Mortgage and Financial News From 2008-12-13 Page 01
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Barney Frank takes on Bush over bailout money - Seattle Post Intelligencer
House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., left, looks over newspaper reports on Capitol Hill in Washington, Friday, Dec. 5, 2008, as the executives of the big three automakers testified on the auto industry bailout. (AP ...
2008-12-04 05:57:00 -
Mortgage crisis puts attention on Easley again - Star News Online
When President-elect Barack Obama joined other governors and governors-elect last week in Philadelphia to talk about an economic stimulus package, Easley gave a brief talk about a mortgage foreclosure reduction program he persuaded the Legislature to ...
2008-12-08 11:25:00 -
Coping with the pressure on credit cards - Chicago Tribune
Your bank may have a gift for you just in time for holiday shopping: no credit. As the financial crisis grinds on, banks are worried not just about mortgages going into default, but also about credit card accounts going bad. According to R.K. Hammer ...
2008-12-07 10:58:00 -
Mortgage Troubles Rise to Record Level - Washington Post
A foreclosure sign stands on top of a sale sign outside an existing home for sale in the west Denver suburb of Lakewood, Colo., on Sunday, Sept. 28, 2008. An industry group said Friday, Dec. 5, 2008, a record one in 10 American homeowners with a ...
2008-12-04 05:57:00 -
Housing slump not so bad here - State Journal-Register
While the national foreclosure rate continues to climb, Sangamon County, at least so far, has escaped relatively unscathed. Foreclosures are up locally but not nearly as dramatically as in other parts of the country. The number of foreclosure actions ...
2008-12-07 12:42:00 -
The last temptation of plastic - International Herald Tribune
For the last two decades in the United States, layaway has been a relic, a vestige of a time when banks promoted Christmas savings clubs and a Depression ethos of thrift reigned. Instead of swiping a credit card and walking off with the goods ...
2008-12-07 07:16:00 -
Beware of those foreclose aid offers - Thecalifornian.com
KATHY YAMAMOTO: That's a great question. Due to the large number of foreclosures, many financial institutions are overwhelmed with borrowers applying for mortgage modifications or "short sales" (selling a property for less than the value of the ...
2008-12-05 05:55:00 -
The Week Unzipped: Pensioners call for new tax break as saving rates ... - Scotsman.com
PENSIONER lobby groups are calling on the Government to exempt their interest on savings from tax altogether as returns fall and head towards zero. Low interest rates are bad for retired workers who rely on their savings to live, particularly if they ...
2008-12-13 05:53:00 -
Pound’s plunge is expected to limit cuts in UK interest rates - Times Online
STERLING’s fall could limit the Bank of England’s scope for further aggressive cuts in interest rates, analysts warn, following the pound’s drop to a record low of ¤1.11 against the euro last week. Members of the Bank’s monetary policy ...
2008-12-13 03:01:00 -
FOXBusiness: Economic Data to Chew On in Week Ahead (Fox News)
2008-12-13 04:09:28 -
Economy taking its toll on students around East Bay (Contra Costa Times)
n As families struggle to make ends meet, many children going without basics such as meals or even a place to live
2008-12-13 05:40:40 -
Class is back in session (The News-Herald)
American Roll Form President Rob Touzalin has been with the company for more than three decades, but he recently decided that it's never too late to introduce his brand of on-the-job training.
2008-12-13 09:04:51 -
Home lenders' fixes are not doing the job (The Columbus Dispatch)
Despite lenders expressing a new willingness to help struggling homeowners, mortgage defaults keep coming at a record-setting pace. Take, for example, the mortgage delinquencies among government-guaranteed Federal Housing Administration loans.
2008-12-13 09:07:57 -
US newspapers struggling to survive (The West Australian)
Circulation is dropping, print advertising revenue is falling and readers are going online to get news for free, leaving the US newspaper industry awash in red ink and threatening some of the biggest
2008-12-13 09:22:46 -
Lower mortgage rates no silver bullet - CNN Money
NEW YORK (CNNMoney.com) -- Reducing mortgage rates to a historically low 4.5% may entice some homebuyers out of the shadows, but it won't be enough to really spur housing sales, experts said. Only a week after the Federal Reserve unveiled a $600 ...
2008-12-04 05:57:00