Mortgage and Financial News From 2008-5-19 Page 6
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Monday May 19, 2008 (R News)
• Local Home Sales Increase for May Existing housing sales are up for the month, but year-to-date stats show sales have declined. • 30-Year Mortgage Rate Falls to 6.01% Mortgage giant Freddie Mac reports that most mortgage interest rates have dropped over the past week • Hahn Automotive Celebrates 50th Rochester's Hahn Automotive Warehouse is celebrating its golden anniversary.
2008-05-19 12:25:46 -
Zacks Earnings Preview: BJ's Wholesale Club, Hewlett-Packard and The Home Depot (Centre Daily Times)
Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes BJ's Wholesale Club (NYSE: BJ), Hewlett-Packard (NYSE: HPQ), Lowe's (NYSE: LOW), Target (NYSE: TGT) and The Home Depot (NYSE: HD). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
2008-05-19 12:33:05 -
Double-Digit Drop in Local Home Sales (R News)
The Greater Rochester Association of Realtors announced a double-digit drop in existing single family home sales. Year-to-date sales are down 14.2 percent in Monroe County and 13.9 percent in the city of Rochester.
2008-05-19 12:40:45 -
An afternoon with the Clintons (Ashland Daily Tidings)
Bill Clinton and his daughter, Chelsea, spoke on behalf of Hillary Clinton to a crowd of more than 1,000 at Southern Oregon University on Sunday afternoon, two days before Oregon's primary.
2008-05-19 01:01:30 -
Quadrant Homes laying off employees (Seattle Post-Intelligencer)
The Puget Sound area's largest home builder is responding to the slowing market by cutting its work force.
2008-05-19 03:24:12 -
Iceland's Krona Rises Against Euro, Dollar as Loan Boosts Carry - Bloomberg
May 19 (Bloomberg) -- Iceland's krona rose for a fifth day against the euro and dollar as an emergency loan offer from three Nordic central banks raised confidence the island nation can shore up its currency. The krona climbed against all 16 major ...
2008-05-19 08:42:00 -
UPDATE 1-Metrovacesa in talks with HSBC to extend HQ loan - Reuters
MADRID, May 19 (Reuters) - Spanish property firm Metrovacesa (MVC.MC: Quote , Profile , Research ) has asked HSBC (HSBA.L: Quote , Profile , Research ) to extend an 810 million pound ($1.58 billion) loan it took out to buy the bank's headquarters ...
2008-05-19 08:35:00 -
When to Get an Adjustable-Rate Mortgage - Street.Com
Before signing up for an ARM, you need to be sure that you can weather a worst-case scenario. Almost all ARMs have a lifetime cap, which limits how high the rate can go over the life of the loan (such caps typically are set at around 12% today)
2008-05-19 08:07:00 -
Superior Bancorp opens mortgage center downtown - MSN MoneyCentral
Superior Bancorp expanded its mortgage enterprise this week by opening its new mortgage center headquarters downtown. The Birmingham-based thrift plans to host an open house between 4:30 and 6:30 p.m. Monday night at its new facility on Morris Avenue ...
2008-05-19 10:15:00 -
Fitch: CMBS delinquencies ticked up slightly - Forbes
The rate of missed payments on bonds backed by commercial mortgages ticked up slightly in April because of one unpaid loan, Fitch Ratings reported Monday. The delinquency rate on U.S. commercial mortgage-backed securities rose to 0.35 percent from 0 ...
2008-05-19 09:04:00 -
Citi move puts jobs under threat - BBC Business
Future mortgages has 26,000 customers and less than a 1% share of the UK mortgage market. CitiFinancial has 66,000 customers with personal and homeowner loans. "Future Mortgages and CitiFinancial were not identified as areas for strategic growth ...
2008-05-19 10:01:00 -
Bush reaffirms opposition to bailing out mortgage lenders (International Herald Tribune)
His comments Monday came as U.S. Senate leaders were working on a bipartisan bill to help strapped borrowers get government-backed mortgages.
2008-05-19 11:30:11 -
European watchdogs call for rating agency oversight body (The Globe and Mail)
BRUSSELS — Credit rating agencies, criticized for failing to warn investors about the risks of U.S. subprime mortgage-related products, should support a proposed global industry oversight body or face more regulation, European Union market watchdogs said on Monday.
2008-05-19 11:38:33 -
HUD's FHASecure Has Helped 200,000 Homeowners (HispanicBusiness.com)
WASHINGTON (Housing & Urban Development Department Documents and Publications/ContentWorks via COMTEX) -- U.S. Housing and Urban Development Deputy Secretary Roy A. Bernardi on Friday announced the Bush Administration's FHASecure product has helped 200,000 homeowners refinance their mortgages and avoid foreclosure.
2008-05-19 12:11:39 -
Bush Won’t Back Bailout of Lenders (NYTimes.com via Yahoo! Finance)
Acknowledging the economic “tough times” for many Americans, the president said on Monday that he remains opposed to any homeowner rescue legislation that would be a bailout for lenders.
2008-05-19 12:37:43