Mortgage and Financial News From 2008-1-16 Page 64

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• Mortgage lender IndyMac slashes 2,403 jobs

  MENAFN - (MENAFN) Chief Executive of one of the largest U.S. mortgage lenders, IndyMac Bancorp Inc, said it is slashing 24 percent, or 2,403 jobs of its workforce, to deal with deteriorating housing and capital markets, Reuters reported. The latest cuts ...
  2008-01-16 02:17:00

• Broker offers free mortgage advice

  Guardian Unlimited - Almost two weeks after the Bank of England cut interest rates to 5.5%, most lenders have announced changes to their mortgage rates
  2008-01-16 07:03:00

• UK lenders will continue to rely upon wholesale funding and ...

  Banking Business Review - Increasing defaults in the US sub-prime mortgage market and the ensuing global mortgage-backed securities (MBS) market freeze have triggered a credit crunch, which now risks putting the US into recession and is already being felt in the UK through a ...
  2008-01-16 02:53:00

• Romney Took McCain's Words For A Spin

  CBS News - Former Arkansas governor Mike Huckabee on Monday trotted out more general pledges to negotiate with subprime mortgage lenders and prime the economy with government spending on defense industries, infrastructure and energy technologies. Romney ...
  2008-01-16 06:06:00

• CHERYL HALL - Dallas Morning News

  CHERYL HALLDallas Morning News, TX - 2 hours agoAnd traditional lenders are distancing themselves even further from the lower-end buyers, he says. "In the mortgage industry today, everyone is guilty until ...
  2008-01-16 05:25:59

• Skipton slashes SVR on mortgages - MyFinances.co.uk

  Skipton slashes SVR on mortgagesMyFinances.co.uk, UK - 2 hours agoPrime minister Gordon Brown last week blasted lenders for their lack of action in this area. According to the Council of Mortgage Lenders, 73.3 per cent of ...
  2008-01-16 05:26:34

• Credit crunch fails to harm 'green' mortgage market - MyFinances.co.uk

  Credit crunch fails to harm 'green' mortgage marketMyFinances.co.uk, UK - 1 hour agoShe said: "Fixed rates appear to be losing their appeal as lenders are either withdrawing their fixed-rate products or are increasing interest rates and/or ...
  2008-01-16 06:01:01

• UK housing outlook deteriorates - Thomson Merger News

  UK housing outlook deterioratesThomson Merger News, UK - 1 hour agoThe effects of the US sub-prime credit crisis are filtering down as any demand from potential buyers is quashed as mortgage lenders toughen their acceptance ...
  2008-01-16 06:04:12

• Fix It Yourself - Willamette Week

  Fix It YourselfWillamette Week, OR - 1 hour agoTed Kulongoski, Senate President Peter Courtney and House Speaker Jeff Merkley, to jump over each other to curb abuses by mortgage brokers and lenders. ...
  2008-01-16 06:04:14

• More nervous families rush to refinance home loans - Daily Telegraph

  More nervous families rush to refinance home loansDaily Telegraph, Australia - 1 hour agoChoice said the range of fees that lenders charged were designed to lock consumers into a mortgage product for one to five years. ...
  2008-01-16 06:07:30

• Bank of Queensland lifts interest rates - Melbourne Herald Sun

  Bank of Queensland lifts interest ratesMelbourne Herald Sun, Australia - 1 hour agoBANK of Queensland has joined a swag of lenders lifting interest rates, warning regional lenders like itself have faced harsher fallout from the credit ...
  2008-01-16 06:07:52

• Romney Took McCain's Words For A Spin - CBS News

  Romney Took McCain's Words For A SpinCBS News, NY - 1 hour agoFormer Arkansas governor Mike Huckabee on Monday trotted out more general pledges to negotiate with subprime mortgage lenders and prime the economy with ...
  2008-01-16 06:13:26

• Global Links Corp. Signs Multimillion Dollar Definitive Agreement ... - Market Wire (press release)

  Global Links Corp. Signs Multimillion Dollar Definitive Agreement ...Market Wire (press release) - 1 hour agoOur next goal is to acquire a mortgage lending firm at which time we will complete our goal of a true one-stop shop for all real estate transactions," ...
  2008-01-16 06:32:14

• John Charcol launches free advice service - Money Marketing

  John Charcol launches free advice serviceMoney Marketing, UK - 1 hour agoChief executive Ian Kennedy says: "In addition, with many lenders moving and, crucially, tightening their criteria, it is difficult for consumers to know ...
  2008-01-16 06:35:23

• What Should Congress Do to Avoid a Recession? - Heritage.org

  What Should Congress Do to Avoid a Recession?Heritage.org, DC - 1 hour agoSome lenders did not follow traditional underwriting practices that have been crafted to assure that borrowers have enough income to service their mortgage. ...
  2008-01-16 06:44:36

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