Mortgage and Financial News From 2008-1-26 Page 6

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  • Local economic index dips as growth slows (Abilene Reporter-News)

    he Abilene Economic Index beat a hasty retreat in November to 118.8, down from the index record high of 119.7 in October. The year-over-year rate of growth in the index dipped below 2 percent for the first time since February 2004.
    2008-01-26 09:13:00
  • What the Fed rate cut means for homeowners (The Florida Times-Union)

    The Federal Reserve's surprise rate cut last week will provide some relief for Florida's tortured housing economy, but industry observers say it will be months at best before the situation really begins improving.
    2008-01-26 09:21:09
  • Recession threats escalate (The Myrtle Beach Sun News)

    Economists and politicians can debate all they want about whether the nation is sliding into its first recession in nearly seven years. To Chuck Rizzo, the picture is clear. Rizzo was recently laid off from his customer service job at a home builder in Sarasota, Fla. His grocery bill is higher nowadays, and he can barely afford his mortgage payments. "Everything has gotten tremendously more ...
    2008-01-26 09:29:46
  • Stocks take biggest knock since 9/11 - Business Report

    Stocks take biggest knock since 9/11Business Report, South Africa - 41 minutes agoHe said the "superboom got out of hand" when the new financial products fuelling it "became so complicated that authorities could no longer calculate risks ...
    2008-01-26 08:58:47
  • Check your credit score now to avoid trouble later - Pittsburgh Tribune-Review

    Check your credit score now to avoid trouble laterPittsburgh Tribune-Review, PA - 34 minutes agoEach of the three national credit bureaus -- Experian, TransUnion and Equifax -- calculate a FICO score based on the information in their files. ...
    2008-01-26 09:06:12
  • Tyler Rated Well In Annual Prognosis (Tyler Morning Telegraph)

    (Staff Photo By Herb Nygren Jr.) HOW IT LOOKS: Ray Perryman speaks at the 24th Annual Perryman Economic Outlook Conference at Holiday Inn Select on Friday.
    2008-01-26 08:13:51
  • Stocks take biggest knock since 9/11 (Independent Online)

    Hopes that the surging Chinese economy, growing at 11 percent a year, would keep world momentum going were not enough to stem panic selling in global stock markets this week.
    2008-01-26 08:58:35
  • Check your credit score now to avoid trouble later (Pittsburgh Tribune-Review)

    One of the first steps serious home shoppers should take is to pull their own credit scores.
    2008-01-26 09:21:59
  • Bank's billions burnt in 10 days

    Times Online - ... to announce a massive write-off of losses incurred from the global sub-prime debt ... nosedive that spurred the American Federal Reserve into the biggest cut in interest ... Was Soc Gen’s account of his activities entirely accu-rate? When did he suspect ...
    2008-01-26 04:53:00
  • Can the rest of us cut the rope if the US touches economic void?

    Guardian Unlimited - The idea that the Prime Minister who took us into Iraq on false pretences should be President of Europe is quite another. ... The Fed has been criticised for panicking with its interest-rate cut last week. But my mind goes back to a seminar last autumn ...
    2008-01-26 02:30:00
  • Davos party ends with sober farewells

    Times of India - ... spectacular interest rate cut of 75 basis points -- a move that drew less than rave reviews from some here. "Reckless" and "dangerous" was the verdict of Stephen Roach, head of US investment bank Morgan Stanley in Asia. Japanese Prime ...
    2008-01-26 07:45:00
  • News Minute: Obama wins...Edwards running 3rd...Crist for McCain

    WDAM-TV - COLUMBIA, S.C. (AP) - Barack Obama has routed Hillary Clinton in the racially-charged South Carolina Democratic primary. About half the voters were black, and according to polling place interviews, four out of 5 of them supported Obama. COLUMBIA, S.C ...
    2008-01-26 02:22:00
  • How homeowners are ripped off

    News.com.au - As more mortgage pain looms, with the 11th straight interest rate rise by the Reserve Bank tipped for next month, Prime Minister Kevin Rudd and Treasurer Wayne Swan are among the dwindling number of mortgage-free Australians. Mr Swan paid off his ...
    2008-01-26 05:43:00
  • Your guide to the turbulence - Times Online

    Your guide to the turbulenceTimes Online, UK - 7 hours agoMany optimists are counting on the Bank to come to the rescue by slashing interest rates. Even if you side with the bears it is generally not a good idea to ...
    2008-01-26 01:51:31
  • Bank's billions burnt in 10 days - Times Online

    Bank's billions burnt in 10 daysTimes Online, UK - 7 hours agoAnd Kerviel was being blamed for fuelling a stock market nosedive that spurred the American Federal Reserve into the biggest cut in interest rates for 25 ...
    2008-01-26 01:52:14