Mortgage and Financial News From 2008-7-2 Page 2
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No relief for Asian shares (International Herald Tribune)
The Nikkei share index fell for the 11th consecutive day, on track for the longest losing streak in a half century, after the Dow Jones industrial average sank.
2008-07-02 08:01:35 -
Asia stocks sink, oil hits record above $144 (The Economic Times)
Asian stocks slumped on signs of further deterioration in the US economy, fresh record highs for oil prices and fears that stagflation will continue to damage company earnings and consumer spending.
2008-07-02 09:26:20 -
Small banks playing to strengths in Maryland real estate slowdown (Baltimore Examiner)
Bradford Bank said Tuesday it plans to reduce its mortgage lending staff to cope with a drop in real estate transactions. It's not alone, as other community banks face the loss of a chunk of their business.
2008-07-02 09:26:50 -
More Homeowners Granted Mortgage Relief - Smart Money
WASHINGTON -(Dow Jones)- HOPE NOW reported Wednesday it helped 170,000 homeowners avoid foreclosures in May, amid growing pressure to halt increasing home losses through repayment plans and loan modifications. HOPE NOW provided about 100,000 ...
2008-07-02 02:17:00 -
LandAmerica Announces Dates for Second Quarter 2008 Results and ... - Forbes
LandAmerica Financial Group, Inc. (NYSE: LFG) announces that it will release operating results for the second quarter 2008 after the market closes on Tuesday, July 29, 2008. Additionally, the company will sponsor a conference call on Wednesday, July ...
2008-07-01 01:06:00 -
Father of two hanged himself over mortgage repayments - Daily Telegraph
Duncan Wilby, 39, had kept his financial problems as secret from his wife Mandy while falling almost £1,500 in arrears. The couple, who have two young children, had been saved from bailiffs repossessing their home on two previous occasions when his ...
2008-07-01 05:43:00 -
Standard of living to fall for at least a year - Daily Telegraph
Families will see their living standards fall for at least a year because of the credit crisis and soaring oil prices, the Bank of England has said. Marks & Spencer shares tumble as retailer issues profits alert Is M&S the author of its own problems ...
2008-07-02 03:21:00 -
Wall St slides into bear market - News.com.au
THE Dow slid into a bear market yesterday, amid record oil prices, struggling consumers and the never-ending credit crisis. The Dow became the second major US index to enter a bear market, following the Nasdaq in February. The broader S&P 500 .SPX is ...
2008-07-02 06:27:00 -
Petrol 'happy hour' shows PM is lacking - News.com.au
IN the normally quiet streets of suburban McKinnon in Melbourne yesterday the power of people and petrol combined to create a force so potent that it should bring even our isolated Prime Minister into touch with the real world. The tiny McKinnon ...
2008-07-02 07:53:00 -
Pace of mortgage aid by industry dropped in May - San Diego Union-Tribune
Hope Now, a group backed by the Bush administration to help stem the mortgage crisis, said Wednesday that about 169,000 borrowers received some form of loan workout in May, down from 177,000 a month earlier. The group said it is on pace to assist ...
2008-07-02 10:13:00 -
LA, Miami foreclosures more than double: report (Reuters)
NEW YORK (Reuters) - New foreclosures almost quadrupled in Los Angeles and more than doubled in Miami in the second quarter from a year ago, with over $5 billion of mortgages turning sour in LA alone, real estate research firm PropertyShark.com said.
2008-07-02 06:59:28 -
Advertisement starts (Tiscali)
a doctorate at the University of Oxford.
2008-07-02 07:10:57 -
A Skeptical Take on the Economy (Muzi)
Who you gonna believe, me or your lyin' eyes?" "The fact is that basically things are pretty good.
2008-07-02 07:12:44 -
Japan Stocks Fall on Worsening Auto, Bank Outlook (Correct) (Bloomberg.com)
(Corrects length of losing streak in first paragraph.) July 3 (Bloomberg) -- Japanese stocks fell, pushing the Nikkei 225 Stock Average's losing streak to the longest in 54 years, after a deteriorating earnings outlook for U.S. automakers and banks raised concerns for Japan's biggest export market.
2008-07-02 07:34:51 -
Cuba to Juba: south Sudanese doctors come home (Boston Globe)
They left as children and teenagers, crossing the border between dry southern Sudan and Ethiopia before being transported half a world away to the green strangeness of Cuba's Isla de la Juventud.
2008-07-02 07:56:07