Mortgage and Financial News From 2008-9-2 Page 01
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OECD Advises Central Banks to Leave Rates Unchanged (Update2) - Bloomberg
Sept. 2 (Bloomberg) -- The world's leading central banks should keep interest rates at their current levels as they try to balance strong inflation with weak expansion, the Organization for Economic Cooperation and Development said. The U.S. Federal ...
2008-09-02 03:59:00 -
Haddock Cleans up in Match Race Night of Nitro in Ontario - Who Won
GRAND BEND, Ontario -- Terry Haddock and his Lend America Dodge Stratus wowed the crowds in Grand Bend Ontario at the Teamsters Canada ‘Thunder by the Beach Weekend’ featuring the Saturday Night of Nitro. In two scheduled match races, Haddock ...
2008-08-29 05:54:00 -
UK average 2-yr mortgage rate back at pre-crunch levels - Forbes
LONDON, Sept 2 (Reuters) - The average rate on popular two-year fixed mortgages has fallen back to pre-credit crunch levels, easing the financial pressure on some overstretched UK homeowners, financial data group Moneyfacts said on Tuesday. The ...
2008-09-02 10:54:00 -
R-M-X Looks to Provide Innovation and Liquidity for the Beleaguered ... - StreetInsider.com
NEW YORK, Sept. 2, 2008 (GLOBE NEWSWIRE) -- While most participants in the residential mortgage loan market are suffering huge losses and many are exiting the business, R-M-X Group is looking to take advantage of this turmoil to fuel demand for its ...
2008-09-02 11:02:00 -
Fitch Rates Puerto Rico Fixed Income Fund V, Inc. Notes 'A+' - Forbes
Fitch Ratings has assigned an 'A+' rating to the $4,500,000 in equity-linked notes series 2008-F issued by Puerto Rico Fixed Income Fund V, Inc. (the Fund), which closed on August 29. The rating is based on asset coverage and basic maintenance amount ...
2008-09-02 02:51:00 -
Australia central bank cuts rates first time in 7 years - Reuters
SYDNEY (Reuters) - Australia's central bank on Tuesday cut its key interest rate 25 basis points to 7.0 percent, the first easing in seven years, as it attempts to combat tighter financial conditions amid the global credit crunch. In a brief ...
2008-09-02 12:53:00 -
RBS and NatWest to reduce rates on fixed and tracker mortgages (Banking Business Review)
The Royal Bank of Scotland and National Westminster Bank have announced that they are to reduce mortgage rates, with cuts up to 0.35% - with the prices on the majority of new fixed and tracker mortgages lowered by at least 0.10%.
2008-09-02 05:38:22 -
Budget focusing on population (The Borneo Post)
BUDGET 2009 is very much a ‘People’s Budget’, made obvious by the theme of ‘A Caring Government’ and two of the three strategic thrusts – ‘Ensuring the Well Being of Malaysians’ and ‘Developing Quality Human Capital’. The other thrust is ‘Strengthening the Nation’s Resilience’.
2008-09-02 07:12:32 -
New govt in Japan must address challenges effectively (Asia News Network)
Japan's top political leader has suddenly announced his intention to step down from the helm of the government, the second such incident in less than a year. This is an extremely abnormal situation.
2008-09-02 07:15:10 -
32.5% of L.A./O.C. home sales linked to foreclosure (Orange County Register)
That's why our houses depreciated at 26.5% annual rate in June, 4th worst among 25 major cities.
2008-09-02 12:43:10 -
Australia's Economic Growth Slows to 0.3% on Spending (Update2) (Bloomberg.com)
Sept. 3 (Bloomberg) -- Australia's economic expansion slowed to the weakest pace in more than three years, stoking speculation the central bank will add to yesterday's interest- rate cut, the first since 2001.
2008-09-02 08:29:43 -
2008 seen as peak for Colorado foreclosures (Rocky Mountain News)
Experts are cautiously optimistic that the foreclosure crisis in Colorado may hit its apex this year.
2008-09-02 02:31:19 -
Call for rural lenders to also cut interest rates (Queensland Country Life)
AgForce has called on rural lenders to immediately pass on the interest rate cuts to Queensland producers following the Reserve Bank’s decision yesterday to lower the variable mortgage interest rates by 0.25 percentage points.
2008-09-02 09:36:06 -
Problem Solver: Credit Report Website Issues Refund (WSPA Spartanburg)
A good credit score is essential when you need to borrow money and there are plenty of websites willing to help you get it but at what cost? A North Carolina couple says one website did them more harm than good.
2008-09-02 03:40:42 -
Cielo announces price incentive (San Diego Daily Transcript via Yahoo! News)
Cielo, the hillside village in Rancho Santa Fe, has announced a new special price incentive with a 30-day close at Montagna at Cielo, an enclave of ocean-view custom home sites.
2008-09-02 06:02:26