Mortgage and Financial News From 2007-10-31 Page 24
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Homes, Confidence Are Looking Softer; Fed Cut Nearly Sure (Investor's Business Daily via Yahoo! News)
Fed policymakers began a two-day meeting Tuesday with Wall Street expecting a rate cut, as the latest data showed consumer gloom hitting a two-year low and home prices falling at their fastest pace in more than a decade.
2007-10-30 03:56:42 -
Feds cut GST, slash personal income taxes (CTV.ca)
Finance Minister Jim Flaherty has announced a reduction of the GST to five per cent, and major cuts to personal income taxes and corporate tax rates.
2007-10-30 04:29:26 -
OPPD Rates Expected To Rise (KETV 7 Omaha)
OPPD is proposing a 4 percent rate hike during a noon Tuesday public meeting.
2007-10-30 07:02:29 -
Homeowners' Treat Could Mean Trick At Gas Pump (ClickOnDetroit)
The Fed is expected to lower interest rates to ease the subprime crisis, but it could also push oil prices even higher.
2007-10-30 12:08:33 -
Study Shows High School Dropout Rates (WESH 2 Orlando)
The numbers are out and the word is not good for Florida high schools' dropout rate.
2007-10-30 04:30:59 -
Fed rate cut sought by Wall Street would have only limited impact on ...
International Herald Tribune - Yet the Fed's efforts now, on top of a half-percentage-point rate cut in September, won't change the outlook much, if at all, for companies on the front lines of surging mortgage defaults and a dried-up market for complex securities backed by home ...
2007-10-30 11:26:00 -
Patterson helps pair rebuild their lives
Detroit News - The goal of the effort, named "The Schrauger Home Project," is to get the family in the house in six months, mortgage free. No taxpayer money is being used to build the home. Clarkston builder Forrest Milzow will head the project. The family will ...
2007-10-30 09:46:00 -
This House Is Clean
Forbes - The only thing scarier than not making your mortgage payment is wrestling with a restless spirit in the attic. Think your new home is tainted by the lingering essence of sickness or death? A "house clearer" like 35-year-old Morrighan Lynne of Boise ...
2007-10-30 05:21:00 -
Shares of mortgage insurers mostly slip after PMI Group reports loss
CNBC - The Walnut Creek, Calif.-based insurer writes policies protecting lenders from losing money when borrowers miss payments on home loans. PMI reported $372.8 million in losses from bad mortgage credit during the quarter. Plus, the company set aside ...
2007-10-30 01:25:00 -
Bank of China profit hamstrung by mortgage losses
International Herald Tribune - ... posting the slowest earnings growth among the country's largest lenders after a $322 million loss on U.S. subprime mortgage ... Most Chinese banks have little direct investment in securities linked to U.S. home loans to people with poor credit ...
2007-10-31 12:38:00 -
Up like a rocket but few will shed tears as Stan O’Neal falls back ...
Times Online - ... first 54 years of his life, Stan O’Neal, the ousted chief executive of Merrill Lynch, the first African-American to run a major Wall Street firm and the grandson of a freed slave, hit one home run after another. Then America’s sub-prime mortgage ...
2007-10-30 10:43:00 -
Find Madeleine fund was used to pay mortgage of parents' home
International Herald Tribune - LONDON : The parents of Madeleine McCann used a fund that was established to help search for the missing girl to make mortgage payments on their home, a family spokesman said Tuesday. Madeleine's parents, Kate and Gerry McCann, have stopped working ...
2007-10-30 02:51:00 -
Deutsche Bank Profit Rises on Tax Gains, Asset Sales (Update2)
Bloomberg - Gains from German tax changes and the sale of Deutsche Bank's North American headquarters cushioned the impact of 2.16 billion euros in writedowns and trading losses linked to the U.S. subprime mortgage contagion. UBS AG, Europe's biggest bank by ...
2007-10-31 12:23:00 -
U.K. October Home Prices Rise Most Since June, Nationwide Says
Bloomberg - The cost of a home advanced 1.1 percent to 186,044 pounds ($385,000) from September, Britain's fourth-largest mortgage lender said today. Prices climbed 9.7 percent from a year earlier. At the same time, Nationwide also said house-price inflation is ...
2007-10-31 12:38:00 -
Ex-cop arrested in forgery
Detroit News - After Reynolds closed on the home mortgage company officials noticed some inconsistencies with the documents and contacted Garrett's office. Garrett said she never signed the paperwork, didn't know Reynolds and wouldn't be involved in verifying a ...
2007-10-30 10:58:00