Mortgage and Financial News From 2008-1-3 Page 9

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  • Where’s hot, where’s not, where’s next - Emirates Business 24/7

    Where’s hot, where’s not, where’s nextEmirates Business 24/7, United Arab Emirates - 33 minutes agoIt has responded quickly to demand from investors with more direct flights, new airports and mortgage products. Prices were up 20 per cent last year, ...
    2008-01-03 08:27:15

  • Record oil prices pump up global inflation risks - Business Report

    Record oil prices pump up global inflation risksBusiness Report, South Africa - 25 minutes agoTogether with food prices, it has pushed growth in the benchmark CPIX (the consumer price index excluding mortgage costs) above the Reserve Bank's inflation ...
    2008-01-03 08:34:19

  • Back to the future to cure the mortgage scandal? - Denver Post

    Back to the future to cure the mortgage scandal?Denver Post, CO - 15 minutes agoPresident Bush's so-called interest-rate "freeze," announced in late fall, is hardly the answer. It's entirely voluntary and is projected to apply to only ...
    2008-01-03 08:44:26

  • FSA to get power to shut failing banks (Guardian Unlimited)

    New reforms aim to avert another Rock-style crisis as consumers and firms face worsening of credit supply
    2008-01-03 05:31:00

  • Jeremy Warner's Outlook: Energy bills add to squeeze on incomes (Independent)

    Swingeing increases expected to be announced today by NPower in gas and electricity prices will further underline the policy challenge faced by the Bank of England as it seeks to address a fast slowing economy.
    2008-01-03 05:41:03

  • Bush weighs possible economic stimulus (Straits Times)

    WASHINGTON - UNITED States President George W Bush said on Thursday he was considering a fiscal stimulus package to shore up the struggling economy but has not made a decision.
    2008-01-03 08:33:51

  • Record oil prices pump up global inflation risks (Independent Online)

    Since the oil price went to more than $100 (R685) a barrel on Wednesday, risks that inflation will inflict further damage on the local and global economy have been rising.
    2008-01-03 08:36:01

  • Bush Ponders Move to Bolster Economy (NYTimes.com via Yahoo! Finance)

    President Bush’s suggestion of an economic stimulus package is the clearest indication yet of a growing concern inside the White House over the possibility of recession.
    2008-01-03 08:38:47

  • State Street Corp. Is Sued Over Pension Fund Losses (NYTimes.com via Yahoo! Finance)

    State Street ousted a senior executive and said it would set aside $618 million to cover legal claims stemming from investments tied to mortgage securities.
    2008-01-03 08:38:50

  • Christmas spending is coming home to roost (Gulf Times)

    LONDON: Excessive spending over Christmas will fuel personal bankruptcies in the first three months of the year, a report says.
    2008-01-03 08:49:26

  • National Australia Bank raises home rates

    News.com.au - THE National Australia Bank will today lift rates on its standard variable home loans in a move certain to anger thousands of home ... While this rise in variable mortgage rates is a direct result of the US sub-prime crisis, I'd urge Australian ...
    2008-01-03 02:35:00

  • UPDATE 1-Australia's NAB to raise variable home loan rate

    Reuters - ... NAB), Australia's top lender by assets, has taken the unusual decision to raise home loan rates out of step with a central bank ... the wake of sharply higher funding costs for banks due to a global credit crunch triggered by the U.S. subprime mortgage ...
    2008-01-03 02:50:00

  • NAB lifts home rates

    News.com.au - The NAB increased the rate by 0.12 percentage points, adding $20 a month to a $250,000 mortgage. The move, which is guaranteed to anger thousands of homebuyers, is the first time since the early 1990s that a major Australian bank has acted outside ...
    2008-01-03 04:37:00

  • Gold soars to new record high

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... Paper money is mortgage on wealth that does not exist, backed by guns aimed at those ... Because doing so would reduce the value of our money, raise interest rates, and ...
    2008-01-03 01:38:00

  • Other banks set to follow NAB rate rise

    News.com.au - Australia's largest mortgage holder, the Commonwealth Bank, this week also increased its rates when it lifted its fixed-rate home loans by 30 basis points to 8.64 per cent for one to four-year mortgages. The Reserve Bank is scheduled to meet next on ...
    2008-01-03 07:07:00

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