Mortgage and Financial News From 2008-5-26 Page 2
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Macklowe Pays Debts With The Sale Of An Icon (Forbes)
The GM Building was sold for $3.95 billion.
2008-05-26 12:11:00 -
Judge awards Wells Fargo $750K in fees (The Daily Record)
Judge Susan Souder gave an elementary math lesson in subtraction last week as she recited a series of dollar figures in determining attorneys’ fees owed to Wells Fargo Bank NA in its lawsuit against the former owners and vendors of the Diamond Point Plaza shopping center in eastern Baltimore County.
2008-05-26 03:43:08 -
Spaniards may lose HSBC Tower over debt (Daily Telegraph)
Spanish ownership of the £1.1bn HSBC Tower is under threat after it emerged the owners were struggling to meet a deadline to refinance debt on the building.
2008-05-26 05:13:46 -
TEMECULA: Economy throttling back 50 cc craze (North County Times)
TEMECULA ---- The 50 cc motorcycle craze has morphed from people buying new $1,300 bikes on a whim to guys picking up new $79.95 pegs. Or new $61.94 handlebars. Or a new $399.95 70 cc motor. Local motorcycle dealers and motorsport
2008-05-26 06:20:12 -
Best time in years to be a renter (East Valley Tribune)
The Valley's average apartment rent hit a record high recently, but experts say it's still the best time in years to be a renter.
2008-05-26 07:26:46 -
Why stimulate us to buy more stuff? - Philadelphia Inquirer
By Michael T. Dolan Any day now my mailman, Bob, will be delivering a hefty check to my mailbox courtesy of the U.S. Treasury. With two kids worth $300 a pop, my wife and I are looking at close to $2,000 of something called economic stimulus. Seems ...
2008-05-22 05:57:00 -
'One in four faces ruin if unemployed' - Daily Telegraph
The study found that the cost of living has left many workers unable to save money in case of unemployment. The report, by the internet bank Egg, found that only half of Britain's 29 million workers could survive for four months – the average time ...
2008-05-26 01:49:00 -
Crime 'rising' with household costs - News.com.au
Rising petrol and grocery prices, along with increasing mortgage rates, might have caused people to take when they cannot afford to buy, experts have told NEWS.com.au. NSW Bureau of Crime Statistics and Research director Don Weatherburn said it had ...
2008-05-26 06:21:00 -
Petrol pinch (Cooma-Monaro Express)
IT is no secret that some Monaro families are feeling the petrol pinch at the bowsers and rubbing salt into the wounds is the daily challenge of paying rising food bills and interest rates.
2008-05-26 06:33:53 -
Report: Recent Foreclosures Hit Hardest in Outer Suburbs, Low-Income Neighborhoods (Smart Growth Online)
In many metro areas, the recent home price drop caused the greatest hardship in far-flung suburbs and in low-income or minority neighborhoods, where ''the housing market peaked with lots of new loans, and with lenders stretching the limits of sound finance,'' only to precipitate many defaults and foreclosures, reports Christian Science Monitor writer Mark Trumbull, quoting Irvine, California ...
2008-05-26 06:43:28 -
Foreclosure’s Residue (NYTimes.com via Yahoo! Finance)
It can take months, even years, for some homes to wind through the foreclosure process, and decay sets in.
2008-05-26 07:36:44 -
Business credit enquiries fall in Q1 (AAP via Yahoo!7 News)
Australian businesses are battling tighter lending markets with a fall in credit enquiries for the first quarter of this year, a credit check firm says.
2008-05-26 07:38:21 -
Libor Cracks Widen as Bankers Struggle With Reforms (Update1) (Bloomberg.com)
May 27 (Bloomberg) -- Few companies have suffered from the subprime mortgage collapse more than UBS AG , which has taken $38 billion of writedowns and losses, replaced its chief executive officer and chairman and saw its stock tumble 60 percent.
2008-05-26 07:45:43 -
Sluggish business confidence 'a concern' (The New Zealand Herald)
Business confidence remains low in May, depressed by slowing economic growth and rising costs, the National Bank said today.
2008-05-26 07:46:38 -
Secured Loans: The Best Option In The Times Of Global Credit Crunch - Best Syndication
Summary : Unless a person has been hiding under a rock, he or she will be aware of that nasty business, the so-called 'credit crunch'. Are loans becoming harder to find? Go for the secured loans to get instant relief from you financial problems. In ...
2008-05-26 01:20:00