Mortgage and Financial News From 2009-2-9 Page 01

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• Energy, banks lift TSX;N.Y. flat ahead of financial aid announcement - Edmonton Sun

  TORONTO - The Toronto stock market closed higher Monday, supported by financials a day before U.S. Treasury Secretary Timothy Geithner is to unveil an overhaul of the US$700-billion aid plan for the financial sector and by energy stocks even as oil ...
  2009-02-09 02:50:00

• Recovery Needs Housing, Credit, Stimulus - Post Chronicle

  U.S. homeowners facing foreclosures or who watch home values fall may be helped by legislation outside of the stimulus plan, President Barack Obama said Monday. While the Senate version of the economic plan includes a tax credit for home buyers, his ...
  2009-02-09 04:08:00

• AIB steps up mortgage battle with new low rate - Independent

  AIB yesterday turned up the heat in a mortgage price war for first-time buyers by offering the lowest interest rate in the market. The bank is set to announce today it is to offer new buyers a one-year fixed rate of 2.49pc, well below the rates ...
  2009-02-09 10:49:00

• US Treasuries reverse Monday's gains on improved global sentiment - FXStreet.com

  On Tuesday, global bonds reversed Monday’s gains, as US equities rebounded despite mixed earnings . The S&P 500 closed 1.58% higher, as better-thanexpected results from Merck and Schering-Plough offset Motorola’s decision to suspend dividend ...
  2009-02-04 02:17:00

• The reverse brain drain - CNN Money

  (Fortune Magazine) -- Silicon Valley may have a reputation as a place where people change jobs as easily as they change clothes. But that was never the case for Bonnie Loo, who started as a software tester for Macromedia in 1999 and survived the dot ...
  2009-02-03 05:17:00

• Senate advances stimulus package - Politico.com

  Spurred on by President Barack Obama, an $838 billion economic recovery plan advanced in the Senate Monday, clearing a last procedural hurdle with the help of three Republicans and the return of Sen. Edward Kennedy, ill with cancer. The 61-36 roll ...
  2009-02-09 05:49:00

• Private capital: The bailout wildcard - CNN Money

  NEW YORK (Fortune) -- Fixing the banks is only the start. Treasury Secretary Tim Geithner is scheduled to announce his financial sector stabilization plan in a speech Tuesday morning. Geithner is expected to announce multiple programs , including ...
  2009-02-09 03:54:00

• Minn. bill would allow video slot machines in bars - Fort Mill Times

  ST. PAUL, Minn. — State Sen. Chuck Wiger says video slot machines in bars and the airport could raise more than $1 billion for the state each year. The DFL lawmaker from North St. Paul says he'll propose a bill Monday that would allow the games in ...
  2009-02-07 04:18:00

• Buying Black Isn't Racist; It's Necessary - Advertising Age

  John and Maggie Anderson of Oak Park, Ill., made headlines in December when they pledged to help jump-start the economy by exclusively supporting Black-owned businesses for an entire year beginning Jan. 1. As reported in the Chicago Sun-Times : The ...
  2009-02-03 03:11:00

• Home Value Highwire - WTOP Radio

  WASHINGTON - It's an ugly but growing trend: millions of homeowners are upside down, meaning they owe more on their homes than they're actually worth. Some statistics show as many as 29 percent of mortgages are upside down in D.C. metro area. George ...
  2009-02-09 02:07:00

• Fitch Rates Kentucky SPBC's $280MM Project 93 Revs & $34MM Project 94 ... - Businesswire.com

  NEW YORK--( BUSINESS WIRE )--Fitch Ratings has assigned 'AA-' ratings to the Kentucky State Property and Buildings Commission's (SPBC) approximately $273.9 million revenue and revenue refunding bonds, Project No. 93 and $33.2 million road fund ...
  2009-02-09 04:59:00

• Good Luck, Barack - Foreign Policy

  “The size of the financial markets ... has become so monstrously huge, there is no other means of maintaining stability than to establish a psychology of confidence. The governments themselves can only project to the markets a sense they know what ...
  2009-02-09 06:39:00

• Media quote GOP senators attacking stimulus as not "targeted" or ... - Media Matters

  Summary: Several news outlets have uncritically quoted Republican senators criticizing the economic recovery plan supported by Senate Democrats as not being "timely, targeted and temporary" but did not point out that those Republicans voted in ...
  2009-02-09 03:40:00

• Because the economy stinks...and When The Economy Stinks, Rates Drop - Transworld News

  Fred Solomon , author, radio show host, broker, co-founder of Solomon Financial and financial coach has helped thousands get into the right home loan. "There is no shortage of people who need our help," says Solomon. Learn how his company can help ...
  2009-02-09 03:40:00

• Mortgage Accelerator Software Takes the Guesswork Out of Debt ... - WebWire

  As foreclosure numbers continue to skyrocket, numerous homeowners are seeking assistance with mortgage acceleration. While this term is not well known outside of financial circles, the recent economic crisis has put it on the tips of many tongues as ...
  2009-02-09 01:02:00

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