Mortgage and Financial News From 2008-4-6 Page 3
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Banks Urged By EU To Disclose "Toxic Products" (Planet Ark)
BRDO - Banks should step forward with all their problem investments in order to restore confidence in financial markets, the European Union's top financial regulator said on Friday.
2008-04-06 06:21:48 -
Debt relief act has its limits (Everett Herald)
Homeowners who went through foreclosure in 2007 could receive a benefit on their federal income tax return thanks to the Mortgage Forgiveness Debt Relief Act of 2007.
2008-04-06 03:44:26 -
Will, not mandate needed for better bank oversight (Straits Times)
NEW YORK - A WHITE House plan to overhaul financial regulation would broaden the Federal Reserve's reach, but more effective oversight will require changing minds as much as laws.
2008-04-06 04:38:21 -
Why I'm selling my life on eBay (Ararat Advertiser)
A Perth man, whose midlife crisis prompted him to sell his entire life on eBay, has been forced to put his job on hold as he deals with a deluge of interest from prospective buyers, single women and well-wishers dotted all over the world.
2008-04-06 04:44:35 -
Haredim are worried about their children (Haaretz Daily)
Children are happiness, but not when you have to buy apartments for them. A new apartment is a heavy financial burden for a young couple and for parents who want to support them. But what happens in large ultra-Orthodox families? What do parents who marry off eight children in short intervals do?
2008-04-06 04:49:19 -
Bank rates 'will fall by a point' (Daily Telegraph)
Interest rates will be cut by a full percentage point by the end of the year as the credit crisis continues to cause turmoil in the mortgage markets and the wider economy, financial experts predicted yesterday.
2008-04-06 04:57:59 -
Hope for homeowners: Bank of England is expected to cut interest rates this week (Daily Mail)
The Bank of England is expected to cut interest rates this week, bringing some much-needed relief to hard-up homeowners.
2008-04-06 05:08:37 -
Foreclosures come to McMansion country (Reuters via Yahoo! News)
Million-dollar fixer-upper for sale: five bedrooms, four baths, three-car garage, cavernous living room. Big holes above fireplace where flat-screen TV used to hang.
2008-04-06 05:18:18 -
Investors Await 1Q Earnings, Home Sales (IWon - Money)
NEW YORK (AP) — The fear of the unknown that has rattled the stock market for months appears to be fading. The question now is whether upcoming corporate financial reports and readings on the housing market will further calm Wall Street's anxieties or rekindle them.
2008-04-06 05:21:23 -
Brown’s 10p income tax ‘con’ leaves party divided (The Herald)
For a split second yesterday, John Hutton's eyes bulged noticeably as the stark reality of "hammering" five million low-paid workers appeared to hit home.
2008-04-06 02:00:06 -
Business forum: Credit industry led to bankruptcy filings (Minneapolis-St. Paul Star Tribune)
A ringside seat in bankruptcy court: On the front lines of the credit crunch, it's plain to see who's to blame for the housing crisis -- and it's not primarily the borrowers.
2008-04-06 02:48:45 -
Deepening fraud like salt on subprime mortgage wound (Chicago Tribune)
NEW YORK — The shrapnel from the subprime explosion continues to scatter. Lenders are experiencing a surge in losses from mortgage fraud, according to recent reports from law enforcement agencies and industry research groups. The ripples are reaching borrowers in new ways, as mortgage banks seek to stanch the flow of dollars to con artists.
2008-04-06 03:09:34 -
The Mortgage Bust Goes Global (NYTimes.com via Yahoo! Finance)
The consequences of millions of foreclosures across the U.S. are also being felt far overseas.
2008-04-06 03:40:28 -
Snohomish County apartment demand high, supply low (Everett Herald)
Snohomish County's low 4.8 percent apartment vacancy rate is a byproduct of sluggish home sales, experts say.
2008-04-06 03:43:26 -
Real estate notebook (Everett Herald)
Rates on 30-year and 15-year mortgages rose this week.
2008-04-06 03:45:26