Mortgage and Financial News From 2008-3-3 Page 2

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  • Misconceptions can arise as banks push annuities over CDs (Market Watch)

    That same insurance-licensed person who sold you your bank CD soon may try to sell you a higher-yielding tax-deferred fixed annuity.
    2008-03-03 04:41:40

  • Reserve Bank of Australia signals rate hikes coming to an end

    FXStreet.com - The Reserve Bank of Australia (RBA) hiked interest rates by 25bps to 7.25%, as ... Solid demand and rising imports widens Australia's current account deficit: : (AU ... that Commonwealth Bank may have exposure to one of City Pacific's troubled mortgage ...
    2008-03-03 08:27:00

  • Reforming The Mortgage Industry

    Hartford Courant - Under current law, if a mortgage broker or lender commits fraud and the loan is subsequently sold to an investor group — as is common ... subprime lending is not the right answer, experts agree, because even though it comes with higher borrowing rates ...
    2008-03-03 01:57:00

  • Fitch Rates Rhode Island's $47MM GOs 'AA'

    PR Inside - ... weak tax revenue collections and the announcement of lowered revenue forecasts for the current and ... Rhode Island is experiencing one of the highest rates of growth of the states in overall mortgage delinquencies, fueled by subprime delinquencies.
    2008-03-03 04:38:00

  • Housing stress an inconvenient truth

    Australian Broadcasting Corp. - Housing stress, whether it's mortgage stress or rental stress, is real and is growing ... On the contrary, tax incentives are partly to blame for the current problems. ... Another distortion is the high immigration rates that have been in force for the ...
    2008-03-03 06:11:00

  • Victorian Premier John Brumby details fast-track land release

    News.com.au - ... attain childcare, harder to afford a home, harder to pay the rent or meet mortgage ... comes on the day the Reserve Bank is tipped to raise official interest rates again ... Melbourne current population is 3.8 million – a figure expected to grow to 4.5 ...
    2008-03-03 06:03:00

  • RBA hikes rates to 7.25pc

    Australian Broadcasting Corp. - He says the bank is continuing to watch inflation closely, with news today also that the current account deficit has ... 3.5 more years of fixed mortgage rates and my super in straight cash. Life is good.
    2008-03-03 06:11:00

  • RBA increases rates to 7.25pc

    The Australian - ... by central bank governor Glenn Stevens and the 25 basis point increase will take mortgage rates to ... The increase today will add about $50 a month to the average mortgage. It is the 12th consecutive rate increase since the current tightening cycle began ...
    2008-03-03 07:22:00

  • Rudd warns banks on rates

    News.com.au - ... what he could do if the banks decided to raise their home loan interest rates by ... We received $7000 first home owners grant, which went back to the bank in Mortgage ... what has happened the the millions already paid by the industry via their current ...
    2008-03-03 06:11:00

  • ABC Learning extends trading suspension

    News.com.au - ABC Learning had initially expected to lift the current three-day suspension on ... Internet: Telstra to review broadband plans Interest rates: Rudd warns banks on ... your pain 2. Rates rise to 12-year high 3. Rudd warns banks on rate rises 4. Mortgage ...
    2008-03-03 09:38:00

  • Some Borrowers Rescued

    Wall Street Journal - ... working diligently" to implement a temporary rate freeze for certain borrowers with subprime loans who were current on their mortgage ... Bartlett said, because falling interest rates mean that fewer borrowers would see larger payment increases when ...
    2008-03-03 06:46:00

  • RBA lifts rates by .25 percent and it will hurt, says Rudd

    News.com.au - Mr Rudd, who has repeatedly blamed the former Howard government for the current inflation crisis, sidestepped questions ... Mr Rudd yesterday warned banks not to lift mortgage rates by more than the official rise.
    2008-03-03 09:24:00

  • Interest rate blow to families (Herald Sun)

    THE RESERVE bank has lifted official interest rates by 0.25% to 7.25%, adding $51 per month to a $300,000 mortgage, in a blow to struggling households.
    2008-03-03 08:43:00

  • Opposing view: Maintain contract integrity (USATODAY.com via Yahoo! News)

    The right solution to the foreclosure crisis must keep families in their homes, restore their financial security and preserve mortgage credit for the majority of American homeowners who are not delinquent on their mortgages.
    2008-03-03 09:21:00

  • Our view on the housing crisis: Give strapped homeowners a break in bankruptcy court (USATODAY.com via Yahoo! News)

    With the nation's housing crisis getting worse and some 2 million American homeowners facing the loss of their homes, Congress and the Bush administration are scrambling for ways to slow the tide of foreclosures. Some proposals involve spending billions of taxpayer dollars to buy foreclosed homes or otherwise help hard-pressed homeowners.
    2008-03-03 09:22:00

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