Mortgage and Financial News From 2008-5-13 Page 01
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No change in CPF interest and HDB mortgage rates - Straits Times
THE Central Provident Fund (CPF) board will keep the interest rate for members' CPF savings in their Ordinary Account at 2.5 per cent for the third quarter of this year. The computed CPF interest rate derived from the major local banks' interest ...
2008-05-11 09:16:00 -
More U.S. homeowners lagging on mortgage payments - AZCentral.com
LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent vs. the same month last year and contributing to a deepening slide in home values, a research company said ...
2008-05-13 10:11:00 -
Writedowns threaten deep cut in dividend at Alliance & Leicester - Times Online
More than half a million shareholders in Alliance & Leicester (A&L) are facing a dividend cut of 30 per cent this year, analysts predicted after the bank unveiled £391 million of treasury writedowns. A&L, in a statement before its annual meeting ...
2008-05-13 03:59:00 -
Out of touch on foreclosures - Boston Globe
PRESIDENT BUSH frets that foreclosure relief legislation would "reward speculators and lenders." So he dismisses carefully crafted efforts by Congress to prevent as many as 500,000 families from losing their homes to foreclosure. His concerns are not ...
2008-05-13 09:07:00 -
Toll Brothers preliminary 2Q sales fall 30 percent - Forbes
Investors scouring for hints of a housing revival won't find much in the second-quarter preliminary sales results of luxury-home builder Toll Brothers Inc. In spite of reduced housing prices, lower mortgage rates and more homes for sale, the Horsham ...
2008-05-13 02:04:00 -
Westpac and National cut mortgage rates - Newstalk ZB
Westpac and the National Bank have reduced their mortgage rates, with two-year rates falling from 9.7 to 9.4 percent. The drops are in line with cuts by the ASB Bank and the Bank of New Zealand last week. Interest.co.nz managing editor Bernard Hickey ...
2008-05-13 09:07:00 -
Docufree(TM) Wins Top Honor Software Innovation Award - Forbes
ATLANTA, May 13 /PRNewswire-FirstCall/ -- InnoSource, an Inc. 5000 company, announces today that Docufree, our award winning web-based document management and business process management solution, is chosen as the Most Innovative Small and Medium ...
2008-05-13 01:29:00 -
Awareness week for planners - Financial Standard
Across Australia, the Financial Planning Association’s (FPA) 31 chapters are getting ready promoting the benefits of financial advice ahead of Financial Planning Week. The Financial Planning Week, which has been running for eight years, occurs from ...
2008-05-13 05:03:00 -
UK Gross Mortgage Lending, Approvals Fall In March - CML - FXStreet.com
LONDON (Dow Jones)--U.K. gross mortgage lending and the number of loans for house purchases fell in March as the residential property market continued to suffer from a shortage of funding in the mortgage market, the Council of Mortgage lenders said ...
2008-05-13 02:23:00 -
Strong turnout for DCC foreclosure forum - News-Herald
SOUTHGATE — The rising cost of food and gasoline, job losses, life changes and, in some cases, the subprime mortgage crisis have left many people struggling to make ends meet. For some people, the financial struggle is becoming so unbearable that ...
2008-05-13 01:57:00 -
Minister sees ‘5-10% house price fall’ this year - Financial Times
A drop in house prices of 10 per cent or more this year is realistic, according to the government’s own assessment, which slipped out by accident on Tuesday. Caroline Flint, the housing minister, raised the spectre of a property crash when her ...
2008-05-13 05:39:00 -
Eddy County Commission to proceed with caution on asbestos removal - Carlsbad Current-Argus
CARLSBAD - The Eddy County Commission will take one step at a time in the proposed removal of condemned, asbestos-laden structures on private property. The commission on Tuesday approved the first step - the cost of asbestos inspections on three ...
2008-05-13 04:28:00 -
Broker sentenced for mortgage fraud - Cincinnati Enquirer
A Springdale mortgage broker was sentenced to 15 months in prison Monday for his role in a mortgage-fraud scheme that cost lenders more than $2 million. Jay Sullivan, former owner of Airline Union's Mortgage Co., pleaded guilty in U.S. District Court ...
2008-05-13 08:14:00 -
FBI: Mortgage Fraud - New Analysis of a Rising Threat - La Jolla
The FBI just released a comprehensive new report on mortgage fraud-now posted in full on this its Web site . And, as you might expect given the downturn in the economy and all the troubles in the lending industry, it isn't a pretty picture. The ...
2008-05-13 01:29:00 -
FBI cites escalating mortgage fraud problem - Reuters
WASHINGTON (Reuters) - Mortgage fraud is an escalating problem in the United States, the FBI said on Tuesday in a report that cited the subprime lending crisis as a key contributing factor. The FBI said it received 46,717 "suspicious activity reports ...
2008-05-13 02:26:00