Mortgage and Financial News From 2008-5-24 Page 4
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The high life offered to MPs through expenses (Times Online)
In an imposing residential block with its own swimming pool, gym complex and 24-hour concierge is a flat that has earned some notoriety in Westminster.
2008-05-24 01:03:56 -
At Least a Start on Housing’s Revival (NYTimes.com via Yahoo! Finance)
Apparently believing that the worst of the housing crisis is behind them, some investors have been picking up stocks in this beleaguered sector, pushing up share prices.
2008-05-24 02:38:45 -
Good times for rural banks (Minneapolis-St. Paul Star Tribune)
In the world of banking, country folk are beating the financial results of far bigger players in the cities. Yet community bankers stay cautious.
2008-05-24 02:53:56 -
Private banks offer alternaitve sources for mortgages - Times Online
Private banks have been among the unlikely beneficiaries of the credit crunch as high-street banks turn away wealthier consumers who want bespoke mortgages and current accounts. Mortgage brokers say they are increasingly turning to the private sector ...
2008-05-24 12:54:00 -
Home costs hit levels of 2004 (Miami Herald)
Median home prices in Miami-Dade and Broward counties last month fell below $300,000 for the first time since 2004. A growing number of homes on the market, including foreclosures and properties owned by banks, plus sellers who have dropped asking prices, are contributing to the continued declines.
2008-05-24 10:31:46 -
150,000 households face mortgage stress (Stuff)
Nearly 150,000 New Zealand households are at "extreme risk" of missing mortgage repayments and potentially losing their homes.
2008-05-24 10:34:29 -
Saturday May 24, 2008 (R News)
• RBA Seeks Nominations The Rochester Business Alliance wants nominations for its 2008 Rochester Top 100. • Adair Steps in as Budget Director Monroe County Executive Maggie Brooks has appointed a new county budget director.
2008-05-24 10:55:35 -
Bailing out in flood of debt (Chicago Tribune)
There is no leniency.
2008-05-24 11:53:10 -
Bank under fire over house loss (Stuff)
When Pete and Claire Swann's family home was irreparably damaged in a house fire in February, they comforted themselves that insurance would see them quickly back on their feet.
2008-05-24 01:25:03 -
Coastal Residents Urged To Elevate Homes (WCVB Boston)
Massachusetts is urging coastal homeowners to consider elevating their homes up to 3 feet.
2008-05-24 01:35:47 -
Riddles lie behind subprime crisis, aftermath - Daily Yomiuri On-Line
There was a time following the outbreak of the financial crisis triggered by the rise in defaults of subprime loans--a variant of U.S. mortgages with a dubious creditworthiness screening standard--when Japanese newspapers were covering the debacle ...
2008-05-24 11:21:00 -
FEATURE-Lawsuits accelerate amid U.S. housing crisis - Forbes
CHICAGO, (Reuters) - The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules. "The compliance issue is a ticking time ...
2008-05-23 07:55:00 -
Bailing out in flood of debt - Chicago Tribune
There is no leniency. Credit card companies and banks are worried that people are drowning in debt and will fall behind on payments. With home values declining and banks wary of handing out loans, outlets for escaping overwhelming debt are limited ...
2008-05-24 11:28:00 -
Blair was chased over unpaid bill - BBC News
Items included tiling and £1,000 on fitting a mantel shelf to the Aga oven. The Blairs also spent £515 on a new dishwasher for Myrobella. The documents include a 2004 letter from Lloyds bank about the Blairs new interest-only £297,000 mortgage on ...
2008-05-23 03:33:00 -
Blair and Brown had new kitchens on the taxpayer, 'John Lewis list' reveals (Evening Standard)
The extravagant expenses claims made by MPs on their second homes finally emerged last night. Michael Martin, the Commons Speaker, caved in after a three-year legal battle and published a receipt-by-receipt breakdown of the £12million-a-year perk.
2008-05-24 07:03:49