Mortgage and Financial News From 2007-10-13 Page 5
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Banks will no more avail the benefit of FSV: SBP
Daily Times - The mortgage loans under regulation R-22 shall be classified as substandard where mark-up/ interest or principal is overdue by 90 days or more from the due date. Treatment of the income will be the same as stated in the case of loans provided under ...
2007-10-13 11:51:00 -
Mobile home residents to get state loans
Santa Rosa Press Democrat - The state is making $2 million in low-interest mortgage loans available to residents of River View Estates off Kennedy Lane. “It’s a little piece of land, a stepping stone. What is owning land but the American dream? Who doesn’t want to own land ...
2007-10-13 05:53:00 -
Banks May Pool Billions to Stop Securities Sell-off
New York Times - They are supposed to be financed through the issuance of commercial paper backed by pools of home loans and credit card debt, but the loss of confidence in the quality of subprime mortgage bonds has also tainted these securities. Analysts say that ...
2007-10-13 03:40:00 -
Beware builders’ mortgage deals
Times Online - The Mortgage Works, part of Nationwide, stopped offering buy-to-let mortgages for new-build flats in 2005, and UCB Home Loans, Nationwide’s other buy-to-let lender, has also pulled out of this part of the market. Other lenders now require larger ...
2007-10-13 02:28:00 -
Fed calculator helps you compare mortgage types (Seattle Times)
Consumers typically look at one mortgage type and then the next, picking the best option based mostly on affordability. But there's more to the equation.
2007-10-13 12:28:07 -
Countrywide slashes jobs as bad loans rise (Washington Post)
NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N) said on Thursday it funded 44 percent fewer mortgage loans in September as it tightened lending standards, while delinquencies increased and foreclosures more than doubled.
2007-10-11 09:54:26 -
Braying Dave, hot-housed hoorays and the case for inheritance tax
Daily Mail - So, Prime Minister's Question Time was a triumph for David Cameron, a disaster for Gordon Brown, revealing him to be weak ... The interest rate was 15 per cent. I had to take another job in the evening, and split the mortgage with my sister. Is it really ...
2007-10-13 10:53:00 -
Vidarbha relief: Deshmukh, secys to work on new ideas
Indian Express - ... on Monday to finalise the proposals to be sent to the Centre in response to Prime ... 33 lakh farmers who got fresh loans last year after it was rescheduled and interest ... The idea is to waive off all their outstanding loans in three years at the rate ...
2007-10-13 01:59:00 -
Rates rise affects BEE - experts
Beeld - Zungu's comments came after the Reserve Bank announced a 50 basis points increase in the repo rate to 10.5%, prompting banks to raise their prime lending rates to 14% this week. Interest rates have been hiked up by a total of 350 basis points since ...
2007-10-13 05:17:00 -
Date fixed
News.com.au - Prime Minister John Howard last night flew to Canberra and will visit Governor-General Michael Jeffery at ... the economy facing capacity constraints because of skills shortages, there is continuing upward pressure on interest rates. Another rate ...
2007-10-13 09:42:00 -
Howard and Rudd smash open election piggy bank
News.com.au - The massive splurge, along with record low unemployment and a strong Aussie dollar, could force the Reserve Bank to lift interest rates. The last interest rate rise in August lifted the Reserve Bank's official cash rate to 6.5 per cent. Prime ...
2007-10-13 07:40:00 -
Howard sets election date
News.com.au - PRIME Minister John Howard will today announce a federal election for November 24. Mr Howard flew from his Sydney ... But another interest rate rise looms as a threat to the Government's re-election. The next inflation figure is due on October 24 ...
2007-10-13 01:38:00 -
England through to Rugby World Cup final
Talk Radio 702 - The National Prosecuting Authority remains silent over claims that Jacob Zuma has asked it for a review of any case against him. It's been reported that the former deputy president's lawyer has written to the NPA saying that the case should be looked ...
2007-10-13 01:24:00 -
Mark Lanovaz from B.C., writes: Scary stuff.
Globe and Mail - Teaser mortgages were below prime with interest due upon term .... so when these mortgages come due they will be renegotiated at the exisiting rate with accrued interest. California has the largest percentage of these instruments. What is Gore's fix ...
2007-10-13 02:14:00 -
At Home: Save on groceries with store brands, self-restraint, comparisons (Naples Daily News)
If you know me, you know I am always looking for new and better ways to cut the cost of groceries. When I saw a recent issue of Good Housekeeping (September 2007) with “I Saved $3,000 on Groceries!” on the cover, I couldn’t wait to turn to Page 123. The article on supersaver secrets, written by Bob Trebilcock, devotes the first 500 words or so to the subject of grocery shopping.
2007-10-12 10:43:04