Mortgage and Financial News From 2008-5-8 Page 3
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Homebuilder raises shares (San Diego Daily Transcript via Yahoo! News)
(Bloomberg) -- Hovnanian Enterprises Inc. (NYSE: HOV), a national publicly traded homebuilder with operations in San Diego County, has plans to raise up to $191 million in a stock sale.
2008-05-08 06:14:49 -
Homeowner Rescue Plan Passed By House (WCCO Minneapolis/St. Paul)
The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis.
2008-05-08 06:27:27 -
TierOne Corporation Reports Financial Results for First Quarter 2008 (Centre Daily Times)
TierOne Corporation (NASDAQ: TONE) ("Company"), the holding company for TierOne Bank ("Bank"), announced today it had recorded a $42.1 million, or $2.49 per diluted share, non-cash goodwill impairment charge to the Company's first quarter 2008 earnings. The charge, which was required under generally accepted accounting principles, has no impact on the Company's liquidity, cash flows or ...
2008-05-08 06:29:22 -
Wave of Lawsuits Over Losses Could Hit a Wall (NYTimes.com via Yahoo! Finance)
Finding someone to sue over losses in the mortgage market and the credit crisis is easy. Winning in court, lawyers say, will be hard.
2008-05-08 06:37:16 -
A Little Pity, Please, For Lenders (NYTimes.com via Yahoo! Finance)
A G.M.A.C. subsidiary that was a leader in creative mortgages can’t pay its own debts, so it is demanding a privilege that it won’t grant its borrowers — a reduction in the principal that it owes its lenders.
2008-05-08 06:37:19 -
Nonprofit offers counseling for homeowners in a bind (The Palm Beach Post)
Straining under the pressure of a 12 percent mortgage rate, single mother Avery Salkey faces foreclosure on her comfortable home here.
2008-05-08 06:39:01 -
Bank of England freezes interest rates - MyFinances.co.uk
The Bank of England is to freeze interest rates at five per cent for May, the central bank has announced. Despite pressures from a slowing economy and the high cost of borrowing due to the credit crunch, the rate-setting monetary policy committee ...
2008-05-08 11:04:00 -
Interest rates held at 5% - Guardian Unlimited
The Bank of England today held interest rates steady at 5% as it decided that inflationary risks were too great to allow it to cut borrowing costs to boost the flagging economy. Few mortgage holders would in any case have benefited from any rate ...
2008-05-08 04:59:00 -
Bank Of England Decision On Interest Rates - Sky.com
Calls for a futher reduction in the base rate of interest have grew after a raft of poor economic indicators. It remains at 5.0% after last month's 0.25% cut. Data earlier this week revealed that growth of activity in the services sector slowed to ...
2008-05-08 04:02:00 -
Rates on 30-year mortgages dip - CNN Money
NEW YORK (CNNMoney.com) -- Rates on 30-year mortgages edged lower this week but remained above 6% as signs of economic stability overshadowed continued weakness in the housing market. Mortgage giant Freddie Mac ( FRE , Fortune 500 ) reported Thursday ...
2008-05-08 08:48:00 -
More financial literacy needed: Flaherty - Vancouver Sun
Canadians need to know more about how to handle their personal finances, Finance Minister Jim Flaherty said Thursday in a speech in Washington, in which he linked the global financial crisis to a need for increased financial literacy among households ...
2008-05-08 11:40:00 -
S&P cuts stance on AIG before results - Marketwatch
NEW YORK (MarketWatch) -- U.S. financial stocks slipped Thursday, pressured by a report that State Street Corp. could face more legal woes and Standard & Poor's cautious words about impending financial results from American International Group. Most ...
2008-05-08 08:34:00 -
Home buying steps - East African Standard
Home ownership means you no longer pay monthly rent. But don’t fool yourself, owning a home comes with a slew of disadvantages, responsibilities, and downright headaches. Here are some tips on making home buying a smart move . Owning a house means ...
2008-05-08 03:43:00 -
Medical Properties Trust, Inc. Reports First Quarter 2008 Results - Forbes
-- Agreed to acquire 20 healthcare properties for $357 million, of which 17 have already closed, to result in substantial improvements to portfolio scale, credit quality, tenant and geographic diversification; -- Agreed to the sale of three Vibra ...
2008-05-08 05:28:00 -
W. P. Carey Announces First Quarter Financial Results - MSN MoneyCentral
-- In March 2008, we formed Carey Watermark Investors Incorporated in March 2008 for the purpose of acquiring interests in lodging and lodging related properties. We currently expect to launch this $1 billion offering later this year. "We are pleased ...
2008-05-08 06:11:00