Mortgage and Financial News From 2008-4-23 Page 3
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German Prosecutors Probe Possible IKB Insider Trading (Update2) (Bloomberg.com)
April 23 (Bloomberg) -- German prosecutors are investigating possible insider trading of shares in IKB Deutsche Industriebank AG , the first German casualty of the U.S. subprime collapse.
2008-04-23 04:51:17 -
More Economy Pages (Heritage Foundation)
The collapse of the subprime mortgage market in late 2006 set in motion a chain reaction of economic and financial adversity that has spread to global financial markets, created depression-like conditions in the hous ing market, and pushed the U.S. economy to the brink of recession.
2008-04-22 11:09:56 -
Mortgage deals unlikely to improve for months (Daily Telegraph)
Struggling families will not see the cost of their home loans cut after Alistair Darling failed to press mortgage lenders to come to their aid.
2008-04-22 11:51:32 -
Home improvement top reason for reverse mortgage (The New Zealand Herald)
Around 13 per cent of people who take out reverse mortgages do so to repay other debt. This is one of the findings of a study into the reverse mortgage market commissioned by Sherpa, the industry body representing home equity release product providers in this country.
2008-04-22 01:37:19 -
Hamish McRae: After the £50bn bail-out, how are we placed? (Independent)
So what happens next? We have just had a £50bn bail-out for the banks under the Bank of England's "special liquidity scheme" to free-up the mortgage debt they cannot sell and so start to tackle the mortgage famine. We will have further interest rate cuts, though these may take some time to come through. But will these measures succeed in reviving the housing market? And, more broadly, how well ...
2008-04-22 04:26:19 -
FW Family Raising Money To "Save Granny's House" (CBS 11 Dallas/Fort Worth)
A 69-year-old North Texas woman is about to lose her home, and her grandkids are doing all they can to help. The family needs to raise more than $62,000 in eight days to keep the home out of foreclosure.
2008-04-22 09:06:52 -
Existing home sales continue to tumble (Columbus Ledger-Enquirer)
Associated Press
2008-04-23 12:14:37 -
Broward, Palm Beach home sales, prices still slumping (Sun-Sentinel)
Credit, foreclosure woes hurt region South Florida's tattered housing market is stumbling into the spring selling season, with any hope for a recovery still months away, experts say.
2008-04-23 12:15:08 -
Home sales slump persisted in March (Baltimore Sun)
Prices also fell amid predictions of slide extending into 2009 The two-year U.S. housing slump showed no sign of abating in March as sales of previously owned homes fell for the seventh time in eight months.
2008-04-23 12:19:24 -
Website a winner in troubled times (icWales)
THE head of price comparison website Moneysupermarket.com said the company’s business model puts it in a strong position in the face of turbulence in the money markets.
2008-04-23 01:21:54 -
RBS share offer a British record (Toronto Star)
LONDON–The Royal Bank of Scotland, planning the biggest stock sale in British corporate history, is asking shareholders for the equivalent of $23.9 billion (U.S.) to shore up finances after revealing extensive new losses on bad American mortgages.
2008-04-23 01:46:30 -
Family shopping bills leap £800 a year as cost of food basics soar (Evening Standard)
Families are having to fork out almost £800 more on their annual grocery bills as the highest rate of food inflation for a generation forces up supermarket prices, it was revealed.
2008-04-23 01:53:04 -
B of A to tighten mortgage loan standards (Daily Breeze)
The move will come after a $4 billion deal to acquire Countrywide.
2008-04-22 10:09:22 -
This bank responds to interest (Cape Cod Times)
SOUTH DENNIS — By popular demand, Cape Cod Five has come to town.
2008-04-22 11:02:35 -
Realtor: It's a crucial time for buyers, sellers (The Frederick News-Post)
The next 100 days could be a crucial time for home sellers and buyers, according to a local Realtor. Stephen "Buzz" Mackintosh said Tuesday that pricing will the key to home sales.
2008-04-22 11:10:15