Mortgage and Financial News From 2008-3-28 Page 5
Previous Day: 2008-03-27
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House Price Growth Hits 12-Year Low (The Motley Fool)
A 12-year low in house price growth and a 15-year nadir in consumer confidence combine with more money market jitters for a treble dose of gloom and doom...
2008-03-28 09:38:32 -
Pound Falls to Record Versus Euro as Consumer Confidence Slumps (Bloomberg.com)
March 28 (Bloomberg) -- The pound fell to a record against the euro, and posted a third weekly decline, after an industry survey showed U.K. consumer confidence slumped to a 15-year low this month.
2008-03-28 10:28:38 -
Bank of America to pay mortgage head more than CEO got in '07 (EARTHtimes.org)
NEW YORK (Reuters) - Bank of America Corp agreed to pay David Sambol, COO of takeover target Countrywide Corp , more than its own CEO received in 2007 to encourage him to lead the bank's consumer mortgage business.
2008-03-28 10:30:47 -
Joplin will explore health-insurance pool (The Joplin Globe)
The Joplin City Council has given its OK to the city staff to explore joining a health-insurance pool offered through the Joplin Area Chamber of Commerce.
2008-03-27 07:51:56 -
Proposed Amendment could bolster endowments (North Platte Telegraph)
The difference between 5 percent and 9 percent is 4 percent. It may not seem like much but if Great Aunt Ethel left you $2 million in her will, that 4 percent could mean millions more in income – $5 million if Great Aunt Ethel died in 1989. If you conservatively invested $2 million in 1989 in Treasury bonds and certificates of deposit, and received an average of 5 percent interest per year ...
2008-03-27 08:40:07 -
It's tough being a parent in today's bad economy (The Saline Reporter)
There are times when I hate being a parent. Deep into a long road trip, for example, while listening to a Kidz Bop CD for the 16th or 17th straight time.
2008-03-28 08:41:21 -
Fremont General Corporation Announces Receipt by its Bank Subsidiary of a Directive From its Banking Regulators That ... (PR Newswire via Yahoo! Finance)
Fremont General Corporation , doing business primarily through its wholly-owned bank subsidiary, Fremont Investment & Loan , announced today that on March 26, 2008, the Federal Deposit Insurance Corporation , with the concurrence of the California Department of Financial Institutions , issued a Supervisory Prompt Corrective Action Directive to the Bank, to Fremont General and to Fremont General ...
2008-03-28 06:00:00 -
TedBits (GoldSeek.com)
Can This Rally Last? By: John Browne, Senior Market Strategist, Euro Pacific Capital
2008-03-28 06:08:49 -
Dollar Heads for Biggest Weekly Drop Versus Euro Since 2006 (Bloomberg.com)
March 28 (Bloomberg) -- The dollar headed for the biggest weekly drop against the euro in more than two years as traders bet the Federal Reserve will cut the target lending rate by as much as a half-percentage point next month to avert a recession.
2008-03-28 06:14:38 -
Lodging Interactive Offers Hotel Marketing Guidance In A Soft Economy (Hospitality Net)
We are hearing some concerns from our clients about the various projections about the soft economy. Most projections and actual indications are that our overall economy will slowdown in 2008 due to a number of consumer related reasons such as gas prices, mortgage foreclosure and labor cut backs. With this said, the projections for the travel and hospitality industries are still moderately good, ...
2008-03-28 06:59:24 -
Liberal Democrat Shadow Chancellor (Liberal Democrat Party)
"This is yet more evidence that we are seeing a major slowdown in the UK housing market. "With record levels of personal debt and banks feeling the pinch from the credit crunch, there is now a fatal combination of people who are unable to borrow and banks who are unwilling to lend.
2008-03-28 07:09:43 -
Britian Lowers 2007 GDP Figure (AP via Yahoo! Finance)
Britain cut its estimate of 2007 economic production on Friday and a mortgage lender said house prices fell in March for a fifth consecutive month, raising expectations that the Bank of England will cut interest rates next month.
2008-03-28 07:22:38 -
Shore Mortgage Recruiting Additional 100 New Employees - First 150 Jobs Filled, Current Needs Include Underwriters, ... (PR Newswire via Yahoo! Finance)
Shore Mortgage, a full service mortgage company offering new mortgages as well as refinancing services, has four locations throughout the Detroit metropolitan area. The company continues to be among the largest government guaranteed and insured mortgage originators locally in Michigan as well as nationwide.
2008-03-28 07:32:00 -
FOCUS: Banks Pressure UK BOE For Expanded Liquidity Measures (Nasdaq)
LONDON -(Dow Jones)- Banks in London are pressuring the Bank of England to provide them with extra liquidity for a longer period and against lower-rated collateral in a bid to ease the credit crunch.
2008-03-28 07:37:39 -
Slate: The New New Deal (Washington Post)
Daniel Gross was online Thursday, March 27 at 2 p.m. ET to discuss his column about how the instruments that are saving the economy today -- the FHA, Freddie Mac, Fannie Mae, etc. -- are remnants of the New Deal safety net.
2008-03-28 07:41:10