Mortgage and Financial News From 2008-10-17 Page 01
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Obscure Tax Breaks Increase Cost of Financial Rescue - Wall Street Journal
The $700 billion financial rescue package approved by Congress to shore up banks also carries a parallel bailout of the financial sector and other industries through a series of obscure tax breaks. Operating mostly under the radar screen, Congress ...
2008-10-17 09:27:00 -
As the economy sinks, pawnshops get busy - Atlanta Journal Constitution
Jenna Feistkorn relinquished a working laptop for just $40. The exchange at an Alpharetta pawnshop left her frustrated, but not ashamed. She needs the computer to look for a job. But it will remain off-limits until next week, when her father gets ...
2008-10-17 08:15:00 -
Boxer Pushing For More Help From Mortgage Lenders - KPIX-TV5
WASHINGTON (AP) ― Sen. Barbara Boxer on Friday pressed for action from 21 banks and lenders that an advocacy group has accused of insufficient support for at-risk homeowners in California. Boxer, D-Calif., sent letters to executives at the mortgage ...
2008-10-17 05:30:00 -
Think the Bailout Is Radical? Just Wait. - Washington Post
Federal Reserve Chairman Ben Bernanke addresses the the National Association for Business Economics' 50th annual meeting. (Chip Somodevilla - Chip Somodevilla/Getty Images) In the past month, the unprecedented has become routine. The Treasury ...
2008-10-17 07:03:00 -
Builders Help Buyers to Help Themselves - Wall Street Journal
Home builders are working with potential buyers, enrolling them in programs that address everything from credit-report errors to managing debt, in order to raise their credit scores so they can qualify for a mortgage or a better interest rate. It is ...
2008-10-17 06:56:00 -
Home loans going strong, albeit a bit tighter, in area - WKOW TV
Mortgage money remains available in southern Wisconsin to home buyers with adequate credit, despite the national credit crunch. "There's plenty of money for home loans out there," said Ron Steinhofer, manager of Marshall & Ilsley Bank's regional home ...
2008-10-17 06:28:00 -
Bank offers home loan at eight times joint salary - Guardian Unlimited
Bank of Scotland - part of HBOS, which is being bailed out by the taxpayer - lent a couple reliant on City bonuses eight times their joint salary to buy a "dream Sussex farmhouse." It agreed a £1.5m mortgage without investigating their earnings ...
2008-10-17 05:59:00 -
FBI arrests two in nationwide real estate scam involving Collier homes (Naples Daily News)
For years residents rotated in and out of the upstairs unit at 3860 Sawgrass Way in East Naples. At one point a restaurant owner brought some workers down and let them live in unit 2624. Most recently, a couple, who regularly argued late into the night, lived there, said Steve Schleicher, who lives in the unit below. “In the last five years, I think it’s changed hands at least four times,” ...
2008-10-17 09:08:11 -
Nonprofits in financial crossfire (Charleston Regional Business Journal)
Lenore McKenna runs a nonprofit organization that provides mortgage assistance to low-income people, but her contributors are pulling the plug.
2008-10-17 09:30:25 -
Why Now Is the Time to Help Your Heirs (WallStreet Journal via Yahoo! Finance)
The economy is a mess, home prices are reeling, and stocks have plunged. But these troubled times offer some of the best opportunities in years to transfer wealth to younger generations, without triggering much or any inheritance tax along the way.
2008-10-17 09:37:03 -
Emerson talks to Main Street business leaders about Wall Street (Park Hills Daily Journal)
FARMINGTON — The U.S. Congress had no choice but to try to stabilize the nation's fiscal situation when the group passed historic legislation just more than a week ago to bail out several large banks and try to steady a wobbling worldwide economy. That is what Missouri Eighth District US Representative Jo Ann Emerson, R-Cape Girardeau, told members of the Farmington Chamber of Commerce during ...
2008-10-17 09:38:04 -
A new motor for the world economy (Thailandnews.net)
George Soros pauses before speaking during a seminar at the World Economic Forum in Davos, Switzerland on Jan. 23, 2008. Nathan Gardels: Let's talk first about the nature of the crisis. Thanks to low...
2008-10-17 09:45:49 -
Housing help comes to Bridgeport (Connecticut Post)
The state's marathon run to keep people in their homes and put a bottom into the housing market continues today in Bridgeport at another housing fair where distressed borrowers can discuss their
2008-10-17 09:48:03 -
How We Got Here: It was a Deliberate Policy (GoldSeek.com)
Adrian Day’s reputation for discovering big winners adds credibility to the global investing pioneer’s insights, which he is sharing with The Gold Report via excerpts from recent articles in Adrian Day's Global Analyst . Discussing in Part 1 what led to the current crisis, he noted that the same folks who caused the problem by initiating unsustainable credit practices seem to have taken charge ...
2008-10-17 09:59:27 -
Home Hunters to Attend Atlanta Foreclosure Auction (FOX 5 News Atlanta)
ATLANTA (MyFOX ATLANTA) – The mortgage meltdown has led to some opportunities for people who are ready to buy a home. Thousands are expected at an auction this weekend to bid for more than 1,500 homes in Metro Atlanta.
2008-10-17 10:01:46