Mortgage and Financial News From 2008-12-20 Page 01
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Loans attainable, experts say - Jackson Clarion-Ledger
Earlier this year, Elizabeth Koestler began searching for her American dream in a nightmare economy. In spite of all she had heard about tight credit and skittish lenders, she found her dream waiting for her on a suburban street in Ridgeland: three ...
2008-12-14 01:03:00 -
Lenders One Applauds New Administration HUD Secretary Choice - PR Inside
Scott Stern, CEO of Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, supports President Elect Barack Obama's selection of Shaun Donovan as nominee for the Department of Housing and Urban Development. "HUD needs strong ...
2008-12-13 08:09:00 -
Lending crunch suffocating LI's economy - Newsday
As banks and other mortgage lenders tightened standards, shut down mortgage programs and, in some cases, went out of business entirely, lending on Long Island slowed tremendously, according to new data. That trend, combined with a continued rise in ...
2008-12-20 12:44:00 -
Addabbo discusses city, state budgets at meeting (Queens Chronicle)
Offering hope to constituents enduring the developing recession but warning that tax hikes may lie ahead, City Councilman and Senator-elect Joseph Addabbo Jr. (D-Howard Beach) said Monday, “These tough times don’t last forever — we get through them. We’re New Yorkers, we can get through anything.
2008-12-20 08:57:10 -
Kshama V Kaushik & Kaushik Dutta: From Enron to CDSs (Business Standard India)
Unregulated energy market trading led to the Enron debacle — that this was repeated with CDSs shows we’ve learnt little and new regulations like Sox were a sham.
2008-12-20 09:02:25 -
So What Do You Have To Do For a Loan? (WallStreet Journal via Yahoo! Finance)
As Washington and Wall Street try to get money flowing, people are learning what happens when buy-now, pay-later gives way to no-credit, no-way.
2008-12-20 09:59:18 -
India's SBI cuts lending, deposit rates (The Forex Market)
MUMBAI, Dec 21 (Reuters) - State Bank of India, the country's biggest bank will slash its lending rate by 75 basis points, with effect from Jan. 1, the bank said in a e-mailed statement issued late on Saturday.
2008-12-20 10:22:50 -
SBI cuts rates, pressure on others (Business Standard India)
The country’s largest lender, State Bank of India, today announced a 75-basis-point cut in its benchmark prime lending rate, bringing it down to 12.25 per cent from January 1.
2008-12-20 10:54:59 -
The growing case for inflation - Chicago Tribune
One of the great achievements of our time has been the conquest of inflation. In the 1970s, it ravaged our savings, raised our taxes and kept the economy on a roller coaster. So it is a measure of our current economic crisis that the return of ...
2008-12-20 05:52:00 -
Royal Bank of Scotland menaces defaulters - Times Online
Royal Bank of Scotland, the nationalised bank, has sent threatening letters to homeowners saying that their homes will be repossessed if they fail to repay their entire mortgage within 30 days. NatWest, which is owned by RBS, demanded that Peter ...
2008-12-20 04:26:00 -
Revealed: Perk that lets Lords couples claim living allowance twice ... - Daily Mail
A new row over politicians' perks erupted last night after it was revealed that peers who have formed relationships in the House of Lords are receiving tax-free 'double bubble' payouts of up to £117,000 a year. They are getting double allowances of ...
2008-12-20 04:55:00 -
McMahon Will Stay In His Home - Post Chronicle
Beloved U.S. TV star Ed McMahon is allowed to stay in his home after brokering a deal to ward off foreclosure on the property. The former Tonight Show sidekick had owned the house for 30 years but faced the threat of foreclosure after his mortgage ...
2008-12-20 01:20:00 -
Low Mortgage Rates May Mean Time To Refinance - KPIX-TV5
If the interest rate on your current home mortgage is above 6.00 percent then you might be able to save thousands of dollars by refinancing your mortgage. That's because we are hitting record lows in home mortgage interest rates. Rick Mongiovi, of ...
2008-12-17 05:55:00 -
Joe the Plumber Pens Memoir - FOX News
Samuel "Joe" Wurzelbacher is the author of "Joe the Plumber: Fighting for the American Dream." Wurzelbacher became famous during the final weeks of the campaign after asking Barack Obama about his tax plan at a campaign stop outside Wurzelbacher's ...
2008-12-20 12:44:00 -
Valuev lumbers to unconvincing win over former great Holyfield (Daily Mail)
Slurred of speech, weary of limb, miserably short of money and 46 years old, Evander Holyfield last night worked a miracle in Zurich. If only justice prevailed.
2008-12-20 07:08:07