Mortgage and Financial News From 2008-2-19 Page 6

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• Rock mortgage book 'being shrunk'

  BBC Business - So increases in the Rock's mortgage rates could be painful for millions of homeowners, not just the Rock's customers," he said. Moves by savers? Questions have been asked as to whether savers would shift to Northern Rock, owing to the greater ...
  2008-02-19 09:00:00

• Rock will not act unfairly, vows Darling

  Financial Times - Banks and building societies fear Mr Brown will try to run Northern Rock as a serious commercial operation, taking advantage of government support to offer discounted mortgage rates and good deals for savers. Such a policy could boost the value of ...
  2008-02-19 06:12:00

• The Housing Boom: Part Two (The Motley Fool)

  Here's part two of our regional review of the property boom. These were the good times for homeowners!
  2008-02-19 07:22:45

• Bendigo Bank calls in margin loans (ABC via Yahoo!7 Finance)

  In recent days, two of Australia's biggest banks - the Commonwealth and ANZ - have been indirectly engulfed in the global credit crunch.
  2008-02-19 07:26:00

• Seoul stocks fall; oil hits exporters, airlines (The Economic Times)

  Seoul stocks fell 1.2 per cent on Wednesday, hit by fuel cost-sensitive stocks such as Korean Air after oil prices rose to a record, while exporters dropped on worries high energy costs could fan inflation and dent spending.
  2008-02-19 07:30:52

• Housing Slowdown Hits Towns at the Outskirts of Texas Boom (New York Times)

  Texas as a whole is booming, but across the state?s outermost exurbs, formed by waves of new housing, building has ground almost to a halt.
  2008-02-19 07:31:23

• More Americans tap retirement accounts to make ends meet (St. Louis Post-Dispatch)

  Trent Charlton knew the risks when he borrowed $10,000 from his 401(k) and cut his retirement savings in half.
  2008-02-19 07:48:52

• Remodeling on decline nationwide

  Dallas Morning News - Dallas-area mortgage broker Larry Kelley said he's seen a dramatic falloff in the number of people refinancing their home to take money out for remodeling or other purposes. "I can't remember when we did our last one," Mr. Kelley ...
  2008-02-19 09:15:00

• 12-year-old schoolboy killed trying to save friend in distress

  Gulf Times - The injured boy was then winched up and flown to hospital. He suffered scratches and bruises. Hayden’s mother and father, Gary and Hayley, live in Wigmore, Kent. Waller, 35, a mortgage broker, arrived in Austria yesterday afternoon but said he was ...
  2008-02-19 02:44:00

• Ski trip boy, 12, dies saving his friend from fall

  Evening Standard - Last night Hayden's father Gary, a 35-year- old mortgage broker, and his mother, Hayley, flew to Austria from their home in Gillingham to identify their son's body. They said they were "absolutely devastated" but did not blame the school in any way ...
  2008-02-19 03:20:00

• Banks retreat from '100%+' mortgages

  Guardian Unlimited - It looks like the writing is on the wall – for now at least – for these types of home loans," said David Hollingworth, adviser at mortgage broker London & Country. "Buyers cannot rely on house prices rising to be able to remortgage, at a later ...
  2008-02-19 09:43:00

• Putting the talent of others on display

  MLive.com - Vicki Brett-Gach was looking for a change a little more than a year ago when she started tinkering with the idea of starting a resumé service. For the former home-based mortgage broker, the industry was going downhill fast. She had a background in ...
  2008-02-19 10:34:00

• Motorcycle crash kills man who said 'skid in sideways' was way to go

  AZCentral.com - Scardina was on the board of directors of the Black Mountain Motorcycle Club, and worked as a mortgage broker in Scottsdale. According to his obituary, one of Scardina's favorite quotes was, "Life's journey is not to arrive at the grave safely in a ...
  2008-02-19 02:37:00

• How to tell if now is time to refinance

  MSNBC - When Elaine Chen, a 39-year-old marketing executive in New York, saw interest rates falling in January, she called her mortgage broker to see if she could get a lower rate to finance Manhattan condo. She estimated the lower rate could save her $300 ...
  2008-02-19 09:51:00

• Borrowers on 125% home loan deals face big jump in repayments

  Times Online - Melanie Bien, of Savills Private Finance, a mortgage broker, said: “In the current climate, lenders are really looking at affordability, so having a big unsecured loan with another lender may scupper borrowers’ chances of getting a new ...
  2008-02-19 01:54:00

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