Mortgage and Financial News From 2008-5-15 Page 4
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Judge delays Snyder's sentencing in mortgage scheme - Reading Eagle
A federal judge has delayed sentencing by two months for admitted Ponzi scheme operator Wesley A. Snyder, whose Personal Financial Management Inc. has cost more than 800 mortgage borrowers $25 million. Sentencing had been slated for Tuesday, but U.S ...
2008-05-15 12:00:00 -
Banker calls for imposing tax on vacant houses - Gulf Times
QATAR as well as other Gulf governments should consider imposing tax on vacant houses and banks should make mortgage loans costlier to discourage conspicuous demand in the real estate sector. These measures could also control inflation, according to ...
2008-05-15 03:42:00 -
Money talk: Housing market - Daily Telegraph
The average house is now worth less than it was a year ago, down by around 1 per cent according to three house price indices produced by Halifax, Nationwide Building Society and Hometrack. Looking ahead, last week Lloyds TSB predicted a 10 per cent ...
2008-05-15 12:51:00 -
Are there tax benefits in keeping our mortgage? - Guardian Unlimited
Q We rent out our main home while we travel. We have a small mortgage on it that we are now able to pay off, but wondered whether there were tax benefits to retaining it? To complicate matters further we are considering buying a flat as a base for us ...
2008-05-14 02:29:00 -
Housing crisis: Mortgage rates at 8-year high - Daily Telegraph
The average rate for a two-year loan, the most popular mortgage, have reached 6.64 per cent. This is the highest rate since 2000 and compares to an average rate of 4.34 per cent two years ago. This means people who took a typical home loan of £150 ...
2008-05-15 04:04:00 -
Women help create 'Habitat' for woman who helps elderly (The World)
COOS BAY — Nemesia Chouinard has made a career of helping others. But it took prodding from her co-workers and an international ecumenical ministry to get her to help herself.
2008-05-15 04:31:29 -
Housing starts slump by almost a quarter (Guardian Unlimited)
Credit crisis could spiral into large scale job losses in the housing industry, experts warn
2008-05-15 04:42:22 -
Bank of England'must abandon inflation target or crucify consumer' (Daily Telegraph)
The Bank of England will "crucify" consumers unless the Treasury lets it abandon its inflation target, one of Britain's leading economic authorities has warned.
2008-05-15 04:43:49 -
Banks set to push home loans (The Star)
PETALING JAYA: Banks are mapping out strategies to garner a larger slice of the home loans market as intense competition continues to exert downward pressure on interest rates.
2008-05-15 04:52:38 -
Hill-Wood hints at Kroenke role after talks with billionaire (Irish Examiner)
ARSENAL chairman Peter Hill-Wood admits there is every reason to expect there will be further discussions with American billionaire Stan Kroenke over how his involvement within the Barclays Premier League club can be “extended”.
2008-05-15 04:53:31 -
Kiwibank makes New Zealand stronger (Scoop.co.nz)
Kiwibank's leadership in bringing down home loan rates shows how a New Zealand-owned bank is needed to keep pressure on rapacious foreign owned banks, Progressive leader Jim Anderton said today.
2008-05-15 04:54:32 -
$35m Shared Equity pilot funded in Budget 2008 (Scoop.co.nz)
Budget 2008 will fund a two year Shared Equity pilot to assist up to 700 households into starter homes, Housing Minister Maryan Street announced today.
2008-05-15 04:54:42 -
World According To ... Robert Shiller (Entrpreneur.com)
A rock star among economists, the Yale professor who called the dot-com-era bubble in stocks says that the housing slump could turn out worse than that of the Depression.
2008-05-15 05:01:28 -
Barclaycard tempts thousands with 'instant cash' - but forgets to mention the massive interest charges (Daily Mail)
Barclaycard has been branded 'grossly irresponsible' for urging customers to take out 'instant cash' on their credit cards
2008-05-15 05:38:55 -
Could A Reverse Mortgage Save Your Parents’ Lifestyle? - TriCities.com
Helen didn’t want to sell her house. She was having a tough time paying for prescriptions, medical bills and she would need a new car soon. If she sold her house, she’d have to make repairs anyway. “I just didn’t want to move,” she said ...
2008-05-15 02:09:00