Mortgage and Financial News From 2008-10-25 Page 01
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In India, Global Crisis Is Not All Bad News - Washington Post
Resize GURGAON, India -- In the mortgage crisis that has enveloped much of the Western world in recent weeks, Manoj Malhotra's outsourcing company sees an enhanced business opportunity. As lenders in the United States and Europe move to firm up loans ...
2008-10-25 10:21:00 -
Local Address: Upside Down, but Standing - Washington Post
Think of them as the walking wounded. They are the homeowners who are upside down on their mortgages -- owing much more than their home is now worth. But they're still on their feet and still sending their payments each month. In this credit crisis ...
2008-10-25 10:21:00 -
Letters for Saturday, Oct. 25, 2008 (The Record)
Last week, in the midst of stock market meltdowns and election politics, a historic, bipartisan piece of legislation called the Fostering Connections to Success and Increasing Adoptions Act was quietly signed into law.
2008-10-25 09:15:50 -
Low metro property values have broad impact (Atlanta Journal-Constitution)
Tumbling real estate values in metro Atlanta will cut both ways in coming months, with many property owners likely due substantial tax breaks at the expense of already cash-starved local governments. Local officials fear the impact of what has so far been a localized issue — spreading in 2009 as Atlanta-area tax assessors begin capturing the downward spiral in real estate values. And the ...
2008-10-25 02:03:37 -
Lithwick: Why We Need Election Day Lawyers (Newsweek)
Both sides have elite lawyers on standby in case the election goes into constitutional overtime.
2008-10-25 04:42:44 -
Lawsuit claims Barclays is guilty of fraud (Independent)
Barclays shunted hundreds of millions of dollars of toxic mortgage assets into two secretive investment vehicles that it had created itself. It did this just as the collapse of two Bear Stearns hedge funds last year alerted executives to the extent of the coming troubles in the credit markets, according to a lawsuit.
2008-10-25 06:14:33 -
Wickliffe man indicted in mortgage fraud (The News-Herald)
A Wickliffe man is one of eight people indicted this week for mortgage offenses involving seven houses located in Cleveland, Cleveland Heights, Lyndhurst, Moreland Hills and Pepper Pike.
2008-10-25 06:52:45 -
Advertisement starts (Tiscali)
for the Palestinians, as Bush has urged him to do over this past year. Livni huddled with advisers for hours after the religious Shas party rejected a coalition pact on Friday.
2008-10-25 07:18:38 -
Early election tipped for Israel (TVNZ)
Israeli Foreign Minister Tzipi Livni called off her efforts to form a new governing coalition on Saturday and will recommend holding an early parliamentary election after a key party backed out of talks, officials said.
2008-10-25 10:39:54 -
Claims of debt fraud soaring (The Palm Beach Post)
First, Roberta Krassner's husband died. Then she was diagnosed with cancer. Finally, a debt relief company called and offered her some good news: help with the five-digit balance on her credit cards and renegotiating her adjustable-rate mortgage to a fixed rate.
2008-10-25 11:01:36 -
Fresh Tumult as Signs of Recession Go Global - Wall Street Journal
There are no safe havens from the forces battering the global economy any longer. In rich countries and poor countries alike, markets are plunging, companies are scrambling for credit and cutting their growth plans and consumers are keeping cash in ...
2008-10-25 01:53:00 -
Real estate takes a beating - Times of India
AHMEDABAD: Real estate stocks fell like nine pins on Friday as investors panicked and jettisoned their stocks at whatever price the markets gave them. Amidst free fall in the markets, stock price of Unitech halved and settled at Rs 30.10 with a loss ...
2008-10-25 01:53:00 -
Rupee knocked down under 50 - Times of India
NEW DELHI: Rupee's downward movement continued on Friday as it dipped to an all time low of Rs 50.15 per dollar, breaching the psychological barrier. The Indian currency has fallen by around 25% in the last six months. However, RBI governor D ...
2008-10-25 01:53:00 -
Good news has to wait: No interest rate cuts this Diwali - IBN LIve
HOME TRUTHS: Demand for home loans has also gone down significantly. New Delhi: Finance Minister P Chidambaram has clearly indicated further steps RBI is likely to take to ease the money in the system. But the multiple steps taken by the RBI have ...
2008-10-25 05:25:00 -
How finances will be hit - Financial Times
Although cuts to the Bank of England base rate will benefit homeowners on tracker mortgages, brokers say new mortgage rates are unlikely to mirror changes to the interest rate until funding pressures ease for banks. Until three-month Libor - the rate ...
2008-10-25 05:54:00