Mortgage and Financial News From 2008-9-3 Page 7
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July factory orders stronger than expected (Reuters via Yahoo! Singapore News)
By Mark Felsenthal
2008-09-03 08:51:35 -
CORRECTED: July factory orders stronger than expected (EARTHtimes.org)
(Corrects second sentence of 10th paragraph to say payrolls are expected down for eighth straight month, not seventh)
2008-09-03 09:02:01 -
U.K. Pound Drops as Confidence Stays at Lowest in Four Years (Bloomberg.com)
Sept. 3 (Bloomberg) -- The pound traded near the lowest level since April 2006 against the dollar after a private report showed confidence among consumers stayed at the weakest in at least four years, adding to the case for interest-rate cuts.
2008-09-03 09:07:35 -
Many hoped for rate cut (Toronto Star)
JAMES DAW Business Columnist Canada’s monetary authorities stood on the sidelines today as jobs disappeared, the economy slowed and federal parties prepared to fight an election.
2008-09-03 10:46:50 -
July factory orders strong, August auto sales off (EARTHtimes.org)
WASHINGTON (Reuters) - New orders at U.S. factories jumped more than expected in July, a government report showed on Wednesday, but U.S. automakers reported dismal sales in August, raising fears of renewed economic headwinds.
2008-09-03 01:46:41 -
Mortgage Applications Rose Last Week - CNBC
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity climbed 7.5 percent to 453.1 in the week ended Aug. 29. It was the highest level since mid-July, and coincided with a decline in the average 30-year ...
2008-09-03 04:41:00 -
Mortgage market improves with new market-leading deals - Times Online
A number of competitive new deals have been announced by lenders, suggesting that conditions in the mortgage market might finally be easing. Yorkshire Building Society has announced new market-leading rates on loans of up to 75 per cent of a ...
2008-09-03 04:41:00 -
Rising Unemployment May Deepen US Housing Slump - CNBC
If the extraordinary and unpredictable haven’t completely crushed the housing market, the conventional and cyclical may yet finish the job. Much has been made of the popping of the real estate asset bubble and the entrenchment of the credit crunch ...
2008-09-03 07:33:00 -
Lower Rates, Incentives Benefit Homebuyers - Street.Com
The economy grew at a healthy 3.3% in the second quarter, according to the Bureau of Economic Analysis . Existing home sales ticked upward slightly, posting a 3.1% increase in July, according to the National Association of Realtors . Time to ...
2008-09-03 11:00:00 -
Jeffrey Feldman: VP Mess Hangs New Tag On McCain: 'Chaos' (HuffingtonPost)
Sooner or later, the American media and the American voter are going to look up from the salacious and seemingly endless scandals generated by Sarah...
2008-09-03 11:47:15 -
Rising rates take toll on GE Money (Business Standard India)
Rising interest rates took its toll on GE Money, once known as GE Countrywide Consumer Financial, which saw its net profit drop 81 per cent to Rs 10 crore in financial year 2007 from Rs 55 crore in FY06 despite a 21 per cent increase in revenue and 32 per cent growth in portfolio.
2008-09-03 11:56:15 -
Ford Sales Drop 26.5% As Slump Continues (Fox 12 Oregon)
Ford Motor Co. said its August sales dropped more than 26 percent as U.S. economic woes and high gas prices continued to batter the auto industry. The company also doesn't expect a sales rebound in the second half of the year.
2008-09-03 12:10:17 -
GMAC getting out of retail mortgage business (KWWL Iowa)
WATERLOO (KWWL) -- GMAC announced they are getting out of the retail mortgage business.
2008-09-03 12:14:03 -
How J.P. Morgan escaped the squeeze (Salon.com)
Was CEO Jamie Dimon a brilliant risk manager, or just not as dumb and greedy as everyone else on Wall Street?
2008-09-03 12:16:52 -
Ford Slump Goes On As Sales Down 26.5% (WFTV 9 Orlando)
Ford Motor Co. says its August sales dropped more than 26 percent.
2008-09-03 12:20:00