Mortgage and Financial News From 2008-4-3 Page 8
Previous Day: 2008-04-02
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Consumers are really feeling the pinch (Independent Online)
Higher interest rates, rising prices and stricter lending criteria are starting to curb consumer credit demand, a major banking group says.
2008-04-03 01:12:32 -
Fight for healthy lifestyle (The Star)
It is a battle the Newcastle Combined Pensioners Area Council has fought for the past few years. The council, which represents pensioners from Newcastle, Lake Macquarie and the Hunter, put a submission to the recent senate inquiry to the Cost of Living Pressures on Older Australians.
2008-04-03 01:58:18 -
The Plans to Save Homeowners (BusinessWeek)
After bailing out Bear Stearns, Washington may throw a lifeline to homeowners facing foreclosure
2008-04-03 12:37:24 -
Two banks join mortgage exodus (Guardian Unlimited)
Co-operative Bank pulls deals and Lehman Brothers shuts its UK sub-prime divisions
2008-04-03 12:38:03 -
'Cheap, cheap!' (Erie Times-News)
The cost of gas? "Gas is crazy," says Dana Kluz. "We know it's gonna get worse, before it gets better." And home heating bills?
2008-04-03 12:44:04 -
Economists await 'pearls of RBA wisdom' (Hastings Gazette)
Homebuyers may get a better clue whether their already ballooning mortgage repayments will get any larger when Reserve Bank of Australia (RBA) officials are grilled by politicians Friday.
2008-04-03 12:49:53 -
Washington's housing fix taking shape (CNNMoney.com via Yahoo! Finance)
Senate Democrats and Republicans, under election-year pressure to do more about the mortgage crisis, worked around the clock Wednesday to draft a bipartisan housing bill that has been fast-tracked for a debate and vote.
2008-04-03 12:52:00 -
Some signs of optimism on economy (The Christian Science Monitor via Yahoo! News)
America's web of housing and financial problems has no simple or quick fix, but one vital ingredient of progress appears to be on the rise: hope.
2008-04-03 01:00:00 -
Bernanke Says Recession Possible (AP via Yahoo! Finance)
For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
2008-04-03 01:18:56 -
Texas Panhandle Banker: Times to worsen (Amarillo Globe-News)
[A man who grew up in Pampa and then made his fortune in banking warned Wednesday that the U.S. economy likely will worsen some while real-estate pledged loans and liquidity in the capital markets continue troubled times.
2008-04-03 12:09:07 -
Senate tentatively agrees on foreclosure bill (Dayton Daily News)
Senate Democrats and Republicans on Wednesday, April 2, reached a tentative deal on legislation addressing the national housing crisis, but omitted a foreclosure provision U.S. Sen. Sherrod Brown, D-Ohio, said would keep thousands of families in their homes.
2008-04-03 12:09:34 -
Senate leaders forge housing plan (The Oregonian)
WASHINGTON -- Senate leaders late Wednesday unveiled bipartisan legislation that would provide money for mortgage counseling, tax incentives for home buyers willing to purchase a foreclosed or newly built home and aid to states struggling with rising foreclosure rates.
2008-04-03 12:10:08 -
THREE million families 'will be plunged into negative equity within a year' (Evening Standard)
Three million families in Britain could be plunged into negative equity within a year.
2008-04-03 12:12:18 -
Builders Get Breaks From Congress (Bay News 9 Tampa Bay)
By ALAN ZIBEL WASHINGTON (AP) -- Homebuilders and the mortgage industry are emerging as big victors in a bipartisan agreement reached by Senate leaders on legislation designed to limit the housing crisis.
2008-04-03 12:15:43 -
Senate OKs bill to tackle housing woes (The Washington Examiner)
The Senate has come to an agreement on a bill aimed at plugging the gaping hole in the housing market, but the proposal is softer than legislation under consideration in the House, which could slow its path out of Congress.
2008-04-03 12:17:11