Mortgage and Financial News From 2008-4-23 Page 01

Previous Day: 2008-04-22

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• Small shareholders seek judicial review over Northern Rock compensation (Times Online)

  Northern Rock’s small shareholders will take High Court action against the Treasury within weeks after the Government’s lawyers rejected their plea for compensation.
  2008-04-23 02:11:44

• California foreclosures at 15-year peak (Pacific Business News)

  The number of California homes going into foreclosure jumped last quarter to its highest level in more than 15 years.
  2008-04-23 02:53:38

• Step away from the edge (The Milan News-Leader)

  While the home mortgage crisis may be much worse in many parts of the nation, Washtenaw County has not escaped that dark economic cloud.
  2008-04-23 02:56:28

• 3 from Lynnwood charged in pot-growing operation (Everett Herald)

  LYNNWOOD -- Three suspected marijuana growers from Lynnwood have been indicted on federal charges as part of a large-scale operation to shut down indoor dope farms.
  2008-04-23 03:25:28

• Something for everyone at Fallon Convention Center this weekend (Reno Gazette-Journal)

  The word has gotten out among home improvement and gardening businesses that the Fallon Soroptomists have a terrific home and garden show because this year's show to be held this Saturday and Sunday at the Fallon Convention Center, has attracted most of last year's vendors and a number of new vendors; even one from as far away as Montana.
  2008-04-23 07:43:31

• UPDATE: Biggest Stock Moves Linked To Company News, Fed: Goldman Sachs (The Forex Market)

  SAN FRANCISCO (Dow Jones) - The biggest one-day moves in stock and bond markets over the past six months stemmed from Federal Reserve actions and company-specific news, says a new analysis by Goldman Sachs.
  2008-04-23 09:17:16

• Foreclosure Costs Group Thousands (The Tampa Tribune)

  Two condominium units in our association have been foreclosed on because of nonpayment of first mortgages. There was $15,500 in past-due maintenance and attorney fees owed to our association. Unfortunately, our association stands to recover only about $1,500 despite liens that had been filed against the property.
  2008-04-23 09:31:32

• Tamweel closes $235m syndicated bank facility (AME Info)

  Dubai-based Islamic mortgage lender Tamweel said it successfully closed a $235m syndicated bank facility, which involved the participation of leading regional and international financial institutions, including banks based in the Far East. The facility, provided under a Sharia-compliant structure, will be used to fund Tamweel's long-term growth and aggressive business objectives.
  2008-04-23 09:33:52

• Beware the fine print in tax waiver law (San Francisco Chronicle)

  Late last year, President Bush signed a law that temporarily waives federal income tax on certain home-mortgage debt that is canceled or forgiven. Congress, Bush and the real estate industry hailed the Mortgage Forgiveness Debt Relief Act of 2007 as a boon...
  2008-04-23 09:58:45

• My Profession: Improving seniors' lives (Memphis Commercial Appeal)

  Career advice: If you are doing everything the same way this year as you were last year, you are probably doing some things the wrong way.
  2008-04-23 10:04:19

• Find the Best Deal on Refinancing Your Home (Richfield Reaper)

  (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
  2008-04-22 08:01:32

• Weather the perfect storm (Moneymanager)

  High interest rates and faltering property values in Australia and recession in the US are creating "the perfect storm" for debt-laden consumers, according to the author of a research paper on mortage stress.
  2008-04-23 12:16:31

• UK Property Investment Alert: Buy Real Estate Now (PRWeb)

  Real Estate developers in the United Kingdom are feeling the heat as properties are being down valued, leaving easy pickings for savvy property investors with an eye for a bargain. (PRWeb Apr 23, 2008) Read the full story at http://www.prweb.com/releases/2008/04/prweb882124.htm
  2008-04-23 01:10:16

• Boston Private Financial Holdings Announces Preliminary Results for First Quarter 2008 (Business Wire via Yahoo! Finance)

  BOSTON----Boston Private Financial Holdings, Inc. today reported its first quarter 2008 cash earnings of $0.37 per diluted share, a decrease from $0.44 in the first quarter of 2007.
  2008-04-23 03:00:00

• Republic Services, Inc. Reports First Quarter Earnings Per Share of $0.41 (PR Newswire via Yahoo! Finance)

  Republic Services, Inc. today reported that revenue for the three months ended March 31, 2008 increased 1.8 percent to $779.2 million compared to $765.6 million for the same period in 2007.
  2008-04-23 02:03:00

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