Mortgage and Financial News From 2008-3-25 Page 4
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Merrill, Morgan Stanley sued over auction rates (EARTHtimes.org)
NEW YORK (Reuters) - Merrill Lynch & Co and Morgan Stanley were sued on Tuesday by clients accusing them of deceptively marketing auction rate securities.
2008-03-25 05:20:55 -
S Korea Government: Sharp Rise In Won Vs Dollar Not Desirable Report (Nasdaq)
SEOUL -(Dow Jones)- The vice minister at the Ministry of Strategy and Finance said Wednesday that a sharp appreciation of the Korean won against the U.S. currency isn't desirable, Yonhap Infomax reports.
2008-03-25 05:22:23 -
Council will vote again on port bonds (Texas City Sun)
GALVESTON — The city council will take another vote on the Port of Galveston’s $28 million revenue bond issue on Thursday. The council approved the bonds unanimously on March 13, but with two members absent, it did not have the six votes necessary to approve the bonds.
2008-03-25 05:24:42 -
Innovation Awards shortlist (KableNET)
Yet again we have received a large number of high quality entries for the awards, as project teams compete for the longest established accolades in the field of public sector IT.
2008-03-25 05:25:52 -
A Risky Way To Reduce Debt (The Motley Fool)
Withdrawing equity from your home may seem like a cheap, an easy way to borrow, but watch out for the pitfalls.
2008-03-25 05:28:37 -
Should You Unlock Capital From Your Home? (The Motley Fool)
Does it make sense to borrow more money against your home?
2008-03-25 05:28:57 -
Foreclosure Rates Reflect Human Cost of Mortgage Meltdown (The Online NewsHour)
Like many cities across the U.S., the city of Baltimore has lately seen skyrocketing foreclosure rates and slumping home prices. The housing shake-up led the city to sue its largest lender -- Wells Fargo -- over allegations that it gave black homebuyers higher loan rates than white buyers. Ray Suarez examines the impact of the housing crisis in Baltimore.
2008-03-25 05:29:14 -
Reforms would require better disclosures (The Columbus Dispatch)
Anyone who has bought a home in recent years knows the problems.
2008-03-23 01:18:24 -
Mortgages proposal would aid consumers (Seattle Times)
Almost anyone who has bought a house or taken out a mortgage in recent years knows the problems: • Lenders' "good-faith estimates"...
2008-03-23 02:17:56 -
Add Up Costs To Score Cheapest Mortgage (Investopedia)
Have you ever been perplexed or troubled after finding out that a neighbor or co-worker has a substantially lower mortgage rate than you do, even if you bought the properties at about the same time? You're not alone, but we'll let you in on a little secret - there is no free lunch in finance.
2008-03-24 01:42:03 -
Drivers facing more misery (Belfast Telegraph)
A litre of diesel could cost Northern Ireland motorists £1.20 from next month, it emerged today.
2008-03-24 09:03:17 -
Translating the Secret Language of Mortgage Lending (PRWeb via Yahoo! News)
Kate Ford, a mortgage insider with more than 20 years experience, has created Get-Your-Best-Mortgage-Rate.com with a unique twist. Her site is dedicated to helping homeowners translate the secret language of mortgage lenders to find the best mortgage rates at the lowest cost.
2008-03-25 12:01:00 -
Clinton a Dyngus Day darling :Bill stumps for Hillary at South Bend stops (South Bend Tribune)
SOUTH BEND -- Former President Clinton tried here to make the case for his wife to be the nation's 44th president, preaching simultaneously to the choir and to the unconverted Monday.
2008-03-25 04:14:14 -
Safer ports in the markets' storms (MSN Money Canada)
The boom-bust-boom-bust cycle we've been seeing may be the new normal, and pockets of security are shifting. Here's where to look for stability now. You're not alone if you think the financial gods are out to get you.
2008-03-25 10:06:43 -
New Investor in Distressed Mortgages Gets Backers (NYTimes.com via Yahoo! Finance)
BlackRock, the publicly traded asset manager, and a hedge fund firm, Highfields Capital Management, are backing a new company seeking to raise $2 billion to buy delinquent residential mortgages.
2008-03-25 02:40:02