Mortgage and Financial News From 2008-4-2 Page 01
Previous Day: 2008-04-01
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Rating agency keeping its eye on First Mariner (The Daily Record)
First Mariner Bancorp’s risky loan portfolio and negative earnings could cause it to be among the financial institutions that collapse this year, according to a Frederick-based credit rating firm.
2008-04-02 04:39:15 -
Britain on credit binge as mortgage deals drop (Daily Telegraph)
Consumer borrowing is rising at its fastest rate in five years, with the withdrawal of cheap mortgage deals forcing millions of home owners to take on personal debt to finance their everyday expenses.
2008-04-02 05:23:33 -
More News (Gazette.Net)
According to the Maryland Department of Housing and Community Development, 3,485 county residents faced foreclosure on their mortgages in February, the highest in Maryland. Prince George’s County alone made up about 25 percent of the 13,578 foreclosures across the state.
2008-04-02 05:27:47 -
Flagship releases year-end results (CNW Group via Yahoo! Finance)
Flagship Energy Inc. will file tomorrow with the Canadian securities authorities its Audited Financial Statements and Management Discussion and Analysis in respect thereof for the year ended December 31, 2007.
2008-04-02 05:53:00 -
Ahern Saddles Cowen With Slowing Growth, Tumbling Home Prices (Bloomberg.com)
April 3 (Bloomberg) -- Irish Finance Minister Brian Cowen is poised to take over as prime minister after Bertie Ahern set a date for his departure yesterday. The timing for Cowen couldn't be worse.
2008-04-02 06:13:20 -
Credit card debts and mortgage repayments soar as borrowing reaches its highest level for more than five years (Evening Standard)
Cash-strapped families are on a debt binge with borrowing soaring to its highest level for more than five years. In just four weeks monthly credit card debt nearly trebled to £350million.
2008-04-02 06:27:33 -
County Offers $$ to Clean Contamination (FOX 16 Little Rock)
They're not only eyesores, they can also be harmful to your health. Contaminated properties are spread all over Pulaski County and in many cases, just sit vacant.
2008-04-02 07:44:08 -
Stocks that you should buy, sell now (rediff.com)
Normally MFs are looked at with a long term perspective. If you have invested in the same for a short term you could withdraw the same but at the current levels the NAV of the funds would be low. Ideally if you continue the investment over 3 to 5 years you should see a decent return on your investment, advises market expert Pranav Sanghavi.
2008-04-02 08:38:50 -
Don't buy more than you can afford! (The Jamaica Observer)
Owning a home is one of the biggest dreams for most persons. They envision the time when they can get rid of their landlords, make their own home décor choices, and stop worrying about home security. However, owning a home can become more like a nightmare if you bite off more home than you can chew.
2008-04-02 08:44:23 -
Congress offers solution to housing meltdown (WorldNetDaily)
But does it prevent foreclosures or bail out lenders?
2008-04-02 06:43:35 -
Lombard Finance Suspends Payouts to N.Z. Investors (Update1) (Bloomberg.com)
April 3 (Bloomberg) -- Lombard Finance & Investments Ltd., which lends to property developers in New Zealand, suspended all payments of capital and interest to investors after a housing market slump reduced revenue from loan repayments.
2008-04-02 06:45:36 -
Centro Gains by Record on Report of Buying Interest (Update3) (Bloomberg.com)
April 3 (Bloomberg) -- Centro Properties Group , the Australian property trust seeking to refinance A$4.9 billion ($4.5 billion) of debt, rose by a record after a newspaper said the company received offers to buy a stake at more than triple yesterday's share price.
2008-04-02 07:38:29 -
Senate leaders agree on bill to ease housing crisis (Charleston Daily Mail)
WASHINGTON (AP) -- A bipartisan Senate bill designed to ease the slumping housing market won tepid reviews Wednesday, and even its top sponsor acknowledged that much more is needed to help millions of families threatened with foreclosure.
2008-04-02 07:39:33 -
Auto Parts Chain Agrees to Buy a Rival (NYTimes.com via Yahoo! Finance)
DETROIT — O’Reilly Automotive said Tuesday that it had reached a cash-and-stock deal worth $528 million to buy a rival, the CSK Auto Corporation.
2008-04-02 07:39:58 -
In Senate, Agreement on Housing (NYTimes.com via Yahoo! Finance)
Senate Democrats and Republicans reached a tentative deal on a package of tax breaks, grants and tax-exempt bonds to help homeowners and stabilize the housing market.
2008-04-02 07:40:32