Mortgage and Financial News From 2008-6-6 Page 10

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• Pesos continues slide; economists see higher interest rates (Philippine Daily Inquirer)

  MANILA, Philippines -- The Bangko Sentral ng Pilipinas, the country’s central bank, may further hike its benchmark interest rates, possibly by another 50 basis points, in the third quarter to temper sharp increases in consumer prices and the peso's rapid depreciation against the US dollar, economists said.
  2008-06-06 04:02:16

• Is there really an attempt to oust Mbeki? (Cape Argus)

  In the film, The Queen, the British monarch tells Prime Minister Tony Blair: "Because you saw those headlines and you thought: 'One day that might happen to me.' And it will, Mr Blair, quite suddenly and without warning."
  2008-06-06 04:07:36

• Oil above $130 on weak dollar, Israel comments (The Globe and Mail)

  LONDON (Reuters) - Oil rose by more than $2 a barrel to above $130 on Friday, bringing gains in the last two days to $8 as the U.S. dollar weakened on signals the European Central Bank may raise interest rates this year.
  2008-06-06 04:09:35

• Briefcase: Jun. 6, 2008 (South Bend Tribune)

  BLOOMINGTON, Ind.
  2008-06-06 04:10:18

• Dollar Heads for Weekly Loss Against Euro Before U.S. Payrolls (Bloomberg.com)

  June 6 (Bloomberg) -- The dollar headed for a weekly loss against the euro after the European Central Bank surprised investors by signaling borrowing costs may rise in July.
  2008-06-06 04:13:49

• New car registrations: May (AM Online)

  New car registrations fell by 3.5% in May to 179,272 units, according to the latest figures from the Society of Motor Manufacturers and Traders. Registrations year to date also dropped by 0.6% to 1,038,289 units.
  2008-06-06 04:15:06

• K. Hovnanian's Hunters's Brook Development Celebrates One Year By Hitting Halfway Point (PRWeb)

  K. Hovnanian's Hunter's Brook community of 101 suburban single-family homes in Hackettstown, NJ, is celebrating its first anniversary by passing the halfway point in sales. The development held its grand opening on May 5, 2007. The community has since sold 54 homes and, like most new-home communities in New Jersey, is seeing an increase in visitors. Hunter's Brook joins several other K. ...
  2008-06-06 04:21:01

• HCM City urges Gov’t to ban re-export of steel (Việt Nam News)

  HCM CITY — The HCM City People’s Committee petitioned the Government to ban re-exports of steel to avoid a crisis in the domestic construction market.
  2008-06-06 04:22:17

• Halifax offers 12% savings interest (Guardian Unlimited)

  Business & money: Bank opens 'limited offer' paying 10%, and - at a stretch - as much as 12%. Rupert Jones investigates
  2008-06-06 04:25:30

• Improving credit score can reduce loan cost (The Herald-Mail)

  Consumers with credit scores of 700 or higher typically get the best interest rates on loans. Low-scoring individuals with a credit score in the 400 to 500 range might have difficulty obtaining a loan, might be required to make a larger down payment and might have to pay a higher interest rate on their loan.
  2008-06-06 04:15:24

• Second Chance creates a plan to expand shelter (Worcester Telegram & Gazette)

  EAST BROOKFIELD - While they didn't win a $1 million makeover from zootoo.com, the folks at Second Chance Animal Shelter are taking matters into their own hands, setting out to fund an expansion project that will double the size of the 1,200-square-foot shelter, manager Sheryl Brackley said this week.
  2008-06-06 04:16:59

• About 1 in 11 Mortgageholders Face Loan Problems (The Wilmington Star-News)

  The default rate is rising even among homeowners with good credit who do not hold risky subprime loans.
  2008-06-06 04:17:55

• National foreclosure rate, late payments hit record (The Fort Collins Coloradoan)

  The foreclosure hammer is hitting ever harder nationally.
  2008-06-06 04:18:00

• Ford to cut white-collar salary costs by 15 pct (Daily Press)

  Even though employees knew the dreaded e-mail would be coming, the fear became more real on Thursday when it popped up on computers at Ford Motor Co. offices across North America.
  2008-06-06 04:18:59

• Don't rent out your credit score to weak borrowers - Chicago Tribune

  WASHINGTON - When your credit scores don't qualify you for the home mortgage you want, where do you turn? That's an especially timely question now, as banks and mortgage companies tighten underwriting standards for applicants with less than perfect ...
  2008-06-05 11:24:00

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