Mortgage and Financial News From 2008-12-15 Page 01
Previous Day: 2008-12-14
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13
-
Ponzi Squared - CFO.com
Followers of the past year and a half's financial misadventures have become inured to bucketfuls of red ink. Even so, the potential losses from the scam perpetrated by Bernie Madoff, a Wall Street veteran, are jaw-dropping. The $17 billion of ...
2008-12-15 11:41:00 -
Big merger, big risks; but these banks know the drill - HamptonRoads.com
Wells Fargo & Co., the San Francisco-based bank that promotes its heritage with a horse-drawn vehicle, isn't saying. Wachovia and Wells Fargo shareholders still must approve their companies' merger agreement, so it's premature to address what's ...
2008-12-15 07:45:00 -
GM and GMAC amend financing agreement - Boston Globe
NEW YORK— General Motors Corp. said in a regulatory filing Monday that it and GMAC LLC agreed to temporarily adjust the financing company's terms for making advance payments to the automaker for the wholesale financing of vehicles sold to GM ...
2008-12-15 05:51:00 -
Glenn A. Marshall to admit engaging in fraud - Boston Herald
T he disgraced former leader of the Mashpee Wampanoag Tribe could be headed to prison. Glenn A. Marshall, 59, who directed the tribe’s fight for federal recognition and lobbied officials for a casino in Middleboro, will plead guilty to violating ...
2008-12-15 10:58:00 -
Pelosi Demands Mortgage Aid - CFO.com
Speaker Nancy Pelosi (D-Calif.) on Monday demanded that the Bush administration spell out a plan to help distressed homeowners before releasing the remaining $350 billion in the $700 billion financial rescue fund. Pelosi said the law’s written ...
2008-12-15 11:41:00 -
Couple gets help with mortgage - Wichita Falls Times Record News
Danny and his wife worked for the same company for years until the business closed and they both lost their jobs. All at once, the family’s income was gone. They own their home and, according to Interfaith Ministries Inc., have never asked for ...
2008-12-15 11:20:00 -
Australian couple loses home via Facebook (The Kansas City Star)
You've been "superpoked" - and served. An attorney in Australia has used the popular networking Web site Facebook to notify a couple that they lost their home after defaulting on a loan.
2008-12-15 11:48:04 -
How low will the Federal Reserve go on interest rates? (Los Angeles Times)
The consensus bet is that the central bank will lower its benchmark rate to 0.5%, but a few economists say they wouldn't be surprised if the Fed takes it all the way down to 0.25%. When it comes to the Federal Reserve these days, one question dominates: How low will it go?
2008-12-15 11:49:24 -
Fed Readies for Balance Sheet as Main Tool as Rate Nears Zero (Bloomberg)
Dec. 16 (Bloomberg) -- The Federal Reserve may today reduce its main interest rate to the lowest level on record and prepare for one of the boldest experiments in its 94-year history: using its balance sheet as the key tool for monetary policy.
2008-12-15 11:50:12 -
News In Brief (San Jose Mercury News)
Local, state NewsAtmel to cut workforce by 11 percentAtmel, the San Jose maker of chips for household appliances and automobiles, reduced its fourth-quarter forecast and said it will trim its North American workforce by 11 percent.
2008-12-15 11:55:52 -
Fed Looking at Another Rate Cut to Stem Crisis (Washington Post)
The Federal Reserve is widely expected this afternoon to cut interest rates for the 10th time in just over a year, driving the rate it controls close to zero as it continues the most sweeping effort to stabilize the economy in the history of the central bank.
2008-12-15 11:55:59 -
Pelosi Pushing Mortgage Relief (Washington Post)
House Speaker Nancy Pelosi said yesterday that the Bush administration must do more to help struggling borrowers stay in their homes before Congress will agree to release any more money to the Treasury Department's financial system bailout effort, which is running low on cash.
2008-12-15 11:56:12 -
Willmar City Council settles with couple whose home was lost in flood in '07 (West Central Tribune)
WILLMAR - The lawsuit filed by Warren and Jan Lee Jorgenson of Willmar against the city of Willmar over damage to the couple's house in a 2007 flood has been settled. Advertisement: DEAN C LINDQUIST DDS We Welcome New Patients! With 34 years of combined dental experience and exceptional customer service, we are here to serve your needs in our Family and Cosmetic Dentistry.
2008-12-16 12:01:45 -
Federal Reserve sets stage for Weimar-style hyperinflation (Online Journal)
The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral.
2008-12-16 12:03:49 -
With views in minority, Gramm protégé Jeb Hensarling rising in House (Dallas Morning News)
WASHINGTON – As banks buckled and households collapsed this year, the spirit of Phil Gramm haunted the Capitol. It seemed a bad time for anyone to be a protégé of Mr. Gramm, a symbol of what some see as deregulatory excess.
2008-12-16 12:09:12