Mortgage and Financial News From 2008-7-10 Page 2

Previous Day: 2008-07-09

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• Cut in price of petrol is on the cards (Independent Online)

  A sudden drop in international oil prices and an overrecovery in the local fuel price for the first time since last August could lead to a small cut in the price of petrol next month.
  2008-07-10 10:42:46

• Japan's Bonds Fall on Report U.S. May Take Over Fannie, Freddie (Bloomberg.com)

  July 11 (Bloomberg) -- Japanese 10-year bonds fell, reversing gains, after the New York Times reported U.S. officials are considering plans to take over Fannie Mae and Freddie Mac, the largest buyers of the nation's home loans.
  2008-07-10 10:44:37

• Around the nation (Houston Chronicle)

  Sumner Redstone, the billionaire who controls Viacom and CBS Corp., said daughter Shari Redstone won't succeed him and a decision about an eventual replacement will be made by directors.
  2008-07-10 10:46:56

• (AFX UK Focus) 2008-07-11 06:23 Thomson Financial Europe AM at a glance share guide: Stocks, oil mixed (Interactive Investor)

  LONDON (Thomson Financial) - US SUMMARY: Stocks rise, oil higher
  2008-07-10 10:47:45

• Illinois foreclosures still way up (Daily Herald)

  Significantly more Chicago area households received some type of foreclosure notice this June than last, suggesting the local foreclosure problem stands to get worse before it gets better.
  2008-07-10 10:48:55

• Nursing students learn aid fund on life support (Times Leader)

  Nursing students, on the heels of learning a state loan forgiveness program has been eliminated, now face an additional loss of financial aid. The news comes at a time when nursing jobs are in demand across the state.
  2008-07-10 10:51:05

• News (The West Australian)

  Federal Treasurer Wayne Swan says retail banks need to justify their mortgage rate actions to working families. The country's largest home lender - the Commonwealth Bank - today announced it was raising its standard variable mortgage rate by 0.14 per cent to 9.58 per cent from Monday.
  2008-07-10 10:55:28

• Leading article: The tired politics of racial division (Independent)

  Barack Obama has upset the veteran American civil rights leader Jesse Jackson. Normally, a squabble between party allies in an election year would be damaging. But it is hard to see this particular disagreement as anything but a boost for the Democratic nominee's campaign to become the first black President of the United States.
  2008-07-10 04:31:31

• Market forces: Heat on HBOS after talk of deal down under (Guardian Unlimited)

  Nick Fletcher: Sources suggest a sale of the Australian business was not imminent, and no approaches had been received
  2008-07-10 04:46:23

• Fannie Mae Redemption (Bernama via Yahoo! Malaysia News)

  ATTENTION EDITOR, BUSINESS DESK
  2008-07-10 08:43:13

• Former President of First Bank Mortgage Indicted on Multiple Fraud Charges Causing a Loss of $35 Million (PR Newswire via Yahoo! News)

  Mark Turkcan, of Kirkwood, Mo., was charged in an 11 count indictment alleging fraudulent activities connected with his position at First Bank Mortgage, causing a loss of $35 million to a St. Louis Bank, U.S. Attorney Catherine L. Hanaway of the Eastern District of Missouri and John Gillies, Special Agent-in-Charge for the FBI in St. Louis announced today.
  2008-07-10 04:13:00

• The Economy This Week (Inc Magazine)

  Inflation fears rising among small-business owners; fewer companies going public.
  2008-07-10 09:09:56

• Get On The Bus (The Tampa Tribune)

  Paul Nerger of Valrico flipped through a binder detailing the specifications of a dozen foreclosed houses in the Bay area as he rode a bus one recent Saturday morning. He was one of 13 riders people who had signed on for a "foreclosure bus tour" organized by a Tampa Realtor.
  2008-07-10 09:24:43

• Chandler Reports Gains Veteran Appraiser Stevenson (The Memphis Daily News)

  Chandler Reports, sister company to The Daily News and The Memphis News, recently bolstered its real estate acumen by hiring Cleo Stevenson, former ch....
  2008-07-10 10:04:03

• Mortgage Workers Could Face Fingerprint Requirement (Media General News Service Washington Bureau)

  Language in huge housing bail-out bill would create national registry of all oan "originators," who must undergo criminal background checks to be licensed. more
  2008-07-10 04:34:57

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