Mortgage and Financial News From 2007-11-11 Page 13
Previous Day: 2007-11-10
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Mortgage crisis infects credit-card, auto loans (Asbury Park Press)
The malaise in the mortgage market is starting to spread to credit-card and auto loans in what one analyst has dubbed consumer credit "contagion." It's an ominous warning signal for the economy.
2007-11-11 04:33:04 -
It's never too soon to start compiling tax deductions
Baltimore Sun - And perhaps you pay coming expenses - like January's mortgage payment or property taxes - in 2007 so you can use the ... Rather than waiting for unpleasant tax surprises when you sit down with your return, pull out a recent pay stub, calculate ...
2007-11-11 12:29:00 -
Making last-minute moves Act now to save money on your income taxes (The Morning Call)
This is the time of year when taxpayers pull out the rule book that guides them in making last-minute moves before year-end to reduce their income tax bill.
2007-11-11 12:52:34 -
Consider year-end moves to slice taxes (Orlando Sentinel)
It's time to hunt for deductions to make filing returns as painless as possible, experts say. This is the time of year when taxpayers pull out the rule book that guides them in making last-minute moves before year-end to reduce their income tax bill.
2007-11-11 01:30:05 -
HK Dlr Ends Sharply Lower As Hibors Drop;Banks Cut Prime Rate
Stockhouse Canada - We feel that there's a need to cut the interest rate because there's ample liquidity in the market,' said HSBC spokeswoman Vinh Tran. A local bank treasurer said banks' prime rate cuts supported U.S. dollar buying interest as ...
2007-11-09 03:55:00 -
U.S. dollar deterring Canadian marijuana smugglers
Missoulian - ... the hole, ratchets up its trade deficits, buries itself beneath subprime mortgage debt, devalues its dollar with interest-rate ... at par, the profit margin is completely gone, unless Montanans are willing to pay 50 percent more for the prime northern ...
2007-11-11 12:51:00 -
Indo-Russia ties a high priority: PM
NDTV - Rate the Story ... in the field of trade and investment, defence, energy security, science and technology and other areas of mutual interest. The Prime ...
2007-11-11 02:17:00 -
Chain lightning
Sunday Business Post - Sub-prime loans were those given to US borrowers with poor credit histories. Tens of thousands are now defaulting due to interest rate rises over the past few years and falling house prices. In some poorer parts of the US, roughly 10 per cent of ...
2007-11-10 10:56:00 -
Banks just can't wait to lend money to some borrowers
Detroit Free Press - It also may help that the Federal Reserve has cut interest rates twice since Sept. 18. Right now, banks still want to lend ... The rate was based on the prime rate minus one percentage point. The minimum credit line was $50,000. It also required that ...
2007-11-11 12:01:00 -
Barclays bankrolls Mugabe’s brutal regime
Times Online - Gordon Brown, the prime minister, has said he will boycott the EU-Africa summit in ... This weekend Norman Lamb, the Liberal Democrat MP who has a long-standing interest in ... £750m was derived based on the unrealistic Zimbabwean official exchange rate ...
2007-11-11 02:38:00 -
Reserve Bank deals election campaign rate rise
News.com.au - PRIME Minister John Howard has apologised to people struggling to pay off mortgages after the Reserve Bank lifted official interest rates this morning. The RBA decided to raise the official rate by 25 basis points to 6.75 per cent this morning. It is ...
2007-11-06 03:59:00 -
Pakistan parliament to dissolve in days: Musharraf
Talk Radio 702 - Yesterday, ex-Prime Minister Benazir Bhutto was prevented by police from visiting the deposed chief justice. But she did meet foreign diplomats, telling them the continuing protests shouldn't come as a surprise. Bhutto says Pakistan under a military ...
2007-11-11 01:55:00 -
For now, Harper will let loonie continue to rise
St. Petersburg Times - There's no change in the Bank of Canada's key interest rate of 4.5 percent or the prime lending rate at 6.25 percent. Stock markets were lower with the Toronto index at 13,876 points and the TSX Venture Exchange 3,033 points. Lotto 6-49: (Wednesday ...
2007-11-10 11:25:00 -
Using 401(k) for mortgage payment can worsen plight
Baltimore Sun - You also must pay interest, often the prime rate plus 1 percentage point, according to Hewitt. Leave or lose your job before the loan is repaid, and you might have to repay it immediately. If you can't, the loan is considered a distribution. You will ...
2007-11-11 12:51:00 -
Sub-prime worries, FII sell-off to continue haunting D-Street
Times of India - Delinquencies on these mortgages (sub-prime) are likely to rise further in coming quarters as a sizable number of recent vintage sub-prime loans experience their first interest rate resets," he had said. The US market lost further on Friday ...
2007-11-11 12:15:00
