Mortgage and Financial News From 2008-6-3 Page 10

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• Overnight business summary: Investors await Fed chief comments (The Sarasota Herald-Tribune)

  NEW YORK - Wall Street headed for a narrowly mixed opening
  2008-06-03 06:52:06

• Credit Market Crisis May Continue to Keep Buying Interest Subdued - RTTNews Daily Market Analysis (Nasdaq)

  (RTTNews) - The major U.S. index futures are pointing to a higher opening on Tuesday. Nevertheless, fears over continuing turmoil in the credit market may linger on, thereby preventing any real pick up in buying interest despite yesterday's sharp declines.
  2008-06-03 06:55:26

• Prominent Businessman Found Dead In Mansion (CBS 5 Phoenix)

  A Phoenix businessman and philanthropist is found dead Monday at his Camelback mansion.
  2008-06-03 07:17:24

• IMF Executive Board Concludes 2008 Article IV Consultation with the Kingdom of the Netherlands—Netherlands (IMF)

  On May 21, 2008, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Kingdom of the Netherlands—Netherlands.
  2008-06-03 07:32:08

• 'WORSE BEFORE IT GETS BETTER' (Estate Agency News)

  THE effects of the credit crunch on the estate agency industry are set to get worse before there is any sign of the situation improving, according to the latest forecasts by the Council of Mortgage Lenders.
  2008-06-03 07:42:19

• Toll Reports Third Straight Loss on Land Writedown (Update3) (Bloomberg.com)

  June 3 (Bloomberg) -- Toll Brothers Inc. , the largest U.S. luxury-home builder, reported its third straight quarterly loss as tumbling demand forced the company to write down land values.
  2008-06-03 07:59:03

• SBAB, Vasakronan attract interest -Sweden's Odell - Reuters

  STOCKHOLM, June 3 (Reuters) - Swedish Financial Markets Minister Mats Odell said on Tuesday the government's planned sales of mortgage lender SBAB [SBAB.UL] and real estate firm Vasakronan [VASA.UL] were attracting good interest. Odell, in a ...
  2008-06-03 06:44:00

• Money Makeover: Checking in with the Flemings a year later (Bankrate.com)

  Last year , Phil and Stacey Fleming saw the balance on their option adjustable-rate mortgage increase by $30,000. An option ARM permits borrowers to choose how they wish to make their payments each month: a traditional, fully amortizing payment; an interest-only payment; or a minimum monthly payment that is often not enough to cover the interest due.
  2008-06-03 03:56:26

• Scots property market holding up (BBC News)

  The mortgage market in Scotland is in much better shape than the rest of the UK, according to the Council of Mortgage Lenders.
  2008-06-03 04:46:49

• Libor rates steady as spreads pressured by credit woes (Reuters via Yahoo! UK & Ireland News)

  London interbank offered rates (Libor) were relatively steady on Tuesday but spreads over secured lending rates remained pressured with markets fearful of more credit-crunch related bad news to come ahead of the end of the second quarter.
  2008-06-03 05:20:00

• Remarks on the economic outlook (Federal Reserve Board)

  As you know, financial markets in the United States and in a number of other industrialized countries have been under considerable strain since late last summer. Financial market conditions have in turn affected economic prospects, most notably by affecting the cost and availability of new credit.
  2008-06-03 06:12:10

• Dakota Oil Fields of Saudi-Sized Reserves Make Farmers Drillers (Bloomberg.com)

  June 3 (Bloomberg) -- John Bartelson, who smokes Marlboro Lights through fingers blackened with tractor grease, may look like an average wheat farmer. He isn't. He's one of North Dakota's new oil barons.
  2008-06-03 06:32:21

• IMF Strauss-Kahn:Still Facing Economic Consequences Of Crisis (The Forex Market)

  ROME -(Dow Jones)- The worst of the financial crisis that began in the middle of last year may be over, but its economic consequences will linger, International Monetary Fund Managing Director Dominique Strauss-Kahn said Tuesday.
  2008-06-03 06:42:51

• Bottom line for Main Line bilker: 6 1/2 years in jail - Philadelphia Daily News

  A Bryn Mawr businessman was sentenced to 6 1/2 years in jail yesterday for his role in a scheme to bilk homeowners, finance companies and title insurers in connection with mortgage refinancings. Jay Berger, 56, of Bryn Mawr, apologized to the ...
  2008-06-02 11:56:00

• Young Hot Rod - Billboard

  When rapper 50 Cent came up through the world of underground mixtapes, he set a standard most rappers would follow, at least the ones who weren't making their names on the live rap battle circuit. Phoenix, AZ, native Young Hot Rod -- originally known ...
  2008-06-03 05:11:00

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