Mortgage and Financial News From 2008-6-6 Page 5
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Competion to be ‘worst-buy’ (Times Online)
The mortgage market has been turned on its head. Banks and building societies used to compete on price, vying to offer the lowest rates and most reasonable arrangement fees. The aim, after all, was to attract borrowers through their doors.
2008-06-06 01:49:14 -
Moody's Corporation - Hampton Roads Daily Press
Credit-ratings agency Standard & Poor's said Thursday it cut the financial-strength rating on bond insurers MBIA and Ambac Financial Group to "AA" from "AAA," a day after Moody's said it was considering doing the same thing. S&P said it cut the ...
2008-06-06 12:17:00 -
Banks Say Auction-Rate Investors Can't Have Money (Update1) - Bloomberg
June 6 (Bloomberg) -- Franklin Biddar wants his money, and says Bank of America Corp. won't let him have it. The 65-year-old real estate investor from Toms River, New Jersey, said he hasn't had access to cash the bank invested for him in auction-rate ...
2008-06-06 07:45:00 -
RLPC-KazMunaiGas to launch $2.5 bln loan Monday - source - Reuters
LONDON, June 6 (Reuters) - Kazakhstan oil and gas company KazMunaiGas [KMG.UL] will launch syndication on Monday of a $2.5 billion, three-year unsecured loan, a banking source said on Friday. Mandated lead arrangers are ABN AMRO, Bank of Tokyo ...
2008-06-06 06:48:00 -
Remarks by the President at the Ceremonial Swearing-in for the ... - CNBC
WASHINGTON, Jun 06, 2008 (BUSINESS WIRE) -- Department of Housing and Urban Development 1:55 P.M. EDT THE PRESIDENT: Welcome. Thank you. It's -- so glad to be here at the Department of Housing and Urban Development. And I've come to introduce you to ...
2008-06-06 12:03:00 -
Fed's Bullard: Fed must tackle inflation this year - CNBC
MADISON, Wisconsin - The Federal Reserve has cut interest rates enough to shield the U.S. economy from the housing crisis and must now tackle inflation for the remainder of the year, a top Fed official said on Friday. "Given the current economic ...
2008-06-06 12:24:00 -
Wealthy savers punished with poor rates - Daily Telegraph
Banks and building societies are failing to offer their wealthy customers decent savings rates, with four out of five rich savers being paid less than the Bank of England base rate. Just 22 per cent of the 924 accounts for people with large balances ...
2008-06-06 10:01:00 -
Mortgages & homes - Mortgage features - This is Money
Troubled bank Bradford & Bingley, a specialist in buy-to-let, has increased mortgage rates for new borrowers at the same time as other High Street lenders raise fixed rates. B&B's move comes as other mortgage lenders, including Abbey, Nationwide and ...
2008-06-06 10:44:00 -
U.S. mortgage bond prepayments decrease in May - Reuters
NEW YORK, June 6 (Reuters) - Prepayments on U.S. mortgage-backed securities decreased in May from April levels as home loan refinancing activity dropped, according to figures from several Wall Street banks. The drop in refinancing was a reflection of ...
2008-06-06 11:56:00 -
Major mortgage lenders put up rates - Hounslow Guardian
Two of the UK's biggest mortgage lenders have announced they are increasing their rates for new customers. Bradford & Bingley is hiking the interest charged on a range of its deals by up to 0.55%, while Abbey is increasing some of its rates by up to ...
2008-06-06 09:40:00 -
Motherhood and money: When a family's new arrival is a financial ... - Daily Telegraph
Contrary to what some feminists once claimed, it really is still very difficult for women to "have it all" and combine a career with motherhood. Before the arrival of children, more than four out of five working women in Britain are in full-time ...
2008-06-06 11:06:00 -
Council of Mortgage Lenders to advise MPs on dealing with increase in ... - Times Online
Mortgage lenders are gearing up for a rise in repossessions by publishing manuals for MPs to advise them how to deal with constituents in danger of losing their homes. The Council of Mortgage Lenders (CML), which represents 98 per cent of the ...
2008-06-04 04:37:00 -
'The Mortgage Millionaire: Sales and Life Strategies That Can Take You ... - Biloxi Sun Herald
In his new book, "The Mortgage Millionaire: Sales and Life Strategies That Can Take You to The Next Level" (published by AuthorHouse -- http://www.authorhouse.com), author William B. Bronson shares his years of experience in the mortgage industry ...
2008-06-05 05:45:00 -
A 'ZZZ+' rating for U.S. economy - Baltimore Sun
Effective immediately, the agencies said, America is assigned a score of "ZZZ+," a new category that more accurately captures the financial characteristics of consumers, businesses and politicians. "Rather than taking the trouble to research ...
2008-06-06 06:05:00 -
Property advice: Q and A - Daily Telegraph
Q My son is hopeless with money and I'm worried that he may not be keeping up with his mortgage payments. He won't discuss it with us, so where could he go for advice? A Advise him to call the National Debtline (0808 808 4000), a free, confidential ...
2008-06-04 10:35:00