Mortgage and Financial News From 2008-10-4 Page 8
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Reserve Bank tipped to slash interest rates - News.com.au
AUSTRALIAN financial markets are factoring in a 50 basis point cut in interest rates next week after economic data released today showed signs of underlying weakness in the economy. Economists expect the Reserve Bank of Australia (RBA) to slash ...
2008-09-29 05:53:00 -
Financial crisis: Nearly 600 mortgage deals are scrapped in a week - Daily Telegraph
At the start of the week there were 3,983 home loans available on the market, but this had fallen to 3,402 by the end of business on Friday, the lowest number ever recorded by MoneyFacts, the personal finance research publisher. The data also shows ...
2008-10-03 06:57:00 -
House building 'at lowest level for 50 years' - Daily Telegraph
Analysis of official data shows that 2008 is on course to be the worst year for the building industry since 1957. With banks and other lenders drastically reining in mortgage offers to borrowers hoping to get on the property ladder demand for new ...
2008-10-02 11:48:00 -
Joint EU Bank Bailout: Prospects Dim - BusinessWeek (BusinessWeek)
2008-10-03 06:12:01 -
Bush signs bailout bill; now it's wait and see (Honolulu Advertiser)
Congress yesterday gave final approval to what may be the biggest government bailout in American history, authorizing the Bush administration to spend $700 billion to try to thaw frozen credit markets and prevent a deep recession.
2008-10-04 04:05:40 -
Senate sweetens bailout deal (The Conroe Courier)
President Bush and congressional leaders lobbied furiously Thursday for enough House support to push through the $700 billion bailout of the financial industry.
2008-10-04 06:43:54 -
Nice bailout. Now what else you got? (Los Angeles Times)
With Uncle Sam now about to make good on a $700-billion bailout for the financial system, Wall Street on Friday looked like an ungrateful child.
2008-10-04 07:04:09 -
Fixing up the cracks - The Age
Not quite yet, but the passage of the $US700 billion ($A900 billion) bail-out through Congress will help to stabilise money and credit markets that have threatened to cripple economies worldwide. Even after the bail-out was approved, the Libor, the ...
2008-10-04 06:56:00 -
Mortgage help included; aid’s success uncertain - Record Searchlight
Nobody knows whether the $700 billion bailout will work, but there’s hope. “It’s like terminal cancer and the chemotherapy that nearly kills you,” Redding mortgage banker Mark Gazzigli said Friday. “If the chemotherapy cures the cancer ...
2008-10-04 04:19:00 -
Banks given a break on interest rate cuts - News.com.au
YOU know things must be serious when Prime Minister Kevin Rudd and Treasurer Wayne Swan stop beating up the banks over interest rates. Bank-bashing is an absolute staple of populist politics and as recently as last month Swan was revelling in the ...
2008-10-04 04:54:00 -
How to handle the economic crisis - Detroit Free Press
Freep.com held a Web chat Friday with financial adviser Dan Casey of Retirement Advocacy Group Corp. in Mt. Clemens and Troy and mortgage broker Nick Di Legge of Interactive Financial Corp. in Troy. Here are some of the questions and answers. Read ...
2008-10-04 08:08:00 -
In this section (Hampshire Chronicle)
Britain's biggest mortgage lender has become the latest mortgage lender to hike its mortgage rates.
2008-10-04 07:55:35 -
U.S. Stocks Fall as Recession Signs Outweigh Bank Bailout Plan (Bloomberg)
Oct. 4 (Bloomberg) -- U.S. stocks fell the most since the September 2001 terrorist attacks as concern that tightening credit markets will prolong an economic slowdown overshadowed the passage of a $700 billion financial-market rescue package.
2008-10-04 08:01:58 -
Bank presidents: ‘We’re still loaning’ (Reporter-Times)
Morgan County bank presidents say they have had a few phonecalls from customers asking about Federal Deposit Insurance Corp. protection since the U.S. Senate and House both passed the Wall Street bailout plan this week.
2008-10-04 08:03:11 -
Banks get tougher on home buyers (The New Zealand Herald)
Prospective home buyers are battling with cautious banks to get home loans approved in the wake of the global credit crunch - and facing expensive rates for the privilege.
2008-10-04 08:17:29