Mortgage and Financial News From 2008-8-19 Page 10
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Tips on how better to exploit the working poor - Salon
Payday loan testimonials from the new Web site of the Predatory Lending Association, which launched on Tuesday. "I was able to turn my heat on for 2 weeks with my payday loan." -- Jake G. Parsons, Duluth, Minnesota "I would have been homeless two ...
2008-08-15 05:32:00 -
Real Estate - Daily Business Review
In March, the number of properties entering the foreclosure process in Broward County was down from February 10 percent, 6 percent in Miami-Dade and 3 percent in Palm Beach County, according to Default Research, a Boca Raton-based company that tracks ...
2008-08-16 07:47:00 -
Can the government really take my house? - MSNBC
The recent Supreme Court ruling that upheld the right of a city government to take away people's homes and give them to a private developer has given a bad case of the jitters to a number of Answer Desk readers, including Kevin, a recent home buyer ...
2008-08-16 02:39:00 -
Paradigm shift for dollar - Khaleej Times
THE last two weeks have been nirvana for a dollar bull in the foreign exchange markets, a historic inflection point as epic as the Plaza Accords of 1985, sterling's Black Wednesday in 1992 and the post 9/11 Bush Greenspan debasement of the dollar ...
2008-08-17 12:54:00 -
HOUSE OF CARDS When Joe LaCoste’s real estate empire collapsed, a ... - Register-Guard
Joe LaCoste’s Willamette Development Services took money from investors for 11 subdivisions in the Willamette Valley but hasn’t returned the principle or interest, according to two civil lawsuits filed in Albany and Portland. At Lenore Estates in ...
2008-08-17 08:07:00 -
IMF study says Asian countries might need their huge currency reserves (International Herald Tribune)
In a challenge to conventional wisdom, two IMF researchers say the huge war chests in most Asian countries are not too big in light of the potential for international capital flows to come to a screeching halt.
2008-08-18 04:53:56 -
Lehman May Put a Prized Unit on the Block (New York Times)
Lehman Brothers is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by real-estate related losses.
2008-08-19 05:52:10 -
Dubai issues first mortgage law to regulate sector (Khaleej Times)
DUBAI – His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has issued a new mortgage law as part of moves to regulate Dubai's booming real estate sector, the chief executive of the Real Estate Regulatory Authority said.
2008-08-19 09:45:01 -
Lehman faces loss, $4 billion writeoff: report - Reuters
(Reuters) - Lehman Brothers Holdings Inc (LEH.N: Quote , Profile , Research , Stock Buzz ) may post a third-quarter loss and suffer about $4 billion in write downs, according to an analyst at J.P. Morgan Securities, who also said a sale of the ...
2008-08-19 06:03:00 -
Lehman May Report $4 Billion Writedown, JPMorgan Says (Update3) - Bloomberg
Aug. 19 (Bloomberg) -- Lehman Brothers Holdings Inc. may write down about $4 billion in credit-related investments and other assets when it reports fiscal third-quarter earnings, JPMorgan Chase & Co. analysts said. ``The credit environment continues ...
2008-08-19 07:15:00 -
A&L sells 400 mln stg mortgage-backed bond - International Herald Tribune
LONDON : Britain's Alliance & Leicester raised 400 million pounds from bonds backed by prime residential mortgages this week, only the second such deal in the moribund market in more than a year. Investor demand drove the residential mortgage-backed ...
2008-08-19 06:46:00 -
Datamonitor claims mortgage market to shrink by a fifth - Times Online
Hopes for a mortgage market recovery were dealt a blow today, after a leading data analyst said that lending is set to shrink by a fifth. Datamonitor claimed that UK lending will fall by 20 per cent by the end of this year and that the full impact of ...
2008-08-19 08:12:00 -
Fannie's Perilous Pursuit of Subprime Loans - Washington Post
Fannie Mae chief Daniel H. Mudd says few predicted a downturn. (By Carol T. Powers -- Bloomberg News) In January 2007, as years of loose mortgage lending were about to send the nation's housing market into devastating decline, Fannie Mae chief ...
2008-08-19 07:15:00 -
NEW: The latest foreclosures in Madison County (The Telegraph)
These are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the plaintiff, defendant, property address and date of court filing.
2008-08-19 08:16:49 -
Eight Amazing Offset Mortgage Deals (The Motley Fool)
Mortgage borrowers who have savings are in luck!
2008-08-19 08:17:23