Mortgage and Financial News From 2008-5-14 Page 2
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Freddie Mac Posts $151 Million Loss - Wall Street Journal
Freddie Mac recorded a $151 million loss for the first quarter as changes in accounting policies offset higher costs related to home-mortgage defaults. Without the accounting changes, the loss would have exceeded $2 billion, Buddy Piszel, chief ...
2008-05-14 05:45:00 -
2ND UPDATE: Toll Brothers CEO Says Home Buyers Remain On The Sidelines - CNN Money
BOSTON (Dow Jones) -- The chief executive of Toll Brothers Inc. , the nation's largest builder of luxury homes, on Tuesday said buyers didn't materialize this spring as sales and prices continued to plunge in the company's latest quarter. Before the ...
2008-05-14 05:57:00 -
Foreclosure debate continues - Capital News 9
NEW YORK STATE -- The sub-prime crisis affects millions of people who bought homes they couldn't afford, through tricky interest-only loans, variable interest rates and loans given out by predatory lenders. The State Senate Democratic Conference is ...
2008-05-14 05:45:00 -
Financial crisis: Labour's history is repeating - Daily Telegraph
The twilight years of Labour governments are always like this: the pound in freefall, the economy sliding towards a possible recession and the public finances out of control. And the ultimate bill left in the hands of households, blameless in every ...
2008-05-14 06:00:00 -
Foreclosures are soaring as America's property slump deepens - Times Online
More than 8,000 American households are entering the foreclosure process every day, providing new evidence that the property recession in the United States is deepening. The daily rate is the highest on record, with the total number of homeowners ...
2008-05-14 03:08:00 -
Housing rescue stokes partisan split - CNN Money
NEW YORK (CNNMoney.com) -- The momentum behind congressional efforts to let the government offer more aid to struggling homeowners has hit stiff resistance. The Senate Banking Committee is scheduled to debate and possibly vote Thursday on a housing ...
2008-05-14 05:09:00 -
BofA expects more home-equity loan losses - MSN MoneyCentral
Bank of America Corp. expects the losses on its home-equity portfolio to be higher than its previous estimates of 2 percent to 2.5 percent. During an investor conference Tuesday in New York, the bank's president of global and small-business banking ...
2008-05-14 10:07:00 -
Build Your Credit Score Without a Credit Card - Street.Com
2008-05-12 13:59:38.0 It's often said that credit cards are a necessity to get a credit score and have any chance of securing a loan, but there are ways to do it without credit cards at all. The exact formulas for calculating your credit scores are ...
2008-05-11 05:56:00 -
Save Write to Editor - Economic Times
MUMBAI: In a move aimed at protecting margins which have come under pressure after the April hike in cash reserve ratio (CRR), some banks have quietly reduced their deposit rates. For instance Bank of India and Indian Overseas Bank have cut deposit ...
2008-05-13 03:02:00 -
Investing on a Fixed Income - WKRC
There is a flip side to low interest rates... it may be cheaper to get a loan -- but there is a downside for some. Low rates are hurting many retired people dealing with rising fuel and food prices. In this Money Alert, Paula Toti shows you why it ...
2008-05-13 07:59:00 -
ECOFIN: Finance Ministers Target "Excessive" Executive Pay - FXStreet.com
BRUSSELS -(Dow Jones)- European Union finance ministers will review executives' pay and the treatment of severance payments after expressing disappointment over the issue. The topic may also be an agenda item at upcoming Ecofin meetings. There has ...
2008-05-14 09:53:00 -
Churches across USA help with mortgage crisis - FXStreet.com
NEW YORK (AP) - The Rev. Jeffry Dillon switched from the religious to the secular on a recent Sunday morning to ask his parishioners a pointed question: "Do subprime mortgages scare you?" Then he announced that the Roman Catholic parish, not far from ...
2008-05-14 09:53:00 -
DJ DGAP-News: TASEKO ANNOUNCES SECOND QUARTER FISCAL -2- - Der Aktionär
million for the same period in fiscal 2007. Costs of sales consists of total production cost of $28.9 million (2007 - $19.4 million) for metal produced and sold during the quarter and a concentrate inventory adjustment of $0.5 million (2007 - $0.5 ...
2008-05-14 12:59:00 -
CPI surge poses King with fresh dilemma - Financial Times
Mervyn King, the Bank of England governor, escaped by a hair’s breadth having to write a letter to the chancellor on Tuesday explaining why inflation had risen so much, after consumer price inflation exceeded all expectations by rising to 3 per ...
2008-05-13 02:12:00 -
Americans’ money worries are growing, L.A. Times/Bloomberg poll ... - Los Angeles Times
Donald Fleckenstein lives comfortably in retirement, but higher food and energy costs still prompted him to trade down from a big American car to a small Honda, cancel plans for a European vacation and worry more about how the next generations of his ...
2008-05-14 04:12:00