Mortgage and Financial News From 2008-8-2 Page 7
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A folding envelope business adds to the growing unemployed in N.J. (The Star-Ledger)
On an early June morning, it took just minutes for the workers inside the National Envelope plant in Union to learn they were the latest casualties of the economic downturn.
2008-08-02 12:29:50 -
Three Strikes Against Consumers (New York Times)
The jump in oil and food prices and the decline of the housing market all happening at the same time seem a strange coincidence, not a development linked by cause and effect.
2008-08-02 01:08:24 -
Home port's good in a storm (Stuff)
With physicalL storms battering the country, investors hunkered down as the stock market made a rocky start to the week. Their mood darkened when trading in ANZ's shares was halted. They waited anxiously for news from the bank.
2008-08-02 01:39:23 -
Low Hopes For Fed Meeting - Forbes
Wall Street was virtually flat for the week, but that hardly indicates that there was little to drive trading. There was plenty of action among the biotechs and financials, and bad news for the U.S. auto industry, while second-quarter GDP proved a ...
2008-08-01 02:24:00 -
Wall Street wobbles into weekend - CNN Money
NEW YORK (CNNMoney.com) -- Stocks slipped Friday, completing a topsy-turvy week, as investors mulled a seventh straight month of job losses, a dismal quarterly report from General Motors and slumping U.S. auto sales reports. The three major indexes ...
2008-08-01 02:03:00 -
GE Money exits Canadian mortgage business - Globe and Mail
lenka brown from calgary, Canada writes: Oh yes, and the credit crunch is over in Canada - let us dream on... TORONTO, July 29 (Reuters) - The Bank of Canada injected C$475 million ($462.9 million) into markets on Tuesday to lower the overnight ...
2008-07-29 05:55:00 -
Housing relief bill unlikely to help those in most trouble - Enterprise
Struggling homeowners, housing counselors and market experts are asking the same question about the housing relief bill signed into law by President Bush this week: Will it really make a difference? The bill, which could save an estimated 400,000 ...
2008-08-02 09:37:00 -
Portland's South Waterfront district feels the chill (Seattle Times)
Portland's South Waterfront feels the pains of a slowing condo market.
2008-08-02 02:12:29 -
Economic news is mixed (Lexington Herald-Leader)
Reports released Thursday offered more bad news for the sputtering U.S. economy, though a ray of hope came in a national GDP analysis. Permits down for new homes The downward spiral of new residential building permits continued in the first half of 2008 in the Lexington area. There were 1,093 permits issued for new homes, a 37.7 percent decline from the same months of 2007.
2008-08-02 03:31:19 -
Good news, bad news (Montrose Daily Press)
MONTROSE — Between 2004 and 2006, Montrose was glowing, as were its real estate agents and their clients. The housing market during that time was strong. The number of single family home sales was at an all-time high. Vacant lot and land sales were soaring, as were their prices. It was good times.
2008-08-02 03:33:13 -
Debit card use soars while credit card sales growth slows (Honolulu Advertiser)
As Americans see their home prices plunge, bills climb, and credit lines shrink, they are swiping their credit cards less and their debit cards more — and Visa and MasterCard are still raking in the fees.
2008-08-02 04:10:11 -
Where Crane Fell, Foreclosure Looms (New York Times)
The developer of a high-rise apartment house on the East Side of Manhattan where a construction crane collapsed in March, killing seven people, now faces foreclosure.
2008-08-02 04:12:46 -
Housing bill sweetened with tax credits for new buyers (Chicago Tribune)
Housing bill sweetened with tax credits WASHINGTON—Anybody who's been hesitant to jump into real estate until conditions settle down should know these dates: April 9, 2008, through June 30, 2009.
2008-08-02 09:20:45 -
Trading places: Homeowners looking to trade-in programs in tough housing market (The Flint Journal)
GENESEE COUNTY, Michigan -- It's sort of like trading in your used car for a new one, except this program is for home sweet home.
2008-08-02 09:40:53 -
Bernard Hickey : Trusts' deep freeze (The New Zealand Herald)
Investors in mortgage trusts and funds have been shocked by the closures of Canterbury Mortgage Trust, Totara First Mortgage Fund and the Guardian Trust Mortgage Fund in the past fortnight.
2008-08-02 10:30:01