Mortgage and Financial News From 2008-2-3 Page 24

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• Wanted: room to work, grow - Baltimore Sun

  Wanted: room to work, growBaltimore Sun, United States - 12 hours ago"We want to stop paying rent and start paying a mortgage." Officials unveiled the $80 million Global Space Utilization Plan last week, hoping to win funding ...
  2008-02-03 12:25:32

• THOMAS JAMES HURST / THE SEATTLE TIMES - Seattle Times

  THOMAS JAMES HURST / THE SEATTLE TIMESSeattle Times, United States - 2 hours agoVacancy rates averaged 4.4 percent across Snohomish and King counties, also an indication of a tight rental market. At the high end, the average rent in ...
  2008-02-03 10:32:12

• New Zealand Jobless Rate Probably Remained Close to Record Low - Bloomberg

  New Zealand Jobless Rate Probably Remained Close to Record LowBloomberg - 2 hours agoBollard, who raised interest rates four times between March and July 2007, said on Jan. 25 that the current level of the official cash rate was consistent ...
  2008-02-03 10:54:12

• Transcript: Hillary Clinton on 'FOX News Sunday' - FOXNews

  Transcript: Hillary Clinton on 'FOX News Sunday'FOXNews - 1 hour agoI've been out there since March talking about this mortgage crisis and urging much more aggressive action to stem the foreclosures that are beginning to ...
  2008-02-03 11:23:05

• Rate rise could push working families to the limit: ACTU - ABC Online

  Rate rise could push working families to the limit: ACTUABC Online, Australia - 1 hour agoThe ACTU says up to 750000 Australians could be affected by mortgage stress this year if rates go much higher, and of these, up to 300000 could be at risk ...
  2008-02-03 11:49:41

• Joblessness could sway US presidential race - International Herald Tribune

  Joblessness could sway US presidential raceInternational Herald Tribune, France - 58 minutes agoThough it takes time for interest rate cuts to take full effect, their impact on mortgage rates and home-buying can be swift. But all of that is likely to ...
  2008-02-03 12:01:53

• Transcript: Ian Harnett of Absolute Strategy Research (FT.com via Yahoo! News)

  A transcript of the FT's interview with Ian Harnett, European strategist and joint managing director of Absolute Strategy Research, conducted by Gillian Tett, global markets editor. They discussed: the effectiveness of the interest rate cuts by the Federal Reserve; the need for painful earnings adjustment by European banks; and problems with foreign lending to eastern Europe.
  2008-02-03 09:50:18

• Rising rents — landlords finally are recovering from a downturn in the market (Seattle Times)

  After years of offering freebies and shaving rents to attract tenants, landlords finally are recovering from a downturn in the market. As a result, many apartment owners have raised rents.
  2008-02-03 11:15:13

• Rate rise could push working families to the limit: ACTU (Australian Broadcasting Corporation)

  The Reserve Bank is being urged to consider the plight of working families when deciding whether to increase interest rates this week.
  2008-02-03 11:53:54

• Transcript: Hillary Clinton on 'FOX News Sunday' (Fox News)

  Democratic candidate claims progress in Iraq is due to U.S. presidential election, prospect of John McCain's suggestion that U.S. could be there for years.
  2008-02-03 11:55:54

• Special Program Assists Homeowners in Warding Off Foreclosure and Improving Credit Score (PR.com)

  With mortgage meltdowns and bankruptcies on the rise, more and more consumers are looking for ways to save their home and credit rating. Homeowners are panicked due to variable mortgage rates resetting, loss of equity because of the unsustainable housing market and their individual credit card debt growth. Innovative Credit Solutions (ICS) has developed a specialized program, the Foreclosure ...
  2008-02-03 12:02:59

• Joblessness could sway U.S. presidential race (International Herald Tribune)

  Economists caution that voters are not likely to feel much better at election time even if the economy is rebounding because employment growth often lags several quarters behind economic growth.
  2008-02-03 12:12:23

• US urged to focus on home foreclosures

  Financial Times - Instead of borrowing to fund tax rebates , some suggest there should be a focus on tackling a worryingly high home ... Hope Now Alliance, a coalition of mortgage lenders, mortgage servicers and counsellors to help subprime homeowners refinance in ...
  2008-02-03 11:50:00

• Attempting to sell home could delay refinancing

  Jackson Clarion-Ledger - CHICAGO — Cherya Jenkins says she has been snagged by a Catch-22 of the mortgage-market mess: She wants to refinance the loans on her Chicago three-flat but hasn't been able to - because she tried to sell the building last year. "People who are ...
  2008-02-03 09:19:00

• Bernanke Ease Makes Bulls out of Dollar Bears Seeing New Growth

  Bloomberg - During the first six months of 2001, the currency gained 10 percent against the euro as the central bank slashed its target 2.75 percentage points to below the ECB's benchmark refinance rate following the bursting of the technology bubble ...
  2008-02-03 08:29:00

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