Mortgage and Financial News From 2008-5-5 Page 01
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Bernanke urges Congress to help stem foreclosures - International Herald Tribune
Ben Bernanke, the chairman of the Federal Reserve, urged Congress on Monday to allow U.S. government agencies more leeway in overseeing the ailing mortgage industry, emphasizing that the causes of the current foreclosure crisis were more difficult to ...
2008-05-05 06:24:00 -
United play for the double on back of £58m losses last year - Guardian Unlimited
Malcolm Glazer's takeover has led to Manchester United's financial fortunes taking a nosedive PJasienski/Getty With Manchester United powering to a probable second successive Premier League title and ready for a Champions League final, it appears ...
2008-05-05 07:15:00 -
O'Malley backs U.S. aid for foreclosures - Baltimore Sun
Gov. Martin O'Malley appeared on Capitol Hill yesterday to urge passage of legislation that would direct federal dollars to augment state efforts to deal with a growing foreclosure crisis. Congress and the Bush administration have put forward a ...
2008-05-05 11:11:00 -
Stock & fund quotes - ninemsn
The decision by the Reserve Bank today to keep official interest rates on hold will bring little comfort to homeowners. Mortgage rates will keep rising — no matter what the RBA does. Part of the reason is that higher inflation because of record oil ...
2008-05-05 09:59:00 -
RBA keeps rates steady at 7.25pc - News.com.au
A slowing economy, lower business confidence and independent rate hikes by banks have led the Reserve Bank to keep its cash rate steady at 7.25 per cent. Although the RBA has left rates unchanged for the second month in a row, mortgage holders will ...
2008-05-05 09:02:00 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
Yahoo CEO open to more Microsoft talks
2008-05-05 10:21:23 -
Realty mutual funds only long-term play (rediff.com)
However, financial experts are of the view that though REMFs are good for those who want to participate in the property boom, investors should not look at them as equity funds.
2008-05-05 10:21:29 -
Dollar Declines as Bernanke Signals Growth to Slow on Housing (Bloomberg.com)
May 6 (Bloomberg) -- The dollar fell for a second day against the euro after Federal Reserve Chairman Ben S. Bernanke said mortgage delinquencies will weigh on the economy, adding to speculation policy makers will avoid raising interest rates.
2008-05-05 10:21:31 -
Blue-collar, middle-class voters embrace the privileged Clinton (Pioneer Press)
All over North Carolina and Indiana, teachers and truckers, salespeople and small-business owners, have been hailing Sen. Hillary Rodham Clinton as one of their own.
2008-05-05 10:21:43 -
Collin County housing market begins a slow, steady climb (McKinney Messenger)
Collin County’s housing market may not be where it was in 2007, but it’s slowly starting to climb back up in 2008.
2008-05-05 10:32:35 -
Canadian Dollar Climbs To Multi-day Highs Against Greenback And Euro (Nasdaq)
(RTTNews) - The Canadian dollar gained ground against its major counterparts in early deals on Tuesday. The loonie rose to multi-day highs against the currencies of US and Europe during this time.
2008-05-05 10:36:01 -
A Mild Retreat as Oil Surges to a Record (NYTimes.com via Yahoo! Finance)
Wall Street pulled back on Monday after Microsoft decided to withdraw its bid for Yahoo and oil prices rose to a record.
2008-05-05 10:37:02 -
Bernanke Urges Flexibility in Mortgage Regulation (NYTimes.com via Yahoo! Finance)
The Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.
2008-05-05 10:37:03 -
Doubts Raised on Big Backers of Mortgages (NYTimes.com via Yahoo! Finance)
With foreclosures rising, policy makers are asking whether Fannie Mae and Freddie Mac, the would-be saviors of the housing market, will soon need saving themselves.
2008-05-05 10:37:05 -
Interest rates kept on hold by Reserve Bank (Stock & Land)
Mortgage holders have been spared a third rise in official interest rates for 2008 but loan repayments aren't likely to come off their highs for months to come.
2008-05-05 10:37:33