Mortgage and Financial News From 2008-7-4 Page 9
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California neglected to save for a fiery day (San Francisco Chronicle)
California spent a record $392 million fighting fires across the state in the fiscal year that ended Monday, burning another hole in the state's already strained finances and forcing officials to dip into shrinking cash reserves to pay firefighting bills....
2008-07-04 07:58:45 -
Inflation rises to 11.63 pc, interest rates may go up further (Chennai Online)
New Delhi, July 4: Inflation has moved up to a new 13-year high of 11.63 per cent which may force RBI to further tighten money supply, besides prompting trade unions to press for higher interest rate on employees' provident fund at the EPFO meeting tomorrow.
2008-07-04 07:58:56 -
World must brace for oil beyond $150 (Reuters via Yahoo! News)
Oil's meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is prices are likely to rise higher still.
2008-07-04 08:18:42 -
Outlook Darker as Jobs Are Lost (NYTimes.com via Yahoo! Finance)
The unemployment rate held steady as 62,000 jobs disappeared in June, the Labor Department reported.
2008-07-04 08:36:00 -
Oilexco to Increase Debt Capacity to US$ 1 Billion (CCNMatthews via Yahoo! Finance)
CALGARY, ALBERTA-- - Oilexco Incorporated announces that its wholly owned subsidiary, Oilexco North Sea Limited, has signed an engagement letter with the Royal Bank of Scotland plc with respect to refinancing the Company's current debt obligations that will increase Oilexco's total debt availability to US$1 billion.
2008-07-04 08:39:28 -
Hotline sees sharp rise in white-collar crime (Independent Online)
White-collar crimes have increased dramatically over the last year as South Africans resort to desperate measures to get through the current economic hard times...
2008-07-04 08:48:39 -
Mortgage squeeze tightens still further - This is Money
Home buyers will find it even harder to get a mortgage in the coming months as lenders grow increasingly nervous, the Bank of England warned. The number of new home loans has already plunged to its lowest level since records began. But the Bank said ...
2008-07-04 12:38:00 -
European Stocks Fall, Led by Banks, B&B; British Airways Drops - Bloomberg
July 4 (Bloomberg) -- European stocks fell, heading for a fifth weekly decline, on concern banks will post more writedowns and near-record oil prices will curb earnings at airlines. Most Asian stocks dropped. Banco Santander SA led financial firms ...
2008-07-04 06:00:00 -
Bradford & Bingley Debt Risk Soars to Record After Ratings Cut - Bloomberg
July 4 (Bloomberg) -- The cost of protecting Bradford & Bingley Plc bonds from default rose to a record after private equity firm TPG Inc. abandoned a rescue funding plan because the biggest U.K. mortgage lender had its debt ratings cut. Credit ...
2008-07-04 04:27:00 -
Nationwide bucks gloom with mortgage rate cuts - Times Online
Nationwide Building Society today injected some much-needed cheer into the gloomy mortgage market after cutting a number of its home loan deals by more than a quarter of a percentage point. The lender today announced that its two-year tracker rates ...
2008-07-04 06:00:00 -
Two lenders trim mortgage costs - BBC News
The Nationwide's fixed rate deals for house buyers will come down by up to 0.07% on 9 July. Tracker rates will drop by up to 0.27% for those with bigger deposits. This will come three weeks after it raised mortgage rates by up to 0.5%. The Abbey ...
2008-07-04 06:51:00 -
St George lifts rates in spite of RBA (The West Australian)
St George Bank Ltd has sparked fears of another round of interest rate rises by the major banks after raising its standard mortgage rate, even though the central bank left its rates unchanged this week.
2008-07-04 01:55:46 -
Upside down on home? Take a deep breath (Bankrate.com via Yahoo! Finance)
Don't let the fear of being upside down on a loan force you into foolish decisions, says Dr. Don Taylor.
2008-07-04 03:00:00 -
Home Equity Basics (Carteret County News-Times)
(ARA) - Purchasing a home is a huge event in anyone's life. It's an investment that, over time, will yield you a significant profit. As the years progress, the value of your home will increase.
2008-07-04 03:20:20 -
How to Save Your Home from Foreclosure (Carteret County News-Times)
(ARA) - Are you two months or more past due on your mortgage payments and sweating it out? If so you're not alone.
2008-07-04 03:20:40