Mortgage and Financial News From 2008-1-28 Page 10

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  • USDA honors local business owner for high quality business practices (The Shelby Star)

    SHELBY — Ben Ingle, owner of NBI Mortgage LLC, will tell you, now is the best time to buy a home — and how he and his business can help. The U.S. Department of Agriculture Rural Development honored Ingle and his business Monday for their lending practices.
    2008-01-28 09:14:16

  • NBAD net profits up 19% to Dhs2.5bn (AME Info)

    National Bank of Abu Dhabi (NBAD) Board of Directors reported net attributable profits of Dhs2,505m or Dhs1.57 per share, 19% up on 2006.
    2008-01-28 09:19:27

  • Drop in new home sales sets record (Pittsburgh Post-Gazette)

    Sales of new homes plunged by a record amount nationally in 2007.
    2008-01-28 09:24:36

  • 29-01-2008: AMMB 3Q net profit doublesto RM198m (The Edge Daily)

    KUALA LUMPUR: AMMB Holdings Bhd’s net profit doubled to RM197.85 million in the third quarter ended Dec 31, 2007, from RM97.17 million a year ago, underpinned by higher earnings from the retail and commercial banking operations.
    2008-01-28 09:28:50

  • 29-01-2008: Property to rise above stock market volatility (The Edge Daily)

    PETALING JAYA: There is still growth potential in the local property market although the prevailing volatility of the stock market has turned property consultants and analysts more cautious of the upside.
    2008-01-28 09:30:03

  • Fed May Cut Rate to Below Inflation, Risking New Asset Bubbles (Bloomberg.com)

    Jan. 29 (Bloomberg) -- The Federal Reserve may push interest rates below the pace of inflation this year to avert the first simultaneous decline in U.S. household wealth and income since 1974.
    2008-01-28 09:35:59

  • Housing: Florida's Primary Concern (BusinessWeek)

    As the GOP Presidential hopefuls campaign in the Sunshine State, they'd do well to address the concerns of voters whipsawed by the fallen real estate market
    2008-01-28 09:37:54

  • Jumbo loans spell relief (The Washington Times)

    With home sales and prices dropping at record rates, economists say the most potent cure for the...
    2008-01-28 09:42:03

  • Gold Futures Rise to Record as Dollar Declines; Platinum Surges

    Bloomberg - The dollar fell to the lowest against the euro in almost two weeks. Interest-rate ... borrowing costs on Sept. 18 as home sales slowed and losses in the subprime mortgage ... The European Central Bank raised rates 0.5 percentage point to 4 percent in 2007 ...
    2008-01-28 02:42:00

  • Fortis Rises After Easing Subprime, Capital Concerns (Update3)

    Bloomberg - ... after saying it meets all capital requirements following possible subprime-mortgage ... Fortis dropped to the lowest since August 2002 on Jan. 25 after Dresdner Kleinwort ... Gietman rates Fortis a ``hold.'' Fortis, based in Brussels and the ...
    2008-01-28 09:48:00

  • PEGGY PEATTIE / Union-Tribune

    SignOn San Diego - Thanks to the lowest mortgage interest rates in a year and a half – an average 5.73 percent for conforming 30-year fixed-rate loans and 5.21 percent for 15-year loans – nearly 60 percent of all new mortgage applications by mid-January were for ...
    2008-01-26 03:55:00

  • U.S. stocks up but dollar down on Fed expectations

    International Herald Tribune - ... amid expectations that the Federal Reserve will cut interest rates ... homes slid 26 percent last year and fell last month to their lowest rate in 13 years, an unexpectedly large decline. Related crises in the U.S. housing market and the subprime mortgage ...
    2008-01-28 01:30:00

  • US new house sales in record plunge

    News.com.au - Sales of new homes dropped to their lowest annual level last year since 1996, when ... uncertainty and as major banks have revealed hefty losses tied to ailing mortgage ... The Federal Reserve has slashed interest rates since September in a bid to ...
    2008-01-28 07:57:00

  • It's Time, Ad Industry: Stand Up and Hold Marketers to Account - AdAge.com (subscription)

    It's Time, Ad Industry: Stand Up and Hold Marketers to AccountAdAge.com (subscription) - 2 hours agoAd leaders should have called for financial marketers to do a better job of disclosing the fine print of mortgage lending -- and, yes, Advertising Age ...
    2008-01-28 06:23:47

  • "Commentary"-The Stimulus Package Stimulates Bipartisan Efforts - Nightly Business Report

    "Commentary"-The Stimulus Package Stimulates Bipartisan EffortsNightly Business Report, FL - 2 hours agoIt may avoid the Federal Reserve having to push interest rates low enough to fuel another speculative bubble. Congress should not slow the package down by ...
    2008-01-28 06:26:19

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