Mortgage and Financial News From 2008-5-17 Page 2
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How much will a new build cost if you fall for a freebie? (Independent)
It's common knowledge by now that mortgages are much harder to come by than they were this time last year. But the new-build section of the housing market has been hit particularly hard as lenders tighten their criteria for what is seen as a more "risky" type of property.
2008-05-17 04:21:03 -
Debt epidemic hits middle class (Guardian Unlimited)
Business & money: Decade of cheap credit now causing problems for once relatively well-off people, writes Jill Insley
2008-05-17 05:25:30 -
Camelot may prove another headache for Brown (Daily Telegraph)
As if the government didn't have enough headaches, another might be coming along to make Gordon Brown and co reach for the Nurofen. This time, it's nothing to do with banking collapses or tax U-turns (although more of those will undoubtedly arrive with this lot in Downing Street).
2008-05-17 05:29:56 -
Home owners and lenders gather for foreclosure fair (WISH-TV Indianapolis)
With home foreclosures on the rise an event Saturday brought lenders and homeowners together.
2008-05-17 06:08:46 -
The $100,000 house makes big comeback (Minneapolis-St. Paul Star Tribune)
Qualified home buyers are breathing life into entry-level and low-end housing markets.
2008-05-17 06:38:56 -
Advertisement starts (Tiscali)
past underwriting standards for loans were so sloppy that inventories of homes are bloated and it will take time for normal activity to resume. "There were years of excesses," Paulson said. "And this won’t be resolved quickly."
2008-05-17 07:42:01 -
Group grants new life to abandoned homes (Milwaukee Journal Sentinel)
Early in May, the built-in planters on the porch of the yellow bungalow on N. 40th St. held nothing but a few weathered...
2008-05-17 08:21:57 -
Home foreclosures alter lives, but help available (The Gazette)
The tan two-story with the wide white porch doesn't stand out in a row of old two-story homes along Bever Avenue in Cedar Rapids, but to Genia Martinez, it was more than just a house.Genia Martinez's granddaughters looked forward to their weekend visits at "Nana's Place" during her five years in the house with the high ceilings and the beautiful oak staircase. She became close friends with many ...
2008-05-17 08:22:53 -
Lenders Raise the Bar (NYTimes.com via Yahoo! Finance)
A survey of mortgage lenders found that standards were significantly tighter in April than they had been in January.
2008-05-17 08:37:14 -
Cities starting to file suit against banks on foreclosed homes (The Oshkosh Northwestern)
MINNEAPOLIS Valeria Golebiowski moved to the Hawthorne neighborhood 45 years ago, and shes staying even as it crumbles around her.
2008-05-17 08:41:59 -
Americans snap up UK firms despite dollar weakness - Daily Telegraph
Fifteen years ago, when the chief executive of an American utility giant decided he fancied expanding into Europe, he called a London banker and announced: "We want to buy a Limey water company." Recalls the banker: "He then started with the company ...
2008-05-17 03:47:00 -
Bank of Japan May Keep Rate at 0.5% on Growth Outlook (Update1) - Bloomberg
May 16 (Bloomberg) -- The Bank of Japan will probably keep interest rates on hold next week after it slashed its growth estimate and shelved a two-year policy of seeking higher borrowing costs. Governor Masaaki Shirakawa and his six colleagues will ...
2008-05-14 05:52:00 -
The Buyout Boys Purchase Own Debt - Washington Post
On a spring day at the Ritz-Carlton hotel in Key Biscayne, Fla., Michael Klein, Citigroup 's chairman for institutional clients, took the stage at the bank's ninth annual private equity conference. In front of pension fund investors, hedge fund ...
2008-05-17 06:10:00 -
Bank of England dashes hopes of interest rate cuts amid inflation ... - Daily Telegraph
Hopes of early relief for homeowners in the form of lower interest rates were dashed by the Bank of England today as it forecast inflation could reach 4pc in the months to come. Governor Mervyn King effectively signalled an extended period of ...
2008-05-15 12:29:00 -
More Aussies are working two jobs - News.com.au
Growing numbers looking for supplementary income Calculator : Work out a personal budget More personal finance news in our Money section A GROWING number of Australian workers are looking for extra sources of income in the form of a second job or ...
2008-05-17 04:30:00