Mortgage and Financial News From 2008-7-14 Page 16
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Asia stocks drop after US mortgage plan (Bay News 9 Tampa Bay)
By JEREMIAH MARQUEZ HONG KONG (AP) -- Most Asian markets fell Monday as investors worried over the depth of U.S. credit and housing problems after the country's central bank moved to prop up ailing mortgage financiers Fannie Mae and Freddie Mac.
2008-07-14 04:08:13 -
Affluent in Spanish (Marketing Y Medios)
From tennis to tequila, Latinos are going upscale. NEW YORK Perhaps nothing symbolizes the rise of the affluent Latino consumer more than the ascent of high-end tequila.
2008-07-14 04:15:41 -
AP Executive Morning Briefing (Lexington Herald-Leader)
The top business news from The Associated Press for the morning of Monday, July 14, 2008: Belgian brewer InBev to buy Anheuser-Busch for $52B ST. LOUIS (AP) - Anheuser-Busch, the maker of Budweiser and Bud Light, has agreed to a takeover by a giant Belgian brewer, a union that creates a global beer leader and brings to an end one of the most iconic names in American business. The board of ...
2008-07-14 04:32:15 -
AP Executive Morning Briefing (Miami Herald)
The top business news from The Associated Press for the morning of Monday, July 14, 2008:
2008-07-14 04:33:00 -
London shares outlook - bounce as Wall St ends off lows Friday - Forbes
LONDON (Thomson Financial) - UK blue chips look set to rally on Monday morning after U.S. indices came off lows on Friday, while the Bank of England's policy committee and investors will be closely watching inflationary data due this week. Spread ...
2008-07-14 12:12:00 -
Rush for extended mortgages - This is Money
Increasing the term to 30 years cuts payments to £929, while they drop to £884 for a 35-year deal. With household bills, from food to fuel, rising rapidly, family finances are stretched to the limit. The chance to cut mortgage repayments is very ...
2008-07-14 02:50:00 -
Japan's Bonds Gain on Concern BOJ to Signal Economy Is Slowing (Bloomberg.com)
July 14 (Bloomberg) -- Japan's government bonds rose, pushing 10-year yields toward a two-month low, on speculation a central bank report tomorrow will signal the economy is slowing.
2008-07-14 12:29:54 -
ESCONDIDO: Arizona couple turn to psychics in search for missing son (North County Times)
ESCONDIDO ---- Like most people, Stan and Thayla Howard aren't sure they believe in fortune tellers.
2008-07-14 12:48:37 -
Hard-pressed homeowners rush to get extended mortgages (Evening Standard)
Soaring numbers of hard-pressed homeowners are extending the life of their mortgage to cut payments. Mortgage brokers have seen a sharp rise in customers taking the 'longer life' option when their current deal ends.
2008-07-14 01:05:26 -
BUSINESS BRIEFS (New York Post)
Home front The Federal Reserve is expected to approve a plan today to give home buyers more pro tection from the types of shady lending prac tices that have contrib uted to the housing cri sis. The plan includes restricting lenders from penalizing...
2008-07-14 01:05:31 -
www.kentonline.co.uk - your gateway to Kent (The Kent Messenger)
A 50-year-old mortrgage broker who admitted swindling £290,000 by falsifying mortgage applications has been jailed for three and a half years.
2008-07-14 01:55:35 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Rescue of Fannie, Freddie calms markets for now TOKYO/HONG KONG - A U.S. government plan to rescue mortgage finance firms Fannie Mae and Freddie Mac helped calm markets on Monday but did little to allay fears about the health of the U.S. financial system. The U.S. Treasury and Federal Reserve plan, announced on Sunday evening, called for measures to lend money and buy ...
2008-07-14 02:37:55 -
Oil little changed near $145 a barrel in Asia - Newsday
SINGAPORE - Oil prices were little changed Monday in Asia on expectations the dollar will continue to slide as a slowing U.S. economy lessens the likelihood of an interest rate hike. The U.S. Federal Reserve said Sunday it would lend if necessary to ...
2008-07-13 10:46:00 -
NAB follows big banks in rates hike - ninemsn
National Australia Bank Ltd (NAB) has followed its big bank rivals by raising mortgage lending rates independently of the Reserve Bank of Australia (RBA). NAB lifted its standard variable home mortgage rate on Monday by 15 basis points to 9.61 per ...
2008-07-13 10:46:00 -
Government, Fed to Intervene To Bail Out GSEs (Nasdaq)
(RTTNews) - A weeklong havoc was triggered in the financial markets by the speculation that Freddie Mac (FRE) and Fannie Mae (FNM), two of the Government Sponsored Enterprises - GSE, are on the verge of failing.
2008-07-14 01:15:46