Mortgage and Financial News From 2008-9-30 Page 7

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• Walter Industries, Inc. Announces Plan to Separate Financing Business ... - Forbes

  TAMPA, Fla., Sept. 30 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: WLT), a leading producer and exporter of U.S. metallurgical coal for the global steel industry, outlined today its plans to separate its Financing business from the ...
  2008-09-30 03:00:00

• Big cut on the cards for Reserve Bank of Australia - News.com.au

  Plunge: Shockwave rattles the globe Your super: Nest eggs take a hit Interest rates: Big cut on the cards Wall Street: Ugly day for USA Hip pocket: What it all means for you Get through it: Ten top tips Real world: How your life will change Vote now ...
  2008-09-30 02:46:00

• With banks in miser mode, credit markets stay taut - CNBC

  NEW YORK - Stocks are rebounding and a new bailout package could be coming soon, but the credit markets — where day-to-day borrowing occurs to keep the gears of the economy turning — are still stuck. Even relatively healthy businesses are being ...
  2008-09-30 02:46:00

• Hanover Capital Mortgage Holdings Announces Entry Into Definitive ... - Forbes

  EDISON, N.J., Sept. 30 /PRNewswire-FirstCall/ -- Hanover Capital Mortgage Holdings, Inc. (Amex: HCM) (the "Company" or "Hanover") announced today that on September 30, 2008, it had entered into a definitive agreement to merge with a subsidiary of ...
  2008-09-30 04:05:00

• Can you still get a mortgage? - BBC News

  The reality is that if you have got a good credit history, a good job and a deposit of 10%-15% (or a fair bit of equity in your home), then getting a mortgage will not be a problem. It is a myth that lenders have shut up shop, although it is easy to ...
  2008-09-30 03:36:00

• Stocks rally on hopes that help's on the way (Miami Herald)

  The Bush administration moved Tuesday to bolster confidence in U.S. financial markets, calling for a temporary rise in insurance on deposits in the nation's banks and relaxing a complicated accounting rule that banks insist has been a big part of their problems.
  2008-09-30 04:45:04

• Nader knocks bailout bill, urges start from scratch (Oakland Tribune)

  Independent candidate stumps in Bay Area
  2008-09-30 04:52:26

• Jeremy Warner's Outlook: UK Government may need to guarantee deposits (Independent)

  Banks, it is sometimes said, are only as safe as the ability of home governments to bail them out. Markets have deemed Ireland's banks so unsafe that the Irish government has had to honour this understanding by guaranteeing the deposits of six of its major players. Might Britain and other European countries be forced to follow suit?
  2008-09-30 05:02:34

• Savings flow to Irish accounts as Republic offers solid guarantee (Times Online)

  Savers on both sides of the Irish Sea started to empty accounts of UK banks and put the proceeds into Irish-owned banks in the wake of a controversial plan by the Republic of Ireland yesterday to guarantee all deposits.
  2008-09-30 05:08:20

• Affordable homes plan unveiled (comment on this story) (The Sudbury Star)

  Greater Sudburians who have given up hope of buying a house in the city's costly real estate market could soon rekindle home ownership dreams. [...]
  2008-09-30 05:12:23

• Tighter Credit Only Adds to Auto Industry?s Troubles (New York Times)

  With banks tightening up their lending, any hope for a recovery in vehicle sales this year has been dashed.
  2008-09-30 05:13:07

• Swan takes pressure off banks for full rate cut (Australian Broadcasting Corporation)

  Federal Treasurer Wayne Swan has stopped short of demanding banks pass on a full interest rates cut, following speculation the Reserve Bank could slash the rate by 50 basis points next week.
  2008-09-30 05:15:33

• Lewis: Congress must act (Victorville Daily Press)

  WASHINGTON — Rep.
  2008-09-30 05:16:01

• Viewers Voice: Voice your opinion on the bailout (KPAX Missoula)

  If you want to voice your opinion email us at news@ktvq
  2008-09-30 05:21:54

• Taiwan Stocks Due For Mild Recovery (INO News)

  (RTTNews) - The Taiwan stock market has finished lower now in four straight sessions, shedding nearly 500 points or 8 percent in that span.
  2008-09-30 05:32:36

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