Mortgage and Financial News From 2008-4-3 Page 4
Previous Day: 2008-04-02
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Some distressed debt investors are buying, but mainly mortgages (Market Watch)
SAN FRANCISCO (MarketWatch) -- Some distressed-debt investors have begun buying and if such activity picks up later this year it could help stabilize credit markets, experts said this week.
2008-04-03 04:33:35 -
Idea of Letting Bankruptcy Judges Modify Mortgages Dies in Senate (New York Times)
The Senate on Thursday rejected a proposal to let bankruptcy judges modify mortgages on primary residences to help financially distressed homeowners.
2008-04-03 04:37:43 -
Senate drops plan to help homeowners in bankruptcy court win better loan terms (Charleston Daily Mail)
WASHINGTON (AP) -- Republicans and business-friendly Democrats on Thursday scuttled a plan to give people threatened with losing their homes more leverage in winning favorable loan terms from their lenders in bankruptcy courts.
2008-04-03 04:41:32 -
Bank of England predicts credit squeeze will tighten its grip in next quarter (Guardian Unlimited)
Availability of mortgages expected to decline further amidst concerns over house prices and economy
2008-04-03 04:52:46 -
Foreclosures triple in Barstow (Desert Dispatch Online)
BARSTOW — The recent number of foreclosures in the Barstow area has tripled compared to last year and local real estate agents expect to see that number increasing in the next several months.
2008-04-03 04:56:32 -
House prices 'will crash soon': Bank chiefs warn YOUR home is overvalued by 30 per cent (Evening Standard)
House prices are 30 per cent too high in the UK and could soon crash, the International Monetary Fund warned yesterday. After a decade-long housing boom, it fears Britain is one of the most vulnerable countries in the world to a devastating price collapse.
2008-04-03 04:57:06 -
Weak economy sours U.S. public's view of future (International Herald Tribune)
Americans are more dissatisfied with the country's direction than at any time since the New York Times/CBS News poll began asking about the subject in the early 1990s.
2008-04-03 04:57:17 -
Stocks' wild ride isn't over (MSN Money Canada)
Even if the markets have touched bottom, there's still plenty that could go wrong. So don't unfasten your seat belt just yet.
2008-04-03 12:21:59 -
RIM Scoffs at 'R' Word With Doubled Profit, Revenue (TechNewsWorld.com)
RIM posted strong earnings and sales growth in its fourth quarter. The positive news signals that it has not seen the Apple iPhone cut into the market share for its BlackBerry device and that adoption may continue to grow even amid a weakening economy. RIM beat Wall Street targets for the quarter ending in March, shipped a record number of BlackBerry handsets and issued an outlook that was also ...
2008-04-03 12:24:46 -
Increase Expected In Australia Retail Sales (INO News)
(RTTNews) - A look at Australia's February retail sales highlights an otherwise quiet day of economic data reports for Australia and New Zealand.
2008-04-03 12:31:37 -
Church offers overview of financial crunch (The Delaware Business Ledger)
Construction and real estate executives were told today the American financial system faces its biggest challenge since the wave of bank failures in 1930.
2008-04-03 12:38:07 -
Co-op, Delmarva team up to outflank Bluewater Wind plan (The Delaware Business Ledger)
The Delaware Electric Cooperative and Old Dominion Electric Cooperative have joined Delmarva Power's competitive bidding process to acquire land-based wind energy to supply their customers.
2008-04-03 12:39:36 -
Fight For Something More Than 12 Cents A Day (The Chattanoogan)
I just wanted to personally thank each one of you that has taken such a keen interest and working so diligently to save the citizens of our town 12 cents a day with your rigid stance against the proposed Tennessee-American Water Company rate increase. Wow….a whole 12 cents a day.
2008-04-03 12:42:36 -
Television - Business (Scoop.co.nz)
The new minister for UK trade Lord Digby Jones is in the country currently to promote business opportunities for Kiwi companies.
2008-04-03 12:44:53 -
Proposal for a new electoral law and a meaningful mounassafah (The Daily Star Lebannon)
The basic compromise underlying the Taif Agreement was the affirmation by all parties and political leaders of their acceptance of Lebanon as their "final homeland" in exchange for the "Mounassafah:" An equal division of parliamentary seats between Christians and Muslims (to replace the 60-40 split in favor of the Christians).
2008-04-03 12:50:33