Mortgage and Financial News From 2007-12-15 Page 5
Previous Day: 2007-12-14
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Save £10,000 tax in the new year
Times Online - More than 1m families face a mortgage-repayment shock next year when they come to the end of cheap fixed rates ... 000 - close to the price of a typical home - and gets about £14,000 in rental profit a year after mortgage interest, based on current ...
2007-12-15 04:38:00 -
Crackdown in works on excessive credit card fees, interest rate ...
Austin American-Statesman - Their situation is compounded by rising interest rates and an abundance of fees. Under the current setup, the average customer who misses a payment often ends up paying a late fee on top of a fee for exceeding the credit limit and still ...
2007-12-15 07:48:00 -
US dollar higher as inflation hits Fed's ability to cut rates
Taipei Times - The market is continuing to come around to our view that slowing economic growth will eventually force most of the major foreign central banks to drop their current bias toward further interest-rate hikes and maybe even cut rates," Fearon said. "This ...
2007-12-15 11:09:00 -
Wall Street indexes fall as inflation worries weigh (Reuters via Yahoo! News)
Stocks swooned on Friday on concerns that surging inflation may prevent the Federal Reserve from lowering interest rates enough to pull the economy out of the grip of a housing and credit crisis.
2007-12-15 05:12:10 -
Hard times for first-time homebuyers
Newsday - It's gotten a lot tougher for first-time home buyers to secure a mortgage these days. With the mortgage industry rocked by soaring ... Until the tightening, Marten could find a lender for those with relatively poor credit or with little for a down ...
2007-12-14 02:09:00 -
Asian Stocks Have Biggest Weekly Drop in Four Months; BHP Falls
Bloomberg - China Construction Bank Corp., the nation's largest mortgage lender, declined 9.5 percent to HK$6.80 in Hong Kong. The Fed on Dec. 11 lowered its benchmark interest rate by a quarter-point to 4.25 percent and said ``economic growth is ...
2007-12-13 03:58:00 -
Dec. 15: Losing the mortgage gamble
Orange County Register - The lender actually has been extremely flexible in allowing them to delay payments for several ... These grandparents purchased their home in 1977 for $97,000 and probably had a 30-year mortgage with a payment of approximately $500 per month, which ...
2007-12-15 03:55:00 -
Lower credit-score requirements help refinancing
Times Herald-Record - News Home Special Reports Columns Statewide National World Weather Commuter Page Local ... lenders shun struggling homeowners with subpar credit, the State of New York Mortgage ... Milo, assistant vice president of Walden Federal, another "Keep the Dream" lender ...
2007-12-15 01:54:00 -
Senate approves Stabenow bill on mortgage taxes (WZZM 13 Grand Rapids)
The Senate has passed a bill written by Senator Debbie Stabenow that would allow homeowners to receive mortgage forgiveness from their lender tax-free.
2007-12-15 03:31:34 -
The Ugly Side of Microlending
BusinessWeek - Pawnshops and loan sharks, whose interest rates of up to 300% have plagued generations of Mexicans, now face rivals offering terms ... who completed only the second grade, have obtained a series of small loans over the past four years to purchase a CD ...
2007-12-12 03:59:00 -
Slowdown in economy starts to idle machinery
Windsor Star - ... drop in the utilization rate gives Canadian monetary authorities another argument in favour of continuing to cut key rates ... out of the U.S. of a unexpected spike in inflation last month to 4.3 per cent raised questions about how much more interest ...
2007-12-15 12:32:00 -
Surge in gasoline prices pushes consumer inflation higher while ...
Waterloo Cedar-Falls Courier - Investors worried that rising prices will keep the Federal Reserve from cutting interest rates quickly enough to prevent a recession. The Fed uses lower interest rates to stimulate a weak economy and higher rates to slow growth and keep inflation in ...
2007-12-15 04:07:00 -
Consumer Prices Rise 0.8% in November
New York Times - Central bankers may be more reluctant to lower interest rates out of concern that inflation will flare up. “It’s certainly getting ugly out there,” wrote Bernard Bauhmohl, managing director of the Economic Outlook Group, in a research note this ...
2007-12-14 03:35:00 -
Intelix gear helps deliver audio, video (Wisconsin State Journal)
In Steve Cohan's small Middleton office, lilting jazz instrumental songs softly permeate the room, their tones clearly defined through three large speakers sitting across from his desk. If he tires of jazz, Cohan can press buttons on the wall to call up classical music or rhythm and blues. Cohan likes to listen to music while he works -- and why not? That's what Cohan helps his customers do. He ...
2007-12-14 10:54:25 -
Negotiating a tricky real estate market (Austin American-Statesman)
Megan Murphy was nervous about buying her first house. "It is the biggest purchase a person will ever make in their life, so it takes a lot of thought to make sure you are doing the right thing," said Murphy, an executive assistant at American Campus Communities.
2007-12-15 08:04:25