Mortgage and Financial News From 2008-1-12 Page 6

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• N.Y., Connecticut Probe Wall Street Loan Disclosures (Update2) (Bloomberg.com)

  Jan. 12 (Bloomberg) -- New York and Connecticut are investigating whether Wall Street banks failed to disclose sufficient information about risks involved in investments linked to subprime loans, Connecticut's attorney general said.
  2008-01-12 04:06:45

• The bank that won’t cut its mortgage rate

  Times Online - THOUSANDS of borrowers with Intelligent Finance (IF), the offset arm of Halifax Bank of Scotland, are being urged to switch their mortgage after it refused to pass on December’s quarter-point fall in Bank rate. The Bank of England kept rates on ...
  2008-01-12 02:53:00

• Decreasing land tax to east property pressure - LIVENEWS.com.au

  Decreasing land tax to east property pressureLIVENEWS.com.au, Australia - 4 hours agoA slight drop in land tax rates is expected to save homeowners as much as $1200 a year. The Office of State Revenue will begin issuing land tax assessments ...
  2008-01-12 02:35:59

• The bad ... - The Times

  The bad ...The Times, South Africa - 4 hours agoSwiss banking giant UBS on Friday warned of a “difficult” year ahead after losing 10-billion in the US subprime mortgage crisis. ...
  2008-01-12 02:54:10

• Beware of the January sales - Times Online

  Beware of the January salesTimes Online, UK - 3 hours agoAs part of its promotion, which runs until January 31, customers can take out a two-year discount mortgage with an interest rate 1.76% below its standard ...
  2008-01-12 03:03:31

• The bank that won’t cut its mortgage rate - Times Online

  The bank that won’t cut its mortgage rateTimes Online, UK - 3 hours agoMost lenders have now cut their standard variable mortgage rates (SVRs) following last month’s move, though about 25% failed to pass on the full ...
  2008-01-12 03:03:31

• Asia Pacific to withstand global financial woes, says UN - Malaysia Sun

  Asia Pacific to withstand global financial woes, says UNMalaysia Sun, Malaysia - 3 hours agoDespite the upbeat forecast, the report warns that an unraveling of the United States sub-prime mortgage problem and a slowing of the US economy could pose ...
  2008-01-12 03:09:55

• Business Letters - Times Online

  Business LettersTimes Online, UK - 3 hours agoWe assumed that cheap imports and low-wage immigration would keep inflation and interest rates low for ever so that we could go on borrowing. ...
  2008-01-12 03:23:31

• Borrowers hurt as banks join rivals on rises - Geelong Advertiser

  Borrowers hurt as banks join rivals on risesGeelong Advertiser, Australia - 3 hours ago... Ltd and St George Bank Ltd, have raised interest rates on their home loans as higher funding costs from the US sub-prime mortgage crisis bite. ...
  2008-01-12 03:35:03

• Why rate cuts are no longer the answer to keeping recession at bay - The Observer

  Why rate cuts are no longer the answer to keeping recession at bayThe Observer, UK - 2 hours agoA friend of mine was in the happy position not long ago of being able to pay off his mortgage. However, he held some thousands of pounds back for a rainy ...
  2008-01-12 04:02:52

• Economic Pinch Hits The Upper Middle-Class - CBS News

  Economic Pinch Hits The Upper Middle-ClassCBS News, NY - 2 hours ago"This holiday season with the increasing mortgage rates, the increasing fuel prices," Corlett explained, "this upper tier shopper hit the wall. ...
  2008-01-12 04:45:43

• Anna Schwartz blames Fed for sub-prime crisis - Telegraph.co.uk

  Anna Schwartz blames Fed for sub-prime crisisTelegraph.co.uk, United Kingdom - 1 hour ago"There never would have been a sub-prime mortgage crisis if the Fed had been alert. This is something Alan Greenspan must answer for," she says. ...
  2008-01-12 05:00:57

• Readers' Comments We'll help you – Swan - Melbourne Herald Sun

  Readers' Comments We'll help you – SwanMelbourne Herald Sun, Australia - 1 hour ago... lifted their variable home rates in response to higher funding costs related to the global credit crunch sparked by the US sub-prime mortgage crisis. ...
  2008-01-12 05:11:27

• A sense of balance on consumer gloom - Times Online

  A sense of balance on consumer gloomTimes Online, UK - 1 hour agoOne factor that has been overhyped is the mortgage “reset” as people come off existing fixed-rate mortgages onto higher ones. According to an analysis by ...
  2008-01-12 05:39:10

• 2. Other demographic groups need free rides more than seniors do. - Chicago Tribune

  2. Other demographic groups need free rides more than seniors do.Chicago Tribune, United States - 52 minutes agoInstead, I have to make sure my 401k is funded enough, while having to pay high property taxes, mortgage and pay off my 2-degree education. ...
  2008-01-12 06:07:27

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