Mortgage and Financial News From 2008-3-23 Page 2
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The economy: US and the world (Online Journal)
"Madness is rare in individuals - but in groups, political parties, nations, and eras it's the rule." --Friedrich Wilhelm Nietzsche And no madness is worse than greed. Every so often people assume that somehow they can make money out of the thin air.
2008-03-23 09:56:53 -
Split forms on how to tighten regulation of Wall Street (International Herald Tribune)
As the U.S. Congress and the Bush administration struggle to contain the housing and credit crises - and prevent more Wall Street firms from collapsing like Bear Stearns - a split is forming over how to strengthen oversight of financial institutions after decades of deregulation.
2008-03-23 01:47:51 -
Bank of America may face $6.5 bln loan loss: analyst (KPLC Lake Charles)
By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp (BAC.N), the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future...
2008-03-23 02:02:13 -
Moneyfacts website finds fewer mortgage deals (Daily Telegraph)
About 10,000 mortgage products have been withdrawn following the credit crunch, according to Moneyfacts, the personal finance website.
2008-03-23 05:35:55 -
Should You Unlock Capital From Your Home? (The Motley Fool)
Does it make sense to borrow more money against your home?
2008-03-23 06:08:48 -
Area banks fare better than national average (The Telegraph)
When it comes to banks, bigger is not always better, Telegraph area community bankers say, so their customers don't have to worry about the sub-prime mortgage mess that is plaguing huge investment banks based on Wall Street.
2008-03-23 07:32:22 -
Kitty Rescued After Days in Tree (R News)
It isn't the kind of call that sends fire trucks responding with lights and sirens. But a not-so-busy Saturday morning allowed some Rochester City firefighters the time to make a rescue that came as a relief to some worried neighbors.
2008-03-22 01:49:28 -
Battered investors seek safe havens (Pioneer Press)
A week was all it took for one of Wall Street's most sophisticated risk managers to see its market value go from $8.2 billion to a tiny fraction of that.
2008-03-22 10:19:23 -
Retirees claiming benefits early not locked in to lower rate forever (The Clarion-Ledger)
Most financial decisions require trade-offs. If you want to earn better-than-average returns in the stock market, for example, you need to tolerate above-average risk. Similarly, an adjustable-rate mortgage offers lower initial payments than a fixed-rate mortgage. But if interest rates rise, you and your furniture could end up on the sidewalk.
2008-03-22 11:26:24 -
Fed’s moves cut both ways for little guy Ron Bartizek Business Local (Times Leader)
If you’re an average wage earner with a fixed-rate mortgage and a couple thousand to put into savings, you may be feeling left out by the financial gyrations of the past week.
2008-03-23 12:00:15 -
(Full Story) (WIBW-TV Topeka)
US Ponders: How Deep Is Economic Abyss? A US soldier stands guard in the area where a suicide car bomber detonated his load in Shula, Baghdad, Iraq, Sunday, March 23, 2008. At least seven died and 14 were wounded in the blast.
2008-03-23 04:12:16 -
Radical plans for cheaper housing (Stuff)
Big construction companies could build entire subdivisions with just one building consent under radical proposals to make houses more affordable for first-home buyers.
2008-03-23 04:23:39 -
Property on investors’ radar (The Star)
GIVEN the volatility in the equity and financial markets since late last year, investors, both retail and institutional, are looking for safer places to park their money. Inflationary pressure also plays a role in where the money goes.
2008-03-23 04:43:50 -
DATA SNAP: UK House Asking Prices Rise In Mar - Rightmove (The Forex Market)
LONDON (Dow Jones)--The average asking price for a home in the U.K. rose for the second consecutive month in March, but sellers are ignoring the reality of increased competition in the market and the growing difficulties buyers face when trying to secure a mortgage, Rightmove said Monday.
2008-03-23 05:12:59 -
Where are the first-time buyers? Day of reckoning near for the housing market (Guardian Unlimited)
If you were of a nervous disposition, you might be thinking that judgment day is nigh for the British economy
2008-03-23 05:21:01