Mortgage and Financial News From 2008-9-23 Page 14
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Interests clash in city's finance sector - Boston Globe
As Congress and the White House hash out details of how to fix the nation's financial system, the outcome could have huge but vastly different consequences for Boston's banks, mutual funds, insurers, hedge funds, and other financial companies. "I don ...
2008-09-23 04:46:00 -
Goldman's O'Neill Says Brown Should Mull U.K. Mortgage Rescue (Bloomberg.com)
Sept. 23 (Bloomberg) -- Prime Minister Gordon Brown should weigh whether to follow the U.S.'s lead and pursue a government- backed rescue of the U.K. mortgage market, Goldman Sachs Group Inc . chief economist Jim O'Neill said.
2008-09-23 04:24:12 -
German Stocks Decline, Led by Deutsche Bank, Deutsche Boerse (Bloomberg.com)
Sept. 23 (Bloomberg) -- German stocks dropped for a second day on concern the U.S. government's plan to buy toxic mortgage assets will fail to prevent a global recession.
2008-09-23 04:26:26 -
Mortgage Lending Halves In Month (SkyNews via Yahoo! UK & Ireland News)
Mortgage lending halved during August and the number of home loans slumped to a record low, latest figures show.
2008-09-23 04:30:00 -
Millions spend half of income on housing (San Francisco Chronicle)
Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been working as high school tutor, scratching out about $1,000 a...
2008-09-23 04:36:18 -
Housing experts say bailout proposal may do little for homeowners (International Herald Tribune)
Many mortgage experts say the government would have a difficult time modifying mortgages even if it were eager to do so.
2008-09-23 04:42:34 -
Developer asks cash-strapped Coatesville for $1.4 million loan (Daily Local News)
COATESVILLE - City Council plans to meet Sept. 29 to decide whether to lend $1.4 million to a private developer to speed redevelopment of the Flats, a vacant, 28-acre industrial site on the city's west end.
2008-09-23 04:46:26 -
Millions Spending Half Of Income On Housing (WCVB Boston)
According to 2007 census data, a staggering 7.5 million people are spending half of their incomes or more on housing costs.
2008-09-23 04:46:50 -
Dollar rises before govt testimonies on US bailout plan (TurkishPress.com)
The dollar rose against the euro and yen on Tuesday as traders awaited more details on a US government plan to buy mortgage-related assets at the root of a global financial crisis, dealers said.
2008-09-23 04:56:23 -
News Minute: Hoping for a solution...World markets rise...'Troopergate ... - WOOD
WASHINGTON (AP) - The Bush administration is coming up with ways to deal with the current financial crisis. Details of the plan are still being worked out. But Treasury Secretary Henry Paulson emerged from a nighttime meeting on Capitol Hill to say ...
2008-09-19 01:30:00 -
Focus on Financials - CNBC
The Treasury will insure holdings of any publicly offered money fund for a fee, with Joe Moglia, TD Ameritrade Holding Corp.; CNBC's Steve L... The Un-Shortable A look at Washington's plan and the new short rules, with Joe Moglia, TD Ameritrade ...
2008-09-19 05:55:00 -
Advocates urge relief for loan fraud victims in Florida - Miami Herald
With Florida's mortgage industry reeling from its worst crisis, two statewide organizations are pressing lawmakers to restore a program to reimburse people ripped off by crooked loan brokers. The Florida Association of Mortgage Brokers and AARP are ...
2008-09-22 09:08:00 -
Move fast - mortgages rates to rise - Daily Telegraph
For anyone hoping that mortgage deals might become a bit cheaper, last week came as a rude awakening. The financial crisis - which saw the US investment bank Lehman Brothers go bust and HBOS, one of the UK’s largest mortgage lenders, being rescued ...
2008-09-23 01:25:00 -
Mortgage Approvals At Record Low - Sky.com
The number of mortgage approvals has fallen to a record low - down 64% compared with a year ago, according to the British Bankers' Association. Approvals for house buying were down to 21,086 in August. This compared with 22,239 in July. The numbers ...
2008-09-23 01:33:00 -
CORRECTED-Deutsche Bank boosts mortgage losses projection - Reuters
(This story replaces an incorrect item that was withdrawn [ID:nN22325588], and makes clear that the forecast losses were for the market as a whole, not the bank) NEW YORK, Sept 22 (Reuters) - Deutsche Bank AG (DBKGn.DE: Quote , Profile , Research ...
2008-09-23 02:01:00