Mortgage and Financial News From 2008-7-10 Page 18

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• Worries over Fannie Mae and Freddie Mac intensify (Market Watch)

  Mortgage giants Fannie Mae and Freddie Mac, are back in focus as it's reported that the Bush administration has been discussing what it would do should they fail.
  2008-07-10 06:23:45

• Bluegreen Corporation Renews $30 Million Revolving Line of Credit with Wells Fargo Foothill (Business Wire via Yahoo! Finance)

  BOCA RATON, Fla.----Bluegreen Corporation , a leading provider of Colorful Places to Live and Play®, today announced the renewal of its $30 million revolving line of credit with Wells Fargo Foothill, part of Wells Fargo & Company .
  2008-07-10 06:24:00

• BoE holds interest rates, analysts see eventual cut (MSN Money Canada)

  LONDON (Reuters) - The Bank of England held interest rates at 5.0 percent on Thursday as policymakers tussle with slower economic growth and surging inflation, but analysts say rates will have to fall eventually.
  2008-07-10 06:27:14

• Stocks head for flat open amid financials woes (AP via Yahoo! Finance)

  Stocks headed for a flat open Thursday as investors weighed better-than-expected sales reports from discounters and a $15 billion buyout for Rohm and Haas Co. against continued worries about the financial sector.
  2008-07-10 06:29:09

• Understanding reverse mortgages (Lake County News Sun)

  Dear Savvy Senior: Can you tell me about reverse mortgages? My wife and I are both in our 70's and are interested in learning more about this option. -- Homebody Bob
  2008-07-08 02:15:10

• Oil prices temper G8 climate change declaration: Harper (Regina Leader-Post)

  Prime Minister Stephen Harper conceded Tuesday that the surging price of oil influenced the Group of Eight to adopt a climate change declaration that environmentalists have condemned as toothless.
  2008-07-08 06:53:06

• County preparing 2008 tax bills (Greene County Daily World)

  Greene County property owners can expect to receive their 2008 tax bills in the next three weeks. County Treasurer Carolyn White said she has received the certified tax rates from the Indiana Department of Local Government Finance (DLGF) and began printing property tax statements Tuesday afternoon.
  2008-07-08 05:46:22

• St. Joseph County collects $31 million :Voluntary early payments, homestead credits, should help cash-flow problems. (South Bend Tribune)

  SOUTH BEND -- Some cash should start flowing soon to local governmental units, thanks partly to property owners who voluntarily made early payments of property taxes. Also helping with cash-flow issues is an early disbursement of homestead property tax credits from the state.
  2008-07-09 04:02:34

• Morningstar's Take on Stocks (KiplingerForecasts.com)

  The mutual fund rater extends its domain. That's good news for individual investors.
  2008-07-09 06:04:32

• Are you fit to buy a house? (Explorer News)

  “Price discounts of 10 to 25 percent!” “Low-interest financing available!” “Large inventory, great selection, and terrific values in every neighborhood!”
  2008-07-09 06:56:45

• CIO role could shift toward data quality, says IBM group (SearchSecurity.com)

  The subprime mortgage crisis illustrates a critical need for enterprises to implement a process for governing data, says IBM Council chairman.
  2008-07-09 11:06:42

• Real estate reflects 'cooling trend' (The Maui News)

  Prices for single-family homes are down 9 percent for the first half of this year, but prices for condominiums are up that much or more, according to statistics compiled by the Realtors Association of Maui. The number of closed residential sales is down sharply, but the pace of sales - as measured by days on the market - has slowed only moderately. In other words, according to association Chief
  2008-07-09 01:43:32

• Outside the Box: Decision-making expert is flummoxed in search for a house (Market Watch)

  DURHAM, N.C. (MarketWatch) -- My wife Sumi and I are house hunting. That presents many problems.
  2008-07-09 04:39:49

• Hedge fund millions reduced to nothing - Miami Herald

  John Devaney, CEO of United Capital Markets, returns email on his phone at his home in Key Biscayne. He is one of the top hedge fund managers in the country. Several hedge funds run by flamboyant Key Biscayne trader John Devaney that were worth more ...
  2008-07-10 03:37:00

• Barratt Renegotiates Loans, Agrees New Credit Line (Update3) - Bloomberg

  July 10 (Bloomberg) -- Barratt Developments Plc , the U.K.'s worst-performing homebuilding stock this year, renegotiated loan terms and a 400 million-pound ($792 million) credit line after the worst housing slump in 15 years wiped out sales. The ...
  2008-07-10 03:59:00

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