Mortgage and Financial News From 2009-9-5 Page 01
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One year ago, the wheels came off the economy - Elkhart Truth
The nation was focused on a tropical storm spinning off the Carolinas and a hurricane headed for Florida. People were gaming out how a political novice named Sarah Palin might upend the presidential campaign. The Dow Jones industrial average closed ...
2009-09-05 09:59:00 -
Budget shortfalls can’t be handled the same old way - The State
“Until we create jobs for people, we face uncertainty. That’s the key to it. The unemployment rate is way up. We just absolutely have got to create jobs for our people.” Senate Finance Chairman Hugh Leatherman, discussing the latest across-the ...
2009-09-05 10:20:00 -
Series Overview: Examining The Financial Crisis - NPR
Series Overview: Examining The Financial CrisisNPR7, 2008, the federal government stunned financial markets by announcing its takeover of two mortgage giants, Fannie Mae and Freddie Mac. ...
2009-09-05 06:41:34 -
Remembering The 2008 Financial Nightmare - NPR
Remembering The 2008 Financial NightmareNPR7, the federal government took over mortgage giants Fannie Mae and Freddie Mac. Separately, the board of Washington Mutual, the nation's largest savings and ...and more »
2009-09-05 06:41:35 -
Wall Street Pursues Profit in Bundles of Life Insurance - New York Times
Wall Street Pursues Profit in Bundles of Life InsuranceNew York TimesAfter the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. ...and more »
2009-09-05 06:59:49 -
AIG sells asset management unit for $500 million - AFP
AFPAIG sells asset management unit for $500 millionAFPThe company was on the verge of collapse last year after backing trillions of dollars in risky financial products amid a home mortgage meltdown that ...and more »
2009-09-05 08:15:51 -
The 5 Most Regrettable Bailouts - Yahoo! News
The 5 Most Regrettable BailoutsYahoo! News... that was basically backing huge gambles with solid insurance assets. When the hedge fund bet wrong on billions in mortgage-backed securities, ...and more »
2009-09-05 08:24:22 -
Maryland Woman Pleads Guilty to Her Role in Extensive Mortgage ... - American Chronicle
Maryland Woman Pleads Guilty to Her Role in Extensive Mortgage ...American ChronicleWashington, DC—Rasheeda M. Canty, a former mortgage broker, pled guilty today to engaging in an extensive mortgage fraud scheme involving properties in the ...
2009-09-05 08:26:12 -
Signs of hope few for jobless - Myrtle Beach Sun News
Signs of hope few for joblessMyrtle Beach Sun NewsHer 27-year-old son and her roommate also are unemployed, and Brooks said that after September, she doesn't know how she'll pay her $830 monthly mortgage. ...and more »
2009-09-05 10:08:35 -
JOBS 1- GATEWAY - Journal Times
JOBS 1- GATEWAYJournal Times... Prochaska said he consolidated his mortgage with some of his other loans. With the combination of the consolidation, higher taxes and higher insurance ...
2009-09-05 10:17:39 -
Lehman Brothers failure may have saved us - Lincoln Journal Star
Lehman Brothers failure may have saved usLincoln Journal StarThe government had already taken over Fannie Mae and Freddie Mac and seized one of the nation's biggest mortgage lenders, Indy Mac Bancorp. ...and more »
2009-09-05 10:42:13 -
The 'fat cat' landlord's lot is not a happy one - Irish Independent
The 'fat cat' landlord's lot is not a happy oneIrish IndependentMortgage lenders have been slow to pass on the cuts on this type of commercial loan to borrowers who took out loans which could be as much as 1.5 per cent ...and more »
2009-09-05 10:56:37 -
Personnel Moves - Tribune Review
Personnel MovesTribune ReviewBrownlee, former managing partner at New State Mortgage Co., is a real estate investor. • Alle-Kiski Medical Center welcomed to its medical staff general ...
2009-09-05 11:01:45 -
Waco woman may lose home after FEMA rules she lives in a flood plain - Waco Tribune Herald
Waco woman may lose home after FEMA rules she lives in a flood plainWaco Tribune HeraldThat month, Rollins' mortgage company created an escrow and force-placed the flood insurance policy on her at a rate of $158 a month, her paperwork shows. ...
2009-09-05 11:13:42 -
Buy a house or a condo — just come to Florida - Pocono Record
Buy a house or a condo — just come to FloridaPocono Record... the insurance aspects of annuities make it, at times, an undesirable investment. DEAR BRUCE: Does it make sense to pay extra money toward our mortgage? ...
2009-09-05 11:21:20