Mortgage and Financial News From 2008-7-14 Page 2
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China's Stocks Fall Most in Two Weeks; Ping An Leads Decline - Bloomberg
July 15 (Bloomberg) -- China's stocks fell the most in two weeks, led by banks and insurers, on concern they are holding debt issued by Fannie Mae and Freddie Mac, the two U.S. mortgage- finance companies that lost half their market value last week ...
2008-07-14 09:55:00 -
Centro Properties sells U.S. malls for $714 million - International Herald Tribune
MELBOURNE : Centro Properties Group, a high-profile Australian victim of the global credit crunch, is selling some of its U.S. shopping malls for $714 million to pay down debt, sending its shares up as much as 35 percent. Centro said on Tuesday it ...
2008-07-14 09:48:00 -
German Investor Confidence Probably Fell to 16-Year Low in July - Bloomberg
July 15 (Bloomberg) -- German investor confidence probably dropped to the lowest level in almost 16 years in July as faster inflation and higher interest rates dimmed the outlook for growth in Europe's largest economy, a survey of economists shows ...
2008-07-14 04:47:00 -
Property sales slump to lowest level ever recorded - Guardian Unlimited
Transactions in the housing market are at their lowest since the Royal Institution of Chartered Surveyors began surveying its members 30 years ago. In its monthly snapshot out today, Rics says prices continued to fall in June but at a slightly slower ...
2008-07-14 10:06:00 -
Borrowers shun banks to avoid rising interest rates - News.com.au
They reveal personal finance loans have plunged to their lowest level in more than two years. The Australian Bureau of Statistics released data yesterday showing the amount borrowed for personal finance loans fell 7.8 per cent in May to $6.262 ...
2008-07-14 06:20:00 -
Estate agents have lowest sales in 30 years - Times Online
Home sales fell to their lowest level in 30 years last month as the seizure in the mortgage market continued to drag house prices down. Estate agents reported that they sold an average of 15 properties in the three months to the end of June, figures ...
2008-07-14 04:19:00 -
Now's the Time to Lock In Mortgage Rates - AOL
(July 14) - With worries about Fannie Mae and Freddie Mac looming over the banking industry, the best bet for homebuyers now is probably to lock in a mortgage rate while the scenario plays itself out. Industry analysts say evaluating which way ...
2008-07-14 04:26:00 -
Signs rates 'will stay put for long period' - News.com.au
THE Reserve Bank of Australia (RBA) continues to be wary of high inflation, but its acknowledgment that the economy is slowing has dampened expectations of further interest rate rises, economists say. The minutes of the central bank's July board ...
2008-07-14 07:25:00 -
Effort unlikely to improve lot of homeowners - Financial Times
How the US government's efforts to quell the crisis -surrounding Fannie Mae and Freddie Mac will affect -different constituencies. The rescue plan might do little to improve their lot. What counts for borrowers is how much they are charged for their ...
2008-07-14 07:03:00 -
A rescue, but not a remedy - Baltimore Sun
Consumers still face the prospect of rising mortgage rates, inflation and tighter credit despite the federal government's move to rescue Fannie Mae and Freddie Mac and avert a meltdown in the lending industry, economists and banking experts say. Most ...
2008-07-14 05:52:00 -
WRAPUP 1-Australian central bank says rates cooling demand - Forbes
Australia's central bank is growing more confident that decade-high interest rates will restrain future inflation, minutes of its July meeting showed on Tuesday, reinforcing views monetary policy is on hold. The Australian dollar spiked to a fresh 25 ...
2008-07-14 09:19:00 -
Fitch Downgrades & Removes Financial Freedom's Servicer Rating from ... - Forbes
Fitch Ratings has downgraded and removed from Rating Watch Negative Financial Freedom Senior Funding Corporation's (Financial Freedom) residential primary specialty-reverse mortgage servicer rating as follows: --Primary specialty-reverse servicer ...
2008-07-14 03:57:00 -
Mortgage Counselors May Help Save Homeowners From Foreclosure (WISC-TV Madison)
A proposed bill could help rescue hundreds of thousands of homeowners from foreclosure, some right here in Dane County.
2008-07-14 08:45:17 -
Centro to sell U.S. properties for US$714 Mln - Update (Nasdaq)
(RTTNews) - Australia-based Centro Properties Group (CEOPF.PK) said late Monday that it has agreed to sell 29 of the 31 properties in its Centro American Fund, or CAF, to a private real estate investment advisor for a contract price of US$714 million.
2008-07-14 08:45:33 -
Red flags raised over city's debt refinancing adviser (Pittsburgh Post-Gazette)
Pittsburgh Mayor Luke Ravenstahl's administration plans to refinance old debt, but the financial adviser it has chosen for the job has a rocky history with the director of one of the city's ...
2008-07-14 09:30:45