Mortgage and Financial News From 2008-4-3 Page 6

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• Dream tax haven turns into nightmare (Radio Netherlands)

  The European Union plans to toughen its policies on bank accounts held abroad. Foreign account holders in Liechtenstein will no longer be safe from the taxmen in their own countries.
  2008-04-02 05:43:40

• Council to decide whether to pose $8.5 million sewer issue to voters (The Joplin Globe)

  NEOSHO, Mo. — The Neosho City Council in two weeks should decide whether to call an August election on a measure that would allow the city to take out $8.5 million worth of low-interest loans for sewer projects, officials said Wednesday.
  2008-04-02 06:02:30

• Americas Watchdog Demands That Wall Street Explain The Option Rate Preferred Shares Fruad To Thousands Of US Investors. (PRWeb via Yahoo! News)

  Americas Watchdog is calling on Wall Street to explain the "option rate preferred shares" (ARMS) disaster to the investors who were suckered into these less than stable financial investments.
  2008-04-03 12:01:00

• 04-03-08 EUR ALL ON ONE PAGE (Eurweb)

  LEVERT'S FAM WANTS FBI TO PROBE DEATH: Cousin says Sean was never 'out of control' as warden described. *The family of singer Sean Levert has asked that the FBI get involved in the investigation of his death following an episode at Ohio's Cuyahoga County jail.
  2008-04-03 12:10:28

• IMF: Monetary Policy Should Take Housing Prices Into Account (Nasdaq)

  WASHINGTON -(Dow Jones)- Central banks in countries with more developed mortgage markets such as the U.S. should take home prices into account when crafting monetary policy, the International Monetary Fund said Thursday.
  2008-04-03 08:32:36

• Recession a possibility, Bernanke says (Arizona Daily Sun)

  WASHINGTON -- Ben Bernanke knows a recession when he sees one, and he's starting to sound like that's just what he expects to see.
  2008-04-03 08:47:28

• UK & World News: Cost of mortgages 'set to rise' (icNewcastle - Sunday Sun)

  Mortgage availability is set to get worse in the coming months with lenders warning they will lend less than during the first part of the year, a report has shown.
  2008-04-03 08:48:11

• Co-Op Says Its Hands Are Tied On High Rates (Mountain View Telegraph)

  By Laura Nesbitt Mountain View Telegraph Some directors of Central New Mexico Electric Cooperative expressed frustration recently at high electric rates— but were unable to come up with any ideas about how to lower them.
  2008-04-03 08:54:13

• Veteran builder not intimidated by crunch (The Arizona Republic)

  With more homes on the market than ever, many builders have gone dormant or have put on the brakes. But Jeff Blandford is forging ahead in northeast Mesa.
  2008-04-03 09:03:45

• House prices are 30% over-valued and need 'correction' says IMF as Bank warns of mortgage famine (Evening Standard)

  British house prices are up to 30 per cent over-valued and our homes face a dramatic drop in value, the top global financial watchdog warned today.
  2008-04-03 09:12:29

• Mortgages being pulled by lenders (Channel 4)

  Lenders are continuing to withdraw products and raise rates amid warnings that the current mortgage drought is set to worsen. A host of lenders made changes to their product range as the mortgage market continues to alter on a daily basis.
  2008-04-03 09:28:36

• Britain braces for housing woes (Market Watch)

  U.S. homeowners aren’t alone in feeling the pain of a bursting housing bubble.
  2008-04-03 09:39:21

• Bankruptcy revamp fades from Senate housing bill (EARTHtimes.org)

  WASHINGTON (Reuters) - The Senate on Thursday was moving toward rejecting a Democratic proposal to let judges ease mortgage payment terms for distressed borrowers in bankruptcy court, Senate aides said.
  2008-04-03 09:45:47

• Personal Finance Daily: Personal Finance Daily: Readers tell Fed to stop robbing savings (Market Watch)

  Congress now seems hell-bent on helping beleaguered homeowners out of the current housing mess, but MarketWatch readers have their own views on where the focus should be.
  2008-04-03 09:48:56

• UPI NewsTrack TopNews (Moldova.org)

  Missile system sends statement, Bush saysBUCHAREST, Romania, April 3 (UPI) -- The ingredients are coming together for a defense missile system in Europe, U.S. President George Bush said at the NATO summit in Bucharest, Romania.(It) looks like to me that the ingredients are coming together where that could be a distinct possibility, Bush said Thursday during a news conference with NATO ...
  2008-04-03 05:34:08

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