Mortgage and Financial News From 2008-6-29 Page 3
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Higher costs hits middle classes the hardest (Times Online)
The spiralling cost of living is hitting middle-class wallets harder than all other sectors of society, analysis by The Times suggests, with services such as nannies, public school fees, private healthcare and house cleaners rising on average at more than twice the official rate of inflation.
2008-06-29 04:32:27 -
Self-employed can set mortgage costs against tax, says HMRC (Independent)
HM Revenue & Customs has started allowing self-employed workers to offset their mortgage interest and council tax against their annual income tax bill; an expense that accountants have historically believed to be off-limits.
2008-06-29 05:47:47 -
June 29, 2008 To Members of the Interim Select Committee on Property Tax Relief and Appraisal Reform: (Wilson County News)
Property Tax & Appraisal Reform: Myth or Reality?
2008-06-29 07:03:54 -
Business (The West Australian)
The market is up 36 points. Resources are up 2.2 per cent following the strong moves in the UK and the US. Financials are down 0.3 per cent but being held up by BNB and MQG with good news on the banks’ waiver of BNB’s debt trigger clause.
2008-06-29 07:37:06 -
Currency Volatility Falls Most Since 1999 as Dollar Slump Slows - Bloomberg
June 30 (Bloomberg) -- Currency volatility fell by the most since 1999 this quarter, reducing the chances central bankers will seek to bolster the dollar. JPMorgan Chase & Co.'s index of implied volatility on dollar options against the euro, the yen ...
2008-06-29 05:55:00 -
Northern Rock borrowers face big jump in mortgage repayments - Times Online
Hundreds of thousands of Northern Rock borrowers are facing huge rises in their monthly mortgage repayments because they are trapped in deals with the beleaguered lender. In line with the business plan adopted when Ron Sandler was appointed chairman ...
2008-06-29 03:03:00 -
ACORN Members Work to Stop Foreclosures (PR Newswire via Yahoo! Finance)
ACORN has been fighting against predatory lending since 1999. ACORN members have engaged in outreach and education to help homeowners avoid becoming victims of predatory lending, led protests against specific lenders to win changes in their practices, and convinced regulators to crack down on the worst companies.
2008-06-29 04:17:00 -
Companies hold the key as UK recession looms (Daily Telegraph)
We all know about the forces battering UK consumers - softening real incomes, plunging house prices and falling credit availability. Although the recent official sales figures bizarrely suggested that retail sales grew strongly in May (do our statisticians live on the planet Zog, I wonder?), the reality on the ground is that consumer spending is under serious pressure.
2008-06-29 04:52:00 -
Building societies prepare to quit Council of Mortgage Lenders (Daily Telegraph)
Building societies are planning a mass defection from the Council of Mortgage Lenders over concerns that their voices are being drowned out by the banks.
2008-06-29 05:07:50 -
BIS renews slump fears as global economy pays the price (Daily Telegraph)
The central bankers' bank renews fear of second depression, writes Ambrose Evans-Pritchard.
2008-06-29 05:08:40 -
TPG woos key Bradford & Bingley investors before vote (Daily Telegraph)
Private equity firm Texas Pacific Group will meet leading Bradford & Bingley shareholders today to court their favour ahead of the bank's pivotal extraordinary general meeting next week.
2008-06-29 05:51:40 -
Company sees opportunity in Southwest Florida housing slump (Naples Daily News)
It’s a tough time to be in the mortgage business. But that doesn’t seem to faze the principals of a new company offering home loans in Southwest Florida. Called SouthView Mortgage Partners, the business is a joint venture between John R. Wood Realtors Inc. in Naples and Element Funding.
2008-06-29 06:18:07 -
June 2008 - Posts - MSNBC Firstread
WASHINGTON, D.C. -- McCain praised Iraq’s president Saturday for “significant but fragile progress” and said he is committed to continuing the work that needs to be done in the country. The Arizona senator met for 45 minutes with Iraqi ...
2008-06-28 11:08:00 -
Salmond is accused of litany of worthless pledges - Scotsman
UP TO 35,000 first-time buyers were told yesterday that the SNP's promise to give each of them a £2,000 grant to help buy a house had been ditched. The SNP went into last year's election with a clear pledge to provide the grant to help people get on ...
2008-06-25 05:53:00 -
Aiona aims to tap energy of Maui business - Maui News
WAILEA - Lt. Gov. James "Duke" Aiona called on members of the Maui Chamber of Commerce on Friday to help with innovative ways to stop Hawaii residents from sending $7.1 billion a year to foreign sellers of petroleum. "We must break that dependency ...
2008-06-27 05:57:00