Mortgage and Financial News From 2009-3-18 Page 01
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House Report: Countrywide Tried to Benefit VIPs - Washington Post
Executives at Countrywide Financial , one of the biggest names of the housing boom, routinely violated internal company policies to provide below-market rates on home loans to the politically connected and powerful, according to a congressional ...
2009-03-18 10:30:00 -
Japan’s Auto, Technology Stocks Slip on Dollar Drop; Banks Rise (Bloomberg)
March 19 (Bloomberg) -- Japan’s auto and electronics shares slumped after the U.S. Federal Reserve’s pledge to buy $1 trillion in bonds sparked a sell-off of the dollar. Financial companies advanced on the news.
2009-03-18 11:16:49 -
AP Financial NewsBrief at 12:05 a.m. EDT (INO News)
WASHINGTON (AP) _ With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.
2009-03-18 11:27:38 -
Bank must reveal Merrill Lynch bonus info (Boston Herald)
A New York state judge yesterday ordered Bank of America Corp. to disclose information about bonuses given to employees at Merrill Lynch & Co. just before the bank bought...
2009-03-18 11:36:06 -
Stocks jump after Fed says it will buy Treasurys (The Times of Northwest Indiana)
NEW YORK | The Federal Reserve is keeping Wall Street's big rally alive -- and giving the Treasury market a boost as well.
2009-03-18 11:38:24 -
Obama plays populist role in CA (WABC-TV New York)
President Barack Obama paid a visit to California.
2009-03-18 11:40:03 -
Asian markets trading higher on Wall Street cues (Nasdaq)
(RTTNews) - The major markets across Asia are trading higher on Thursday morning, taking cues from Wall Street where the indices rallied in late trading after the release of FOMC Statement in which the Fed Reserve signaled intentions to pump in an incremental $1.2 trillion for buying government treasuries and mortgage-backed loans from banks.
2009-03-18 11:43:45 -
If you want AIG-level pay, whats stopping you? (Centre Daily Times)
When politicians get on their high horses about something, it is almost certain that a considerable
2009-03-18 11:52:00 -
Obama plays populist, anti-D.C. role in Calif. (The Washington Times)
In Washington, President Barack Obama is the ultimate insider, hosting White House parties to woo lawmakers and diplomats. Elsewhere, he increasingly plays the embattled and populist crusader, helping average Americans fight entrenched interests on Capitol Hill and Wall Street.
2009-03-18 11:54:20 -
U.S. backs global alternative to dollar (WorldNet Daily)
Editor's Note: The following report is excerpted from Jerome Corsi's Red Alert , the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist.
2009-03-18 11:55:47 -
AIG CEO says employees starting to return bonuses (Mohave Daily News)
WASHINGTON - Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million.
2009-03-18 11:56:01 -
What does your lender say about saving your home? - Detroit Free Press
Two weeks ago, President Barack Obama and his Treasury Department outlined all the ins and outs of a program supposed to help millions of people in Michigan and across the country keep their houses. Basically, they were telling the companies holding ...
2009-03-18 05:15:00 -
City, county can help home buyers (Big Bear Grizzly)
Big Bear Lake is planning to be a silent partner for homeowners. The idea is to help first-time home buyers and put people in vacant homes within the city of Big Bear Lake.
2009-03-18 05:48:47 -
Housing Counselor Offers Tips On Avoiding Foreclosure (WJAC 6 Johnstown)
A housing counseling coordinator offers tips to avoid foreclosure.
2009-03-18 06:56:28 -
Mortgage lender seen as target (National Post)
A Toronto-based company built on extending mortgages to people who don’t qualify for a bank loan, but without the disastrous results experienced in the United States, is increasingly being viewed as a takeover target.
2009-03-18 09:08:40
