Mortgage and Financial News From 2008-7-26 Page 01
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Inspection contingencies are a must - Elkhart Truth
Dear Benny: My mother was under contract to buy a foreclosed house from the bank. Before closing, she had the house inspected. During the time the house was being inspected, the heat and water system was shut off (I guess the former owners weren't ...
2008-07-26 08:22:00 -
Foreclosures rise; new-home sales stronger than expected - USA Today
WASHINGTON — Foreclosure notices more than doubled from a year ago, but sales of new single-family homes were stronger than expected in June, falling just 0.6% to a 530,000 annual pace, two separate reports showed Friday. Foreclosure filings rose ...
2008-07-25 07:30:00 -
Sweeping housing relief bill sent to Bush after approval by Senate - Los Angeles Times
WASHINGTON -- Congress completed work today Saturday on the government's most sweeping response yet to the nation's housing crisis, sending to President Bush a bill designed to help homeowners avoid foreclosure, spur home buying and prop up ...
2008-07-25 05:46:00 -
Housing rescue package approved (Lawrence Journal-World)
The Senate cleared a massive housing bill on Saturday designed to prop up the struggling U.S. housing market and put in place a U.S. backstop for giant mortgage-buyers Fannie Mae and Freddie Mac.
2008-07-26 10:39:47 -
Tar Heel Tally (The News & Observer)
How North Carolina lawmakers voted in Congress last week..
2008-07-26 10:47:14 -
Housing rescue bill heads to Bush's desk for signature (Houston Chronicle)
White House officials said President Bush is likely to sign it by midweek, despite his opposition to nearly $4 billion in aid to local communities.
2008-07-26 10:52:23 -
AP News in Brief - International Herald Tribune
Barack Obama meets Gordon Brown, Tony Blair on British leg of European and Middle Eastern tour LONDON (AP) — Presidential contender Barack Obama was meeting Saturday with British Prime Minister Gordon Brown on the last leg of his European and ...
2008-07-26 06:32:00 -
The sorry state of our economy - Asheville Citizen-Times
Carnegie Mellon University economics professor Allan Meltzer has served as a consultant on economic policy for Congress, the U.S. Treasury and the World Bank and has written “A History of the Federal Reserve,” part-one of his definitive history ...
2008-07-26 09:05:00 -
How the New Housing Legislation Affects You - US News and World Report
That wasn't so hard, was it? It only took the worst real estate slump in a generation, an economy grinding to a department-of-motor-vehicles pace, and a crisis of confidence in the heart of the mortgage finance system to get the gigantic housing bill ...
2008-07-26 08:58:00 -
Congress Helping Homeowners (WILX 10 Lansing)
Homeowner rescue awaits President Bush's signature.
2008-07-26 01:59:50 -
How One Borrower Beat the Foreclosure Machine (New York Times)
Who owns the note on a home when it is forced into foreclosure, often a murky question, is among the factors that have helped homeowners facing foreclosures to fight back.
2008-07-26 02:26:18 -
How the New Housing Legislation Affects You (US News & World Report)
The landmark measure has something for struggling homeowners, first-time buyers, and even seniors.
2008-07-26 04:08:38 -
Hong Kong stocks down after Wall Street slump - Forbes
Hong Kong stocks dropped sharply Friday, tracking Wall Street lower as investors sold energy-related stocks. The blue-chip Hang Seng Index lost 347.01, or 1.5 percent, to 22,740.71 points. It erased some of its losses as traders bought or covered ...
2008-07-25 05:36:00 -
Can Hank Paulson Defuse This Crisis? - New York Times
IF Henry M. Paulson Jr. hadn’t left Wall Street for Washington to become Treasury secretary in 2006, he would still be making tens of millions of dollars a year as the chairman of Goldman Sachs . He would be comfortably zipping around the globe on ...
2008-07-26 04:40:00 -
Australian stocks plunge after bank makes bad loan provisions; index ... - International Herald Tribune
SYDNEY, Australia : Australia's main stock index recorded its largest one-day fall in six months on Friday after one of the country's biggest banks announced additional losses linked to the global credit crunch. The benchmark S&P/ASX200 index fell ...
2008-07-25 01:32:00