Mortgage and Financial News From 2007-10-20 Page 2
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Inflation spike dismissed as short term
Globe and Mail - Inflation spike dismissed as short term Economists see the strong loonie and slowing U.S. economy easing the current ... It all confirms that interest rates will likely stay on hold for the rest of the year and possibly be cut in 2008. The central ...
2007-10-20 03:03:00 -
NTB’s ‘Variable Lease” product
Sri Lanka Sunday Times - Nations Leasing, the leasing arm of Nations Trust Bank, recently launched the ‘Nations Variable Lease’ - a new variable lease product. The Nations Variable Lease is structured to reflect current market interest rates. Keshini Jayawardena, Deputy ...
2007-10-20 02:27:00 -
Tax rates don't tell whole story
Janesville Gazette - Just looking at the rates doesn't tell the whole story, village Clerk Connie ... Each year, the town uses $250,000 from earned interest for general expenses. "It's ... Location, current events and construction and the needs and wants of the residents ...
2007-10-20 09:44:00 -
Rates likely to be left unchanged by bank
New Zealand Herald - Reserve Bank governor Alan Bollard is expected to leave interest rates at their current levels when he makes his decision on Thursday. Photo / Mark Mitchell The Reserve Bank is expected to keep its official cash rate at 8.25 per cent on Thursday to ...
2007-10-20 01:58:00 -
AP Business NewsBrief at 8:31 p.m. EDT
CNBC - ... With all the predicaments facing the markets these days _ credit growing scarcer, oil near a record $90 a barrel, home ... LOS ANGELES (AP) _ A pension plan that owns shares of Countrywide Financial Corp. has asked the mortgage lender's board to oust ...
2007-10-20 05:26:00 -
Hit By The Boom
Tampa Bay Online - As soon as you know you're not going to be able to make a mortgage payment, notify the lender, experts recommend. Banks don't want to foreclose. The process typically costs more than can be recovered by selling the home. As a result, some lenders are ...
2007-10-20 08:32:00 -
KEEP YOUR HOME
Tampa Tribune - One of the biggest mistakes cash-strapped homeowners make is keeping quiet. As soon as you know you're not going to be able to make a mortgage payment, notify the lender, experts recommend. Banks don't want to foreclose. The process typically costs ...
2007-10-20 09:08:00 -
Pension plan asks board of mortgage lender Countrywide to replace ...
CNBC - Countrywide shares have lost more than 50 percent since January as the mortgage lender, the nation's largest by volume, has struggled through a severe housing slump and financial woes caused by the spike in home loan defaults and foreclosures. The ...
2007-10-20 03:10:00 -
Foreclosure Takes Awhile In Florida
Tampa Bay Online - If you're behind on your mortgage payments, be glad you don't live in Georgia. There, a lender can take back the keys to your home in as little as 30 days. Lenders don't even have to go through the court system. A newspaper ad informing the public of ...
2007-10-20 08:32:00 -
Pension plan wants Countrywide CEO out (CNN Money)
The American Federation of State, County and Municipal Employees calls for ouster of Angelo Mozilo, chairman and CEO of embattled mortgage lender.
2007-10-20 03:37:17 -
Foreclosure Takes Awhile In Florida (The Tampa Tribune)
If you're behind on your mortgage payments, be glad you don't live in Georgia. There, a lender can take back the keys to your home in as little as 30 days. Lenders don't even have to go through the court system. A newspaper ad informing the public of an upcoming sale suffices.
2007-10-20 09:18:18 -
Area home auctions hit the roof (Boston Globe)
The total number of foreclosures in 36 Massachusetts communities north of Boston nearly tripled from January through September compared with the same period last year, showing the national mortgage turmoil is hitting home with a vengeance.
2007-10-20 09:36:08 -
Pension plan asks board of mortgage lender Countrywide to replace chairman Mozilo (Naples Daily News)
A pension plan that owns shares of Countrywide Financial Corp. has asked the mortgage lender's board to oust Chairman and CEO Angelo Mozilo amid criticism of the company's management and a sharp decline this year in its stock price.
2007-10-20 05:22:18 -
Wachovia Earns $1.69 Billion, EPS of 89 Cents Per Share
PR Newswire - ... in the capital markets resulting in valuation losses of $1.3 billion before tax and reduced origination and distribution revenues in the Corporate and Investment Bank. -- Revenue growth led by a 28 percent increase in net interest ...
2007-10-19 05:56:00 -
Finance officials vow to limit economic fallout
Nashville Tennessean - Meanwhile on Friday, Bernanke said Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty. "Uncertainty — about the state of the economy, the economy's ...
2007-10-20 01:55:00