Mortgage and Financial News From 2008-4-24 Page 01
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Clarkston Financial Corporation Reports First Quarter Results - Forbes
CLARKSTON, Mich., April 24 /PRNewswire-FirstCall/ -- Clarkston Financial Corporation (OTC Bulletin Board: CKSB), the holding company for Clarkston State Bank and Huron Valley State Bank, today reported sharply improved earnings for the first quarter ...
2008-04-24 11:35:00 -
Oregon investigating auction-rate securities - Portland Business Journal
BofA likely to join stampede of banks raising capital as earnings slump 77 percent [Wichita] Exxon Mobil ranks No. 2 on Fortune 500 list [Dallas] Metro runs into liquidity squeeze, high interest rates [St. Louis] Oakland sues big finance firms ...
2008-04-24 05:19:00 -
Engineers Week 2008 - Sun-Journal
It is a generally accepted fact that the earth's average surface temperature is rising. The effects have been particularly noticeable in the past 10 years when we have seen many of the warmest years in the history of temperature measurement. The ...
2008-04-24 11:50:00 -
European government bonds track US Treasuries lower - FXStreet.com
LONDON (Thomson Financial) - European government bonds turned lower in afternoon trade, depressed by falls on US Treasuries. Some stronger than expected US data were to blame for the late change in prices. While US durable goods orders slid downward ...
2008-04-24 08:58:00 -
Interest rates impact FHLBank's earnings - Business Courier
FHLB '07 earnings rise despite late slip [Columbus] Region's home loan bank posts earnings growth [Louisville] Cincinnati FHL Bank posts earnings growth [Cincinnati] Reductions in short-term interest rates contributed to lower profits for the Federal ...
2008-04-24 10:38:00 -
More see quarter-point cut at Fed's next meeting - Marketwatch
SAN FRANCISCO (MarketWatch) -- Futures traders and a growing number of economists are now expecting just a quarter-point cut to interest rates when Federal Reserve policymakers meet next week, with forecasters saying improved sentiment in the ...
2008-04-23 01:31:00 -
First Industrial widens 2008 guidance on challenging economy - CNN Money
NEW YORK (Associated Press) - Real estate investment trust First Industrial Realty Trust Inc. on Thursday widened the lower end of its 2008 guidance to account for challenging economic conditions. The industrial REIT adjusted its 2008 guidance to ...
2008-04-24 08:58:00 -
Persimmon adds to housing slowdown fears - Financial Times
Persimmon added to fears of the slowdown in the housing market on Thursday after saying cancellation rates and the sales decline had accelerated in the last three weeks. In an update ahead of its annual shareholder meeting, Britain’s biggest ...
2008-04-24 07:53:00 -
U.S. mortgage rates rise on inflation fears - Marketwatch
CHICAGO (MarketWatch) -- Mortgage rates rose this week after economic data raised inflationary concerns in the capital markets, Freddie Mac's chief economist said Thursday. "For example, the Producer Price Index -- a measure of wholesale inflation ...
2008-04-24 10:59:00 -
CURRENCIES: Dollar Extends Gains After Comments From ECB Officials - FXStreet.com
SAN FRANCISCO (Dow Jones) -- The dollar extended gains on its major counterparts Thursday, after less hawkish comments from European Central Bank officials dragged down the euro, and a spate of mixed U.S. economic data contained a few kernels of good ...
2008-04-24 08:25:00 -
U.K. Mortgage Approvals Fell to 11-Year Low in March (Update2) - Bloomberg
April 23 (Bloomberg) -- U.K. mortgage approvals fell to the lowest in more than a decade in March as a credit squeeze prompted banks to curtail lending, the British Bankers' Association said. Banks granted 35,417 loans for house purchase, the fewest ...
2008-04-23 04:05:00 -
Should I go for a tracker or fixed-rate mortgage? - Guardian Unlimited
Q Given the current turmoil in the banking sector I am confused about what to do when I have to renegotiate my current fixed-rate mortgage at the end of this month. The quotes from my lender are based on the Bank of England base rate before the ...
2008-04-23 06:36:00 -
Borrowers rates 'unlikely to fall' - Guardian Unlimited
Mortgage lenders have warned the Government that rates for new borrowers are unlikely to come down despite Monday's intervention by the Bank of England. Some of the UK's biggest mortgage lenders, who met the Chancellor on Tuesday, are understood to ...
2008-04-22 03:41:00 -
Mortgage pain pinches more home owners - Canberra Times
The traditional definition of mortgage stress, where someone spends a third of their income on home loan repayments, is being challenged. A debt researcher says the current understanding of mortgage stress is outdated and that up to one million ...
2008-04-24 04:43:00 -
No Spring Thaw For Mortgage Market - Forbes
Americans aren't rushing to get mortgages these days, and why should they? With rising mortgage rates and tumbling home prices, the U.S. home market just isn't what it used to be. The Mortgage Bankers Association reported Wednesday that applications ...
2008-04-23 05:13:00