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Asian shares retreat as economic fears nag - Boston GlobeHONG KONG (Reuters) - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years. European shares ...
Online sales spike, mortgage action push stocks up - St. Louis Post-DispatchNEW YORK — Stocks rose for a second day Wednesday as a jump in online spending and a record increase in mortgage applications lifted retailers and banks, overshadowing concern the worsening recession will reduce demand for commodities. Amazon.com ...
Bollard keeping his axe handy - New Zealand HeraldAlan Bollard has now brought the official cash rate down from 8.25 to 5 per cent in little more than four months. Photo / Mark Mitchell Even after yesterday's unprecedented rate cut of 150 basis points, the Reserve Bank may be only two-thirds of the ...
The Awards Keep Rolling in for Standard Pacific - Carolina NewswireRALEIGH, N.C. -- Standard Pacific Homes, the 10th largest homebuilder in the country, has been on a winning spree in the Triangle these last few months. Most recently they were named a Silver Award Finalist for their Design Galleria located at Brier ...
Home sellers suffer amid wave of foreclosures - CNN MoneyNEW YORK (CNNMoney.com) -- Selling a home in this market is hard enough. Competing in a neighborhood flooded with foreclosed homes that are heavily discounted is nearly impossible. There are nearly a million repossessed homes on the market right now ...
Telling the truth is lambasted in politically correct Britain - Daily TelegraphAs Harriet Harman slithered on the thin ice of dissemblance, cracks in her conviction were palpable. Blinking furiously, she appeared as someone who would rather plunge into freezing waters of ridicule than succumb to truth. Asked by Jeremy Paxman on ...
Goshay: Optimism needed now more than ever - MetroWest Daily NewsPresident-elect Barack Obama made a simple observation Wednesday about the current economic crisis that some people may have missed. Something that, in our despair, we seem to have thrown out with the bath water. He said simply, "We'll get through ...
Foreclosure Crisis - Daily Business Reviewdam and Suzette Coulton went house hunting with an ambitious target: They wanted a home with a pool and large yard for their 2-year-old son — and they wanted to pay no more than $500,000. A few years ago when home prices were rising, they would ...
This 'n' that: American optimism needed now more than ever - Canton RepositoryPresident-elect Barack Obama made a simple observation Wednesday about the current economic crisis that some people may have missed, something that, in our despair, we seem to have thrown out with the bath water. He said simply, "We'll get through ...
Judge to Matt Amorello: Get a job, buddy - TradingMarkets.comThe ex-Big Dig bigwig and his estranged wife have run up an astronomical credit card debt, including more than $130,000 on her card, and have fallen behind on their mortgage payments by $17,000, according to their filings. Amorello, 50 -- who once ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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