Mortgage and Financial News From 2008-10-19 Page 01
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Mortgage rate cut on cards as shares dive - Independent
Share Homeowners are poised to benefit from the first cuts in interest rates for four-and-a-half years, as a direct result of global stock market turmoil. The European Central Bank (ECB) is expected to begin cutting rates as soon as April, following ...
2008-10-13 01:14:00 -
Treasury will buy stock in banks; Asia, Europe bounce back - Miami Herald
WASHINGTON -- Putting more meat on the bones, the U.S. Treasury Department early Monday outlined its strategy for halting a widening financial crisis as markets in Asia and Europe rebound amid aggressive overseas government action. Treasury's new ...
2008-10-13 11:08:00 -
Jay Hancock - Baltimore Sun
High time for less fine print and more clarity October 18, 2008 C an you blame Wall Street for being confused? Each mortgage security polluting our economy often holds hundreds of loans from dozens of states. Recent columns Now on sale: the plan to ...
2008-10-17 07:53:00 -
Q&A: What the bail-outs mean for you - Financial Times
The government’s £37bn lifeline to Royal Bank of Scotland , Lloyds TSB and HBOS has had a mixed response. While the rescue plan is bad news for shareholders, there is potentially good news for borrowers, savers and pension funds. We explain what ...
2008-10-13 09:43:00 -
RBS's New Chief Hester to Reverse Goodwin's Growth Strategy - Bloomberg
Oct. 13 (Bloomberg) -- Stephen Hester , the new chief executive officer at Royal Bank of Scotland Group Plc , said he plans to sell assets and shrink the bank that went to the government for a 20 billion-pound ($35 billion) rescue. Hester, who sold 7 ...
2008-10-13 10:54:00 -
Avoiding foreclosure (Old Colony Memorial & Plymouth Bulletin)
The Plymouth Redevelopment Authority will help educate homebuyers and homeowners on how to avoid foreclosure with a $52,500 grant from the Department of Housing and Urban Development (HUD).
2008-10-18 03:18:44 -
Retirement notes: Make retirement savings the priority (The Kansas City Star)
In the push-pull between socking money away for college and retirement, financial planners say it’s smart financial planning to make retirement savings the priority.
2008-10-18 10:40:41 -
A lift for reverse mortgage market (Everett Herald)
One of the most significant developments in the history of reverse mortgages occurred recently when FHA Commissioner Brian Montgomery announced that a new single national limit had been set, eliminating geographical boundaries for many seniors in the country's most popular reverse mortgage program.
2008-10-18 11:53:22 -
Real Estate calendar 10/19 (Contra Costa Times)
Real estate classes for buyers, sellers and homeowners.
2008-10-19 02:16:59 -
Next step: how to regulate markets (The News Journal)
Once the smoke clears from the conflagration in the financial markets, Congress and the next presidential administration will face a new challenge: how to keep the next fire from burning down the house.
2008-10-19 03:09:33 -
Obama's false promises (Portsmouth Herald)
do not represent 'change'
2008-10-19 05:02:33 -
The free market and piggish capitalism (Haaretz Daily)
It's a rotten system and pigs will always be around. But it's the best system there is They say on Wall Street that bulls make money, bears make money, but pigs get slaughtered.
2008-10-19 07:32:34 -
The candidates and their promises - International Herald Tribune
McCain: Opposes scheduling a troop withdrawal from Iraq, saying latest strategy is succeeding. Promises to employ same strategy in Afghanistan, with unspecified boost in U.S. forces there. Willing to have permanent U.S. peacekeeping forces in Iraq ...
2008-10-19 07:30:00 -
Hungary Defends Its Finances - Wall Street Journal
BUDAPEST -- Hungary is fighting to persuade international markets it isn't the next Iceland. Hungarian authorities stepped up their efforts at the weekend to reassure nervous financial markets that the country can ride out the turmoil in the global ...
2008-10-19 08:34:00 -
The Next Meltdown: Credit-Card Debt - BusinessWeek
by Jessica Silver-Greenberg The troubles sound familiar. Borrowers falling behind on their payments. Defaults rising. Huge swaths of loans souring. Investors getting burned. But forget the now-familiar tales of mortgages gone bad. The next horror for ...
2008-10-08 07:57:00