Mortgage and Financial News From 2009-9-13 Page 01

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  • One year after financial meltdown, U.S. appears in for long recovery - Dallas Morning News

    For much of 2008, Texas dodged the U.S. recession that began in late 2007. Then came a series of financial cataclysms in September, and the downturn turned into the worst economic conflagration since the Great Depression. FILE 2008/The Associated ...
    2009-09-13 10:25:00
  • Fiat Money: How Else You Gonna Kill 600,000 Americans? - Lewrockwell.com

    The reader with a strong stomach will have to click the above link to appreciate the full enormity of Norris's accomplishment, but for those with limited attention spans I'll detail some of its biggest problems below. Six months after the financial ...
    2009-09-13 10:54:00
  • Bad debt below 1 percent in China soon? - Reuters Blogs

    After the credit emission in China during the first half, international investors are concerned that bad debt will pile up after three years . Bankers in China are certainly a lot more optimistic. More than 50 percent of the bankers surveyed by ...
    2009-09-09 03:03:00
  • Homeowners outraged over cancellation of their home equity lines - San Jose Mercury News

    A growing number of homeowners in the Bay Area and around the country are finding themselves unable to borrow against the equity in their home, as beleaguered banks take away a financial safety net many homeowners had counted on. And now some of ...
    2009-09-13 09:06:00
  • Why is gold seeking higher ground now? - Emirates Business 24/7

    Why is gold seeking higher ground now?Emirates Business 24/7Now that confidence is building – credit spreads have narrowed far more than expected and are still narrowing in places, equities are up at levels few ...
    2009-09-13 12:38:59
  • Citigroup Stock: Should You Buy Citigroup Stock? - Ethiopian Review

    Citigroup Stock: Should You Buy Citigroup Stock?Ethiopian ReviewUntil credit and mortgage markets rebound, we will be stuck in the “new normal” of where we are now. So essentially, whether or not you invest in bank ...and more »
    2009-09-13 03:26:21
  • Can You Buy a Home when You Have Credit Problems? - Ethiopian Review

    Can You Buy a Home when You Have Credit Problems?Ethiopian ReviewIn the past, it may have been extremely hard to buy a home if your credit wasn't great. But with bad credit becoming more common and programs to help people ...
    2009-09-13 04:13:47
  • How to Prepare For China's Coming Derivatives Default - The Market Oracle

    How to Prepare For China's Coming Derivatives DefaultThe Market OracleGiven the over-leveraged, stupid plays Wall Street made on mortgage-backed securities and credit default swaps (both investments that had SOME degree of ...
    2009-09-13 04:54:05
  • It is time for the G20 to look forward not back - Times Online

    It is time for the G20 to look forward not backTimes OnlineWhile bank balance sheets are being repaired, credit is likely to remain in hibernation. Moreover, apart from the bad loans already sitting on balance ...
    2009-09-13 05:06:56
  • Banking on Bank of Ireland Scotland to effect a merger? - Irish Times

    Banking on Bank of Ireland Scotland to effect a merger?Irish TimesThis would in effect be a super mutual, involved almost exclusively in residential mortgage lending and retail financial services. ...
    2009-09-13 07:01:09
  • Deficit damns dollar: the new normal (bulls vs bears pt 3) - True/Slant

    Deficit damns dollar: the new normal (bulls vs bears pt 3)True/SlantI can give you a long list of reasons why: both prime and subprime mortgage defaults are still growing; commercial real estate is about to rattle banks; ...and more »
    2009-09-13 09:20:22
  • Reforming the Financial System - New York Times

    Reforming the Financial SystemNew York Times... been less severe — or largely avoided — if regulators had curbed abusive and unsound lending back when bad mortgage loans first began to proliferate. ...and more »
    2009-09-13 09:45:41
  • Annual Report to shareholders - Sydney Morning Herald

    Annual Report to shareholdersSydney Morning HeraldHe was previously General Manager, Strategy and Business Development, of Credit Union Services Corporation (Australia) Ltd and a director of several of its ...and more »
    2009-09-13 10:06:10
  • Housing reforms get mix of good, bad reviews - Triangle Business Journal

    Housing reforms get mix of good, bad reviewsTriangle Business JournalSylvia Currin, a mortgage account executive at Crescent State Bank, says a new rule that keeps appraisers and lenders apart is hurting home prices. ...
    2009-09-13 11:08:08
  • Lloyds Banking Group to restrict buy-to-let property deals - Daily Mail

    Crackdown: Buy-to-let investors will be limited to nine properties under the Lloyds plan Britain's biggest mortgage lender has pulled the rug from under the buy-to-let market by imposing strict new controls on the number of properties it will lend ...
    2009-09-13 07:19:00