Mortgage and Financial News From 2008-1-27 Page 14

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  • Deloitte says house price slump could provoke period of slow growth - Times Online

    Deloitte says house price slump could provoke period of slow growthTimes Online, UK - 1 hour agoThere are fears that rate cuts could be undermined by banks increasing their mortgage rates in an effort to boost their coffers in the wake of the credit ...
    2008-01-27 04:04:03

  • World markets on a roller-coaster ride - Malaysia Star

    World markets on a roller-coaster rideMalaysia Star, Malaysia - 1 hour agoBy many accounts, the day of reckoning has come, with the US sub-prime mortgage crisis leading to a larger financial crisis, to a credit crunch, ...
    2008-01-27 04:10:07

  • DATA SNAP: UK House Prices Fell For Fourth Month In January - FXstreet.com The Foreign Exchange Market

    DATA SNAP: UK House Prices Fell For Fourth Month In JanuaryFXstreet.com The Foreign Exchange Market, Spain - 1 hour agoWith mortgage providers finding it difficult to raise funds in international capital markets to lend to home buyers, the housing market has shown signs of ...
    2008-01-27 04:10:27

  • House prices 'to fall 5.5 per cent then rise again', says study - This is London

    House prices 'to fall 5.5 per cent then rise again', says studyThis is London, UK - 31 minutes agoThe first is the credit crunch which "will continue to restrict mortgage approvals". The second is that homes are over-valued because prices have risen ...
    2008-01-27 05:28:35

  • Twin Ports housing market stays the course - Duluth News Tribune (Subscription)

    Twin Ports housing market stays the courseDuluth News Tribune (Subscription), MN - 25 minutes agoYun predicted that mortgage interest rates could fall a bit again this week taking them close to record lows. The rates probably will stay steady for some ...
    2008-01-27 05:34:55

  • New 2007 tax breaks help homeowners - Seattle Post Intelligencer

    New 2007 tax breaks help homeownersSeattle Post Intelligencer - 21 minutes agoClaim the mortgage insurance deduction on Schedule A, Line 13. Further details are in IRS Publication 936, "Home Mortgage Interest Deduction. ...
    2008-01-27 05:38:50

  • Sorry, yet more price worries - Dispatch Online

    Sorry, yet more price worriesDispatch Online, South Africa - 12 minutes agoHome owners will be hit by increased mortgages if Mboweni and his team were to raise rates again. Such an increase would fly in the face of global trends, ...
    2008-01-27 05:48:06

  • Supersized homes coming to Carlsbad (North County Times)

    CARLSBAD -- In a two-year period, Carlsbad resident Fred Briggs has watched two houses -- each bigger than 5,000 square feet -- go up near his Basswood Drive home.
    2008-01-27 05:01:11

  • TEXT MESSAGE SCANDAL: Kilpatrick seen, but not heard (Detroit Free Press)

    UPDATED AT 7:50 P.M.: Detroit Mayor Kwame Kilpatrick appeared to have returned home with his family to the Manoogian Mansion Sunday afternoon, amid questions about when he would address the controversy surrounding the text-messages scandal.
    2008-01-27 05:10:11

  • Spanish Mortgage Bond Sales to Slow This Year, Moody's Says (Bloomberg.com)

    Jan. 28 (Bloomberg) -- Sales of bonds backed by Spanish mortgages will slow from a record in 2007 as the country's 10- year real-estate boom ends, according to Moody's Investors Service.
    2008-01-27 05:35:06

  • House prices 'to fall 5.5 per cent then rise again', says study (Evening Standard)

    Britain will this year experience its first annual fall in house prices since 1995, according to a new study. The average is forecast to fall £11,000 to £188,000, according to the Centre for Economics and Business Research.
    2008-01-27 05:40:37

  • Sorry, yet more price worries (Daily Dispatch)

    AFTER a week when power cuts buffeted the South African economy, consumers now face the prospect of having to subsidise government’s rates on state-owned properties and infrastructure.
    2008-01-27 05:58:32

  • In times of trouble, think for long term

    Miami Herald - Financial services companies from investment banks to mortgage writers have been hard hit by souring mortgage loans and have seen their stock prices fall sharply. ''Over the next three to 12 months. . . we'd say it might be too early,'' he said ...
    2008-01-26 11:55:00

  • Paulson Says Senate Unlikely to Derail Stimulus Plan (Update2)

    Bloomberg - The plan also addresses the rising number of foreclosures by allowing government-chartered mortgage companies Fannie Mae and Freddie Mac to buy home loans of as much as $729,750, up from the current limit of $417,000. Under the package ...
    2008-01-27 12:55:00

  • IMF head in shock fiscal appeal

    Financial Times - The dark economic mood in Davos was reinforced at the weekend by John Thain, the new chief executive of Merrill Lynch, who predicted the problems in subprime mortgage markets would spread to credit card and consumer loans. “It will be a while ...
    2008-01-27 02:57:00

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