Mortgage and Financial News From 2008-9-23 Page 10

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  • August real estate sales contain mixed news for home sellers in Pioneer Valley (The Republican)

    SPRINGFIELD - The median sales price for homes in the Pioneer Valley was $210,000 last month, down 6.9 percent compared with August of 2007. But that price was the second highest median price for this calendar year, the Realtor Association of Pioneer Valley Inc. said Tuesday.
    2008-09-23 11:40:15
  • US House Passes Credit Card Billing Reforms (Nasdaq)

    WASHINGTON -(Dow Jones)- In a showdown over credit cards, the U.S. House of Representatives on Tuesday overwhelmingly approved legislation to ban billing practices consumer groups call predatory but card issuers maintain are crucial to their ability to price for risk.
    2008-09-23 11:41:42
  • South Carolina Bank and Trust, N.A. Enhances Capital Position to Support Continued Growth (Business Wire via Yahoo! Finance)

    COLUMBIA, S.C.----South Carolina Bank and Trust, National Association, the lead bank subsidiary of SCBT Financial Corporation , today reported that it had closed a subordinated debt agreement that qualifies as Tier 2 regulatory capital.
    2008-09-23 11:42:00
  • O.C. tenants pay 6th highest renting costs (Orange County Register)

    Both renters and homeowners are paying large portions of their paychecks on housing.
    2008-09-23 11:44:05
  • Debt markets remain on edge (CNN Money)

    For all of Henry Paulson's talk about restoring confidence, fear remains the prevailing emotion in the bond market.
    2008-09-23 11:49:15
  • Hanging on to your house - New York Daily News

    You know this country is in the midst of a housing crisis. But do you know why so many homeowners - about 250,000 every three months, according to the Mortgage Bankers Association - are facing foreclosure?
    2008-09-21 05:41:00
  • McCain Transition Head Lobbied for Freddie Mac Before Takeover - Bloomberg

    Sept. 23 (Bloomberg) -- The lobbying firm of the man Republicans say John McCain has chosen to begin planning a presidential transition earned more than a quarter of a million dollars this year representing Freddie Mac , one of the companies McCain ...
    2008-09-23 07:52:00
  • Census: Housing costs eat up half of more than 7 million Americans ... - Minneapolis Star Tribune

    Consider that the point of E-Verify is to protect American workers -- and communities -- from too many foreign workers. Does it make any … read more sense to get E-Verify passed by giving away hundreds of thousands more U.S. jobs to other foreign ...
    2008-09-23 08:28:00
  • Rental demand grows 65% as mortgage approvals fall - MyFinances.co.uk

    Demand for rental property rose 65 per cent in the last 12 months, as the credit crunch makes buying harder and falling property values turn people away from the market. Estate agents Your Move found in August a 12 per cent rise in rental leases ...
    2008-09-22 08:00:00
  • A third don't seek money advice - Independent Online

    A third of people do not seek out any advice when making decisions about their money, while only one in a hundred would go to their bank manager for financial advice, a banking product website said on Tuesday. "It is worrying that a third of people ...
    2008-09-23 09:39:00
  • Michael Dukakis accuses McCain ad of 'Horton'-izing Barack Obama - New York Daily News

    Michael Dukakis experienced a bit of deja vu when he saw the most recent McCain attack ads. Michael Dukakis has an ominous warning for Barack Obama . Don't forget Willie Horton . In an interview with PolitickerMA.com , the former Massachussetts ...
    2008-09-23 09:32:00
  • Banking and Financial (Mondaq)

    Last week was the most dramatic week in financial markets since the Great Depression.
    2008-09-23 09:32:18
  • Buzz Briefs: Spielberg, Tyler Perry (CBS News)

    Steven Spielberg and wife support gay marriage. Tyler Perry donates food to those in need. Alec Baldwin book bashes U.S. family court system.
    2008-09-23 10:00:04
  • Collapse Has Begun! (GoldSeek.com)

    By: David N. Vaughn, Gold Letter, Inc. I believe I remember vividly that I wrote at the beginning of this decade around 2002 or 2003 that it would be under President George Bush’s watch that the financial collapse would begin in earnest.
    2008-09-23 10:02:16
  • Census: Housing costs eat up half of more than 7 million Americans' incomes (Minneapolis-St. Paul Star Tribune)

    I completely agree that there are a number of people out there who took mortgages that they clearly could not afford. When your monthly … read more income is equal to your mortgage payment, there are going to be problems. Mr. Ray, however, lost his job.
    2008-09-23 10:04:38