Mortgage and Financial News From 2007-11-18 Page 15
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Buyers of energy-efficient houses can qualify for better loans
Los Angeles Daily News - Now comes a mortgage to match. Green mortgages are the latest innovation in the push to promote more energy-efficient ... to come by for energy-efficient, privately owned, single-family homes, since the savings are more difficult to calculate and ...
2007-11-17 11:59:00 -
Purchase price just the start
Chicago Tribune - Separate from the monthly mortgage bill, would-be home buyers have to factor in numerous costs to determine their ... Briggs said that one upside to the slowdown in the housing market is that buyers generally have more time to calculate the ...
2007-11-17 11:52:00 -
£3bn And Counting ... (Sunday Herald)
Bad debt is giving the economy jitters. Selwyn Parker looks at fears the sub-prime crisis may escalate into the biggest crisis to have hit the financial markets this decade, it is only now that we are starting to see true extent of the fall-out this side of the Atlantic.
2007-11-17 10:14:38 -
Rock rescue cannot ignore shareholders (Times Online Sunday)
THE Bank of England, the Treasury and the Financial Services Authority are about to stumble into another disaster.
2007-11-17 05:09:44 -
King puts his faith in a short sharp shock
Guardian Unlimited - Britain's lenders, punch-drunk from losses on sub-prime loans, and facing a sharp ... the Bank was still nervous about inflation, and the City was betting that interest rates would have to go up once more, to 6 per cent. Now, even with two rate cuts ...
2007-11-17 09:00:00 -
Northern Rock suitors surprise City with bids approaching £6bn
The Independent - ... casualty of the sub-prime crisis, was Friday night, but some suitors used this weekend to put the finishing touches to their proposals. The bank has borrowed as much as £22bn in emergency funding from the Bank of England at a crippling interest rate ...
2007-11-17 04:14:00 -
Frank Lee My Dears I Don't Give A Damn from Toronto, Canada writes:
Globe and Mail - The governments of Dubai, Kuwait and Qatar and the deputy prime minister of Lebanon also appear to have donated $1 million ... from Scarboroughanistan, Canada writes: Where are Amnesty International, Muslim, Woman right special interest groups. You ...
2007-11-18 12:21:00 -
Joseph Stiglitz, Alan Greenspan wage war of words: report
Marketwatch - The former Fed chairman said the surge in U.S. home values resulted from the "dramatic" drop in rates on long-term fixed-rate mortgages, which itself was a result of a broader fall in long-term interest rates also experienced in other countries ...
2007-11-17 03:10:00 -
Humiliation looms for Australia's PM
The Independent - ... The Chaser's War on Everything, recently hired a silver DeLorean sports car and ambushed the Prime ... In 2004 he won after promising to keep interest rates low. But there have been six rate rises since then – and this time there is no Tampa on ...
2007-11-17 05:40:00 -
PM - Liberal, Labor clash over interest rates continues
Australian Broadcasting Corp. - ... announcement of another interest rate ... suggested another interest rate rise might help rather than hinder his party's election chances. From Canberra, Peta Donald reports. PETA DONALD: The Melbourne Cup overshadowed the campaign - the Prime Minister ...
2007-11-17 06:52:00 -
Oh, what a difference 31 days make
Chicago Tribune - For one thing, the veritable smorgasbord of loans—hundreds of programs involving prime, non-prime, fixed-rate, variable-rate, no-doc, low-doc, interest-only, option payments, you name it—has been pared to more of a simple meal, lenders say. "Low ...
2007-11-17 11:52:00 -
Labor will deliver tax cuts: Gillard (Tenterfield Star)
Labor will not cancel or reduce its promised $31 billion worth of tax cuts even if there are two interest rate rises before the cuts could be implemented by a Labor government.
2007-11-17 06:44:49 -
S&P cuts ratings on $3.7 billion of residential mortgage-backed ...
CNBC - ... in defaults among subprime borrowers triggered a broad credit crisis this summer. Most borrowers got into trouble after low introductory rates that reset higher after a fixed period. With housing prices falling, the homeowners are unable to refinance ...
2007-11-16 03:04:00 -
Give your credit cards a holiday break
Patriot-News - Before this summer, it was credit-card debt, but now, with the mortgage meltdown, the biggest problem is the ability to qualify for a home mortgage, and that includes first-time home buyers as well as current homeowners who are trying to refinance ...
2007-11-17 09:22:00 -
Some home finance terms
Economic Times - Refinance: Paying off an existing loan with the proceeds from a new loan. Floating rate loan : The interest rate on these loans fluctuates periodically in response to changing market conditions. As the interest rate fluctuates, your EMI re ...
2007-11-17 07:42:00