Mortgage and Financial News From 2008-10-13 Page 2
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McCain adviser describes mortgage plan to students (Advance Titan)
Senior adviser to Sen. John McCain and former UW-Oshkosh economics professor Ike Brannon lectured to the audience on McCain’s new economic plan and stance on policy issues Thursday night in Reeve Union Theater.
2008-10-13 08:54:17 -
Lubbock's Congressman does not represent us (The Daily Toreador)
In this election, there has been a lot of talk, and argument, about the presidential nominees. Everyone has an opinion on the candidates, and some of us are lucky enough to be able to express our opinions in newspapers. All this talk, as important as it may be, has seemed to drown out the local elections.
2008-10-13 08:57:04 -
Japan, Australia Add $12.9 Billion to Ease Global Credit Crunch (Bloomberg)
Oct. 14 (Bloomberg) -- Japan and Australia pumped $12.9 billion into money markets after European leaders agreed to guarantee new debt from financial institutions and use taxpayers' money to keep lenders afloat.
2008-10-13 08:58:05 -
China, Malaysia, Philippines, Thailand: Asia Local Bond Preview (Bloomberg)
Oct. 14 (Bloomberg) -- The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.
2008-10-13 08:58:47 -
U.S. Financial Crisis Leading to Violence - The Ledger
In Massachusetts, a housewife who had hidden her family's mounting financial crisis from her husband sends a note to the mortgage company warning: "By the time you foreclose on my house, I'll be dead." Then Carlene Balderrama shot herself to death ...
2008-10-13 05:44:00 -
Bank of America to slash mortgage payments - CNN Money
NEW YORK (CNNMoney.com) -- A plan announced today by Bank of America will be the most aggressive foreclosure prevention effort ever undertaken by a U.S. bank. The program, scheduled to start in December, will be open to distressed borrowers who ...
2008-10-06 12:44:00 -
Bush to announce expanded bank bailout details - Seattle Post Intelligencer
WASHINGTON -- The Bush administration plans to spend as much as $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy ...
2008-10-13 05:15:00 -
Radian Guaranty Launches New Program To Keep More People in Their ... - MSN MoneyCentral
Radian Guaranty, the mortgage insurance subsidiary of Radian Group Inc. RDN , announced today that it has established the Servicer Advocacy Group, a new program aimed at keeping more homeowners in their homes. Under the new program, Radian will lend ...
2008-10-13 10:20:00 -
19 stocks that couldn't catch a break (CNN Money)
Investors around the world cheered as stock markets experienced a broad-based recovery Monday from last week's dismal performance. But as the S&P 500 saw its best-ever point day a small group of stocks were left out in the cold.
2008-10-13 06:06:28 -
Markets surge (Ottawa Citizen)
Wall Street recorded its biggest rally since the 1930s Monday as governments around the globe pledged trillions of dollars to bail out the teetering financial system.
2008-10-13 06:07:48 -
Manic Monday: Dow Roars Back from Worst Week Ever (FOX 5 News Atlanta)
Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.
2008-10-13 06:22:03 -
Treasury to take $250 billion stake in banks to infuse capital (USA Today)
The Treasury Department will announce today a dramatic revamping of its $700 billion plan to rescue ailing financial firms, quickly using up to $250 billion to buy stock in banks, including nine of the biggest U.S. financial institutions.
2008-10-13 06:50:31 -
Foreclosures present painful opportunity (Connecticut Post)
The foreclosure crisis has given birth to the twin realities of unprecedented opportunity and overwhelming need for affordable housing advocates.Foreclosed properties are coming on the market at
2008-10-13 06:54:30 -
Local lenders making money, loans the old-fashioned way (Minneapolis-St. Paul Star Tribune)
While big Wall Street "money centers" tumble on bad bets and frozen credit, community banks and their customers are doing fine.
2008-10-13 07:06:15 -
Both Sides of the Aisle Say More Regulation, and Not Just of Banks (New York Times)
The pro-regulation climate in the Treasury Department will probably spill over into other sectors.
2008-10-13 07:08:47