Mortgage and Financial News From 2008-10-31 Page 01
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1 in 5 Homeowners Have 'Underwater' Mortgages - NewsMax.com
NEW YORK – Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows. About 7.63 million properties ...
2008-10-31 07:44:00 -
J.P. Morgan Chase to halt new foreclosures for 90 days - San Francisco Business Journal
J.P. Morgan Chase & Co. won’t put any more homes into foreclosure for the next 90 days while it implements a plan to help borrowers stay in their homes. The plan will include proactive offers to refinance mortgages on more affordable terms and a ...
2008-10-31 05:42:00 -
Stimulus package coming again – Get Your Refund - Best Syndication
(Best Syndication News) Remember when you received tax rebates of $600-$1200 this year? Now be prepared for a second round. Lawmakers are in talks next week to release details of new stimulus packages to help economy. The previous package of $168 ...
2008-10-31 07:23:00 -
As Seen On TV? Not Exactly - Washington Post
No min. $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 ...
2008-10-31 03:19:00 -
AIG's aircraft lessor OK'd for Fed funding facility - MSN MoneyCentral
NEW YORK (Reuters) - American International Group Inc's aircraft leasing unit has been approved to participate in the U.S. Federal Reserve's commercial paper funding facility. International Lease Finance Corp, in a filing with the U.S. Securities and ...
2008-10-31 04:16:00 -
Ukraine parliament approves IMF package - Financial Times
Ukraine’s parliament late on Friday adopted a package of legislation intended to secure a $16.5bn (€12.6bn, £10bn) standby loan from the International Monetary Fund. Ukrainian officials said the IMF loan and related ”anti-crisis legislation ...
2008-10-31 07:44:00 -
Crisis Forces Banks To Sweeten Offers (The Moscow Times)
01 November 2008 By Maria Levina / Special to The Moscow Times One only has to look over Standard & Poor's ratings list of commercial banks operating in Russia to see that lately life for them has been no slice of apple pie.
2008-10-31 05:00:04 -
$19.3bn guarantee for German property bank (Gulf Daily News)
FRANKFURT: German property lender Hypo Real Estate (HRE) has obtained a 15 billion euro ($19.3bn) state loan guarantee under a government rescue plan for banks.
2008-10-31 05:12:38 -
AIG taps $20.9B in additional Fed credit line (Tucson Citizen)
CHARLOTTE, N.C. - American International Group Inc. has reduced the amount it owes the U.S. government by $6.8 billion after the insurance company was granted access to the Federal Reserve's new commercial paper program.
2008-10-31 05:40:19 -
AIG taps $20.9B in additional Fed credit line (The Arizona Republic)
AIG taps $20.9B in additional Fed credit line.
2008-10-31 05:40:36 -
Waynesville adds $200,000 to building loan (Waynesville Daily Guide)
Following major concerns about employee safety and a possible building collapse, Waynesville councilmen voted in a Thursday evening special session to refinance an existing utility loan that will provide about $200,000 to replace flood-damaged Parks Department and Street Department buildings.
2008-10-31 06:34:30 -
Independent News to sell off APN stake (TVNZ)
Independent News & Media plans to sell its stake in APN News & Media to cut its debt by about 800 million euros ($1 billion), sending Independent News shares 40% higher.
2008-10-31 07:52:09 -
Bailout could turn tables on Russia's oligarchs (San Diego Union-Tribune)
They amassed some of the world's biggest fortunes in the wild privatizations of Russia's post-Soviet chaos and the oil boom that followed. Now some of Russia's richest men are facing the choice of losing some of their empires or pleading at the Kremlin's doors for a bailout.
2008-10-31 08:07:51 -
A Rescue Hindered by Politics (New York Times)
There are serious, smart plans to help struggling homeowners. And yet one plan is still missing. Where, oh, where is the government?s plan?
2008-10-31 08:09:37 -
Supporting question three supports maintaining water quality and (Boothbay Register)
On the Boothbay peninsula and throughout the counties of Maine, voters will decide the fate of three referendum issues on November 4.
2008-10-31 08:37:05