Mortgage and Financial News From 2008-7-10 Page 3

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  • Buy, sell or stay: Survive the housing crunch (Fort Worth Star-Telegram)

    Mortgage rates have risen about a half a percentage point over the past five weeks, according to mortgage research firm HSH Associates’ latest survey. May 23, the average conforming 30-year fixed-rate loan was 6.02 percent; last week it was 6.55 percent. The average jumbo loan May 23: 7.12 percent; last week, 7.65 percent. The average 5-1 Adjustable Rate Mortgages, or ARM, — conforming and ...
    2008-07-10 10:09:28

  • First Bank Mortgage’s ex-president allegedly funneled away $35 million (Columbia Missourian)

    ST. LOUIS — The former president of First Bank Mortgage in St. Louis is facing federal fraud charges for allegedly funneling $35 million from the bank over nearly two decades. ...
    2008-07-10 06:14:29

  • Friday newspaper round-up: ITV, Yell, Lloyds TSB (ShareCast)

    LONDON (SHARECAST) - ITV is braced for a severe decline in autumn advertising revenue as household-name companies batten down marketing budgets before Christmas.
    2008-07-10 10:34:09

  • McCain campaign co-chairman Phil Gramm says America in 'mental recession' (Dallas Morning News)

    WASHINGTON – Texan Phil Gramm handed John McCain a huge headache Thursday by calling America a "nation of whiners" whose economic complaints are mostly "mental."
    2008-07-10 10:45:18

  • Long-Term Bond Bull Paradox (GoldSeek.com)

    The USTreasury Bond market can be confusing. Price inflation in the United States is intentionally made confusing.
    2008-07-10 06:49:29

  • Man who preyed on well-heeled Republicans gets 30 months in prison (Sun-Sentinel)

    The boyish, well-spoken Fort Lauderdale man rubbed shoulders with Broward's Republican elite, conned them into fraudulent real-estate deals and passed himself off as a Harvard Law graduate, according to court documents.
    2008-07-10 07:18:54

  • Housing bailout includes new fingerprint demand (WorldNetDaily)

    Mortgage lenders and brokers and even office assistants and secretaries could be subjected to new federal demands to be fingerprinted under a provision of a massive housing bailout plan – with attachments – that is moving through Congress.
    2008-07-10 09:15:49

  • Uncle, brother-in-law testify in 'Body Snatchers' case (Milwaukee Journal Sentinel)

    Michael Lock’s uncle and brother-in-law testified against him Thursday, describing him as the mastermind behind a criminal organization known as the “Body Snatchers” that spied on other drug dealers and robbed, tortured and sometimes killed the...
    2008-07-10 09:30:06

  • Obama accepts Jackson's apology for 'hurtful' testicles remark (The Pantagraph)

    CHICAGO -- Democratic presidential candidate Barack Obama shrugged off a crude comment aimed at him by the Rev. Jesse Jackson, accepting an apology for a remark Jackson made as he contended that Obama wasn't speaking to issues important to the black community. | Video
    2008-07-10 10:27:39

  • Rethinking money market funds - International Herald Tribune

    A money market fund is usually considered one the safest places to put cash. But lately such funds have become surprisingly dangerous — not for investors, but for the financial companies that run them. During the last year, big banks and investment ...
    2008-07-10 08:19:00

  • Yellen says Fed rate policy nearing crossroads - Reuters

    PORTLAND, Oregon (Reuters) - The Federal Reserve is heading toward a "crossroads" on interest rate policy with inflation rising and growth weak, but the worst risks to the economy seem to have been avoided for now, a top Fed official said on Thursday ...
    2008-07-10 04:09:00

  • Bank holds interest rates at 5% as prices rise and growth stalls - The Independent

    The Bank of England held interest rates at 5 per cent yesterday as policymakers grappled with a combination of slowing economic growth and surging inflation. The Monetary Policy Committee's widely forecast decision to keep borrowing costs on hold had ...
    2008-07-10 04:23:00

  • Chile's Bank Raises Rates to 7.25% to Stem Inflation (Update2) - Bloomberg

    July 10 (Bloomberg) -- Chile's central bank raised the overnight interest rate by half a percentage point and signaled more increases may be needed to stem the fastest inflation in more than 13 years. Policy makers, led by central bank President Jose ...
    2008-07-10 04:02:00

  • Peru central bank raises benchmark rate to 6 pct - Forbes

    Peru - LIMA (Reuters) - Peru's central bank raised its benchmark interest rate Thursday after a monthly monetary policy meeting to 6 percent from 5.75 percent, its latest measure to curb inflation. The rate is now at its highest level in at least 5 ...
    2008-07-10 05:21:00

  • Bank hikes home loan rate - News.com.au

    CBA hikes home loan rate by 14 basis points RBA held official rates steady at 7.25 per cent last week In-depth : The latest interest rates news and features THE Commonwealth Bank of Australia has raised its variable home loan interest rates by 14 ...
    2008-07-10 09:17:00

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