Mortgage and Financial News From 2008-1-20 Page 01

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• Euro Falls to Four-Month Low Against Yen; ECB Predicts Slowdown

  Bloomberg - The ECB's scope to avoid a slowdown by lowering interest rates from a six-year ... Metway Ltd. in Brisbane, Australia, the nation's second-largest car and home ... in Brussels today that may discuss collateral damage from the U.S. subprime mortgage ...
  2008-01-20 10:29:00

• NZ scores poorly on housing affordability

  NZCity - Site Gallery NewsLinks TVNow Dating Auctions SearchNZ NZSearch Crime.co.nz RugbyLeague Make Home ... A New Zealand household can expect 18.6 years of income to go towards house cost and mortgage (excluding rates, taxes, maintenance and ...
  2008-01-20 02:30:00

• Home Resales Probably Fell in December: U.S. Economy Preview

  Bloomberg - Home Resales Probably Fell in December: U.S. Economy Preview By Courtney ... Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds ... Central bankers will cut interest rates by at least half a percentage point when ...
  2008-01-20 11:38:00

• Euro at risk from Europe’s own economic storm

  Daily Telegraph - The Federal Home Loan Bank system has quietly slipped mortgage banks $750bn since the crunch. It injected $210bn in November alone, with taxpayer guarantees. Citigroup gobbled $95bn. God bless socialism. The Fed will cut rates a half point to 3.75pc ...
  2008-01-20 04:24:00

• Mortgage crisis threatens American dream

  Vindicator - Under current law, courts can lower unreasonably high interest rates on secured loans, reschedule secured loan payments ... When servicers are unwilling or unable to voluntarily modify exploding, unsustainable home mortgage loans, Congress has a duty to ...
  2008-01-20 09:10:00

• 2008 may be brutal again for real estate

  Detroit News - CLARKSTON -- Metro Detroit's real estate market was socked hard last year, marked by the largest drop in home prices ... of homeowners with adjustable rate mortgages, or ARMs, found they couldn't afford the higher payments when their mortgage rates ...
  2008-01-20 10:08:00

• Home loan inquiries soar despite rate rises

  News.com.au - THE desire of Australians to own their own home shows no sign of abating, with the number of mortgage inquires continuing to soar, despite the spectre of higher interest rates and dearer petrol eating into the hip pocket. X Inc Finance said home ...
  2008-01-20 08:20:00

• Bank said no? Try a personal lender online - Seattle Post Intelligencer

  Bank said no? Try a personal lender onlineSeattle Post Intelligencer - 4 hours agoMinimum 640 credit score with a debt-to-income ratio (excluding mortgage) below 30 percent to borrow between $500 and $25000. Site sets interest rates based ...
  2008-01-20 06:09:59

• London suffers most as house prices fall - Tehran Times

  London suffers most as house prices fallTehran Times, Iran - 2 hours agoBritain's largest mortgage lender said Greater London led price falls in eight regions across the UK with a hefty drop of 6.3%. ...
  2008-01-20 08:14:16

• Some Pointers on Passive Investment in the World Market Portfolio - Lew Rockwell

  Some Pointers on Passive Investment in the World Market PortfolioLew Rockwell, CA - 2 hours agoA home usually requires a mortgage, so you are in debt. It requires tax payments and maintenance. Buying and selling it is very costly. A home eats money. ...
  2008-01-20 08:44:01

• Bankruptcy filings drop as reform makes it tougher for debtors - Dallas Morning News

  Bankruptcy filings drop as reform makes it tougher for debtorsDallas Morning News, TX - 2 hours agoThe legislation would allow bankruptcy judges to alter the terms of a mortgage on a debtor's principal home. Lenders oppose the proposal, saying it would ...
  2008-01-20 09:00:16

• Regional Briefs - Worcester Business Journal

  Regional BriefsWorcester Business Journal, MA - 1 hour agoThe state Division of Banks now requires nonprofit agencies that take part in a certain number of real estate transactions to be licensed as mortgage ...
  2008-01-20 09:02:11

• NZ houses least affordable, report says - Radio Australia

  NZ houses least affordable, report saysRadio Australia, Australia - 1 hour agoAustralia had been the least affordable country of the six, but New Zealand has overtaken it, partly because of high mortgage interest rates. ...
  2008-01-20 09:34:38

• Long-term joblessness hits the middle class - Canton Repository (subscription)

  Long-term joblessness hits the middle classCanton Repository (subscription), OH - 1 hour agoHis elderly in-laws took a home-equity loan to pay the mortgage on his three-bedroom Cape Cod, and his brother-in-law pays for the couple’s health insurance ...
  2008-01-20 09:35:09

• Euro Falls to Four-Month Low Against Yen; ECB Predicts Slowdown - Bloomberg

  Euro Falls to Four-Month Low Against Yen; ECB Predicts SlowdownBloomberg - 1 hour agoThe ECB's scope to avoid a slowdown by lowering interest rates from a six-year high will be limited by wage increases that are fueling inflation. ...
  2008-01-20 09:37:18

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