Mortgage and Financial News From 2008-1-29 Page 19

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  • Nearly 45,000 'to lose home in 2008' (ic Harrow.co.uk)

    Around 123 homes will be repossessed every day this year as people struggle to keep up with mortgage repayments. The Royal Institution of Chartered Surveyors (RICS) said just under 45,000 people will lose their homes during the year as the cost of servicing a mortgage remains close to record levels.
    2008-01-29 05:45:27

  • CNN, AP: Clinton Wins Fla. Primary (WESH 2 Orlando)

    Hillary Clinton is the projected winner of the presidential Democratic primary by CNN and the Associated Press.
    2008-01-29 05:45:56

  • A 10th of Britons are "rich" - but don't feel it (People's Daily)

    A 10th of the British population are classed as "rich" - but do not feel it. Some 2.5 million households earn 88,000 pounds (175,000 U.S. dollars) - almost triple the average household income of 33,000 pounds - take two foreign holi ...
    2008-01-29 05:46:25

  • Quintana Drops Second Attorney, Picks Up A Third (KFOX 14 El Paso)

    City Councilwoman Rachel Quintana no longer has Luis Aguilar to defend her against a forgery allegation. Discussion: Rachel Quintana
    2008-01-29 05:48:38

  • Firm finds nearly 3.7m pay highest income tax (Daily Telegraph)

    The number of people paying the highest level of income tax has almost doubled since Labour came to power, recent figures show.
    2008-01-29 05:49:58

  • To refi or not to refi? (San Jose Mercury News)

    TO REFI OR NOT TO REFI? There's no easy way to tell quickly who should refinance their mortgage now and who should not.
    2008-01-29 05:53:48

  • Is this the right time to refinance? (San Jose Mercury News)

    Rates for some long-term mortgages are at their lowest levels in four years, the Federal Reserve is expected to cut some short-term interest rates Wednesday and proposals in Congress may soon allow thousands of Californians to qualify for loans with lower interest rates.
    2008-01-29 05:53:58

  • Motorcyclist Arrested After Cross-County Chase (NBC 7/39 San Diego)

    A motorcycle rider who led police on a high-speed chase across most of San Diego County was arrested on the freeway on Tuesday afternoon.
    2008-01-29 05:57:23

  • Feds Eye 14 Firms For Subprime Loan Violations (CBS 2 Los Angeles)

    The Federal Bureau of Investigation on Tuesday said it is investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers, and investments spun off of those loans.
    2008-01-29 05:58:19

  • Number of US homes in some stage of foreclosure soared 79 percent in 2007, data shows (The Times-Reporter)

    Updated at 10:39 a.m. LOS ANGELES (AP) – The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday.
    2008-01-29 05:58:35

  • Fitch Rates Douglas County School District, Colorado $39.8MM GOs 'AA'

    CNBC - Fitch Rates Douglas County School District, Colorado $39.8MM GOs 'AA' ... The current offering will refund outstanding debt and generate estimated net ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2008-01-29 11:13:00

  • Brazil Bovespa Gains, Led by VCP, Eletrobras; Chile Ipsa Rises

    Bloomberg - Interest rates may peak in the current quarter, pension funds may reenter the market and increased government spending will probably boost the infrastructure and construction sectors, Wizman wrote in a research note today. Mexico's Bolsa ...
    2008-01-29 02:12:00

  • C.A.R. Reports Sales Decrease 33.4 Percent, Median Home Price Falls 16 ...

    Forbes - The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate. -- Thirty-year fixed-mortgage interest rates averaged 6.10 percent during December 2007, compared with 6 ...
    2008-01-29 02:33:00

  • European govt bonds track Treasuries lower after better-than-expected ...

    Forbes - The CBI survey indicates that consumer spending is not collapsing, which reinforces the case for the Bank of England to cut interest rates gradually rather than aggressively, given current significant inflation risks,' said Howard Archer, chief UK ...
    2008-01-29 09:18:00

  • A Who's Who of the Federal Reserve policymakers who hold power over ...

    Boston Globe - He is the only member of the Federal Open Market Committee -- the group that decides the direction of interest rates in the United States -- to have served with former Fed chairmen Paul Volcker and Alan Greenspan and the current chief, Bernanke. A ...
    2008-01-29 12:39:00

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