Mortgage and Financial News From 2008-3-21 Page 7
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Bank fees are on the rise -- read the fine print (Orlando Sentinel)
Caught between the housing slump, credit crunch and interest-rate squeeze, many of the nation's banks are looking for ways to boost their bottom lines by revving up some of the fees their customers pay.
2008-03-21 03:31:24 -
Money woes persist for home buyers (BG News)
WASHINGTON - Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow - even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can't afford the traditional 20 percent down payment on a home, have already flagged nearly a quarter of the nation's ZIP codes where they refuse to insure ...
2008-03-21 01:06:56 -
Fed rate cuts pay dividends as 30-year mortgages drop (Daily Record)
WASHINGTON -- Rates on 30-year mortgages dropped below 6 percent this week for the first time in more than a month, reflecting aggressive efforts by the Federal Reserve to cut interest rates to protect the economy from a serious recession.
2008-03-21 01:10:53 -
Resistance from Bush could stall housing aid (The Tennessean)
WASHINGTON — Now that the Federal Reserve has pledged billions of dollars to rescue Wall Street bankers from possible default, lawmakers and regulators are turning their attention to helping people — from homeowners in danger of foreclosure to those who want to buy a home.
2008-03-21 01:16:44 -
Dexia Picks Up Bond Insurance Market Share; Buffett Enters Fray (Bloomberg.com)
March 21 (Bloomberg) -- Dexia SA , the world's largest lender to local governments, is beating Warren Buffett and Wilbur Ross to grab most of what's left of the bond-insurance business.
2008-03-21 01:17:11 -
Next crisis? College loans (The Columbus Dispatch)
As Otterbein College gears up to handle student-loan requests for next school year, its financial-aid office is seeing a disturbing trend: a growing list of companies exiting the student-loan business.
2008-03-21 01:17:26 -
U.S. banks tightening their lending standards (The Desert Sun)
Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow - even for those with good credit.
2008-03-21 01:29:23 -
European Banks Try to Inject a Bit of Calm (NYTimes.com via Yahoo! Finance)
The European Central Bank and the Bank of England surprised markets with new loans that banks can use to firm up balance sheets over the holiday weekend.
2008-03-21 01:39:31 -
Bookseller for sale (Worcester Telegram & Gazette)
ANN ARBOR, MICH. - Borders Group Inc., the second-largest U.S. bookstore chain, put itself up for sale and halted its dividend as Chief Executive Officer George Jones said the retailer was unable to borrow money to remodel stores and pay for new technology.
2008-03-21 01:43:14 -
Local news briefs (Stevens Point Journal)
CAP Services CEO and President Karl S. Pnazek was presented the National Community Action Foundation 2008 Spirit of Community Action Award at the organizations annual legislative conference in Washington, D.C. on March 13.
2008-03-21 01:53:54 -
Senior tax deferral to get full debate (The Wichita Eagle)
Rep. Tom Holland, D-Baldwin City, has spent the past two years trying to get a tax-relief bill for seniors out of the House Taxation Committee. On Thursday, he succeeded. HB 2928 would allow homeowners 65 and older to defer property tax payments until their homes are sold. It would apply to older adults with adjusted gross incomes of $60,000 or less. If the bill becomes law, homeowners must ...
2008-03-20 11:55:43 -
(AFX UK Focus) 2008-03-21 06:34 GMT: Stocks cap volatile week with big gains (Interactive Investor)
NEW YORK (AP) - businessminute
2008-03-20 11:57:50 -
(AFX UK Focus) 2008-03-21 06:28 GMT: Reports suggest economy weakening more (Interactive Investor)
NEW YORK (AP) - 0320dv--economy--qa
2008-03-20 11:58:00 -
Gold futures sinking after dollar rebounds (Times Leader)
NEW YORK — Gold prices tumbled to a one-month low Thursday, plunging after the dollar gained some muscle against the euro and hedge funds cashed in profits following the metal’s record-setting rally above $1,000.
2008-03-20 11:59:05 -
Mortgage industry tightens its belt (The Oregonian)
WASHINGTON -- Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow -- even for those with good credit.
2008-03-21 12:01:09