Mortgage and Financial News From 2008-9-23 Page 16
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Robert Peston (BBC News)
The big risks of US government's bank bail-out plan
2008-09-22 07:01:10 -
Drew Westen: The Day the Momentum Changed: And What Obama Needs to Do in the Debates to Keep It (HuffingtonPost)
Obama needs to do precisely what he has not done thus far in debates -- connect with voters in a way that makes them feel like they know and share his values, and confident that he will keep them and their families safe.
2008-09-22 07:32:43 -
Dion unveils platform; Tories slam calculations (CTV.ca)
Liberal Leader Stephane Dion trumpeted his party's track record of sound fiscal management Monday as he unveiled the Grits' platform, but the Conservatives tried to cast doubt on his budget calculations.
2008-09-22 08:49:38 -
AREA HOMEOWNERSHIP FALLS (Akron Beacon Journal)
You might have assumed it, but the U.S. Census Bureau confirmed it Monday in cold and startling numbers. The rate of homeownership is falling in the Akron area.
2008-09-22 10:44:24 -
Charles Rinehart is named Downey Financial CEO - Los Angeles Times
Downey Financial Corp. named Charles Rinehart chief executive to help the Newport Beach savings and loan try to rebound from four straight quarterly losses. Rinehart, 61, will assume the duties of Thomas Prince, who was interim chief executive since ...
2008-09-22 11:24:00 -
Be warned: if your lender goes bust, it could take your savings with ... - Guardian Unlimited
A little-known part of the compensation system could see bank and building society customers lose control of their savings if they have both loans and deposits with a financial institution that goes bust. The Financial Services Compensation Scheme ...
2008-09-20 08:06:00 -
GE the lender tries to dodge bank wrecks piling on shore - Seattle Times
General Electric is best known as an industrial powerhouse, with manufacturing prowess in businesses that range from giant generators to Boeing jet engines to alternative-energy technologies like windmills and solar panels. Yet GE is as much a bank ...
2008-09-22 12:01:00 -
Lender with dicey practices settles - Boston Herald
F annie Mae, Freddie Mac, Merrill Lynch and Lehman Brothers may be dominating the financial headlines, but a little-noticed $28 million settlement earlier this month between the Federal Trade Commission and what’s left of Bear Stearns symbolizes ...
2008-09-20 08:56:00 -
ID theft reported by mortgage company - Union
Home mortgage lender Countrywide Financial Corp. has notified some local residents, warning them that their personal information, including Social Security number, allegedly was stolen from its files and may have been sold. As many as 2 million ...
2008-09-20 02:08:00 -
UK housing market "on its knees," says Rightmove - Boston Globe
LONDON— House prices in Britain fell for the fourth consecutive month in September, as the credit crisis continued to worsen and the country's largest mortgage lender was forced into a takeover, the property Web site Rightmove reported Monday ...
2008-09-22 02:53:00 -
Los Angeles feels pain of Wall Street financial crash (People's Daily)
With major Wall Street investment banks going bankruptcy or being acquired in the worst dramatic reshuffle of U.S. financial landscape since the Great Depression, Los Angeles as the financial center on the West Coast is feeling the pain no less than its New York counterpart. Panicked investors phoned their brokers these days as the stock market tumbled to its multi-year lows, while customers ...
2008-09-22 07:18:59 -
More Economy Pages (Heritage Foundation)
The House and Senate must have two objectives when putting together their versions of the financial bailout proposal made by the Treasury and Federal Reserve: They must (1) restore the markets and (2) protect the taxpayers. Congress should act clearly and decisively to address the turmoil in the financial markets and not burden this legislation with other issues, problems, or projects.
2008-09-22 08:05:41 -
Workshop seeks to help residents facing foreclosure (Sun-Sentinel)
Avery Salkey needed one more week to pay her mortgage. Just one more week and she would pay in full, albeit late.
2008-09-22 09:35:57 -
British PM bids to silence rebels in crunch conference speech (TurkishPress.com)
British Prime Minister Gordon Brown will seek to silence his critics Tuesday with a pivotal speech to his Labour Party's conference, which is convulsed with talk of a plot against him.
2008-09-22 11:12:03 -
Mortgage rates drop, and demand goes up (Fort Worth Star-Telegram)
The phones are busy at local mortgage companies. The average rate for a mortgage loan dropped suddenly two weeks ago after the government stepped in to take over mortgage giants Fannie Mae and Freddie Mac, and for much of last week, buyers could get loans under 6 percent.
2008-09-22 11:14:52