Mortgage and Financial News From 2008-1-3 Page 65

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• Big spenders to pay in 2008 - Fin24

  Big spenders to pay in 2008Fin24, South Africa - 51 minutes agoA total 1.4 million people will also see their cheap, fixed-rate mortgage deals end in the early part of the year, and each will be forced to pay an average ...
  2008-01-03 02:05:22

• UK Banks Plan to Tighten All Lending This Quarter (Update1) - Bloomberg

  UK Banks Plan to Tighten All Lending This Quarter (Update1)Bloomberg - 50 minutes ago... rate in the first reduction in two years, to limit damage from higher credit costs to the economy after contagion from the US subprime mortgage market ...
  2008-01-03 02:06:02

• Christmas debt ups bankruptcies - MyFinances.co.uk

  Christmas debt ups bankruptciesMyFinances.co.uk, UK - 47 minutes agoHowever, insolvency figures in the first quarter of 2008 are likely to be lower than in 2007 – but millions of homeowners coming off fixed-rate mortgage ...
  2008-01-03 02:09:06

• Bank pressed to cut rates as oil price soars - This is Money

  Bank pressed to cut rates as oil price soarsThis is Money, UK - 45 minutes ago... stock market, interest rates and more ... >> 2008 Consumers face soaring petrol bills while their spending is being squeezed by higher mortgage payments ...
  2008-01-03 02:11:41

• FX Outlook - CMC Markets - Forex Hound

  FX Outlook - CMC MarketsForex Hound, NY - 42 minutes agoNews from the BoE has shown that mortgage availability has been seriously reduced through the fourth quarter as a result of the tightening credit market. ...
  2008-01-03 02:14:18

• ICICI Bank May Raise Overseas Borrowings by a Third (Update1) - Bloomberg

  ICICI Bank May Raise Overseas Borrowings by a Third (Update1)Bloomberg - 41 minutes agoThe company's revenue in the US, where it doesn't have investments affected by the subprime mortgage collapse, is set to rise after it became the first ...
  2008-01-03 02:15:22

• Market Lessons From 2007 - Seeking Alpha

  Market Lessons From 2007Seeking Alpha, NY - 35 minutes agoThe losses from the subprime mortgage meltdown are already in the hundreds of billions. This led to a general flight to quality, a drying up of liquidity in ...
  2008-01-03 02:21:17

• Banks reduce UK household loans - BBC News

  Banks reduce UK household loansBBC News, UK - 33 minutes agoThe global credit crisis began in August, as the American sub-prime mortgage sector registered record levels of bad debt. The Bank last cut rates at the ...
  2008-01-03 02:23:40

• BoE survey sees UK lending to companies, households tightening ... - Thomson FX Hub

  BoE survey sees UK lending to companies, households tightening ...Thomson FX Hub, MA - 32 minutes agoThe survey shows 'that mortgage availability has been seriously reduced through the fourth quarter as a result of the tightening credit market,' said James ...
  2008-01-03 02:24:30

• National Australia Bank lifts key mortgage rate - MarketWatch

  National Australia Bank lifts key mortgage rateMarketWatch - 32 minutes agoAU) Thursday became the first major bank in the country to lift its standard variable mortgage rate due to the increased cost of wholesale funding brought ...
  2008-01-03 02:24:46

• 2007's cheapest mortgage - MyFinances.co.uk

  2007's cheapest mortgageMyFinances.co.uk, UK - 31 minutes agoHSBC was the cheapest mortgage lender in 2007 according to independent analysis of standard variable rate (SVR) products. Skipton Building Society and ...
  2008-01-03 02:25:00

• Business digest - Cincinnati Enquirer

  Business digestCincinnati Enquirer, OH - 28 minutes agoReed said that the first step troubled borrowers have to take is to make sure they're current on their home mortgage or rent. "No matter how bad things get, ...
  2008-01-03 02:28:27

• Ithaca sheltered from real estate bubble - Ithaca Journal

  Ithaca sheltered from real estate bubbleIthaca Journal, NY - 25 minutes agoAlthough mortgage interest rates remain low — and Global Insight predicts they will remain so until the end of 2009, when it predicts an increase to 6.8 ...
  2008-01-03 02:31:10

• Next sees FY profit ahead of market hopes but cautious on 2008 UPDATE - Hemscott

  Next sees FY profit ahead of market hopes but cautious on 2008 UPDATEHemscott, UK - 24 minutes agoMany consumers will experience year on year increases in mortgage charges for much of the coming year as a result of favourable fixed rate mortgage terms ...
  2008-01-03 02:32:20

• $100 a barrel: oil poses threat to economy - This is Money

  $100 a barrel: oil poses threat to economyThis is Money, UK - 23 minutes ago... oil is also likely to encourage inflation, putting pressure on the Bank of England not to give mortgage-payers the interest rate cut they had hoped for. ...
  2008-01-03 02:33:03

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