Mortgage and Financial News From 2008-1-2 Page 18

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  • Housing Trust starts loan programs for first-time home buyers - San Jose Mercury News

    Housing Trust starts loan programs for first-time home buyersSan Jose Mercury News,  USA - 45 minutes agoBuyers will get a first mortgage from Meriwest Mortgage equal to as much as 97 percent of the home's purchase price, and a second, below-market-rate loan ...
    2008-01-02 06:14:53
  • Asian Stocks Fall on US Economic Outlook; Samsung, BHP Drop - Bloomberg

    Asian Stocks Fall on US Economic Outlook; Samsung, BHP DropBloomberg - 45 minutes agoRising defaults in US subprime, or high risk, mortgages crimped the amount of credit available worldwide, reducing earnings for companies such as Citigroup ...
    2008-01-02 06:15:14
  • Americans have taken on too much debt of all kinds - Press-Enterprise

    Americans have taken on too much debt of all kindsPress-Enterprise, CA - 4 minutes agoBy BILL TOLAND It has the makings of a recession: Americans are falling behind on their credit card payments, their auto loans and their mortgages. ...
    2008-01-02 06:56:11
  • Just not enough oil to go around (Guardian Unlimited)

    Another year, another record oil price. The immediate reasons why the price of a barrel of oil jumped $4 to $100 yesterday were a cold snap in North America and unrest in two important producing nations: Nigeria and Algeria
    2008-01-02 04:05:44
  • Australian Stocks Fall Most in Three Weeks; Westfield Declines (Bloomberg.com)

    Jan. 3 (Bloomberg) -- Australian stocks dropped the most in almost three weeks, led by Westfield Group and News Corp., after a decline in U.S. manufacturing boosted concerns the world's largest economy is headed for a recession.
    2008-01-02 04:59:53
  • Invite buyers to see what your holiday home offers (Reno Gazette-Journal)

    The neighborhood kids all arrived, bundled in holiday scarves and hats, plus patent leather shoes usually reserved for weddings and Sunday Mass at St. Theresa's.
    2008-01-02 05:05:46
  • Inmobiliaria Colonial shares suspended (Daily Telegraph)

    The hurricane sweeping through Spain's construction and housing industry has claimed a fresh victim as regulators suspended trading in the shares of Inmobiliaria Colonial, the country's second biggest property empire.
    2008-01-02 05:15:19
  • Building is down 32% for 2007 (Pahrump Valley Times)

    Charles Abbott and Associates issued 1,167 building permits in 2007, with only two working days left in the year -- a 32 percent drop from the 1,817 issued in 2006.
    2008-01-02 05:28:11
  • Housing Trust starts loan programs for first-time home buyers (San Jose Mercury News)

    Hoping to reduce the high cost of home ownership for first-time buyers in Silicon Valley, the Housing Trust of Santa Clara County on Wednesday announced two new loan programs for low- and moderate-income residents.
    2008-01-02 06:24:59
  • Thailand: Most Asian Markets Fall To Open New Year, Weighed Down By Concerns About US Economy (Sin Chew Jit Poh)

    BANGKOK, THAILAND: Most Asian markets fell in light trade Wednesday (2 Jan) in the first trading session of 2008, weighed down by an earlier decline on Wall Street and ongoing concerns about the U.S. economy.
    2008-01-02 06:34:27
  • With Builder in Bankruptcy, Buyers Are Left Out (NYTimes.com via Yahoo! Finance)

    The collapse of the fabled Levitt & Sons, the first big home builder to fail in the current slump, illustrates how the real estate turmoil is spreading far beyond subprime borrowers.
    2008-01-02 06:39:19
  • Beware of Falling Knives

    Slate - ... decided things couldn't get worse for Countrywide Financial , the massive mortgage ... investment in the form of a security that pays a 7.25 percent annual interest ... Street firm that soared to dizzying heights as the credit market boomed only to ...
    2008-01-02 02:58:00
  • Bank predators go bargain-hunting

    The Independent - ... half of the year after Northern Rock's near-collapse caused jitters about its rival mortgage ... Mr Botin's interest in A&L may not be the start of a deal deluge, but it can only be a matter of time before the trade off between risk and reward starts to ...
    2008-01-02 04:02:00
  • Jeremy Warner's Outlook: Santander looks to exploit bargain prices

    The Independent - A&L is the British mortgage bank whose funding most closely resembles Northern Rock. Its share price ... Even so, the only convincing explanation for Santander's interest is because A&L is cheap. That's going to make finding a price the A&L board can ...
    2008-01-02 04:02:00
  • Analysts upbeat on stocks this year

    People's Daily Online - The rumblings of the US subprime mortgage crisis sound nothing more than a vague and distant threat. So far, government credit tightening measures, including interest rate increases, have made only short-lived impacts on investor sentiment because of ...
    2008-01-02 05:36:00