Mortgage and Financial News From 2008-1-12 Page 14

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  • Spiraling Foreclosures a Likely Focus of Md. Legislature (WTOP Radio Network)

    Maryland lawmakers predict legislation addressing the rising number of foreclosures will be a major focus of this term.
    2008-01-12 01:43:25

  • Former dictator Suharto placed on ventilator, officials say (Detroit Free Press)

    JAKARTA, Indonesia — The former Indonesian dictator Suharto suffered organ failure Friday and was placed on a ventilator, losing consciousness as his family rushed to his bedside, some praying and reciting verses from the Quran.
    2008-01-12 01:48:06

  • Officials suspect infant body was thrown from Ala. bridge (Detroit Free Press)

    MOBILE, Ala. — A duck hunter found a body today of one of four children officials suspect were thrown from a coastal bridge by their father, raising hopes that the other bodies will be recovered, a sheriff said.
    2008-01-12 02:03:05

  • So We Thought. But Then Again . . . (New York Times)

    Harry S Truman once said he wanted to talk to a one-armed economist, ?so that the guy could never make a statement and then say: ?on the other hand.? ?
    2008-01-12 02:13:06

  • Man saves family, delivers baby and gets citation (Detroit Free Press)

    WEST HEMPSTEAD, N.Y. — An obstetrician saved his wife and six children from a fire that ravaged their home, delivered a baby while the house was still smoldering and then got cited with building violations.
    2008-01-12 02:18:16

  • Building projects see more bad debt (Minneapolis-St. Paul Star Tribune)

    Twin Cities banks are struggling with business loans gone sour. Only Michigan and Wisconsin have more of them.
    2008-01-12 02:27:07

  • States probe banks' role in risky loans (AP via Yahoo! News)

    Authorities in New York and Connecticut are investigating whether Wall Street banks hid crucial information about high-risk loans bundled into securities that were sold to investors, Connecticut's Attorney General said Saturday.
    2008-01-12 02:32:41

  • Taiwan's opposition party sweeps legislative elections (Detroit Free Press)

    TAIPEI, Taiwan — Taiwan's opposition Nationalist Party won a landslide victory in legislative elections today, giving a big boost to its policy of closer engagement with China two months before a presidential poll it now seems poised to win.
    2008-01-12 02:33:37

  • New loan laws are in effect

    El Defensor Chieftain - The customer pays $15.50 a month in interest only. The customer would be paying an "effective APR" of 186 percent. APR is the annual percentage rate. The number is used to compare loans from different lenders. With the new law, lenders must offer ...
    2008-01-11 11:27:00

  • Oil Off on Economy Fears, OPEC Forecasts

    MSN MoneyCentral - If anything, the market's failure to rally on events like the tanker attack, or the prospect of future interest rate cuts to forestall an economic downturn, helps underscore the extent to which the market has turned bearish," said Tim Evans, an ...
    2008-01-11 01:07:00

  • Carrols Restaurant Group Reports Q4 And FY07 Comparable Store Sales ...

    RTT News - In addition to the attractive interest rate, the yen denominated liabilities provide a natural exchange rate hedge for the company's business in Japan. The Provo, Utah-based Nu Skin said it has approximately 50 percent of its outstanding debt in yen ...
    2008-01-11 10:08:00

  • WestJet Posts Higher November 2007 Load Factor - Update

    RTT News - In addition to the attractive interest rate, the yen denominated liabilities provide a natural exchange rate hedge for the company's business in Japan. The Provo, Utah-based Nu Skin said it has approximately 50 percent of its outstanding debt in yen ...
    2008-01-11 11:34:00

  • Dollar steadies after bashing over rate cut signals

    New Nation - The dollar steadied yesterday after the prior day's bashing as the market weighed the prospect of a fresh cut in US interest rates and a jump in the US trade deficit. Traders said the disappointing US trade data, which would normally be negative for ...
    2008-01-12 10:21:00

  • Bovis calls for rate cuts to boost spring sales

    Daily Telegraph - Housebuilder Bovis Homes has warned that the property market will not pick up in time for the key spring sales period without a series of interest rate cuts. In a trading update the group announced a 19pc drop in forward sales and admitted that the ...
    2008-01-12 01:27:00

  • Gold breaks $900 as traders bet on rate cut

    Daily Telegraph - The price of gold topped $900 an ounce for the first time ever yesterday as traders betted the US Federal Reserve would slash interest rates, weakening the dollar and boosting the investment appeal of the precious metal. Contracts for February ...
    2008-01-12 01:27:00

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