Mortgage and Financial News From 2008-10-5 Page 7
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Effects of bailout anticipated (The Gainesville Sun)
Getting the financial rescue through Congress may have been the easy part. Getting it to work may prove the tougher task.
2008-10-05 12:12:11 -
Home buyers need bigger deposits (TVNZ)
Kiwis need to re-learn the habit of saving because of the global credit crunch, according to an Otago University economist. Professor William Garside says 100% mortgages will be a thing of the past and people will need to wait longer and save more before they can buy their own homes.
2008-10-05 12:12:25 -
PG&E raises electric rates - Record Searchlight
Electricity bills for Pacific Gas and Electric Co. customers are going up slightly. The public utility announced that the average monthly electric bill for its residential customers statewide is expected to be $73.40. The $1.28 increase in the ...
2008-10-05 09:18:00 -
Peter Boutell, Lending a Hand: Loans are still out there for the right ... - Santa Cruz Sentinel
Despite what the headlines would have you believe, the mortgage industry is arranging financing for homebuyers and refinancing homeowners. Most borrowers are choosing the ever-popular 30-year fixed-rate mortgage and those interest rates have been ...
2008-10-05 01:33:00 -
Five Miserable Myths You Shouldn't Believe (The Motley Fool)
There's been a lot of doom and gloom about the housing market recently. But you shouldn't believe everything you read...
2008-10-03 03:44:50 -
Next president will be handed a fragile economy (Seattle Times)
Even with the $700 billion bailout, the financial crisis and fragile economy promise to loom large over the opening days of the next administration.
2008-10-03 09:26:19 -
Don't Blow Your Retirement With One Mistake (The Motley Fool)
Sweat the big stuff -- your retirement will thank you.
2008-10-03 11:00:13 -
Real Estate Live (Washington Post)
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi.
2008-10-03 01:58:51 -
Europeans scramble to save failing banks - Associated Press
STOCKHOLM, Sweden (AP) -- Germany joined Ireland and Greece on Sunday in guaranteeing all private savings accounts, putting Europe's biggest economy at odds with calls for a unified European response to the global financial meltdown. The decision ...
2008-10-05 09:32:00 -
American dream needs wakeup call - Boston Herald
F orget predatory lending for a moment, let’s talk about predatory borrowing. You know the old saying, you can’t cheat an honest man. It takes two to tango. This $700 billion-plus bailout means honest taxpayers will have to pick up the tab for ...
2008-10-05 06:05:00 -
Germany's second largest mortgage lender nears collapse - In the News
Germany's second-largest mortgage lender, Hypo Real Estate, is on the brink of collapse after a bail-out deal to rescue it fell apart. The news follows a meeting between the leaders of Europe’s four largest economies including Angela Merkel, the ...
2008-10-05 08:42:00 -
Belgian State Seeks to Avoid Fortis `Fire Sale,' Leterme Says - Bloomberg
Oct. 5 (Bloomberg) -- Belgium won't be forced into a ``fire sale'' of Fortis assets as it scrambles to rescue the country's largest financial-services company, Prime Minister Yves Leterme said. Leterme huddled with key lieutenants today to keep ...
2008-10-05 08:14:00 -
Dubai OKs Home Lender Merger - Wall Street Journal
DUBAI--The government here blessed the proposed merger of two big home lenders over the weekend and said a government-backed fund would start investing in domestic real estate, two moves that could shore up a suddenly vulnerable property market. Amid ...
2008-10-05 06:40:00 -
The children of Gordon Gekko (The Australian)
Greed caused this crisis.
2008-10-05 06:00:00 -
Reverse mortgage is not for everyone (The Record Searchlight)
Should you take out a reverse mortgage to help pay for your retirement? Before you do, be aware of the risks.
2008-10-05 06:01:12