Mortgage and Financial News From 2008-4-6 Page 01
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Big City: Insulated From Recession, but Not From Leaks (New York Times)
Part of New York’s shiny allure is the absurdity of a city so well populated by the super wealthy that even they are forced to compromise in real estate.
2008-04-06 09:26:20 -
Developer defies the downturn (The Arizona Republic)
Home builder Jeff Blandford is opening his 717-acre, 1,200-home master-planned community in northeast Mesa as headlines call attention to rising home foreclosures and personal bankruptcies.
2008-04-06 09:51:12 -
'Subprime' market is not all that bad (The Augusta Chronicle)
Today's housing troubles just don't compare to those of the Great Depression. There are several differences, but I will focus on those in mortgage products.
2008-04-06 10:08:59 -
First Monday: April's economic signs awaited (USA Today)
If a $40,000 paycheck for a couple weeks of deckhand labor sounds enticing, consider the dismal and deadly working conditions on a crab boat plying the tempestuous Bering Sea: bone-chilling temperatures, unforgiving winds that whip up giant waves, and backbreaking shifts that can grind on for more than 18 hours.
2008-04-06 10:35:59 -
The Motley Fool financial advice (Houston Chronicle)
Q: In my IRA, can I shift money invested in mutual funds into other mutual funds or individual stocks?
2008-04-06 10:48:16 -
Homeowners urged to grab all mortgage deals (Gulf Times)
LONDON: Homeowners are being urged to grab whatever mortgages they can as lenders continue to scrap deals. Britain’s biggest mortgage lender Halifax said it would raise its rates by an average of 0.35% for new deals from today “in line with market pricing”.
2008-04-06 10:57:10 -
U.S. Democrats pushing for housing aid (International Herald Tribune)
After weeks of accusing the White House of dragging its feet on aid for everyday Americans, Democrats will open hearings on their more ambitious mortgage rescue proposal this week.
2008-04-06 09:10:38 -
Effort to curb foreclosures failing (Florida Today)
The Bush administration's Hope Now initiative has been playing catch-up but at a pace that may never match the fast clip of the foreclosure crisis.
2008-04-06 10:27:36 -
Southbank chairman in harmony with business (Daily Telegraph)
'Pluralist' Rick Haythornthwaite uses music and puppets to make tough corporate changes, he tells Andrew Cave.
2008-04-06 04:34:18 -
Crabtree, Frazier shine in all-star games (The Joplin Globe)
PITTSBURG, Kan. — Chanute’s Devon Crabtree and Labette County’s Kendra Frazier earned MVP awards and led their respective teams to victories on Sunday at the 2008 U.S. Army Southeast Kansas All-Star basketball games at St. Mary’s-Colgan Fieldhouse.
2008-04-06 09:27:39 -
Tower mortgage fund being wound up (NZPA via Yahoo!Xtra News)
A $242 million first mortgage fund promoted by Tower Ltd is being wound up as high interest rates offered by banks make it uncompetitive and redemptions increase.
2008-04-06 05:09:39 -
China Investment An Open Book? (CBS News)
In an exclusive interview with Lesley Stahl , the head of China?s new sovereign-wealth fund pledges more transparency to allay fears that China will try to use its vast investment ability to exert economic or political control in the U.S.
2008-04-06 06:00:04 -
Signs of hope are springing up (Stuff)
Investors who have been swimming against the tide of pessimism that has swept sharemarkets this year had plenty to smile about last week. After signs of growing international optimism that the worst is over, many Kiwi shares have shown solid, rewarding gains.
2008-04-06 06:16:05 -
Investors await 1Q earnings, home sales (WTHR Indianapolis)
The fear of the unknown that has rattled the stock market for months appears to be fading.
2008-04-06 06:47:11 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Oil climbs toward $107
2008-04-06 08:56:22