Mortgage and Financial News From 2008-7-2 Page 9
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Corporate gloom hits pound - Financial Times
A barrage of gloomy corporate news hit the pound on Wednesday, sending the currency lower across the board. Shares in UK housebuilder Taylor Wimpey halved after the company said it was abandoning a planned fundraising and could breach its banking ...
2008-07-02 03:47:00 -
Get out now, mortgage battlers told - News.com.au
HOMEOWNERS already struggling with mortgage repayments need to cut their losses and sell up before it is too late, an industry insider has warned. Those homeowners feeling the pinch from rising interest rates and living costs need to put their house ...
2008-07-01 10:43:00 -
Building industry grinds to a halt - Guardian Unlimited
British construction activity fell at its fastest rate in at least 11 years in June as housebuilders cut their operations at a record pace, a survey out today showed. The Chartered Institute of Purchasing and Supply's construction PMI index fell for ...
2008-07-02 03:25:00 -
Housing equity withdrawal slumps by 64% - Times Online
The amount of money homeowners are borrowing on their houses has slumped by 64 per cent in the first quarter to a seven-year low as banks continue to withdraw cheap mortgage deals. Housing equity withdrawal, where a homeowner increases the size of ...
2008-07-02 06:24:00 -
Commercial property sales lowest in 15 years - News.com.au
THE value of commercial property sales worth more than $5 million each has fallen to its lowest level in 15 years, research by CB Richard Ellis (CBRE) has revealed Total sales for properties worth more than $5 million were down 60 per cent to $3 ...
2008-07-01 09:56:00 -
Pound seen under $2 as economy slows and Bank cuts (Reuters via Yahoo! UK & Ireland News)
The pound will weaken against the dollar over the coming year, staying below $2, as it suffers from a slowing economy and expectations for a further cut in interest rates, a Reuters poll showed.
2008-07-02 05:39:00 -
Equity release hits seven year low (Channel 4)
Homeowners unlocked the lowest amount of money from their properties for nearly seven years in the first three months of 2008 amid soaring mortgage rates and falling house prices, figures show.
2008-07-02 05:56:56 -
Subprime Today: Paulson calls for regulatory reform (Market Watch)
Fresh highlights of MarketWatch's coverage of the subprime crisis.
2008-07-02 06:16:07 -
GLOBAL MARKETS - Banks, drugs lift Europe stocks, euro stronger (Reuters via Yahoo! India News)
By Jeremy Gaunt, European Investment Correspondent
2008-07-02 06:22:38 -
Foreclosures take their toll on finances and families (The Sarasota Herald-Tribune)
Everyone realizes the cost of foreclosure can be staggering. A recent report by the Joint Economic Committee of Congress pegs the average at nearly $78,000 per house. But there's also a human component to losing your home that can't be counted in dollars and cents.
2008-07-02 06:44:01 -
U.S. jobs picture grim, housing struggles (Reuters via Yahoo! News)
U.S. private employers slashed 79,000 jobs in June while planned layoffs at U.S. firms rose nearly 50 percent above year-ago levels, according to data that may spell bad news for a government payrolls report this week.
2008-07-02 08:21:55 -
Census: Adams tops in Pa. for new businesses (The Evening Sun)
Census statistics released by a state agency this week paint a picture of thriving business and development in Adams County between 2005 and 2006.
2008-07-02 07:59:09 -
Joel Schwartzberg: A Car Buyer's Tale: Shticker Shock (HuffingtonPost)
Not long ago, I thought I was buying a new car. I knew my preferred colors (what the heck is "Cypress Pearl?"); I knew my...
2008-07-02 08:08:43 -
Commentary: The Danger in Double Dips (EETimes)
The summer has brought the likelihood of a double-dip recession, which could mean slow or nonexistent growth for two years or more.
2008-07-02 08:24:41 -
Protect Against Mortgage Rate Rises (The Motley Fool)
A new insurance product has just been launched that gives homeowners the chance to protect themselves against rises in their mortgage payments. We run the numbers.
2008-07-02 08:31:51