Mortgage and Financial News From 2008-1-10 Page 61

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• US Initial Jobless Claims Fell 15000 to 322000 (Update1) - Bloomberg

  US Initial Jobless Claims Fell 15000 to 322000 (Update1)Bloomberg - 50 minutes agoBuilders, mortgage lenders and appraisers are among the housing-related businesses firing workers and the prospect that sales will slow is prompting others ...
  2008-01-10 05:40:58

• Costello savages Swan on rates - The Australian

  Costello savages Swan on ratesThe Australian, Australia - 49 minutes ago... and September last year when Bluestone, Adelaide Bank and RAMS lifted mortgage rates -- but only Adelaide is a bank; the other two are non-bank lenders. ...
  2008-01-10 05:41:52

• Oxford Funding Strengthens Holdings with New Portfolio - PR-Inside.com (Pressemitteilung)

  Oxford Funding Strengthens Holdings with New PortfolioPR-Inside.com (Pressemitteilung), Austria - 40 minutes agoThe US mortgage decline has led many lenders to sell portfolios of their mortgage loans at steep discounts to face value. Companies such as Citigroup ...
  2008-01-10 05:51:38

• Foreclosures strain condo buildings - MiamiHerald.com

  Foreclosures strain condo buildingsMiamiHerald.com, FL - 35 minutes agoBorrowers owe lenders more than $42 million. As the region's housing market sputters into the new year, a collection of largely unoccupied new towers are ...
  2008-01-10 05:56:02

• Rates bug hits Virgin - Melbourne Herald Sun

  Rates bug hits VirginMelbourne Herald Sun, Australia - 25 minutes agoOn Wednesday the Commonwealth Bank became the third major lender to lift mortgage rates independently of the Reserve Bank in a week. ...
  2008-01-10 06:05:53

• Santa Barbarans Get Behind Microloans - The Santa Barbara Independent

  Santa Barbarans Get Behind MicroloansThe Santa Barbara Independent, CA - 25 minutes agoKiva lenders almost always get their principal back; the repayment rate hovers at 98.8 percent, according to the site. The borrowers pay interest, ...
  2008-01-10 06:06:06

• New subprime plan reaches beyond Treasury's -ACORN - Reuters

  New subprime plan reaches beyond Treasury's -ACORNReuters - 12 minutes agoBy easing loan terms, lenders hope to reduce losses to themselves and mortgage bond investors from foreclosures in a weakening housing market. ...
  2008-01-10 06:19:45

• Mortgage lending slumps say National Homebuyers - ClickPress (press release)

  Mortgage lending slumps say National HomebuyersClickPress (press release), UK - 9 minutes ago[ClickPress, Thu Jan 10 2008] According to the Council of Mortgage Lenders (CML), gross lending slumped to £30 billion in the month, signalling a decline of ...
  2008-01-10 06:22:32

• Staying Stable - Russia Profile

  Staying StableRussia Profile, Russia - 9 minutes agoBesides, Russian banks’ borrowing capacity is now restricted by higher interest rates asked by international lenders. Russia is a huge market with a lot of ...
  2008-01-10 06:22:47

• Fannie Mae Redemption - PR Newswire (press release)

  Fannie Mae RedemptionPR Newswire (press release), NY - 6 minutes agoFannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to ...
  2008-01-10 06:25:02

• U.S. Initial Jobless Claims Fell 15,000 to 322,000 (Update1) (Bloomberg.com)

  Jan. 10 (Bloomberg) -- The number of Americans filing first-time claims for unemployment benefits unexpectedly fell during the holiday-shortened week ended Jan. 5, a period when the government typically has trouble adjusting the data for seasonal variations.
  2008-01-10 05:57:41

• Tanker falls off I-75, closing section of freeway (Detroit Free Press)

  UPDATED AT 9:08 A.M.: A tanker that flipped over on northbound I-75, then exploded, has closed the freeway in both directions between Schaefer and Springwells in southwest Detroit since about 8:20 a.m. today.
  2008-01-10 06:00:49

• Santa Barbarans Get Behind Microloans (Santa Barbara Independent)

  Microcredit is not just for Bangladesh anymore. It's happening in Santa Barbara too.
  2008-01-10 06:11:46

• U.S. Initial Jobless Claims Fell 15,000 to 322,000 (Update2) (Bloomberg.com)

  Jan. 10 (Bloomberg) -- The number of Americans filing first-time claims for jobless benefits unexpectedly fell in the holiday-shortened week ended Jan. 5, a time when the government typically has trouble adjusting for seasonal variations.
  2008-01-10 06:12:56

• Bank of England leaves interest rate alone (Moldova.org)

  The Bank of England voted to keep interest rates at 5.5 percent for the second consecutive month despite growing pressure to cut them.The bank's nine-member Monetary Policy Committee decided Wednesday in London to await further evidence that the British economy was slowing, the Daily Telegraph reported.The majority of London economists said they believe, however, that there will be rate ...
  2008-01-10 06:14:22

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