Mortgage and Financial News From 2008-5-14 Page 6
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Rates may have to rise as inflation ravages - Daily Telegraph
The dilemma faced by the Bank of England intensified yesterday as inflation figures made their biggest jump in six years with the government's annual measurement of inflation coming in at 3pc. Anyone hoping for a cut in interest rates next month can ...
2008-05-14 02:43:00 -
Ahead of the Bell: Mortgage Applications - Boston Globe
WASHINGTON— Industry data to be released Wednesday will show whether home loan applications rose for the second straight week as interest rates dipped. The Mortgage Bankers Association is scheduled to report its index of mortgage application volume ...
2008-05-14 05:21:00 -
Mortgage application volume up slightly - CNN Money
WASHINGTON (AP) -- Mortgage application volume rose 2.9% during the week ending May 9, according to trade group Mortgage Bankers Association's weekly application survey. The MBA's application index increased to 674.4 during the week, compared with ...
2008-05-14 04:45:00 -
As Rates Slip, Mortgage Demand Rises - CNBC
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended May 9 climbed 2.9 percent to 674.4. Borrowing costs on 30-year fixed-rate mortgages ...
2008-05-14 04:45:00 -
Freddie Mac loses $151M (Washington Business Journal)
Freddie Mac reported its fourth loss in six quarters on Wednesday and said it would raise $5.5 billion in new capital. (FRE)
2008-05-14 06:50:26 -
Bank gives gloomy outlook (Interactive Investor)
Wed 14 May, 2008 13:37
2008-05-14 06:52:02 -
Advertisement starts (Tiscali)
had no magic wand to restore the economy to health. "The Monetary Policy Committee is facing its most difficult challenge yet," he said. "We are travelling along a bumpy road as the economy rebalances. Monetary policy cannot, and should not try to, prevent that adjustment."
2008-05-14 06:52:22 -
Foreclosures slow in Kentucky; rate is nation's 8th best (Lexington Herald-Leader)
Foreclosure filings increased in 43 states in April, but Kentucky saw a 26.4 percent decrease when compared with April 2007. The state also had a 26.2 percent decline in filings from March 2008, according to RealtyTrac, a California company that monitors foreclosures. RealtyTrac said Wednesday that new foreclosures rose 64.75 percent nationwide in April, compared with April 2007, and 4.4 ...
2008-05-14 06:57:21 -
Lincoln County 'active and stable' real estate market (North Platte Bulletin)
The real estate market in Lincoln County is sort of a good news / bad news scenario. The good news, according to Cindy Chesley, owner and broker at Century 21 Select Properties of North Platte, is that real estate has not depreciated like it has in other markets during the past year.
2008-05-14 12:01:54 -
Hawaii foreclosure rate climbs by 218% (Honolulu Star-Bulletin)
Hawaii's foreclosure rate tripled in April, with a 218 percent increase over the year-earlier period.
2008-05-14 06:57:31 -
Freddie Mac Posts Loss, Plans to Raise $5.5 Billion (Update2) (Bloomberg.com)
May 14 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, posted a loss that was narrower than analysts estimated and said it will raise $5.5 billion in capital to help overcome rising credit costs.
2008-05-14 06:58:51 -
State offers advice for Vermonters behind on mortgages (The Barre Montpelier Times Argus)
MONTPELIER -- As the number of foreclosures in Vermont continues to creep upward, the state has added a program to offer advice to those behind on paying their mortgages. ... - By Louis Porter Vermont Press Bureau
2008-05-14 12:16:17 -
Teranet Reports Solid Q1 Results, Increases Distributions (CNW Group via Yahoo! Finance)
Teranet Income Fund today announced its first quarter results for the period ended March 31, 2008.
2008-05-14 03:00:00 -
Customer Service (Brandon Sun)
U.S. mortgage finance company Freddie Mac's first quarter loss widened to US$151 million as the U.S. housing market worsened, though the results were not as poor as expected.
2008-05-14 06:59:41 -
Spike in foreclosures telling, but not severe (Honolulu Advertiser)
Hawai'i home foreclosure filings last month rose above 200 for the first time in recent years, according to a count by RealtyTrac, presenting another weakening — yet still not alarming — sign for the local real estate market.
2008-05-14 04:10:31