Mortgage and Financial News From 2008-7-10 Page 01

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  • U.K. Banks Want More Liquidity Help From BoE, Telegraph Says - Bloomberg

    July 11 (Bloomberg) -- U.K. banking officials will meet today with the Bank of England to seek broader terms for a liquidity funding plan that was started in April, the Daily Telegraph reported, citing people familiar with the matter. The bankers ...
    2008-07-10 10:14:00

  • U.K. Mortgage Rates Surge, Consumer Confidence Slumps (Update1) - Bloomberg

    July 9 (Bloomberg) -- U.K. mortgage rates surged to the highest in eight years and consumer confidence dropped, adding to signs that the economic downturn is deepening. The rate on a home loan fixed for two years rose to 6.63 percent in June, the ...
    2008-07-09 02:56:00

  • FOREX-Dollar steadies but financial sector fears persist - Forbes

    The dollar steadied against the euro on Friday, a day after sliding on renewed concerns over the U.S. financial sector as shares and bonds of the country's two big mortgage finance companies tumbled on capitalisation fears. The euro stayed within ...
    2008-07-10 09:45:00

  • 3 biotech companies to move to or expand in Hub - Boston Globe

    Boston Mayor Thomas M. Menino said several biotech companies are moving to or expanding their operations in Boston, helping the city toward its goal of adding thousands of biotech jobs. Paratek Pharmaceuticals Inc., a Boston drug development company ...
    2008-07-10 09:17:00

  • 4.1 Million Use Credit Cards For Mortgage or Rent - Best Syndication

    There’s nothing wrong with debt in itself. Without debts such as mortgages and car loans, we wouldn’t be able to live our lives the way we want. But once we can’t afford our debt repayments, it’s time to ask for help, seeking expert debt ...
    2008-07-08 05:59:00

  • Financial advice from Citi's Chuck Prince? Xerox will take it - Los Angeles Times Blogs

    Citigroup Inc.’s shareholders have nothing but losses to show for Chuck Prince ’s four-year tenure as CEO of the financial giant. Now he gets a chance to give advice to Xerox Corp.’s CEO, Anne Mulcahy: Xerox’s directors today elected Prince ...
    2008-07-10 04:45:00

  • Even bankers find home sales difficult - Chicago Tribune

    Former Citigroup Inc. Chief Executive Officer Charles O. "Chuck" Prince III lost his job because of the housing slump. Now he's having a hard time selling his home. Prince's five-bedroom Tudor-style house in Greenwich , Conn., has been on the market ...
    2008-07-10 08:31:00

  • FBI puts cost of mortgage fraud at $1 billion in 3 months - Baltimore Sun

    WASHINGTON - The FBI estimates that victims of mortgage schemes that contributed to the country's housing crisis have lost more than $1 billion in the past three months. More than 400 real estate industry players have been indicted since March ...
    2008-07-08 05:59:00

  • New Hotline To Help Floridians Facing Foreclosure - WCJB

    While state and federal agencies are taking a closer look at predatory mortgage lending practices, little has been done for people whose homes are already in jeopardy until now. There are 10 numbers every Floridian facing foreclosure should know. The ...
    2008-07-10 03:19:00

  • First Bank Mortgage's Ex-President Indicted In $35 Million Fraud - CNN Money

    The former president of St. Louis's First Bank Mortgage, a unit of First Bank, was indicted Thursday for allegedly losing the institution up to $35 million as a result of shady securities transactions, the Department of Justice said. Mark Turkcan, 55 ...
    2008-07-10 04:23:00

  • Homeownership Advice Comes to a Community Near You. - KSDK

    KSDK - Help is on the way to put more local residents in homes and stop the nationwide problem of foreclosures. Experts say many people are losing their homes because they didn't know critical information before they signed the dotted line. Now, one ...
    2008-07-10 09:24:00

  • A mortgage of convenience - Chicago Tribune

    For first-time home buyers Joshua and Latoya Washington, the mid-February arrival of their high-efficiency furnace was a cause for celebration -- sweet reward for pursuing an energy-efficient mortgage. The loan allowed the Washingtons to roll the ...
    2008-07-10 05:03:00

  • Government considers takeover of Fannie Mae, Freddie Mac: report (EARTHtimes.org)

    TOKYO (Reuters) - The U.S. government is considering taking over top U.S. mortgage lenders Fannie Mae and Freddie Mac and placing them into conservatorship if their problems worsen, the New York Times reported, citing people briefed about the plan.
    2008-07-10 10:40:22

  • Breakfast talk focuses on avoiding foreclosure (Elk Grove Citizen)

    Elk Grove City Council Member Sophia Scherman Tuesday held her monthly community breakfast, but the topic was particularly close to home: an in-depth discussion on foreclosures, in an area that has been hit hard by the housing crisis.
    2008-07-10 10:42:01

  • Analysis: Saving habits leave spenders short (Independent Online)

    After decades when South African households failed to save, many are now heavily in debt, according to John Loos, First National Bank's home loans property strategist.
    2008-07-10 10:42:37

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