Mortgage and Financial News From 2008-11-10 Page 01
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Former Lawrence restaurant, mill site plagued by financial woes (The Eagle-Tribune)
LAWRENCE — The future keeps getting bleaker at the site of the once-swanky eatery One Mill Street, reborn as Marco's on Mill Street before shutting down in May amid legal and financial woes. Enterprise Bank, which holds the nearly $1 million mortgage, is foreclosing on the property. The auction was set for Oct. 29, but postponed when the two feuding owners of the building, Starco Realty Trust ...
2008-11-10 11:37:57 -
Homeowners' new reality: You're suddenly poorer (The Globe and Mail)
When Pat Webb moved to Vancouver a year ago, she didn't think twice about buying a condo in tony Kitsilano, among the hottest neighbourhoods in the city's booming real estate market.
2008-11-10 11:39:57 -
Economy creates new variations of homeless (The St. Augustine Record)
Beryl Harris, a former travel writer, lost her St. Augustine Beach home this year when the economy tanked and she couldn't afford the mortgage payment any more.
2008-11-10 11:42:40 -
Paulson’s folly: Throwing good money after bad at AIG (Online Journal)
The Treasury is injecting another $27 billion into AIG and raising the taxpayers’ investment to $150 billon. Secretary Paulson appears more intent on helping his pals on Wall Street than protecting taxpayer interests.
2008-11-10 11:44:00 -
Blues offering fan 'bailout' promotion (The Telegraph)
ST. LOUIS (AP) - The St. Louis Blues are responding to tight economic times with a fan bailout plan.
2008-11-10 11:47:46 -
GM shares hit 60-year low (Tribune Chronicle)
DETROIT - Bad news kept piling up for General Motors Corp. Monday as its shares plunged to their lowest point in 60-plus years, and the company said in a government filing that the mortgage unit of its finance arm may not survive. The company also said Delphi Corp.
2008-11-10 11:50:16 -
Fannie, Freddie Said to Increase Efforts to Cut Foreclosures (Bloomberg)
Nov. 11 (Bloomberg) -- Fannie Mae , Freddie Mac and housing industry officials plan a new mortgage modification program designed to cut payments for hundreds of thousands of homeowners facing foreclosure, according to people briefed on the matter.
2008-11-10 11:51:18 -
AIG Leads Insurance Losses as Global Tally Nears $1 Trillion (Bloomberg)
Nov. 11 (Bloomberg) -- American International Group Inc. has led North American insurers to more than $120 billion in debt- market losses, helping to push the tally for the world's biggest financial firms toward the trillion-dollar mark.
2008-11-10 11:55:10 -
APNewsBreak: Gregoire pushes immediate stimulus (Seattle Times)
Gov. Chris Gregoire, diving into her second term after a convincing election victory, is pushing a $300 million economic relief package aimed at helping families who are struggling to make ends meet.
2008-11-10 11:58:32 -
Larionov knows about Hall now (Contra Costa Times)
The former Shark had no knowledge of the honor when he played behind the Iron Curtain
2008-11-10 11:59:16 -
In Credit Unwind, Earnings Estimates Are Shots in the Dark - MSN MoneyCentral
Federal National Mortgage Association ( FNM ) Stock Quote , Chart , News , Add to Watchlist It’s often said that "hope is a poor roadmap to success" - an adage perhaps truer in investing than anywhere else. I admit, I’ve sometimes found myself ...
2008-11-10 09:07:00 -
Why Not All Mortgage Brokers Are Equal - Best Syndication
It is your broker's job to compare best mortgage quotes on your behalf. However, it is important to understand that - although they are obliged under the Financial Services Authority's regulations to procure the best deal for you - they only have to ...
2008-11-07 01:49:00 -
More lenders vow to pass on interest rate cut - Metro.co.uk
A flurry of lenders have announced they will pass on yesterday's interest rate cut in full to their mortgage customers after coming under immense Government pressure to make the move earlier today. Nationwide, Halifax, Royal Bank of Scotland and ...
2008-11-07 09:03:00 -
G-20 Ready to Urgently Boost Growth, Stimulus Needed (Update1) - Bloomberg
Nov. 9 (Bloomberg) -- The Group of 20 nations is prepared to act ``urgently'' to bolster growth and called on governments to cut interest rates and raise spending as the world's leading industrialized economies battle the threat of a recession. ``We ...
2008-11-09 12:00:00 -
Cleaning up your credit to get by during crunch (Provo Daily Herald)
No doubt you've been hearing a lot about this credit crunch, but do you know what it actually means for you as a consumer?
2008-11-09 02:12:53