Mortgage and Financial News From 2008-7-30 Page 9
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Scot failed to live up to hype (The Australian)
HE'S the affable Scot brought in to shore up the National Australia Bank after the embarrassing foreign exchange dealer scandal and an unseemly board battle that combined to bring down his predecessor Frank Ciccuto.
2008-07-29 07:00:00 -
White House Predicts $482 Billion Deficit (The Florence Times-Daily)
The White House predicted that President Bush would leave a record $482 billion deficit to his successor, a turnabout in the nation’s fiscal condition from 2001.
2008-07-29 05:34:32 -
Inflation Debate Gets More Intense Among Federal Reserve Officials (The Tampa Tribune)
The policy debate within the Federal Reserve is growing sharper. On one side is Fed Chairman Ben S. Bernanke, who is opposed to raising interest rates even though consumer prices have gone up 5 percent over the past year.
2008-07-29 09:23:52 -
Titan Lenders Corp Signs Four for Back Office Outsourcing in Q2 (Business Wire via Yahoo! Finance)
DENVER----Titan Lenders Corp, a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services signed four customer contracts in the first quarter 2008.
2008-07-30 05:30:00 -
Nation's foreclosure wave misses area (The Marietta Times)
The sub-prime mortgage crisis may not be squeezing Washington County like it is other parts of the country, but local people are still facing foreclosures. Southeastern Ohio Legal Services in Marietta has already had a dozen people in Washington County ask for help with such cases this year, compared to just two in 2007.
2008-07-30 06:14:30 -
Can the credit crunch make us ill? - BBC Health
Professor Martin McKee, an expert in European public health at the London School of Hygiene and Tropical Medicine says much of the research on the issue was done in the former Soviet Union where there was a dramatic deterioration in financial ...
2008-07-30 02:16:00 -
Repairing the mortgage market - MyFinances.co.uk
Plans tackle the floundering UK mortgage market and ease the credit crunch were put forward this week by a Treasury-backed report. But, far from being the panacea the market demands, the new report has been given a lukewarm reception by industry ...
2008-07-30 04:18:00 -
The credit crunch explained - News.com.au
Some wise soul once noted that if you owe the bank a thousand dollars and you don't have it, you have a problem. If you owe the bank a million, however, the BANK has a problem... . Rather than ditch the bank, why not negotiate a new, lower rate with ...
2008-07-30 04:54:00 -
Credit crisis: Banks, building societies and housebuilders call for ... - Guardian Unlimited
The government last night faced pleas to deliver urgent help to home-buyers to revive the plunging property market as official data showed sales last month fell to their lowest levels for nearly 10 years. As a Treasury-commissioned report warned that ...
2008-07-30 01:05:00 -
Next bucks the high street trend - Daily Telegraph
Next has bucked the trend on the high street after reporting better than expected sales for the second quarter. Next has cleared 80pc of its sale stock Britain's second largest clothes retailer saw its shares warm by more than 4pc on the news ...
2008-07-30 01:19:00 -
Next H1 underlying sales fall, cautious on H2 - Forbes
LONDON, July 30 (Reuters) - British clothing retailer Next Plc posted a 6 percent fall in first-half underlying sales, in line with forecasts, and said it expected a similar decline in the second half amid a worsening economy. However, Finance ...
2008-07-30 03:06:00 -
Denmark housing prices keep falling in Q2 -trade group - Forbes
COPENHAGEN, July 30 (Reuters) - Denmark's housing market downturn deepened in the second quarter, spreading from apartments to houses and from Copenhagen to the rest of the country, mortgage lenders said on Wednesday. House prices across the country ...
2008-07-30 03:28:00 -
Bigger worries than subprime on horizon (Canada.com)
Canadian banks may have escaped the full force of the subprime mortgage storm, but they now face a new and potentially more serious threat from the declining U.S. economy, analysts say.
2008-07-30 05:28:42 -
U.K. Retail, Mortgage Data Paint A Grim Picture of Economy - Wall Street Journal
LONDON -- The U.K. economy's outlook darkened further as retail-sales growth and home-mortgage activity slowed sharply. The Confederation of British Industry, a business group, reported Tuesday that its measure of July retail-sales volume tumbled to ...
2008-07-29 09:51:00 -
Covered Bonds: What the Paulson Plan Means for You (BusinessWeek Online via Yahoo! UK & Ireland Finance)
JPMorgan, BofA, Wells Fargo, and Citi will issue the new bonds. Will they help the markets? Should investors bite? Here's what you need to know
2008-07-30 05:29:56