Mortgage and Financial News From 2008-7-30 Page 12
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More deals for DiMasi's friends (Boston Globe)
Software company Cognos ULC hired House Speaker Salvatore F. DiMasi's law associate, and a key Cognos sales agent hired DiMasi's personal accountant during a period when the firm was winning millions of dollars in state contracts.
2008-07-30 12:47:54 -
Australia Banks Lead Bond Risk Lower on Merrill Equity Sale (Bloomberg.com)
July 30 (Bloomberg) -- Australian banks led default protection costs on the nation's corporate debt lower after Merrill Lynch & Co. disclosed another mortgage-related loss and cushioned it by selling shares.
2008-07-30 12:49:30 -
MERRILL TRIMS TOXIC PAPER; STOCK JUMPS (New York Post)
Merrill Lynch's shares enjoyed a big lift yesterday after its CEO John Thain announced plans to raise some $8.5 billion in debt and offload tens of billions in toxic mortgage debt. The troubled brokerage's shares jumped nearly 8 percent, after...
2008-07-30 01:12:41 -
Peraica linked to convicts by donations (SouthtownStar)
Cook County Commissioner Tony Peraica wants to be the county's top prosecutor.
2008-07-30 02:13:07 -
Get blogging already (Juice)
Millions of writers populate the blogosphere, giving themselves a little exposure - and you something to do at work. A few Des Moines-based bloggers...
2008-07-30 02:21:43 -
S.D. home prices plummet 23.3% in year (San Diego Union-Tribune)
San Diego and many other metro areas around the country continued to see record home price declines in May, the Standard & Poor's/Case-Shiller Home Price Index showed yesterday.
2008-07-30 03:10:51 -
Australian Dollar Falls on Housing Concerns; N.Z. Dollar Drops - Bloomberg
July 30 (Bloomberg) -- Australia's dollar fell to a six- week low as a government report showed home-building approvals unexpectedly dropped in June. The New Zealand dollar slid as the Reserve Bank of New Zealand signaled more interest-rate cuts ...
2008-07-30 12:15:00 -
Housing crisis to continue until 2011, Crosby warns - The Independent
Sir James Crosby has no easy answers to the mortgage famine that has sent house prices tumbling and new Bank of England figures suggest no respite is in sight. By Sean O'Grady In a report long on analysis and short on solutions, Sir James Crosby has ...
2008-07-30 01:33:00 -
Home price index falls again - Chicago Tribune
Home prices tumbled in May, according to a closely watched index released Tuesday, as the housing slump deepened across the nation. The Standard & Poor's/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year earlier, the ...
2008-07-30 12:50:00 -
Ahead of the Bell: Mortgage applications (AP via Yahoo! Finance)
Industry data to be released Wednesday will show whether home loan applications continued to fall as mortgage rates soared.
2008-07-30 03:06:59 -
Housing price slide slower in Allen (Fort Wayne Journal Gazette)
Median residential home prices in Allen County fell 5.8 percent in May compared with May 2007, but that’s nowhere near the record 15.8 percent drop seen in a national housing price index during the same period.
2008-07-30 03:10:25 -
Rescue is quirk of timing (Baltimore Sun)
Federal and state legislation to fight foreclosure arrives just in time to help some; for others, it's too late H undreds of thousands of struggling homeowners may get the help they need to stave off foreclosure from the federal housing bill that Congress passed last week. But for hundreds of thousands more, people like Veronica Peterson, it comes too late.
2008-07-30 03:22:14 -
Quality of Life study: More suburbs hurting (The Charlotte Observer)
Neighborhoods close to Charlotte's center city and the new light-rail line are improving, but several outlying suburbs show signs of decline. The city's 2008 Neighborhood Quality of Life report, which gauges the social and economic health of the city's 173 neighborhoods, reveals details about those trends and other ways Charlotte is changing. One area close to downtown, Wilmore, made striking ...
2008-07-30 03:28:24 -
Housing relief bill could help homebuyers in Indiana (South Bend Tribune)
SOUTH BEND -- Indiana has one of the highest foreclosure rates in the country. A housing relief bill may not fix the mortgage crisis, but a local expert says it should help first-time homebuyers make that big purchase.
2008-07-30 03:30:01 -
National Australia Bank Says No Decision Made on CEO (Update2) - Bloomberg
July 30 (Bloomberg) -- National Australia Bank Ltd. , the nation's biggest, said no decision has been made on whether to replace Chief Executive Officer John Stewart , under fire after revealing losses on credit-market investments last week. The bank ...
2008-07-29 04:58:00