Mortgage and Financial News From 2008-2-12 Page 3

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• Lenders to Offer Reprieves To Delinquent Borrowers

  Washington Post - It also includes foreclosures triggered by home-equity loans, prime loans and second liens. Modifications to loans would ... of foreclosures, which cost lenders millions of dollars and are expected to increase as subprime borrowers face interest rate ...
  2008-02-12 09:55:00

• Rush Enterprises, Inc. Reports Fourth Quarter and Year End 2007 ...

  MSN MoneyCentral - SAN ANTONIO, Feb. 12, 2008 (PRIME NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the ... in the new and used truck and construction equipment markets, customer relations, relationships with vendors, the interest rate ...
  2008-02-12 03:00:00

• Ohio program provides low-interest loans for small businesses

  Vindicator - If a bank is offering a business a loan based on the prime rate of 6 percent, the state program would reduce that rate to 3 percent. On a maximum loan of $400,000, the interest rate savings would be $12,000 a year. Geiger said the lower interest rate ...
  2008-02-12 03:50:00

• Holden Beach looking for Town Hall funding

  Myrtle Beach Online - A slowing economy and the lowering of the prime interest rate means that money should be readily available. And Commissioner Gary Staley said it could come at an even lower interest rate than what Waccamaw was offering. He said he has had a ...
  2008-02-12 07:46:00

• Commonwealth Bank shares tumble despite $2.3b profit

  News.com.au - ... unemployment low, supporting demand for credit, and giving Australian homeowners the ability to weather an interest rate storm. Higher funding costs for the world's banks, caused by a global aversion to risk that was triggered by the US sub-prime ...
  2008-02-12 09:12:00

• Subprime impact: Who will rate the rating companies?

  Economic Times - Isn’t there a conflict of interest in being paid by the very people (the issuers) who want you to rate their securities? This is a thorny question, all right, but I don’t see how you get around it, at least if you want a municipal-bond market ...
  2008-02-12 09:05:00

• Private banks will also have to cut rates soon - Sify

  Private banks will also have to cut rates soonSify, India - 2 hours agoExpectations of a rate cut had risen following finance minister P Chidambaram's comments last month, directing banks to cut interest rates by 50 basis ...
  2008-02-12 08:17:27

• South Korean Bank Holds Interest Rates At 5% [] - RTT News

  South Korean Bank Holds Interest Rates At 5% []RTT News, NY - 2 hours agoPledging to "turn a new page" in history, Prime Minister Kevin Rudd apologized in parliament to all Aborigines for laws and polices that "inflicted profound ...
  2008-02-12 08:19:15

• Briefcase: Cycling through market's movements - WA Business News (subscription)

  Briefcase: Cycling through market's movementsWA Business News (subscription), Australia - 2 hours agoOften the market top coincides with a rise in interest rates and indeed, the top of the 2007 bull market was signalled by the sub-prime crisis, ...
  2008-02-12 08:54:53

• Lenders to Offer Reprieves To Delinquent Borrowers - Washington Post

  Lenders to Offer Reprieves To Delinquent BorrowersWashington Post, United States - 1 hour agoIt also includes foreclosures triggered by home-equity loans, prime loans and second liens. Modifications to loans would be made on a case-by-case basis, ...
  2008-02-12 09:07:23

• New CCDC2 includes significant changes - Journal of Commerce

  New CCDC2 includes significant changesJournal of Commerce, Canada - 1 hour agoPayment – Under Article A-5 interest rates on unpaid amounts will now be two per cent above the prime rate for the first 60 days and four per cent above the ...
  2008-02-12 09:21:15

• State subsidizing rate on small-business loans - Youngstown Vindicator

  State subsidizing rate on small-business loansYoungstown Vindicator, OH - 1 hour agoIf a bank is offering a business a loan based on the prime rate of 6 percent, the state program would reduce that rate to 3 percent. ...
  2008-02-12 09:27:30

• Treasury seeks to stem second wave of foreclosures - Washington Times

  Treasury seeks to stem second wave of foreclosuresWashington Times, DC - 1 hour agoThe Treasury Department rolled out a program with major lenders to offer a 30-day pause on foreclosures to potentially millions of prime mortgage holders ...
  2008-02-12 09:31:43

• Holden Beach looking for Town Hall funding - Myrtle Beach Sun News

  Holden Beach looking for Town Hall fundingMyrtle Beach Sun News, SC - 1 hour agoA slowing economy and the lowering of the prime interest rate means that money should be readily available. And Commissioner Gary Staley said it could come ...
  2008-02-12 09:35:50

• Business Higlights Feb. 13, 2008 - Marshalltown Times Republican

  Business Higlights Feb. 13, 2008Marshalltown Times Republican, IA - 1 hour agoThe new program will be available to the holders of all types of mortgages from prime to subprime and represents a widening of an initiative announced by ...
  2008-02-12 09:41:47

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