INSTANT VIEW: Mortgage approvals fall (Reuters via Yahoo! UK & Ireland News)
Mortgage approvals fell for the 12th straight month to hit a series low in July, the
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Dems Planning Needed Mortgage Help (Time Magazine) Homeowners staggering under mounting mortgage debt and facing foreclosure could get cheaper, government-backed loans under Democrats' housing rescue plan read more...
Do you remodel or buy a new house? When his clients ask whether they should remodel their homes, financial planner Phillip Cook of Torrance, Calif., likes to recount the night he and his wife spent trying to keep
Help for first-time buyers in housing market Up to 100,000 people will be given help buying their own home under plans to be announced by Chancellor Gordon Brown on Wednesday.via
Defendant in mortgage fraud case ordered to drug center (Picayune Item) HATTIESBURG (AP) - A federal judge has ordered the alleged ring leader of a mortgage fraud scheme to report to a drug treatment center. U.S. Magistrate Robert H. Walker issued
New rage in mortgages is a roll of the dice Soaring real estate prices that astound even veteran mortgage lenders are driving more home buyers and investors to embrace a type of loan that barely existed a few years ago.via
Mortgage holders get small reprieve (TVNZ) There has a small easing of the pain in the wallet for some mortgage holders as a flurry of interest rate reductions that began on Friday continue. Westpac and National
August 31st, 2008
August 31st, 2008
Mortgage approvals fall to series low in July (Reuters via Yahoo! UK & Ireland News)
Mortgage approvals fell for the 12th consecutive month to hit a series low in July, the Bank of England said on Monday, pointing to further sharp falls in house prices in the coming months.
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August 31st, 2008
Mori’s Big — and Tall — Bet on Shanghai
In a big bet on China’s post-Olympics economy, Japanese developer Minoru Mori opened the country’s tallest skyscraper in a challenging environment.
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August 31st, 2008
UK: Pound drops to all-time low against euro
The pound fell to an all-time low against the euro on Monday after Britain’s Treasury chief Alistair Darling said the country was facing the worst economic crisis in 60 years.
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August 31st, 2008
Gross mortgage lend falls 13pc in Q2 (Ireland Business World)
Gross mortgage lending fell by 13pc in the second quarter compared to the same period last year, the latest data from the Irish Banking Federation (IBF) showed today.
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August 31st, 2008
Subprime-Mortgage Loss Indexes Not `Good Predictors,’ BIS Says (Bloomberg.com)
Sept. 1 (Bloomberg)—Credit-default indexes that banks use to calculate writedowns from the subprime-mortgage market are probably poor indicators of future prices because they don’t capture all debt instruments, the Bank for International Settlements said.
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August 31st, 2008
81 Mortgage Corp. homes in foreclosure (The Nassau Guardian)
Eighty-one homes of Bahamians who have mortgages with the Bahamas Mortgage Corporation have been placed in foreclosure, according to a corporation official.
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August 31st, 2008
New rules to stop mortgage fraud (BBC News)
New rules have come into force to help stop mortgage lenders becoming the victims of over-inflated property valuations.
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August 31st, 2008
Tough Times Mean Spending Cutbacks. But Booze?
By 6:30 p.m. every stool at the bar is taken. It’s a Thursday night at the White Horse Tavern, a well-worn watering hole in the shadows of lower Manhattan’s financial district, and the regulars have found a …
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August 31st, 2008
H&R Block Bank navigates away from mortgage market (BizJournals)
The mortgage market continues to be a thorn in the paw of H&R Block Inc., leading management to call for a change in strategy at H&R Block Bank.
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