Mortgage and Financial News From 2007-12-16 Page 3
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Global debt crunch hits mall operator
The Australian - SHARES of the nation's second-largest shopping mall owner plunged today after it emerged as a victim of the global credit ... The US subprime crisis, in which owners of low quality mortgages are defaulting on their obligations, has forced banks to ...
2007-12-16 07:22:00 -
Mortgage pain starts to hit spending
Financial Times - About 30 per cent of people with mortgages owe more than £5,000 on top of their mortgage. Six per cent of those with a ... UK house prices slumped for the second month in a row from November to December, with the annual measure hitting a 21-month ...
2007-12-16 06:53:00 -
Obama: Tax plan would help 175,000 Iowa families
Des Moines Register - Obama said his tax plan would also eliminate the income tax for 100,000 senior citizens and help 110,000 homeowners having trouble paying their mortgages. Obama attended church in Mason City before making his second stop of the campaign in Algona. He ...
2007-12-16 03:04:00 -
Credit crisis: A million Britons struggle to meet mortgage payments
Daily Mail - Nearly 10 per cent have been forced to borrow more or extend their mortgages. And another 10 per cent had to take on a second job or work overtime to make ends meet. Worryingly, the Bank's poll was conducted in September, when the global financial ...
2007-12-16 07:14:00 -
Mortgage pain starts to hit spending (FT.com via Yahoo! News)
Half of homeowners whose mortgage rates have risen in the past year have cut back on spending to pay the more expensive loans, according to Bank of England research published on Monday.
2007-12-16 06:55:16 -
Madigan savors role protecting consumers (Chicago Tribune)
Attorney general's office adds predatory lending to other issues For the second time in recent months, Illinois Atty. Gen. Lisa Madigan is running an investigation with a local business angle connected to a high-profile global debacle.
2007-12-16 08:01:15 -
Credit crisis: A million Britons struggle to meet mortgage payments (Daily Mail)
Nearly a million families are struggling to pay off their mortgages, an alarming report has revealed. Another 1.8million people say they have hit problems "at least occasionally"
2007-12-16 04:52:51 -
Credit crisis: A million Britons struggle to meet mortgage payments (Evening Standard)
Nearly a million families are struggling to pay off their mortgages, an alarming report has revealed.
2007-12-16 05:20:28 -
This crisis is no longer a simple problem of liquidity
Times Online - The Government could only seize control of the Rock and wipe out the claims of its ... As these mortgages were paid off, the Treasury would gradually recover its outlay, with interest. Alternatively, the Treasury could sell the whole mortgage ...
2007-12-16 03:54:00 -
Bank warns credit crunch turmoil could continue for many months
The Independent - However, the package did not have the desired effect on interbank lending rates, which fell by only a few basis points ... CPI measure, will edge up next year, to 2.4per cent, though the RPI, taking into account lower house prices and mortgage interest ...
2007-12-16 04:23:00 -
Mortgage bankers advocate FG intervention in social housing
Vanguard - OPERATORS in the primary mortgage sector, under the aegis of the Mortgage Bankers ... infrastructure subsidy, provision of effective secondary market liquidity, interest ... prior to clicking on the 'Send' button. Keep in mind that the above process only ...
2007-12-16 03:18:00 -
12 Ways to Make Your Kids Financially Savvy
Wall Street Journal - Ten years after I am dead and gone, I suspect only two people will give much ... The reality is, a good credit score will help my kids get a lower mortgage rate ... I thought the competition would grab their interest, but it wasn't a great success ...
2007-12-16 06:53:00 -
Hangman's Tree
Mountain Democrat - We trust that you will take the appropriate measures to end the tenant lease as soon as possible, in the interest of public ... We lost the income from that building and just had the income from the rent from the bar to help with the mortgage.' Layton ...
2007-12-16 02:21:00 -
Greenspan: Homeowners need cash boost
CNN Money - He cautioned against meddling with home prices or interest rates to address the housing problem. ... in major financial stress, even when they've tried exceptionally hard to make their monthly mortgage payment. But some political solutions would only ...
2007-12-16 03:04:00 -
News Minute: Where are the shoppers...Wicked weather...Dan Fogelberg ...
WDAM-TV - Food & Nutrition Exercise For Women Only Horoscopes Aries Taurus Gemini Cancer Leo Virgo ... The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie ... Associated Press - December 16, 2007 9:53 PM ET NEW YORK (AP) - Bad weather ...
2007-12-16 03:40:00