Mortgage and Financial News From 2008-11-17 Page 01
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When couples split, no one wants the house (The Palm Beach Post)
During the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the ''marital asset'' was easy, since homes were selling in a day or two for inflated prices.
2008-11-17 12:21:35 -
Tea Fire Takes Conejo Road Residents by Surprise (Santa Barbara Independent)
UPDATE: Montecito Fire Department Chief Kevin Wallace responds to alleged blocking of Sycamore Canyon gate.
2008-11-17 12:22:59 -
Voices of the Evacuated (Santa Barbara Independent)
UPDATED CONTINUOUSLY: Accounts from witnesses and people most affected by the Tea Fire.
2008-11-17 02:53:00 -
BHP risks losing balance on regulatory tightrope (Financial Times)
The European Commission’s objections to BHP Billiton ’s $80bn hostile bid for Anglo-Australian mining rival Rio Tinto will spill into the public domain this month with the regulator tipped to demand the sale of iron ore assets as a prerequisite for its blessing.
2008-11-17 04:57:59 -
Begging for Bailout Cash, U.S Cities Told to Go Fish: Joe Mysak (Bloomberg)
Nov. 18 (Bloomberg) -- You can't blame U.S. cities for eyeing the federal government's open vault and asking for a bailout, too. Atlanta, Detroit, Philadelphia and Phoenix have all asked in recent days for some of the Troubled Asset Relief Program billions. You can expect more to ask.
2008-11-17 11:28:41 -
Citigroup to help at-risk borrowers by easing mortgage terms - update - RTT News
(RTTNews) - Banking giant Citigroup, Inc. (C: News ) Tuesday unveiled a series of initiatives, including a Homeowner Assistance program and the extension of its foreclosure moratorium practice, to help potential at-risk borrowers who are current on ...
2008-11-11 02:03:00 -
3 banks raise non-resident deposit rates - Express India
Mumbai, Nov 17 Banks and housing finance companies have started acting on the series of measures announced by the Reserve Bank on Saturday. While major banks have hiked their forex deposit rates, housing finance companies (HFCs) are readying plans to ...
2008-11-17 04:15:00 -
Mortgage Industry Veteran Launches National Loan Auditors - PR Inside
www.nlaudit.com - Chief executive officer, August Blass, announces the launch of Walnut Creek, Calif.-based cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww .. , a company providing quality control, pre-close, and post-close auditing ...
2008-11-17 03:03:00 -
Prescience on the CRA and the current financial debacle - Hotair.com
Two months ago , I noted how a September 1999 article in the Los Angeles Times praising the Clinton administration’s enforcement efforts of the Community Reinvestment Act inadvertently showed how they created the housing bubble by praising all of ...
2008-11-17 04:01:00 -
How to Help People Whose Home Values Are Underwater - Wall Street Journal
More than 12 million homeowners now have mortgage debt that exceeds the value of their homes. These negative-equity homeowners have an incentive to default because mortgages are generally "no recourse" loans. That means creditors can take the ...
2008-11-17 09:16:00 -
An Explanation of the Current Financial Crisis - Huffingtonpost.com
This past weekend's summit of world leaders in Washington represents another step in the painful process of fixing today's financial crisis. As our leaders go about this formidable task they would be well advised to consider some of the unintended ...
2008-11-17 04:44:00 -
IndyMac Federal Bank, FDIC, Mayor Antonio Villaraigosa and Los Angeles Neighborhood Housing Services Announce First ... (Business Wire via Yahoo! Finance)
PASADENA, Calif.----IndyMac Federal Bank , the Federal Deposit Insurance Corporation , the City of Los Angeles and the Los Angeles Neighborhood Housing Services are proud to announce the first in a series of free Home Preservation Days for customers of IMFB.
2008-11-17 06:23:00 -
Business (The West Australian)
Housing finance broker Mortgage Choice says profit in fiscal 2009 is likely to fall by up to 45 per cent on the previous year, in line with analysts’ forecasts.
2008-11-17 06:45:27 -
Analysis: Strings attached to auto bailout bills (The Holland Sentinel)
Democrats and Republicans alike want to impose stiff conditions on any bailout of the auto industry, from limiting executive compensation and outlawing dividends to demanding union concessions. That’s a sharp contrast to the big bank bailout, in which Congress and the Bush administration set few restrictions. Under the $700 billion financial rescue plan enacted last month, some large ...
2008-11-17 08:14:51 -
David M. Abromowitz: Homeownership Done Right (HuffingtonPost)
We heard very little during the campaign about what has succeeded at enabling hardworking families with average or below-average incomes to afford a home.
2008-11-17 08:31:59