Mortgage and Financial News From 2008-5-26 Page 01
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South African growth likely slowed to four-year low - Tehran Times
Gross domestic product rose an annualized 2.6 percent in the three months through March, down from 5.3 percent in the fourth quarter, according to the median estimate of 17 analysts surveyed by Bloomberg. Statistics South Africa will publish the data ...
2008-05-26 07:54:00 -
Treasuries Fall as Asian Stocks Rise, U.S. Prepares Note Sales - Bloomberg
May 27 (Bloomberg) -- Treasuries fell, with two-year yields approaching the highest level since January, as Asian stocks gained and the U.S. prepared to sell $49 billion of notes. The yields have risen more than 1 percentage point since mid-March as ...
2008-05-26 09:27:00 -
European Government Bonds Fall on Speculation Rates Will Rise - Bloomberg
May 26 (Bloomberg) -- European government bonds fell to near the lowest level this year as stocks rose and speculation grew that policy makers will increase interest rates to curb accelerating inflation in the 15-member euro region. Ten-year notes ...
2008-05-26 07:51:00 -
Auction rates plumb new lows - News.com.au
Sydney weekend sales down $60m on last year Adelaide was down $5m, Brisbane down $13.5m Melbourne's clearance rate was 64 per cent AUCTION results in every major city continued their disappointing run over the weekend. Sydney sales were down $60 ...
2008-05-26 03:51:00 -
Gene Turnwald; Take steps to improve credit score (Lansing State Journal)
Are you thinking about applying for a new mortgage while the interest rates are lower?
2008-05-26 01:15:36 -
Asia Day Ahead: UBS Says May Face More Losses From Mortgages (Bloomberg.com)
May 27 (Bloomberg) -- Oil rose a second day in New York and traded above $133 a barrel, after reaching a record last week, as militants attacked facilities in Nigeria and OPEC's president ruled out an increase in supplies.
2008-05-26 02:22:24 -
Jobless queues to grow (Daily Telegraph)
BLEAK times are coming, with a slowing economy expected to push some employers to sack staff, sending the jobless rate back to 5pc.
2008-05-26 04:54:00 -
Experts predict long jobless queues (Adelaide Now)
TIMES are turning bleak in Australia, with rising oil prices slowing down the economy, nudging the jobless rate back to 5 per cent - but the boom states of WA and Queensland could be spared.
2008-05-26 06:00:00 -
Did Road Home treat all neighborhoods fairly? (New Orleans Times-Picayune)
Mortgage lender Carol Johnson has seen her clients and neighbors, mostly black middle-class folks, struggle to return to New Orleans from their post-Katrina exile, while the city's more affluent areas are buoyed by the sounds and sights of rebuilding.
2008-05-26 10:22:05 -
Grifols granted 5-year syndicated loan worth 350 million euros - CNBC
MADRID (Thomson Financial) - Grifols SA. said it has been granted a five-year dual currency syndicated loan worth 350 million euros by 24 financial groups. Grifols said in a statement the loan will be structured in two parts, with the first for a ...
2008-05-26 07:08:00 -
Sharp rise in overdue mortgage payments - Financial Times
More than a fifth of UK homebuyers who have a chequered credit history have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies in the first three months of this ...
2008-05-26 03:29:00 -
Crude Oil On The Rise - Forbes
For those looking for an end to high oil prices, Monday was not their day. Royal Dutch Shell confirmed an attack on one of its pipelines in the Niger Delta, sending prices for light, sweet crude up 76 cents, to $132.95 a barrel, in electronic trading ...
2008-05-26 04:12:00 -
Recent borrowers hit problems earlier - Financial Times
Homebuyers have been at the epicentre of the credit crunch since it hit last autumn. Mortgage approvals for new homes have slumped as lenders rushed to withdraw products, tighten terms and raise interest rates in silent recognition that cut-throat ...
2008-05-26 08:01:00 -
RUSAL to raise $2 bln to refinance Norilsk loans (Part 2) (Interfax)
MOSCOW. May 26 (Interfax) - Aluminum giant United Company RUSAL (UC RUSAL) is planning to raise around $2 billion by the end of this year by issuing Eurobonds or taking out a syndicated loan in order to refinance a $4.5 billion loan to buy a blocking stake in MMC Norilsk Nickel (RTS: GMKN) from the latter's co-owner, Mikhail Prokhorov, in April, a UC RUSAL representative told Interfax.
2008-05-26 08:00:42 -
DOF prefers present borrowing mix (Philippine Star via Yahoo! Philippines News)
The Department of Finance (DOF) prefers to keep the current borrowing mix unchanged as it plans to focus on tapping official development assistance (ODA) loans from multilateral lenders, a ranking official yesterday said.
2008-05-26 09:32:09