Mortgage and Financial News From 2008-3-25 Page 01
Previous Day: 2008-03-24
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State's fiscal picture dims (Boston Globe)
As the sputtering economy sends shocks from Wall Street to Main Street, the reverberations are being felt on Beacon Hill, where key officials acknowledged yesterday that the signs are bad and the future may be even worse.
2008-03-25 10:55:17 -
Hines unit is buying Galleria area's Williams Tower (Houston Chronicle)
A subsidiary of Hines Real Estate Investment Trust is buying Williams Tower, the Galleria-area landmark developed in the early 1980s by the company founded by Gerald Hines. The 64-story skyscraper is expected to sell for $271.5 million when the deal closes on May 1, according to a document filed with the Securities and Exchange Commission.
2008-03-25 10:57:43 -
Credit woes put student loans in jeopardy (Houston Chronicle)
The nation's credit crunch is taking a toll on a sector of the population that tends to be unemployed and untested when it comes to repaying debt: college students.
2008-03-25 10:59:24 -
Television - Business (Scoop.co.nz)
Finance Minister Michael Cullen says National is likely to promise bigger tax cuts than Labour - but he says if they do, the National Party would risk eroding New Zealand’s economic platform.
2008-03-25 11:02:21 -
Nation's economy showing a mix of illness, optimism (Tallahassee Democrat)
Were it not so serious, the economy would be akin to an I Love Lucy episode: faced with a late mortgage payment and a sugar bowl nearly empty of cash, Lucy seeks a job. Hijinks — and stress — ensue.
2008-03-25 11:08:00 -
Subprime crisis hit ABC's profit in 2007 (MENAFN)
Subprime crisis hit ABC's profit in 2007
2008-03-25 11:09:39 -
Uproar Greets McCain Plan On Housing (The New York Sun)
WASHINGTON — Senator McCain is calling for a meeting of the nation's top mortgage lenders as part of a solution to the rise in home foreclosures, saying the bankers should look to the example of General Motors, which offered 0% financing on new cars after the terrorist attacks of September 11, 2001. "We need a similar response by the mortgage lenders," Mr. McCain, the likely Republican nominee ...
2008-03-25 11:19:28 -
4 More Arrests Made In Mortgage Investigation (The Tampa Tribune)
Four people were arrested Tuesday in a multi-million-dollar mortgage fraud scheme, state and local authorities said.
2008-03-25 09:24:24 -
Taxpayers May Be Liable for Billions From Bear, Mortgage Rescue (Bloomberg.com)
March 26 (Bloomberg) -- Even as the Bush administration insists it won't risk public funds in a bailout, American taxpayers may already be liable for billions of dollars stemming from Federal Reserve and Treasury efforts to quell a financial crisis.
2008-03-25 09:25:14 -
Jumbo Lender’s Shares Rise 36% on Private Placement (NYTimes.com via Yahoo! Finance)
Shares of Thornburg Mortgage jumped after the company disclosed plans to raise $1.35 billion.
2008-03-25 09:39:32 -
Clear Channel May Decline on Concern Buyout Could Collapse (Bloomberg.com)
March 26 (Bloomberg) -- Clear Channel Communications Inc. may fall in New York Stock Exchange trading on investor concern that the radio broadcaster's $19.5 billion private-equity buyout is in danger of falling apart.
2008-03-25 09:40:15 -
How safe is it? (Moneymanager)
Central banks overseas have intervened to rescue investment banks and mortgage lenders caught in the global credit crunch but what would happen in the unlikely - but not impossible - event that an Australian savings bank suffered a crisis?
2008-03-25 09:50:34 -
Broward housing market still bleak (Sun-Sentinel)
South Florida's housing market looks worse now than it did at the end of a brutal 2007.
2008-03-25 09:54:00 -
Boat ramp demand, fees fall short of expectations (Bradenton Herald)
The sunny days of Florida winter reflect off sparkling Lake Uihlein, but where are the boaters to enjoy it?
2008-03-25 09:54:57 -
U.S. New Home Sales Probably Fell to 13-Year Low Last Month (Bloomberg.com)
March 26 (Bloomberg) -- Sales of new homes in the U.S. probably fell in February to the lowest level in almost 13 years, economists said ahead of a government report today.
2008-03-25 09:55:37