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European central banks under pressure to cut rates - The StateLONDON -- The European Central Bank and the Bank of England are under mounting pressure to cut interest rates aggressively this week amid signs that the economic slump will be deeper and more prolonged than previously expected. While many observers ...
TransUnion: 3Q mortgage delinquencies shoot higher - PR InsideNEW YORK (AP) - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of ...
Lower US Mortgage Rates Lift Application Demand - CNBCWith average 30-year fixed loan rates dropping 0.17 percentage point to 5.99 percent last week, total mortgage applications rose 1.5 percent mainly due to demand for mortgages to buy houses, according to the Mortgage Bankers Association's seasonally ...
Crist suspends foreclosures - Tallahassee DemocratCrist praised Alex Sanchez, president of the Florida Bankers Association, and Aletta Shutes of the Florida Credit Union League, for agreeing to give struggling homeowners a break through the holidays. He also announced where further federal money ...
REFILE-Lower US mortgage rates lift applications demand - ForbesNEW YORK, Nov 26 (Reuters) - Lower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With ...
Almunia Pledges to Uphold European Union Budget Rules After Stimulus ... - BloombergDec. 2 (Bloomberg) -- European Union Commissioner for Monetary Affairs Joaquin Almunia pledged to enforce the bloc’s rules that limit the size of budget deficits as finance ministers clashed over how much fiscal stimulus they can afford. Finance ...
Treasuries Rise as Stocks Slump, Keeping Yields at Record Lows - BloombergDec. 2 (Bloomberg) -- Treasuries gained, holding yields at record lows, as declines in stocks and corporate bonds fed speculation the U.S. is in the middle of the longest economic recession since World War II. Thirty-year bonds are returning the most ...
Mortgage rates heading for record low with huge ECB cut - IndependentTHE European Central Bank could slash interest rates by three-quarters of a percentage point next Thursday, economists predicted yesterday. Such a cut -- from 3.25pc to 2.5pc -- would offer huge respite to homeowners, giving savings of between €75 ...
Two heads no better than one - Times UnionWASHINGTON — Having two presidents is starting to feel like having no president, and that's the situation we'll face until Inauguration Day. Heaven help us. President Bush spent the weekend in Lima, Peru, at a meeting of the Asia-Pacific Economic ...
Mortgage rates fall, but many borrowers will have trouble qualifying - Los Angeles TimesThe biggest savings for shoppers this holiday season may be in home mortgages, thanks to a decline in interest rates spurred at least in part by the latest federal financial rescue effort. But it's an open question whether consumers will actually ...
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