Mortgage and Financial News From 2008-5-30 Page 4
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David Leonhardt buys a home - Boston Globe
David Leonhardt of the New York Times, among the most prominent apostles for renting, wrote a piece this week explaining why he just bought a home in Washington, D.C. The crux is that falling home prices and rising rents have made ownership ...
2008-05-30 12:33:00 -
WaMu drops to nearly $9 a share - Seattle Post Intelligencer
Washington Mutual Inc. stock narrowly avoided closing below $9 a share in trading Friday, but the company's shares are still down sharply not from last year's prices but from a mini rally they staged earlier this year. WaMu stock closed at $9.02 a ...
2008-05-30 05:33:00 -
Steven Thalheimer - Washington Post
Resize Text First, use it to pay off your highest-interest credit card debt, including high-interest car loans. Next, make sure you have an adequate emergency fund saved (an amount equal to three to six months after-tax, living expenses) in a liquid ...
2008-05-30 03:32:00 -
S&P 500 May Winners & Losers - Forbes
A three-week market rally carried over from April but ended early in May after rising energy prices and steep losses in the financial services sector soured investors' enthusiasm. Equity markets bounced back mid-May but had trouble holding onto their ...
2008-05-30 04:15:00 -
Business events for the coming month - CNBC
(AP) - Major business events and economic events scheduled for the coming month (some dates are tentative): MONDAY, June 2 WASHINGTON -- Commerce Department reports on construction spending for April; Treasury bill auction. NEW YORK -- The Institute ...
2008-05-30 02:34:00 -
Fitch Rates BAFC $260.1MM P-T Certificates Series 2008-1 - Forbes
Fitch rates Banc of America Funding Corporation (BAFC) Mortgage pass-through certificates, series 2008-1, as follows: --$228.46MM classes A-1, A-R, and non-offered class A-2 senior certificates 'AAA'
2008-05-30 01:51:00 -
Greenspan Says Inflation, Not `Bubbles,' Is Greater U.S. Threat - Bloomberg
May 30 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan says the U.S. economy, which has been buffeted by speculation in the housing and stock markets, now faces a more immediate threat from inflation than from additional speculative ...
2008-05-30 01:51:00 -
Stark says current 'very high' inflation rates 'not palatable' to ECB ... - Forbes
LUXEMBOURG (Thomson Financial) - European Central Bank Executive Board member Juergen Stark said the current high inflation rates in the euro zone are 'not palatable' to the ECB. 'Presently we are confronting a problem of very high inflation rates ...
2008-05-30 08:58:00 -
Carver Bancorp, Inc. Announces Fiscal 2008 and Fourth Quarter Results - MSN MoneyCentral
Reports Fiscal Year 2008 Net Income of $4.0 Million or $1.55 Per Share Fourth Quarter Net Income of $0.5 Million or $0.20 Per Share Board Declares Dividend of $0.10 Per Share NEW YORK, May 30, 2008 (PRIME NEWSWIRE) -- Carver Bancorp, Inc. (the ...
2008-05-30 01:30:00 -
Realty leader expects further price decline - Minneapolis Star Tribune
You should only buy a home as an investment when you are young and plan on staying in it for 20 years. Many people in their 50's buying … read more houses they couldn't afford as an investment, (for retirement) which they did not save for. Now with ...
2008-05-30 02:20:00 -
Attention Home Buyers: Lock in Your Rate - Wall Street Journal
If you are thinking about buying a home, it's time to look into locking in your rate. Now. Rates have suddenly spiked in the past 10 days and there is a serious danger that this could get a lot worse. The average interest rate on a typical 30-year ...
2008-05-30 03:03:00 -
Loan workouts hit record in April - MSNBC
The Hope Now hotline is staffed 24 hours a day, 7 days a week for homeowners who are having trouble keeping up with mortgage payments. The free service helps borrowers contact lenders to try to work out a payment plan or modify their loan. While ...
2008-05-30 10:53:00 -
Checklist on closing out a mortgage - Providence Journal
Many people look forward to the day they own their homes free and clear. But gathering the money to pay off the mortgage is only part of the process. It’s also important to make sure all the paperwork is in order. Here are five common questions to ...
2008-05-30 03:25:00 -
ECB, turning 10, faces biggest challenges yet - Forbes
The European Central Bank celebrates its 10th birthday Monday with its reputation burnished by a steadfast stance on interest rates and quick action to supply banks with cash during the credit crisis over mortgage-backed securities. But the ECB now ...
2008-05-30 01:51:00 -
Mortgage payments to hit the highest in more than a decade - Daily Telegraph
Mortgage payments will rise to their highest in more than a decade as a gloomy economic outlook squeezes the financial system even more tightly. Homeowners seeking new mortgage deals have been warned that borrowing costs will jump yet again in the ...
2008-05-30 02:06:00