Mortgage and Financial News From 2008-1-4 Page 16

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  • Reverse mortgage is one of the most expensive loans (KY3 Springfield)

    Senior citizens should be on the lookout for lenders trying to pressure them into an expensive and unnecessary loan.
    2008-01-04 04:46:16

  • Foreclosures mount locally (Collinsville Herald)

    Edwardsville attorney Billie L. Johnson has a simple explanation for why her list of clients who need help filing bankruptcy papers has grown so much over the past year.
    2008-01-04 04:56:20

  • Scott raises more than $700 for AdoptaPlatoon (Collinsville Herald)

    Employees of Scott Credit Union raised just over $700 during a fund-drive recently to purchase non-perishable food and other items to support the local AdoptaPlatoon organization this holiday season.
    2008-01-04 04:57:30

  • Promotions earned at local credit union (Collinsville Herald)

    Four employees of Scott Credit Union were promoted recently to new branch manager positions, according to SCU Senior Vice President, Steve Stryker.
    2008-01-04 05:00:01

  • Biggest Student Lender Will Cut Back (NYTimes.com via Yahoo! Finance)

    Shares of Sallie Mae tumbled more than 13 percent as investors reacted to the company’s disclosure that it would cut back on its core business of making student loans.
    2008-01-04 05:40:02

  • Consumer credit rating scores are changing (KVAL Eugene)

    Take a good look at your credit report. One company that figures the scores is changing the rules, and your credit rating could soon change.
    2008-01-04 05:53:52

  • Civil Rights Leaders See 2008 as Year of Movement 'Beyond Freedom' to Equality (Birmingham Times)

    WASHINGTON (NNPA) – Leaving what could be described as the most intense year for civil rights activism since before the death of Dr. Martin Luther King Jr. nearly 40 years ago, civil rights leaders vowed this week to move into 2008 with the vigor to go beyond the freedoms gained in the 1960s to the equality that is yet to be achieved.
    2008-01-04 06:20:07

  • Spending hangovers have cures (Connecticut Post)

    Associated Press As the credit card bills start rolling in this month from the recent holiday season, many consumers are going to get that queasy feeling they've overindulged.
    2008-01-04 06:23:54

  • Foreclosures hit another record in Weld, Larimer counties - but it's not over yet (Greeley Tribune)

    The downward spiral in the housing market was punctuated profoundly in 2007 with another record-setting year, and experts predict the region hasn't yet hit bottom.
    2008-01-04 06:31:01

  • What the Bank of England has to weigh up

    MSN UK News - LONDON (Reuters) - A majority of analysts expect the Bank of England to leave interest rates ... approvals for house purchase fell for a fifth month running in November to hit their lowest level in nearly three years. The country's two biggest mortgage ...
    2008-01-04 12:11:00

  • The Smart Way to Use Adjustable-Rate Mortgages

    Street.Com - ... rate mortgages to compensate the homebuyer for taking on the risk that rates could rise. ARMs are down this week to a 9.8% share of total mortgage applications activity, from 10.4% the previous week. That's higher than in April 2001, the lowest ...
    2008-01-04 10:31:00

  • U.S. Economy: Job Growth at Weakest Pace Since 2003 (Update3)

    Bloomberg - ... two-year high, raising the odds that the Federal Reserve will cut interest rates ... started dropping at the start of 2006, weakening job growth as builders, mortgage ... ISM's manufacturing index for last month fell to 47.7, the lowest since April 2003 ...
    2008-01-04 01:37:00

  • Housing market at standstill as home loans fall to three-year low

    Times Online - Mortgage approvals fell for the fifth consecutive month in November to a three-year ... 83,000 loans, worth a total £11.4 billion, were approved in November, the lowest ... has heightened speculation that the Bank will further reduce interest rates next ...
    2008-01-04 01:37:00

  • Treasury Two-Year Note Yields Fall to Lowest in 3 Years on Jobs

    Bloomberg - Treasury Two-Year Note Yields Fall to Lowest in 3 Years on Jobs By Deborah ... This sets up the Fed'' to cut interest-rates, said Jill King, senior portfolio ... report on Nov. 2, and later declined as investors bet that bank losses on mortgage ...
    2008-01-04 08:01:00

  • U.K. Retail Stocks Slide to Lowest Level Since 2003 (Update1)

    Bloomberg - The 20-member FTSE 350 General Retailers Index dropped to the lowest since June 2003 ... Higher mortgage repayments, combined with rising taxes, utility bills and food prices ... K. same-store sales won't rise for a fourth year as higher interest rates curb ...
    2008-01-04 09:05:00

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