Mortgage and Financial News From 2008-2-24 Page 14

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  • Allco won't take off with Qantas

    News.com.au - There's no interest from us," Mr Dixon told ABC television. "We don't believe that is possible or advisable at the current time given the fact that these infrastructure funds are ... Inflation: NAB boss warns RBA over rates Bidding war: Allco won't take ...
    2008-02-24 02:10:00

  • Bernanke to tell Congress has eyes on growth risks

    MSN MoneyCentral - ... congressional testimony on Wednesday and Thursday to explain how the U.S. central bank, which has already cut interest rates ... If growth rebounds quickly after the current soft patch (not altogether unlikely, given the amount of fiscal and ...
    2008-02-24 11:25:00

  • NAB boss warns RBA over rates

    News.com.au - You'll always get tinkering but I think (the current position) is adequate." The outlook for official interest rates was more vexed, with a hawkish central bank again considered likely to hit the rates button at its March 4 board meeting.
    2008-02-24 01:48:00

  • Cashed-up investors well placed (Stuff)

    Somewhere out there, you may find an investor who's truly happy and painfully smug.
    2008-02-24 12:26:49

  • New Zealand Centre for Political Research (Scoop.co.nz)

    Last week renowned economist and author Thomas Sowell published a column, Who Is Fascist?, in which he shed light on the origins of Fascism. He explained that ‘real’ Fascism was introduced into Italy after the First World War by Benito Mussolini and was popular with the political ‘left’: Fascists were completely against individualism in general and especially against individualism in a free ...
    2008-02-24 12:51:31

  • Bernanke to Congress: eye on growth risks (Stuff)

    US Federal Reserve Chairman Ben Bernanke will deploy his most reassuring bedside manner in congressional testimony on Wednesday and Thursday to explain how the central bank, which has already cut interest rates 2¼ per centage points since mid-September, can trim them further to prevent recession without letting inflation get out of hand.
    2008-02-24 01:26:22

  • Bernanke to address Congress this week (MSNBC)

    Housing's in the tank, banks are scared to lend, but oil is at $100 a barrel and inflation is threatening to pick up — what's a central banker to do?
    2008-02-24 01:33:13

  • Upbeat mood prevails before survey (The Telegraph)

    New Delhi, Feb. 24: India is still shining — and the numbers that finance minister P. Chidambaram will serve in his pre-budget economic survey before Parliament are likely to reflect just that.
    2008-02-24 01:34:52

  • Students question college's settlement over student loans (Centre Daily Times)

    Some students at a for-profit Allentown college investigated for allegedly steering students into high-interest loans say the school's $200,000 settlement with the state won't help alleviate their debt.
    2008-02-24 01:55:53

  • Samson Oil & Gas Successfully Stimulates the North Hardstad Well to 300 BOPD. (Business Wire via Yahoo! Finance)

    DENVER & PERTH, Australia----Harstad #1-15H
    2008-02-24 02:09:00

  • Mortgage: Is it time for you to refinance?

    Arizona Daily Star - Get out from under your mortgage MLS: Home sales may have hit bottom in Jan. Local Jan. home sales drop 37%, lowest since '98 ... Rates are a little unstable right now," said Mark Ross, president and CEO of mortgage lender Prime Capital Inc.
    2008-02-23 11:51:00

  • Low mortgage rates make refinancing more attractive

    Jackson Clarion-Ledger - If, however, you're one of the millions of homeowners who are "upside down" - you owe more on your mortgage than your home is worth ... For that reason, it's important to make sure you're dealing with a reputable lender and to scrutinize all offers.
    2008-02-24 08:26:00

  • GMAC to give ResCap up to $750-million loan

    Detroit Free Press - ... Poor's downgraded its credit ratings and those of the ResCap home ... billion into GMAC to make up for earlier writedowns of mortgage assets at ResCap.
    2008-02-22 03:59:00

  • A good deal in bad times

    Worcester Telegram & Gazette - Heather and Richard DiStefano have not been able to convince their lender to accept a short sale offer on their house. They fell behind in mortgage payments for a home they purchased for $306,500 in 2006 on Marlboro Street in Worcester.
    2008-02-24 03:32:00

  • Subprime collapse was years in making

    Miami Herald - Nearly all subprime loans are adjustable, meaning the mortgage rate can be increased, sometimes substantially. ... Even if a home fell into foreclosure, the lender could sell it without a loss.
    2008-02-24 12:15:00

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