Mortgage and Financial News From 2009-2-16 Page 01
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Reigniting home purchases is the best stimulus - Detroit Free Press
In Michigan and elsewhere throughout the United States, our dysfunctional housing marketplace must be stabilized to see any significant reversal of our economic woes. Only a dramatic reduction in the number of unsold homes across our country will ...
2009-02-11 02:33:00 -
January's Industrial Output Falls by 20% (The Moscow Times)
17 February 2009 By Toni Vorobyova / Reuters Industrial output contracted by a fifth in January, the biggest monthly fall in the series' seven-year history, according to data on Monday -- including an 80 percent drop in automotive production compared with a year ago.
2009-02-16 03:51:47 -
Who's smiling and who's not (The Times of India)
The Interim Budget does not have any major announcements that affect the industry, except for some measures such as extension of interest subsidy (on pre-and post-shipment credit) to boost exports in sectors such as textiles, leather and gems & jewellery.
2009-02-16 09:40:02 -
TRIS Rating Affirms “AA-/Stable” Ratings to “TTW” and Debentures (Thaipr.net)
TRIS Rating Co., Ltd. has affirmed the company rating of Thai Tap Water Supply PLC (TTW) at “AA-” with “stable” outlook. At the same time, TRIS Rating has also affirmed the “AA-” rating of TTW’s propo
2009-02-16 10:16:10 -
What Obama's Foreclosure Rescue Plan Could Mean for Banks, Homeowners (Poynter Institute)
The Obama administration is expected on Wednesday to announce an estimated $50 billion plan to prevent mortgage foreclosures. Some big banks are so strongly expecting this plan to help that they announced they would stop foreclosures until March 6 .
2009-02-16 11:28:20 -
UPDATE 1-Woori Bank to draw on govt fund, considers new bonds - FXStreet.com
SEOUL, Feb 16 (Reuters) - South Korea's Woori Bank will secure more than $1.4 billion in new capital from a $15 billion fund the government is set to launch, as continuous lending to small firms and corporate restructuring will take a toll on its ...
2009-02-15 11:11:00 -
Will stimulus help people ready to retire? - ksl.com
Economists and political pundits say they have doubts the newly passed stimulus will invigorate the economy. That's more bad news for people who already thought their retirement plans would have to be put on hold because of the recession. Congress ...
2009-02-16 07:25:00 -
Britain could suffer even deeper recession: BoE deputy - Hindustan Times
Bank of England Deputy Governor Charles Bean warned on Monday that Britain could be heading for an even deeper recession than previously thought. The bank said last week in a report that the economy -- which entered recession in the second half of ...
2009-02-16 12:25:00 -
Small Banks, Credit Unions Have Top Yields, But Watch For Strings (Fox News)
Small Banks, Credit Unions Have Top Yields, But Watch For Strings
2009-02-16 01:55:48 -
Local Crooner Heading to Hollywood (WSAZ NewsChannel 3 West Virginia)
A local crooner of the old standards is making a name for himself, and he's been rehearsing with Big Band players in Hollywood.
2009-02-16 09:22:23 -
Obama: Learn From Lincoln and Do The Right Thing - Common Dreams
Last week, television was filled with programs marking Abraham Lincoln's birthday. (The official holiday is February 16.) We watched reports on how the civil war erupted and was almost lost by the Union side. We were reminded of how many died and ...
2009-02-16 04:36:00 -
RPT-BOJ FOCUS-BOJ may extend commercial paper buying programme - Forbes
The central bank is also likely to unveil more details of how it will buy corporate bonds outright following a two-day policy meeting on Wednesday and Thursday as it looks beyond the use of overnight interest rates to try to revive lending in the ...
2009-02-16 04:50:00 -
Rate Lust - Tampa Bay Online
With interest rates at their lowest in years, Ken and Christine Kline saw an opportunity to refinance their Palm Harbor home. "The rates were a little bit hard to pass up," Ken Kline said. "I think we were sitting at about 6.4 percent with the first ...
2009-02-16 05:26:00 -
Portage schools could scale back projects - Grand Rapids Press
PORTAGE -- The current low interest rates on government bonds could force Portage Public Schools to trim back its construction projects at Portage Northern and Portage Central high schools. The potential problem was raised at a Board of Education ...
2009-02-09 11:39:00 -
Hope over fear? - San Francisco Examiner
When his Holiness, President Dali Obama, was inaugurated less than one month ago he proclaimed that Americans had “chosen hope over fear.” In fact his entire campaign was based upon little more than the nebulous ideas of change and hope. Now this ...
2009-02-16 06:38:00