Mortgage and Financial News From 2008-2-5 Page 2

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  • Finance capital scrambles to avert deep slump - Party for Socialism and Liberation

    Finance capital scrambles to avert deep slumpParty for Socialism and Liberation - 5 minutes agoFor people of color in general, the racial bias of subprime mortgage lenders accounts for nearly double the wealth losses for people of color as for whites. ...
    2008-02-05 11:17:24
  • CBA under fire over bigger rate rise - Sydney Morning Herald

    CBA under fire over bigger rate riseSydney Morning Herald, Australia - 3 minutes agoMr Swan acknowledged that lenders were facing increased borrowing costs due to the fallout from the US sub-prime crisis. "But I think that banks need to be ...
    2008-02-05 11:19:43
  • Car loans may play hard to get (Pioneer Press)

    Late sending in the money for the car? You're not alone.
    2008-02-05 10:11:50
  • Bills take aim at slowing rate of foreclosures (The Washington Times)

    ANNAPOLIS (AP) — Alarmed by a skyrocketing foreclosure rate, Maryland lawmakers started work yesterday on a package of bills aimed at slowing the number of homeowners losing their houses.
    2008-02-05 10:17:45
  • Heightening market fears (The Myrtle Beach Sun News)

    Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector - its banks, travel companies, contractors and stores, among others - shrank for the first time in five years. It was unwelcome news for many investors, who were beginning to believe that the Federal Reserve might engineer a way out of the worst economic slowdown since 1991. Stocks ...
    2008-02-05 10:23:24
  • U.S. service sector shrinks for the first time in 5 years (Southeast Missourian)

    NEW YORK -- Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector -- its banks, travel companies, contractors and stores, among others --...
    2008-02-05 10:38:15
  • Brokers: Legislation not needed (Gresham Outlook)

    As a national tide of home foreclosures spreads to Oregon, the state Legislature is responding with a bill to reform mortgage-lending practices. Some East County brokers and real estate agents are unconvinced this is an appropriate response to what they see as a cyclical phenomenon.
    2008-02-05 10:39:26
  • Index collapse slams stocks (Memphis Commercial Appeal)

    Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector -- its banks, travel companies, contractors and stores, among others -- shrank for the first time in five years.
    2008-02-05 11:07:33
  • CBA under fire over bigger rate rise (The West Australian)

    Treasurer Wayne Swan has warned the Commonwealth Bank that it has "a lot of explaining to do" after lifting its mortgage rate by more than the latest Reserve Bank increase.
    2008-02-05 11:17:07
  • Lousy service sector rattles markets (Cape Cod Times)

    NEW YORK — Lingering hopes that the U.S. economy might avert a recession withered yesterday after the nation's service sector shrank for the first time in five years.
    2008-02-05 11:17:59
  • Slowdown trims service sector (Provo Daily Herald)

    Recession worries rise with the reported cutback, the first in 5 years Vinnee Tong NEW YORK -- Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector -- its banks, travel companies, contractors and stores, among others -- shrank for the first time in five years.
    2008-02-05 11:20:32
  • Now, PSU banks cut interest rates

    Times of India - The cut in interest rate is irrespective of loan amount and for all tenures up to 25 years, the bank said in a statement. The revised rates for loans up to Rs 20 lakh will be 10%for five year tenure, 10.25% for 10 years and 10.5%for loans of 10 ...
    2008-02-05 02:32:00
  • Grim report sinks stocks

    Los Angeles Times - Trading in interest-rate futures Tuesday indicated a 76% chance of a half-point cut, up from 68% odds Monday. The implied odds of a three-quarters-of-a-point chop were 24%, up from no chance Monday. Merrill Lynch said the central bank could act before ...
    2008-02-05 09:49:00
  • Odds of further rate cuts increase after weak data on non ...

    Forbes - NEW YORK (Thomson Financial) - The odds of further interest rate cuts continue to increase, after data showing a surprise contraction in non-manufacturing activity prompted Merrill Lynch to say it saw a 'strong chance' of an inter-meeting rate move ...
    2008-02-05 11:04:00
  • Retail stocks hit hard by interest-rate rise

    News.com.au - Wesfarmers led the retailers, losing $1.10 to $37.90. Woolworths was down 77 to $29 and JB Hi-Fi fell 62 to $13.78. Other interest-rate-sensitive stocks among the banks, insurers and listed property trusts also took a battering. But figures out ...
    2008-02-05 11:26:00