Mortgage and Financial News From 2008-6-6 Page 2

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• How to craft a lowball bid the home seller won't reject (The Oklahoman)

  They're a couple in their mid 20s — a computer programmer married to an administrative assistant. Saddled with college loans, they're struggling to secure themselves financially on starter salaries. Until recently, the idea of buying a home seemed impossible. But thanks to their smart bargaining strategy, along with moderating home prices in their city, they recently realized their dream. "It ...
  2008-06-06 10:11:08

• Valley’s jobless rate low (Lebanon Daily News)

  Although Lebanon has the lowest unemployment rate among the state’s major market areas and some businesses are vibrant, energy costs are starting to take their toll.
  2008-06-06 08:59:49

• Oil-rich nations are quietly buying up America (Concord Monitor)

  America's for sale. Just ask Treasury Secretary Henry Paulson. With the U.S. economy in shambles, Paulson just spent four days touring the Middle East, hat in hand, looking for investors to bail us out.
  2008-06-06 09:05:54

• Hail and wind insurance hits homeowners (The Wilmington Star-News)

  St. James | Tony Percy wasn't looking to pick a fight.But the transplanted Englishman said he has a distinct distaste for business practices that aren't in the consumer's interest, especially those that seem to be encouraged or at the least tolerated by the government.
  2008-06-06 09:09:47

• Oil Prices and Joblessness Punish Shares (NYTimes.com via Yahoo! Finance)

  Wall Street suffered its worst losses in more than two months on Friday after crude oil prices spiked over $138, an increase of nearly $11, and the unemployment rate rose more than expected.
  2008-06-06 09:36:45

• A.I.G. Says It Is Subject of Inquiries (NYTimes.com via Yahoo! Finance)

  The SEC and the Justice Department are examining how the company valued certain complex derivative transactions.
  2008-06-06 09:36:46

• In Shift for Japan, Salarymen Blow the Whistle (NYTimes.com via Yahoo! Finance)

  A decade ago, corporate whistle-blowing was almost unheard-of in Japan. But a broad transformation of Japan and the global economy has occurred.
  2008-06-06 09:36:57

• Business briefs: Saturday, June 7, 2008 (The Oklahoman)

  NATION AIG faces investigation on mortgage contracts WASHINGTON — Federal prosecutors have asked the Securities and Exchange Commission for material from its probe of whether American International Group Inc. overstated the value of mortgage-linked contracts, according to a newspaper report Friday. The request to the SEC from prosecutors in the Justice Department and the U.S. Attorney's ...
  2008-06-06 10:07:58

• Mailboxes empty as card issuers cut direct mail offers (Savannah Morning News)

  CHARLOTTE, N.C. - What's in your mailbox? Chances are, fewer credit-card applications.
  2008-06-06 10:11:48

• National And International Report / Wal-Mart rallies the troops, but year's outlook not as cheery (Pioneer Press)

  Wal-Mart executives said Friday that a reinvigorated focus on price has allowed the world's largest retailer to beat out competitors in a challenging economic environment.
  2008-06-06 10:11:48

• Tax Evasion, 2008 - NationalJournal.com

  Tax policy will be one of the most difficult tests for the next administration. This will be true whether Barack Obama or John McCain leads it. They have sharply opposed positions on the issue, so you might think an intense debate on the subject ...
  2008-06-06 02:05:00

• What to know about FHA loans (Bankrate.com via Yahoo! Finance)

  FHA-insured loans lagged during the housing boom, but are skyrocketing now. What do borrowers need to know?
  2008-06-05 03:00:00

• Finding Your Break-Even Point on a Refinancing (TheStreet.com)

  If you want to try for a lower rate, weigh the costs and benefits before making the move.
  2008-06-06 07:32:56

• Urstadt Biddle Properties Inc. Reports Operating Results for Second Quarter and First Half of Fiscal 2008 (wallstreet:online AG)

  Urstadt Biddle Properties Inc. (NYSE:UBA and UBP), a real estate investment trust, today announced
  2008-06-06 12:19:46

• Understanding Insurance, Spotting Predators (Washington Post)

  Here are some of the questions I get most often from mortgage borrowers:
  2008-06-06 01:38:56

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