Mortgage and Financial News From 2009-10-9 Page 01
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Saving Consumers from Themselves - Reason.com
When I first learned to drive as a teenager, my mother let me take the wheel on trips to the local grocery store. She was there in the passenger seat, arms flailing every time a squirrel or a piece of sagebrush came across the road, her left forearm ...
2009-10-09 02:02:00 -
Miami Condo Market Heating Up Again - NPR News
The developer of Icon Brickell recently reduced prices, though not to the fire-sale levels seen in some other Miami condo projects. Greg Allen/NPR The developer of Icon Brickell recently reduced prices, though not to the fire-sale levels seen in some ...
2009-10-09 03:06:00 -
Thomas Oliver: Homebuyer tax credit should be extended - Atlanta Journal Constitution
Talk to mortgage bankers, brokers and housing experts and you’ll be hard pressed to find one who suggests letting the first-time homebuyers’ tax credit expire. They are equally unanimous in saying that metro Atlanta’s housing market has finally ...
2009-10-09 05:22:00 -
Obama calls for consumer protection agency - MSNBC Firstread
President Obama today urged Americans to support the creation of the Consumer Financial Protection Agency, a new federal entity intended to shield consumers from predatory lending and establish and enforce regulations on banks and mortgage brokers ...
2009-10-09 05:08:00 -
Operation HOPE and John Hope Bryant Issue Statement of Support for ... - PR Inside
I was honored to join President Obama today at the White House where he spoke on "creating the ground rules (for the delivery of fair and reasonable financial services), expanding choice, and rewarding private sector innovation and competition ...
2009-10-09 07:09:00 -
Have Banks No Shame? - New York Times
A few months ago, I asked Simon Johnson, the former International Monetary Fund economist, now a prominent critic of the banking industry, what he thought the banks owed the country after all the government bailouts. “They can’t pay what they owe ...
2009-10-09 07:09:00 -
A condo crisis - AZCentral.com
New federal loan-guarantee rules imposed to fend off future government losses from plummeting condominium prices have rendered condos utterly worthless, Valley real-estate experts said. The Federal Housing Administration rules, which took effect Oct ...
2009-10-09 08:14:00 -
Refinancing wave skips Inland region - Riverside Press Enterprise
A refinancing trend sweeping the nation isn't catching on here. With mortgage interest rates having dipped below 5 percent for three weeks, applications for home refinancing have surged nationwide, but brokers and lenders say the reaction is more ...
2009-10-09 09:04:00 -
Financial steward helps clients manage their money more spiritually - Austin American-Statesman
The financial crisis that rocked so many of our 401(k)s and prompted a massive government bailout was a good thing in one way, Wes Bridel says. "I think it absolutely woke some people up. What they've been doing is not working," he said. Bridel helps ...
2009-10-09 06:34:00 -
USA Properties owner convicted - St. Louis Business Journal
The owner of USA Properties LLC has been convicted of multiple conspiracy and fraud charges involving the multimillion-dollar sale of 12 properties in the St. Louis area, Acting U.S. Attorney Michael Reap said Friday. William E. McKanry, 70, of ...
2009-10-09 05:51:00 -
JPMorgan, Credit Suisse, Morgan Stanley agree to pay $100 million to ... - Daily Press
PHILADELPHIA (AP) — JPMorgan Chase & Co. and two other investment banks have agreed to pay $100 million to settle a lawsuit over their contribution to investor losses in the collapse of American Business Financial Services Inc., the bankruptcy ...
2009-10-09 07:02:00 -
Fitness Center Stiffs Members - ClickOnDetroit.com
WATERFORD, Mich. -- Members of the Waterford Health & Fitness Inc. found a "Danger" sign on the closed and locked door of the facility. Member, Boo Coles, said he is not surprised, "This is the third time they have shut down like this." He told Local ...
2009-10-09 06:41:00 -
Bank buys Polaroid property in Waltham - Boston Globe
The future of a proposed $500 million development at the former Polaroid Corp. headquarters in Waltham remains murky after a foreclosure auction Friday failed to garner any acceptable bids on the property. The auction was held by Helaba, the German ...
2009-10-09 07:09:00 -
The boob tube debt machine - Salon
The proposition that advertising encourages people to consume more than they would otherwise is not controversial. But Hunter College economists Matthew Baker and Lisa George go one step further in their new paper, "The Role of Television in ...
2009-10-09 07:31:00 -
The 'Democratization of Credit' Is Over -- Now It's Payback Time - Wall Street Journal
By S. MITRA KALITA NEW YORK -- Karen King owes nearly $36,000, more than she's ever earned in a year. All day long, bill collectors call. She hunts for a second job, sometimes skips meals, and stays with other family members at a grandfather's ...
2009-10-09 06:19:00