Mortgage and Financial News From 2008-12-4 Page 01
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Mortgage plan shows increased gov't role - CNN Money
NEW YORK (Associated Press) - If you're looking for a mortgage, Uncle Sam may be the only game in town. The government has already increased its share of the mortgage market to around 90 percent from around 55 percent last year as Wall Street licks ...
2008-12-04 05:49:00 -
Give owners 5% mortgage and watch economy thrive - Atlanta Journal Constitution
FDIC Chairwoman Sheila Bair deserves credit for proposing a plan to have the government help delinquent homeowners. At least she is trying to solve the mortgage component of the economic crisis and get the economy moving again, which is more than can ...
2008-12-04 07:58:00 -
Minister says U.N. unfit to lead poverty fight - Reuters UK
LONDON (Reuters) - A British minister sharply attacked the United Nations on Thursday, saying the organisation was not fit to lead the world's drive to eradicate poverty. The criticism is telling because Britain is one of the biggest funders of the ...
2008-12-04 09:24:00 -
Kudrin: Govt to provide 300 bln rbl of lending guarantees to banks - PRIME-TASS
GORKI, Moscow Region, Dec 3 (Prime-Tass) -- The Russian government will provide up to 300 billion rubles of lending guarantees to commercial banks, Deputy Prime Minister and Finance Minister Alexei Kudrin said Wednesday, ITAR-TASS reported. Kudrin ...
2008-12-03 11:24:00 -
Countrywide to refund $11.5M to NC borrowers - BusinessWeek
Two subsidiaries of Countrywide Financial Corp. have agreed to repay more than $11 million to nearly 5,000 North Carolina borrowers who were overcharged on their mortgages, the state banking commissioner said Thursday. Countrywide Home Loans and ...
2008-12-04 03:48:00 -
Highland Unveils New Cancer Center (R News)
Highland Hospital unveiled a new medical Oncology and Infusion Center Thursday. The center cares for patients with cancer and other chronic conditions that require intravenous treatments, injections, and blood transfusions. Doctors say the center will provide state-of-art research and care.
2008-12-04 08:51:19 -
NY Senate Changes Lead to Shake Up (R News)
Democrats are set to take control of the New York State Senate for the first time in more than 40 years after three renegade party members say they're ending an internal revolt.
2008-12-04 09:05:46 -
MidForida Buys A.H. Realty (The Lakeland Ledger)
LAKELAND | MidFlorida Federal Credit Union is getting into the home sales business.Lakeland-based MidFlorida on Thursday announced its purchase of A.H. Realty, a former Century 21 office and one of the county's largest residential real estate firms.
2008-12-04 09:12:58 -
Success of automakers plea for funds looks unlikely (San Francisco Chronicle)
With time fast running out, Congress and the Bush administration will wrestle again today over whether to loan $34 billion to Detroit automakers, even after senators heard grim warnings that their failures could cost 2.5 million jobs and the liquidation of...
2008-12-04 09:23:39 -
Treasury 10-Year Notes Fall; Chart Signals 7-Day Rally Overdone (Bloomberg)
Dec. 5 (Bloomberg) -- Treasury 10-year notes declined as a technical indicator showed a seven-day rally that pushed yields to record lows was overdone.
2008-12-04 09:25:35 -
Big 3 Face Tough Questions, Skepticism On Hill (CBS 13 Sacramento)
U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive.
2008-12-04 09:32:38 -
Employment Situation Remains Bleak, UBS Says (INO News)
(RTTNews) - Through October, payrolls declined by 0.9 percent (1.179 million) from the peak in December 2007, well below the 2.3 percent average total decline in recessions since 1950, observe the analysts at UBS. However, momentum is still downward.
2008-12-04 09:58:45 -
Zombie Banks & Gold Trigger (GoldSeek.com)
The USGovt and financial system is growing deep commitments to support dead entities. Their business models have failed. They are bankrupt. Although with faulty business model, often laced with fraud, they have been fully adopted by the USGovt and US Federal Reserve.
2008-12-04 10:09:35 -
Washington's new tack: Helping homeowners (International Herald Tribune)
At the Treasury Department, top officials continued to work on a plan to boost the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent.
2008-12-04 10:10:05 -
Mortgage application, refinance volume surge - Miami Herald
Join the discussion Note: If this is your first time using our NEW commenting system, you will have to LOG OUT and then LOG BACK IN . The Miami Herald is pleased to provide this opportunity to share information, experiences and observations ...
2008-12-03 01:40:00