Mortgage and Financial News From 2008-4-13 Page 01
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Real estate transactions (Houston Chronicle)
Grand Pkwy Project Ltd. has purchased two tracts from LM Land Holdings.
2008-04-13 10:43:46 -
U.K. Conservatives Seek More Powers for BOE, Business Tax Cut (Bloomberg.com)
April 14 (Bloomberg) -- Britain's opposition Conservatives, who are leading the ruling Labour Party in the polls, will today set out an alternative economic policy that includes handing more power to the Bank of England and cutting taxes on businesses and property purchases.
2008-04-13 10:43:51 -
Rams, bird to appear at Home & Garden Show (Jefferson County Journal)
In addition to a wide variety of businesses represented at the Arnold Home and Garden Show, the event promises to offer fresh entertainment.
2008-04-13 10:44:59 -
Has the recession hit (your) home? (The Times of Northwest Indiana)
Has your life been affected by the recession? Are you spending more and getting less? Are you having trouble paying your bills? Your mortgage? Your car payment? Your children's tuition? Have you had to cut nonessentials such as seeing shows or other recreational activities?
2008-04-13 10:45:37 -
Wachovia Advances Earnings Report, Prompting Loss Speculation (Bloomberg.com)
April 14 (Bloomberg) -- Wachovia Corp., the fourth-largest U.S. bank, brought forward its earnings announcement, prompting speculation soured home loans triggered the company's first quarterly loss in more than six years.
2008-04-13 11:03:22 -
Housing slump affects local owners (Manassas Journal Messenger)
Taped to the wall of the Georgetown South Community Center were the listings of the more than 100 vacancies in the neighborhood of 860 town houses.
2008-04-13 11:07:19 -
Housing slump affects local owners (InsideNoVa.com)
For Sale signs are erect outside of two of the more than 100 homes for sale in the Georgetown South community. The community held a four-hour open house on Saturday in hopes of finding interested buyers for the empty town houses.
2008-04-13 11:07:24 -
Spanish developers use offers, rental to ease pain (Boston Globe)
Spanish builders are tempting cagey homebuyers with free cars, mortgage holidays and hard cash as they try to lift the gloom shrouding the crisis-hit housing sector. Some are also diving into the rental market.
2008-04-13 08:51:37 -
Spanish developers use offers to ease pain (Interactive Investor)
Mon 14 Apr, 2008 03:33
2008-04-13 08:51:56 -
Advertisement starts (Tiscali)
yet to show up in official price data. As the rental market accelerates, these buyers may benefit.
2008-04-13 09:13:22 -
Report: Wachovia to Get $7B Investment (IWon - Money)
CHARLOTTE, N.C. (AP) — Wachovia Corp. said Sunday it will move up the release of its first-quarter financial results, an announcement that closely followed a report that the nation's fourth-largest bank is about to get a multibillion-dollar cash infusion.
2008-04-13 09:36:49 -
Wachovia Is Said to Raise Billions Amid Credit Losses (NYTimes.com via Yahoo! Finance)
The bank is said to be raising several billion dollars from outside investors because of mounting housing losses and an ill-timed acquisition of a big California mortgage lender.
2008-04-13 09:40:05 -
Outlook uncertain for mortgage companies despite uptick (BizJournals)
While the total amount of loans originated in Birmingham declined within the last year, profits picked up for mortgage lenders in late January and February amid the short-lived refinance boom.
2008-04-13 09:48:01 -
No bubble to burst: Subprime mortgage mess muted in Decatur's steady real estate market (Herald & Review)
DECATUR - Decatur and Macon County are not immune to the foreclosure crisis sweeping the nation. But local real estate professionals point to several factors that have kept total foreclosures down in comparison with other metropolitan areas of Illinois.
2008-04-13 09:48:17 -
IMF warns of near-trillion-dollar loss in financial crisis (Hindustan Times)
IMF head warns that inflation in food costs around the world could lead to starvation and the crumbling of governments.
2008-04-13 09:48:36
