Mortgage and Financial News From 2008-6-3 Page 4

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• Kenya's inflation rises to 31.5% in May (People's Daily)

  An increase in Kenya's food prices pushed up the country's annual inflation to 31.5 percent in May from 26.6 percent in April, a national statistics office said on Tuesday. A statement from the Kenya National Bureau of Statistics sa ...
  2008-06-03 06:48:36

• ECONOMY: Inflation moves up on Bernanke's worry list (North County Times)

  WASHINGTON -- Worried about high prices for energy, food and other things? Ben Bernanke is, too.
  2008-06-03 07:33:17

• Fed Chief Signals End to Rate Cuts (NYTimes.com via Yahoo! Finance)

  Ben S. Bernanke signaled that further interest rate cuts were unlikely because of concerns about inflation.
  2008-06-03 07:37:16

• UK consumer mood sours further (Stuff)

  British consumer confidence fell further in May as people got even gloomier about the current state of the economy, a new survey has shown.
  2008-06-03 07:44:45

• GDP data reassuring, minister says (The Courier Mail)

  UNEXPECTEDLY strong economic growth is reassuring news at a time of a global downturn, but inflation remains a concern, Finance Minister Lindsay Tanner says.
  2008-06-03 07:51:00

• Fed chief raises inflation concerns (Inside Bay Area)

  n Bernanke urges end to interest rate cuts as dollar sinks and oil and commodities soar
  2008-06-03 08:02:10

• Orders up on manufactured goods (Inside Bay Area)

  n News surprises analysts who had predicted a downward trend
  2008-06-03 08:02:20

• Letter to the editor: Reader analyzes turnpike lease plan (Public Opinion)

  Here are some numbers to consider when listening to Gov. Ed Rendell's plan to sell off a Pennsylvania asset. The deductions coming off the top of the lease deal amount to $5.8 billion dollars, not $3.6 as the governor claims.
  2008-06-03 08:21:15

• GM to Close Four Truck Plants, Shift Output to Cars (Update7) - Bloomberg

  June 3 (Bloomberg) -- General Motors Corp. , struggling to return to profit amid record gasoline prices , said it will close four truck plants, make more small cars, and may drop its Hummer brand of large sport-utility vehicles. Gasoline exceeding $4 ...
  2008-06-03 01:25:00

• Mass. sues H&R Block over mortgages to minorities - Forbes

  BOSTON (Reuters) - Massachusetts authorities sued H&R Block Inc Tuesday, charging that its mortgage unit discriminated against black and Latino borrowers and escalated a crisis over property foreclosures in the state. The lawsuit is the first by a U ...
  2008-06-02 05:58:00

• Falling prices 'help home buyers' - BBC Business

  Falling house prices might help tens of thousands of young working households to be able to buy a home this year for the first time, a report says. The analysts Hometrack say a 10% fall in prices will enable a fifth of those currently priced out of ...
  2008-06-03 04:10:00

• Fraud Hits Home (And Homes) In Las Vegas - Post Chronicle

  Mortgage fraud and high foreclosure rates go hand in hand, federal investigators in Las Vegas, Nev., said Tuesday. "That story is going on all over Las Vegas," FBI supervisory agent Scott Hunter told USA Today. Hunter called Las Vegas, which has a ...
  2008-06-03 05:57:00

• Scenes from the Mortgage Mess Family Narrowly Skirts Foreclosure - Wall Street Journal

  The homeowners: April Reed, 35, a real estate agent, and Eric Reed, 38, an electrician. The home: In October 2005, the Reeds bought a house for $294,000 in Chester, Calif., a small mountain community east of Chico, Calif., and west of Reno, Nev. The ...
  2008-06-03 03:05:00

• A New Emerald Is Fashioned for Boston’s Necklace (NYTimes.com via Yahoo! Finance)

  On the long-neglected site of a state mental hospital that closed more than two decades ago, a mixed-income community is under construction.
  2008-06-03 06:37:16

• Rating Firms Seem Near Legal Deal on Reforms (NYTimes.com via Yahoo! Finance)

  Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating firms are close to announcing a broad deal with the New York attorney general.
  2008-06-03 06:37:24

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