Mortgage and Financial News From 2008-1-15 Page 24

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  • Mortgage Borrowers Voted Off Fantasy Island - American Chronicle

    Mortgage Borrowers Voted Off Fantasy IslandAmerican Chronicle, CA - 4 minutes ago... homes is only the beginning of the “mortgage apocalypse” created by dreamers with an instant gratification habit and lenders greedy to “hook them up. ...
    2008-01-15 06:30:26

  • Homeowners paying more in home loan fees (The West Australian)

    Australian homeowners are paying higher fees on their home loans compared to some of their overseas counterparts, and the level of fees is stifling competition, according to consumer group Choice.
    2008-01-15 05:41:59

  • ELECTION 2008: With first votes in, Romney takes slight lead (Detroit Free Press)

    Mitt Romney edged ahead of Republican rival John McCain in early vote counting tonight, seeking to revive his weakened presidential candidacy with a hard-fought victory in his native state.
    2008-01-15 05:48:06

  • ELECTION 2008: MITT ROMNEY TAKES MICHIGAN (Detroit Free Press)

    UPDATED AT 9:20 P.M.: Winning his first major contest of the political season, Mitt Romney took Michigan's Republican presidential nod tonight, beating out Arizona Sen. John McCain and breathing a bit of life back into his campaign to be the GOP nominee.
    2008-01-15 06:03:05

  • Click here for continuously updated vote tallies (Detroit Free Press)

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    2008-01-15 06:03:15

  • Banks engaging in anti-competitive behaviour: Choice (Australian Broadcasting Corporation)

    Australian banks and financial institutions are engaging in anti-competitive behaviour in the home loan industry, according to the consumer group Choice.
    2008-01-15 06:12:47

  • US mortgage firm slashes 2,403 jobs (Stuff)

    IndyMac Bancorp, one of the largest US mortgage lenders, is cutting 2,403 jobs, or 24 per cent of its workforce, to cope with falling demand for home loans as the nation's housing slump deepens.
    2008-01-15 06:19:51

  • Australia's S&P/ASX 200 Declines in Longest Selloff in 7 Years (Bloomberg.com)

    Jan. 16 (Bloomberg) -- Australia's S&P/ASX 200 Index fell for an eighth day in its longest selloff in more than seven years. Macquarie Group Ltd. and National Australia Bank Ltd. led declines after Citigroup Inc. reported a record loss.
    2008-01-15 06:20:19

  • Housing market closest to slump for 15 years, say chartered surveyors (Guardian Unlimited)

    Tighter mortgage controls and interest rates to blame, say chartered surveyors
    2008-01-15 06:21:56

  • Rising prices for dairy products and vegetables

    Daily Telegraph - This increase helped keep inflation above the Bank of England's target figure last month, cooling hopes of big interest rate cuts later this year. The headline rate of consumer price inflation stands at 2.1 per cent, still above the Bank's two per ...
    2008-01-15 05:27:00

  • Rising inflation makes interest rate hike likely this month

    Warsaw Business Journal - The statistics showed a 4% growth in prices in December as compared to the same month in 2006, which marked the fourth month in a row of such growth dynamics. "The latest data shows that the threat is serious. It is not only food and fuel which is ...
    2008-01-15 04:37:00

  • Australian Consumer Confidence Fell Most in 14 Months (Update1)

    Bloomberg - Today's report suggests households will trim spending this year after the central bank increased its benchmark interest rate twice in 2007 to an 11-year high of 6.75 percent. Reserve Bank Governor Glenn Stevens will increase the benchmark ...
    2008-01-15 03:54:00

  • US RATE FUTURES-Jump on weak Dec retail sales

    Reuters - CHICAGO, Jan 15 (Reuters) - U.S. short-term interest rate futures jumped on Tuesday after a key report on retail sales for December was weaker than expected. Futures fully price a 50 basis point rate cut from the Federal Reserve this month and show ...
    2008-01-15 08:23:00

  • US RATE FUTURES-Ideas of 75 bps cut rise on retail, PPI data

    Reuters - CHICAGO, Jan 15 (Reuters) - U.S. short-term interest rate futures jumped on Tuesday after a key report on retail sales for December came in weaker than expected, pointing to weakness in the consumer sector late in 2007. The report added to ...
    2008-01-15 08:52:00

  • Top fund managers buy M&S, Next on rate cut hopes

    Reuters - LONDON, Jan 15 (Reuters) - Top fund managers are buying into battered retailer Marks & Spencer Plc and other British consumer stocks, hoping interest rate cuts will help avert the recession they believe some retail stock valuations imply. "I've ...
    2008-01-15 09:21:00

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