Mortgage and Financial News From 2009-1-12 Page 01
Previous Day: 2009-01-11
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2030 Challenge Stimulus Plan Gains Momentum (PR Newswire via Yahoo! News)
Garnering the support of a large and diverse number of organizations and businesses, the 2030 Challenge Stimulus Plan is quietly gaining momentum both on and off the Hill. Impressed with the Plans ability to create over 9 million new jobs and $1 trillion in direct non-federal spending in just two years while opening up a brand new $1.8 trillion renovation market, many agree that this Plan can ...
2009-01-12 10:10:00 -
Medical Debt Is a Growing Worry, for Those With Insurance and Without (Washington Post)
Pummeled by a deepening recession that is demolishing jobs and family finances, more Americans are struggling to pay their medical bills.
2009-01-12 10:41:02 -
Scams Target Struggling Homeowners (KQ2 St. Joseph)
Dan Howard is like many folks struggling with mortgage payments over the family head as adjustable rates increase and mortgage bankers are calling in their loans.
2009-01-12 10:44:26 -
Loan relief reaches few who need it (The Charlotte Observer)
(By Christina Rexrode, crexrode@charlotteobserver.com) Harold and Monica McKenzie were thrilled when they heard about a legal settlement requiring their mortgage lender, Countrywide Financial, to make its loans more affordable for hundreds of thousands of customers. They thought the settlement might help them keep their Kannapolis house, where they live with their two daughters and pet ...
2009-01-12 11:03:33 -
Fire District referendum tabbed at $2 million (Kane County Chronicle)
By BETHANY KRAJELIS bkrajelis@kcchronicle.com
2009-01-12 11:05:16 -
Warner hears concerns during Richmond visit (Richmond Times-Dispatch)
Barely a week on the job, Sen. Mark R. Warner, D-Va., is escaping Washington for Richmond, trying to do more listening than talking on the sour economy. In what aides dubbed his first field trip since taking office Jan. 6, Warner met for more than 90 minutes yesterday with about 30 college students and small-business owners at the downtown campus of J. Sargeant Reynolds Community College.
2009-01-12 11:08:21 -
Bail yourself out in 2009 (MSN Money Canada)
Since you're not a huge U.S. bank or an automaker, a federal rescue is unlikely, but your salvation could be in your own hands. Here's how to fix five key financial mistakes.
2009-01-12 11:14:37 -
Find ways to save during downturn (Boston Herald)
What are some good savings tips going forward in 2009? Restructuring your budget and cutting back on spending is crucial during these difficult times. Our economy is...
2009-01-12 11:22:16 -
British retailers suffer worst December on record - PR Inside
LONDON (AP) - Britain's retailers suffered their worst December in at least 14 years despite a blizzard of promotions and deals, a closely watched survey revealed Tuesday, stoking fears that more high-profile companies may go bust in the months ahead ...
2009-01-12 07:26:00 -
Kenedix REIT's Financial Presentation is Now Available Online at kdx ... - PR Inside
operating revenues and 3,123 million yen in net profit in the seventh period, and declared a dividend per unit of 15,618 yen. Mr. Miyajima, President and CEO of the asset management company of KRI said, "Since listing on the Tokyo Stock Exchange in ...
2009-01-12 09:42:00 -
U.S. Seeks Rest of Bailout Cash - Wall Street Journal
WASHINGTON -- President George W. Bush requested the second half of the $700 billion financial-rescue fund on behalf of President-elect Barack Obama, setting off a renewed political fight over the program as U.S. banks are set to report their worst ...
2009-01-12 09:35:00 -
Greedy credit card companies and Congress created a financial disaster - Midwest Voices
It's a fascinating story : Greedy credit-card companies convinced an inept Congress to approve new 2005 bankruptcy rules that helped torpedo the U.S. economy. The report making these allegations rings true; it was prepared by researchers at the ...
2009-01-12 12:38:00 -
Mortgage bankruptcy reform may speed losses - Contra Costa Times
A change in bankruptcy laws to allow judges to reduce the mortgages of consumers would probably boost filings, accelerating lenders' losses on home-equity, automobile and credit-card loans, according to Keefe, Bruyette & Woods. "Many homeowners may ...
2009-01-12 01:57:00 -
Obama promises to reform financial bailout plan (AFP via Yahoo! News)
President-elect Barack Obama set the stage for immediate action on the US economy when he is sworn in next week, promising not to waste the second half of a 700-billion-dollar financial bailout package.
2009-01-12 09:16:04 -
Auto Repo's (FOX40 Sacramento)
SACRAMENTO-More and more people are facing the loss of their vehicles as they lose their income or their jobs in a faltering economy. Just ask Lonnie Hammock, a repo man who works for Sacramento's Precision Recovery. "We go to really nice places, nice homes and we're taking away nice cars. Everybody's hurtin'," said Hammock. Some auto repo companies are reporting a 15 to 20 percent ...
2009-01-12 09:31:00