Mortgage and Financial News From 2008-5-31 Page 4
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The Home Front (San Antonio Express-News & KENS 5)
The San Antonio area apartment market will benefit from healthy demographic and economic conditions, according to a first quarter report and annual forecast by Marcus & Millichap, a national multifamily real estate firm.
2008-05-30 03:12:17 -
Federal Home Loan Bank of San Francisco Releases April 2008 Cost of Funds Index (wallstreet:online AG)
The Federal Home Loan Bank of San Francisco announced May 30, 2008, that the 11th District Monthly
2008-05-30 03:34:04 -
What You Need to Know to Get a Mortgage (New York Times)
Borrowers face many challenges, like proving they have high credit scores, low debt and plenty of cash on hand.
2008-05-30 09:55:21 -
Gregory Karp: Even now, buying home a smart move (Chicago Tribune)
SPENDING SMART BY GREGORY KARP Purchasing a home is generally considered a good way to spend money, but is a declining real estate market the right time to buy? How about housing markets where long-term prices have risen slower than average? What if prices already had a big run-up and haven't fallen much?
2008-05-31 09:23:14 -
Banks' ties to legislators run deep in foreclosure crisis - Atlanta Journal Constitution
A crisis awaited Georgia legislators last January. Mortgage foreclosure notices in metro Atlanta had increased by nearly a third in a year, and the state ranked third nationally in seriously delinquent home loans. In other states, lawmakers were ...
2008-05-31 10:58:00 -
It’s Not So Easy Being Less Rich - New York Times
NANCY CHEMTOB, a divorce lawyer in Manhattan, has found that her days have become crammed seeing clients, all worried about how an economic downturn will affect their marriages. CUTTING CORNERS Sometimes, sacrifices have to be made. They seem to have ...
2008-05-31 02:40:00 -
Banks' ability to lend restricted: credit to deposit ratio reaches 108.4 percent (Business Recorder)
KARACHI (June 01 2008): Anticipating pressures on the Pak-Rupee, depositors are preferring foreign currency deposits to local currency deposits. According to the State Bank of Pakistan, the currency-wise composition shows a rising contribution of foreign currency deposits in overall deposit growth.
2008-05-31 03:37:10 -
How the Masters of the Universe are murdering the middle class by gambling on black gold (Daily Mail)
As ordinary families face financial ruin, a new book argues that it's the greedy, deluded money men of the City and Wall Street who are the real villains.
2008-05-31 04:02:23 -
Week in review (Milwaukee Journal Sentinel)
DEVELOPMENT Bradley Center will do for now, NBA chief says The Bradley Center will...
2008-05-31 04:04:20 -
Doors open for new buyers. But will they like what's inside? (Independent)
With so much turmoil in the mortgage market, finding a good deal has become increasingly hard for borrowers – and especially tough for those who can raise only a small deposit.
2008-05-31 04:18:31 -
Loans for new purchases slump by 40 per cent (Independent)
Further evidence has emerged of the torpor in the mortgage market. The British Bankers' Association (BBA) has reported that the number of new loans taken out to purchase a property in April was down 39.4 per cent on the same month a year ago.
2008-05-31 04:19:12 -
Texas banks feeling economic strain, but holding up (Austin American-Statesman)
The deteriorating U.S. economy has prompted some dire predictions about the banking industry, but Danny Clayton, a veteran banking entrepreneur in Central Texas, isn't one of the Cassandras.
2008-05-31 04:19:34 -
Housing crisis hits its core (The Press-Enterprise)
LOAN BUST: One of the first to repackage mortgages as bonds, fails to save his own firm.
2008-05-31 04:23:17 -
Second loans are traps for unwary (The Scotsman: Business)
Credit secured against a home on top of a mortgage carries major risks, writes Nic Cicutti.
2008-05-31 04:35:46 -
First Comes the Swap. Then It’s the Knives. (NYTimes.com via Yahoo! Finance)
The legal battle between UBS and Paramax Capital, a group of hedge funds, is giving investors a gander at how the freewheeling credit default swaps market works.
2008-05-31 04:36:45