Mortgage and Financial News From 2009-1-16 Page 01
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Where does the money go? - Kane County Chronicle
Who is to blame, the banks, the government, the employers? I think it is our local government and the unfair property taxes that are being assessed to every homeowner. The economy is in a recession and the county just sent out notices of increases in ...
2009-01-16 05:41:00 -
Drop in mortgage rates triggers rush to refinance - Atlanta Journal Constitution
Jon McKenna hopes to pay off his home sooner by taking advantage of suddenly lower interest rates to trade in his 30-year mortgage for a 15-year one. If he can talk to his mortgage lender, that is. With some mortgage interest rates at their lowest ...
2009-01-16 06:03:00 -
World stocks hit by banking fears, Barclays slumps - Columbia Missourian
World markets were mixed Friday as early euphoria surrounding the bailout of Bank of America Corp. dissipated amid fears that other banks around the world will need fresh capital injections soon. Britain's Barclays PLC was the worst hit stock ...
2009-01-16 05:13:00 -
Gorbachev: Russian leadership bailing out billionaires in downturn (KYIV Post)
MOSCOW, Jan 16 (Reuters) - Former Soviet leader Mikhail Gorbachev accused the Russian government on Friday of bailing out billionaires at taxpayers' expense in its response to the economic slowdown.
2009-01-16 11:18:33 -
Wichita Falls location not spared in second round of liquidations (Wichita Falls Times Record News)
No Circuit City stores will be spared this time around as the nation’s second largest electronic retailer announced Friday that it will go out of business, closing all of its 567 U.S. stores and cutting 30,000 jobs.
2009-01-16 11:19:09 -
Circuit City to Shut Down (New York Times)
The troubled consumer electronics chain is the latest retailer to go out of business.
2009-01-16 11:23:45 -
Circuit City closes its doors, 34k jobless (The Nashua Telegraph)
Daniel Webster Highway in south Nashua is losing its fourth major retail chain store in two months. ... - By ASHLEY SMITH Staff Writer
2009-01-16 11:29:14 -
Circuit City shuts down (The Press-Enterprise)
CLOSURE: The electronics retailer fails to find a buyer or refinance its debt. It has 13 Inland stores.
2009-01-16 11:30:03 -
Banks keep losing money (The Myrtle Beach Sun News)
The hemorrhaging among the nation's biggest banks was supposed to have subsided after the government doled out $350 billion in federal bailout money last fall. That hasn't happened. Instead, both Bank of America Corp. and Citigroup Inc. have had to turn to the government for more cash as losses related to toxic assets, souring consumer loans and the sinking economy blow holes in already flimsy ...
2009-01-16 11:35:54 -
Pennsylvania agency offers help to buy, keep homes (Pocono Record)
Future homebuyers and current owners struggling to hold onto their homes might be eligible for help from the Pennsylvania Housing Finance Agency.
2009-01-16 11:43:16 -
All circuits down; chain closes stores (The Myrtle Beach Sun News)
Circuit City became the largest retailer to fall victim to the expanding financial crisis Friday, announcing it will shut down its remaining 567 U.S. stores at the cost of 34,000 more jobs after failing to sell the business. The closure of the nation's second-biggest consumer electronics retailer spells more trouble for the nation's malls, and is the latest casualty of an unprecedented pullback ...
2009-01-16 11:50:09 -
Not everyone can refinance to cut mortgage payments (USA Today)
The average interest rate for a 30-year mortgage dipped below 5% this week but qualifying can be difficult. If you're interested in refinancing, here's what you'll need:
2009-01-16 05:55:49 -
Deflation Concerns Marinate in Light Data Week (Fox News)
The upcoming week will be dominated not by statistics, but by rhetoric but the dominant theme will still be the economy.
2009-01-16 05:57:26 -
Foreclosure aid likely to help 4 states most (INO News)
(AP:WASHINGTON) The nation's foreclosure crisis is centered in four states. But taxpayers across the country will feel the pain of bailing them out.
2009-01-16 05:58:35 -
Foreclosure aid likely to help Ariz., 3 other states most (The Arizona Republic)
Half of '08 filings were in Arizona, 3 other states.
2009-01-16 07:08:26