Mortgage and Financial News From 2008-1-2 Page 11

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  • Countrywide Financial to cut 127 jobs in Rolling Meadows

    Chicago Tribune - Countrywide Financial, the nation's biggest mortgage lender, is laying off 127 workers in Rolling Meadows, bringing to nearly 1 ... Getaway-home contrasts
    2008-01-02 03:41:00

  • Smaller banks boost share of mortgage loans - South China Morning Post (subscription)

    Smaller banks boost share of mortgage loansSouth China Morning Post (subscription), Hong Kong - 7 hours agoMeanwhile, the mortgage broker forecast buoyant market conditions to take the value of drawn-down home loans to a record high of HK$270 billion this year. ...
    2008-01-02 01:51:16

  • Hedge fund raises stake to block nationalisation - Guardian Unlimited

    Hedge fund raises stake to block nationalisationGuardian Unlimited, UK - 5 hours agoSRM, which owns 10% of the lender, and RAB have tabled resolutions that, if passed, would prevent the board from selling assets of 5% or more without ...
    2008-01-02 04:23:45

  • PRESS DIGEST - Hong Kong - Jan 3 - Reuters

    PRESS DIGEST - Hong Kong - Jan 3Reuters - 4 hours agoSmaller but more aggressive lenders have been biting into the market share of the four banks in the mortgage financing market. Together they took up 51.1 ...
    2008-01-02 04:49:34

  • Inglewood takes on mortgage meltdown - Los Angeles Wave Newspapers

    Inglewood takes on mortgage meltdownLos Angeles Wave Newspapers, CA - 1 hour ago6 that he was asking lenders to voluntarily freeze low interests on some adjustable mortgages — so-called subprime loans — for five years. ...
    2008-01-02 08:34:58

  • SUBORDIANTING YOUR SECOND MORTGAGE - YourHub.com

    SUBORDIANTING YOUR SECOND MORTGAGEYourHub.com, CO - 56 minutes agoRefinancing your mortgage can include subordinating your second mortgage. Due to the increase of refinances lenders now may have subordination departments ...
    2008-01-02 08:50:48

  • * At Market Close - Wall Street Journal

    * At Market CloseWall Street Journal - 45 minutes agoLenders had steadily eroded the standards for making home loans. Wall Street firms, in turn, had developed giant businesses packaging these loans into ...
    2008-01-02 09:01:40

  • Palm Beach County foreclosures triple - Palm Beach Post

    Palm Beach County foreclosures triplePalm Beach Post,  United States - 25 minutes agoSubprime lenders went belly-up, he said, "and it cascaded down from there." "Those risky mortgage holders thought it didn't matter because they could make ...
    2008-01-02 09:21:13

  • Is this the big one? (Guardian Unlimited)

    It is 15 years since Britain last suffered a recession. But now the housing market is slumping, oil prices are soaring and a credit crisis is paralysing the banking world. Are the conditions right for a 'perfect economic storm'? Larry Elliott reports
    2008-01-02 04:05:24

  • Hedge fund raises stake to block nationalisation of Northern Rock (Guardian Unlimited)

    Pressure has mounted on government to nationalise Northern Rock after an activist investor in the stricken bank revealed it had increased its shareholding for a third time in three days
    2008-01-02 04:27:36

  • When can rental become a dream home? (Reno Gazette-Journal)

    DEAR BENNY: In a recent column, I read that 1031 property transfers had to be held for a period of one to two years to establish "intent." I thought that a law was passed in October 2004 that stated the "intent" period was five years. I bought a 1031 property in California in 2005 and would appreciate this being clarified. Thank you for column! -- Nancy M.
    2008-01-02 05:05:13

  • Online resources can help homeowners, homebuyers through hard times (Reno Gazette-Journal)

    Whether you're thinking about buying a home or you're already a homeowner, making educated decisions about your finances can be stressful, especially in times of financial hardship. Without the information you need, you may miss out on a great opportunity or even worse, find yourself in a situation where you could lose your home.
    2008-01-02 05:06:12

  • Short-term rates fall on surplus cash

    Business Standard - Short-term interest rates fell substantially today following an improvement in the liquidity situation. It resulted in the cut ... The yield on the one-year certificate of deposit (CD) through which banks raise funds came down to 8.60-8.80 per cent ...
    2008-01-02 10:33:00

  • CD rates fall after Fed cuts

    Milwaukee Journal Sentinel - That's disappointing news for consumers who like the insured safety of CDs and can afford to lock up part of their savings that long. The decline isn't unexpected, however, in the aftermath of a series of interest rate cuts by the Federal Reserve ...
    2008-01-01 03:57:00

  • Forex - Dollar weakens on surprise drop in US manufacturing ISM

    FXStreet.com - This supports the views that the euro zone so far is less affected by the economic downturn than the UK and that interest rates there should remain on hold for the foreseeable future. London 1545 GMT London 1203 GMT US dollar yen ...
    2008-01-02 08:03:00

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