Mortgage and Financial News From 2008-4-3 Page 01
Previous Day: 2008-04-02
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Poll: 81% of Americans think USA is on 'wrong track' (USA Today)
More than 80% of Americans believe the country is headed in the wrong direction, the highest such number since the early 1990s, according to a new survey.
2008-04-03 11:03:52 -
Housing aid bill favors business over borrowers (Times Leader)
WASHINGTON — A measure billed as boosting the slumping housing market showers money-losing businesses with $25 billion in tax relief in the next few years but offers just $3 billion to homeowners.
2008-04-03 11:08:44 -
Poll: 81 Percent Think US on Wrong Track (Seattle Times)
A new poll shows that more than 80 percent of Americans believe the country is headed in the wrong direction.
2008-04-03 11:11:06 -
IMF must take lead to save global economy: Bankers (Budapest Business Journal)
The world economy faces grave risks and its leaders must put aside national interests to take firm, coordinated steps to restore confidence and support growth, a powerful bank lobby group said on Thursday.
2008-04-03 11:19:01 -
IMF sees housing corrections, monetary challenges (Budapest Business Journal)
Several European nations that had housing booms might see a sharp fall in prices and policy-makers should treat real estate as an important economic indicator, an International Monetary Fund report said on Thursday.
2008-04-03 11:19:51 -
Rates on 30-year, 15-year mortgages move higher (The Times of Northwest Indiana)
WASHINGTON | Rates on 30-year and 15-year mortgages rose this week, delivering another dose of unwelcome news to the troubled housing industry.
2008-04-03 11:25:33 -
Buy Wal-Mart, Sell Goldman Becoming Easiest Wall Street Trade (Bloomberg.com)
April 4 (Bloomberg) -- The best trade on Wall Street these days may be buying Wal-Mart Stores Inc. and companies whose earnings will increase as the U.S. economy recovers, while selling the banks that were behind the subprime market meltdown.
2008-04-03 11:27:57 -
Foreclosure avoidance event scheduled for tomorrow (The Journal News)
The latest local effort to help homeowners in trouble with mortgage lenders gets under way at a free forum in Yonkers tomorrow, one of several in the metro region that already have attracted thousands of consumers.
2008-04-03 11:32:23 -
Fed Signals More Rate Cuts as Officials Cite Market Stresses (Bloomberg.com)
April 4 (Bloomberg) -- Federal Reserve officials signaled the central bank will keep lowering interest rates because financial markets remain distressed even after the fastest reduction of borrowing costs in two decades.
2008-04-03 09:42:46 -
Profits at U.S. Companies Probably Fell Again on Bank Losses (Bloomberg.com)
April 4 (Bloomberg) -- Earnings of U.S. companies probably fell for a third straight quarter as the subprime-mortgage meltdown hammered banks and consumer spending slowed.
2008-04-03 09:42:57 -
US official- Rubie Nottage's appointment "surprising" (The Nassau Guardian)
The decision of the Judicial and Legal Service Commission to appoint Rubie Nottage as a Justice of the Supreme Court, after she was indicted by the U.S. almost 20 years ago on alleged drug-money laundering offenses, was "surprising", an official at the United States Embassy told The Nassau Guardian in an exclusive interview.
2008-04-03 09:44:27 -
Business Briefs (The Post and Courier)
NEW YORK — Stocks notched a modest gain Thursday, with Wall Street cautious but hopeful that the financial system is on the mend. The stock market has been performing well recently because of new confidence about the global financial system, even in the face of poor economic data.
2008-04-03 09:44:56 -
Islamic bonds dive in Q1, latest credit crisis victims (Gulf Times)
DUBAI: Islamic bonds, or sukuk, are the latest victim of the global credit crunch, according to Zawya.com data.
2008-04-03 09:47:52 -
Checklist (The Washington Times)
Regional
2008-04-03 09:57:15 -
Elderly couple files first lawsuit under new anti-predatory lending law (Minnesota Public Radio)
Elderly Red Wing couple files what appears to be the first lawsuit under Minnesota's Anti-Predatory Lending law.
2008-04-03 10:01:30