Mortgage and Financial News From 2008-4-24 Page 4
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In the housing market, it's the worst of times - and the best of times (USA Today)
Home sellers, brace for some grim news. The spring home-buying season now underway is widely expected to be the worst since the 1980s. Yet, what's bad for sellers is good for buyers at least those blessed with excellent credit and enough money for a sizable down payment. They can enjoy lots of homes to choose among, time to browse, and typically, the advantage in negotiations.
2008-04-24 05:23:10 -
Downturn Puts Soldiers' Homes, Careers at Risk (NPR)
Military families face unique mortgage challenges because they move frequently. Many are forced to sell homes in sluggish real estate markets. And if their property should fall into foreclosure, it could potentially affect their military careers.
2008-04-24 05:35:29 -
Downturn Puts Soldiers' Homes, Careers at Risk (NPR)
All Things Considered , April 24, 2008 · Steve Kolthoff has been a sailor in the Navy for 18 years. He has been deployed overseas six times and served in two wars.
2008-04-24 05:35:39 -
Market hasn't hit bottom (Carroll County Online)
Three months into 2008, the bad news about the residential real estate market keeps rolling in, but most analysts agree the bottom so many predicted last year remains elusive at best, and years away at worst.
2008-04-24 06:39:14 -
Debt Collection Done From India Appeals to U.S. Agencies (NYTimes.com via Yahoo! Finance)
Debt collectors in India often cost about one-quarter the price of their American counterparts, and often do a better job, debt collection company executives say.
2008-04-24 06:40:33 -
Write-Downs Give Credit Suisse $2.1 Billion Loss (NYTimes.com via Yahoo! Finance)
The first-quarter loss was nearly three times worse than analysts had expected as the Swiss banking giant wrote down $5.3 billion in soured investments.
2008-04-24 06:40:35 -
Monarc Corporation (MONA.PK) Acquired in a Reverse Merger with a Mortgage Investment Company (PR Newswire via Yahoo! Finance)
Monarc Corporation announces that it has been acquired by a mortgage financial and real estate company Brookcor Holdings Inc.
2008-04-24 02:00:00 -
Georgia Nicols horoscopes for April 24 (Chicago Sun-Times)
ALL SIGNS MOON ALERT: We have the all-clear today to shop (whether you spend $10 or $10 million) and make important decisions until 4:30 p.m. today. The moon is in Sagittarius.
2008-04-24 02:10:36 -
Bank of England's credit-crunch plan falls short (International Herald Tribune)
The plan reduces the chances of a blowup in interbank lending, but it will not end what amounts to a credit famine in Britain.
2008-04-24 05:56:12 -
Merrill Lynch (IWon - Money)
(MER 48.55, +3.64) is not going to cut its dividend. Buying interest is broad-based within the sector, with notable advances in thrifts & mortgages (5.6%), multi-line insurance (+5.6%) and investment banks & brokerages (+5.4%).
2008-04-24 11:20:55 -
Talks held over shared owners’ mounting woes (InsideHousing)
Housing associations are to hold talks with lenders to discuss how to help shared ownership residents at risk of repossession due to the credit crunch.
2008-04-24 04:13:11 -
Reverse mortgage company fined by AG: The Real Deal (WSYR 9 Syracuse)
An East Syracuse company is in trouble with the state attorney general tonight for sending out hundreds of thousands of misleading advertisements.
2008-04-24 04:39:09 -
Southwest Georgia Financial Corporation Announces Financial Results ... - MSN MoneyCentral
Southwest Georgia Financial Corporation SGB , a full-service community bank holding company, today reported net income of $739 thousand, or $0.29 earnings per diluted share, for the first quarter of 2008 compared with net income of $1.012 million, or ...
2008-04-24 02:06:00 -
U.S. Stocks Gain as Financials Rally; Merrill, Retailers Rise - Bloomberg
April 24 (Bloomberg) -- U.S. stocks gained for a second day on renewed speculation the worst is over for financial and consumer shares after Merrill Lynch & Co. assuaged concern about its finances, the dollar rallied and oil prices fell. Merrill, the ...
2008-04-24 03:17:00 -
Provident CEO plays down 1Q loss - Baltimore Sun
Hours after reporting a $17.6 million first-quarter loss yesterday, Provident Bankshares Corp. 's chief executive was upbeat. In fact, Gary N. Geisel said he was looking forward to an afternoon conference call with industry analysts, who can be ...
2008-04-24 04:29:00