: Learn about new programs for financing a foreclosed home that needs major and minor renovations/remodeling 9-11 a.m. Fri. at 309 S. Court St. in Lapeer. Free. Call Mike Manchester at 810-667-8424 to register. Home Buying ...
2008-05-25 12:21:00 -
Scotia street exemplifies how foreclosures are hitting suburban areas ... - Daily Gazette
Lauren Cosamano of Scotia sits on the front steps of her North Toll Street home with her 8-month-old son, Anthony. The home to the right at 121 North Toll is in pre-foreclosure status, and two other homes on the block have entered into pre ...
2008-05-24 11:46:00