Mortgage and Financial News From 2008-11-13 Page 01
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Napolitano seeks second stimulus to fund public works, increase ... - Phoenix Business Journal
Gov. Janet Napolitano told a congressional panel Thursday she wants to see second stimulus package focused on sending money to state and local governments and increasing federal funding for health insurance programs. Napolitano wants a stimulus to ...
2008-11-13 12:24:00 -
Rates on all mortgages fall across the board - San Diego Union-Tribune
Rates on 30-year fixed-rate mortgages fell to 6.20 percent for the week, down sharply from 6.46 percent last week, Freddie Mac reported in its nationwide survey. For 15-year fixed-rate mortgages, rates dropped to 5.88 percent from 6.19 percent. Rates ...
2008-11-07 04:31:00 -
Real-Time News - Newark Star-Ledger
• AC/DC rocks Madison Square Garden • AC/DC rocks Madison Square Garden • AC/DC rocks Madison Square Garden New Jersey's state budget shortfall has tripled to a staggering $1.2 billion because of the nation's economic woes, and it could soar to ...
2008-11-13 06:43:00 -
Nikkei rallies 4.3 pct after Wall Street rise - Guardian Unlimited
TOKYO, Nov 14 (Reuters) - Japan's Nikkei average rose 4.3 percent on Friday as a rally in U.S. shares triggered short-covering. Exporters gained as the yen took a breather after rallying sharply earlier in the week, with Honda Motor surging 6.4 ...
2008-11-13 08:16:00 -
FLIP OVER THE TARP - New York Post
Treasury Secretary Henry Paulson did an about-face on his rescue plan yesterday, sending jitters through the economy as Wall Street fretted over whether the captain of the $700 billion rescue package has complete control of the sinking ship. In a ...
2008-11-13 10:08:00 -
Mortgage rates drop for second week - Lexington Herald-Leader
WASHINGTON -- Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 ...
2008-11-13 05:10:00 -
Foreclosure: Don’t Be a Statistic (Crestline Courier)
The membership of what may be the fastest-growing club on the local scene is made up of San Bernardino County residents who’ve lost their homes to foreclosure, as the twin nemeses of lost jobs and unwise loans continue taking their toll.
2008-11-13 06:03:19 -
Paulson says Congress should aid automakers (Washington Post)
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson on Thursday encouraged Congress to come up with the funds to help ailing Detroit automakers, but stuck to his position that the government's $700 billion bailout fund is for financial institutions only.
2008-11-13 06:27:25 -
(AFX UK Focus) 2008-11-14 00:14 UPDATE 2-Paulson says Congress should aid U.S. automakers (Interactive Investor)
By David Lawder
2008-11-13 06:38:46 -
OECD says developed world in recession that will last through first half of 2009 (MSN Money Canada)
LONDON - The world's developed countries, hard hit by the financial crisis, have probably tipped into a recession that will last at least through the first half of 2009, according to new projections issued Thursday.
2008-11-13 06:49:32 -
New Jersey foreclosure rate intensified in October (The Star-Ledger)
The level of foreclosure activity in the state continued to intensify last month, showing a dramatic 75 percent increase over last year even as the number of properties actually going to auction dropped off slightly. Foreclosure filings on 8,473 properties...
2008-11-13 07:13:35 -
Bush speech sets tone for summit (MSNBC)
This weekend's summit of world leaders was supposed to generate ideas about how to repair battered financial markets. But the meeting is shaping up as a philosophical debates about the future of free market capitalism.
2008-11-13 07:36:56 -
Foreclosures, short sales drive home prices to lowest levels in years (San Diego Daily Transcript via Yahoo! News)
The median price of a resold detached home in San Diego County has dropped by 31.2 percent in the past year, but the sales have more than doubled during the same period.
2008-11-13 07:57:36 -
Banks are using bailout money for loans (Daily Vidette)
WASHINGTON (AP) - Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure.
2008-11-13 08:15:20 -
Can you flip a house for profit in this market? - ScrippsNews
If flipping a house in today's real estate market seems riskier than trekking with a ragtag band of hobbits to Mordor, take heart: Home flippers can still find plenty of opportunities, though they're not entirely without risk. It may seem ...
2008-11-13 04:34:00