Mortgage and Financial News From 2008-3-26 Page 2
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Australian Banks Weathering Storm, RBA's Stevens Says (Update2) (Bloomberg.com)
March 27 (Bloomberg) -- Australian banks are ``weathering the storm'' caused by the slump in global credit markets, remain profitable and have ``sound'' capital reserves, central bank Governor Glenn Stevens said.
2008-03-26 05:22:14 -
Mervyn King pledges to help banks fight crisis (Daily Telegraph)
The Bank of England Governor has promised to work with banks to find a lasting solution for the credit crunch after London interbank borrowing rates broke the 6pc barrier for the first time since December.
2008-03-26 05:25:46 -
Utahns concerned about economy, schools (Deseret Morning News)
Utah not only can survive the United States' worsening economic woes but should be striving to have the best economy in the nation, Gov. Jon Huntsman Jr. said Wednesday.
2008-03-26 05:40:36 -
Iceland contagion may spread far and wide (Daily Telegraph)
Iceland's precarious economy is a warning to other deficit nations about breaking the safe credit 'speed limit'
2008-03-26 05:42:17 -
Hubris brought crisis, says Mervyn King (Daily Telegraph)
If Mervyn King's relations with the City's financiers really are thawing - as some claim - there was little evidence of it yesterday.
2008-03-26 05:43:56 -
Despite Thunderclouds in the United States, Business Confidence Is Up in Europe (New York Times)
Few officials or economists expect Europe to escape the effects of a downturn in the United States, but Europe?s broader economy is demonstrating startling resilience.
2008-03-26 06:12:06 -
Moderate growth for Irish banks (Irish Examiner)
IRISH banks face a year of “moderate” profit growth in 2008 and lower levels of activity, according to ratings agency Standard & Poor’s (S&P) yesterday.
2008-03-26 06:19:04 -
Spooked: Credit Market Concerns Haunt Commercial Mortgages (CoStar Group)
Market conditions are like walking through a haunted house these days, with a new scare waiting around every corner. Lately the commercial mortgage market appears to be spooked as the market for commercial mortgage-backed securities (CMBS) - one of the...
2008-03-26 06:24:02 -
Mortgage Lender Having Record Success Despite Market Conditions (Marketwire via Yahoo! Finance)
Despite the nationwide downturn in the housing market and tightening credit standards for those looking to purchase or refinance a home, Pentagon Federal Credit Union, which offers competitive rates to high-quality borrowers, continues to see growth in mortgage loan volume.
2008-03-26 01:48:00 -
Use Auto Refinancing to Ease the Family Budget (The Bradford Era)
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. It's reported that gas prices could exceed $4 per gallon this summer.
2008-03-26 02:12:18 -
Wells Fargo home mortgages can help with financing needs (Times News)
2008-03-26 02:14:17 -
Buck Bay residents eligible for relocation aid after months of waiting (The Gainesville Sun)
The mobile home park residents are suing the owner of the property.
2008-03-26 03:17:27 -
Mortgage aid plan sees role for Fannie, Freddie (Washington Post)
WASHINGTON (Reuters) - Fannie Mae (FNM.N) and Freddie Mac (FRE.N) would have to meet new goals to invest in troubled loans and erase some mortgage debt for borrowers facing foreclosure under legislation contemplated by a leading Democratic lawmaker.
2008-03-26 03:22:13 -
Is now the time to refinance? (NBC 2 Fort Myers)
NBC2 has a consumer alert about an easy way to get cash out of your home. Experts say refinancing is all about timing. Rates fluctuate, but right now the overall trend is toward cheaper loans. We found four ways to tell if it's the right time for you to refinance.
2008-03-26 03:51:05 -
New-home sales slowest in 13 years, durables down (KPLC Lake Charles)
By Alister Bull WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell to the slowest pace in 13 years while orders for durable goods tumbled unexpectedly last month,...
2008-03-26 04:02:03