Mortgage and Financial News From 2008-4-14 Page 01
Previous Day: 2008-04-13
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Pawlenty pushes counseling, mediation to head off foreclosures (Winona Daily News)
ST. PAUL — The latest Minnesota government response to a spreading foreclosure crisis involves more counseling, mediation and a compact that would prod lenders to modify loans for people in danger of losing their homes.
2008-04-14 10:01:13 -
Asian local bonds’ sales boom despite global credit crisis (Gulf Times)
HONG KONG: At a time when US and European companies struggle to borrow money to finance operations and growth, Asian firms enjoy the ultimate luxury in a global credit crunch: access to funds.
2008-04-14 10:11:16 -
Survey: Online Banking Satisfaction Up (Las Vegas Sun)
Mon, Apr 14, 2008 (10:22 p.m.) Banks have been disappointing customers many ways lately _ tightening mortgage lending standards, paring back home-equity and credit-card lines and lowering savings interest rates _ but they're receiving higher marks for at least one thing: their Web sites.
2008-04-14 10:25:23 -
Reserve Bank's Stevens Supports Using Extra Liquidity (Update1) (Bloomberg.com)
April 15 (Bloomberg) -- Central banks should be prepared to provide financial institutions with liquidity in exchange for a ``broad range of assets'' at times of market turmoil, Reserve Bank of Australia Governor Glenn Stevens said.
2008-04-14 08:16:56 -
Taxpayer Alert: ATO has your bank application under review (Crikey)
The tax office audit project known as the “Low Doc Loan Project” has been going for nearly four years. Auditors are trying to stitch up taxpayers with big tax bills on the basis of inflated income figures provided to lenders. But who's really guilty of inflating the figures?
2008-04-14 08:18:32 -
What are you going to do with your tax rebate? (USA Today)
Rob Karas, 39, of Haymarket, Va., expects to receive a tax rebate of $2,400 this spring. It's a nice-sized amount, but don't look to the Karas family to stimulate the economy.
2008-04-14 08:28:33 -
Surprise Loss at Wachovia Stirs Profit-Season Unease (NYTimes.com via Yahoo! Finance)
The red ink at Wachovia, the country’s fourth-largest bank, signals that the pain for the financial industry is far from over.
2008-04-14 08:39:19 -
U.S. retail chains caught in a wave of bankruptcies (International Herald Tribune)
A consumer spending slump and tightening credit markets are prompting thousands of store closings that are expected to remake shopping districts across the country.
2008-04-14 08:41:19 -
Study: Discriminatory Lenders Target Minorities (CBS4 Denver)
Gov. Bill Ritter on Monday vowed to crack down on discriminatory lenders after a study showed blacks and Hispanics were placed into subprime loans at a rate more than double that of whites and Asians.
2008-04-14 08:41:21 -
William Donius steps down at Pulaski Financial after 10 years (St. Louis Post-Dispatch)
After 10 years at the helm of Pulaski Financial Corp., William A. Donius says it's time to step back and give himself a chance to work on his "bucket list" of things he wants to do in private life.
2008-04-14 08:48:26 -
UPDATE: McCain To Call For Budget Reviews, Drug Spending Cuts (Nasdaq)
LOS ANGELES (Dow Jones) -- Likely Republican presidential nominee Sen. John McCain will call for a halt in discretionary spending hikes to conduct across- the-board budget reviews throughout all federal departments, and seek higher premiums from affluent patients who apply for Medicare prescription drug benefits.
2008-04-14 08:52:37 -
CONSUMER BANKING: Black Americans Given Less Access To Credit, Report Finds (Nasdaq)
PALM BEACH GARDENS, Fla. (Dow Jones) -- Credit is not color-blind, according to a new report that finds black Americans are offered less access to credit than their white counterparts. Yet obtaining credit is a key step up the ladder of financial success, most economists agree.
2008-04-14 08:52:59 -
Fourth largest US bank posts losses, seeks USD 7-bn infusion (New Kerala)
New York, April 14 : Wachovia Corp, the fourth largest US bank, Monday reported unexpected losses due to bad California home loans and said it was seeking a $7-billion infusion from stock sales.
2008-04-14 08:53:38 -
Property market continues to soften (Scoop.co.nz)
QV's March statistics for the residential property market report a 6.5% growth in national property values over the past year (calculated over the three months ending March 2008 in comparison to the same period last year), down on the 7.7% growth reported in February.
2008-04-13 02:34:38 -
Berkeley County proposal targets developments that cluster homes (The Post and Courier)
MONCKS CORNER — Berkeley County wants to put an end to tightly packed neighborhoods that offer little or no open space for their residents. Tonight, County Council will consider a nine-month moratorium on accepting or approving any plans for subdivisions that would 'cluster' homes.
2008-04-13 10:03:57