Mortgage and Financial News From 2008-9-23 Page 2
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The Appraisal: One Source of Our Economic Woes (Blogcritics.org)
The current mess this country finds itself in regarding the entire financial industry has many culprits. Appraisals are one. Out of all the cacophony caused by the current meltdown of this country's financial industry, one of the sources in the grass roots mechanics of how all this housing mess came about has been largely ignored: The appraisal.In the past, until a few years ago, FHA maintained ...
2008-09-23 09:17:45 -
The Appraisal: One Source of Our Economic Woes (Blogcritics.org)
The current mess this country finds itself in regarding the entire financial industry has many culprits. Appraisals are one. Out of all the cacophony caused by the current meltdown of this country's financial industry, one of the sources in the grass roots mechanics of how all this housing mess came about has been largely ignored: The appraisal.In the past, until a few years ago, FHA maintained ...
2008-09-23 09:17:45 -
Main Avenue, Gresham, in new financial territory (The Oregonian)
Wall Street expects a $700 billion bailout. K Street -- headquarters for Washington, D.C., lobbyists -- elbows in for its cut.
2008-09-23 10:11:32 -
Main Avenue, Gresham, in new financial territory (The Oregonian)
Wall Street expects a $700 billion bailout. K Street -- headquarters for Washington, D.C., lobbyists -- elbows in for its cut.
2008-09-23 10:11:32 -
Wednesday newspaper round-up: Goldman Sachs, Bradford & Bingley, British Energy (ShareCast)
LONDON (SHARECAST) - Lloyd Blankfein, chief executive of Goldman Sachs , last night said he planned to raise up to $12.5bn of new funds by selling a stake to Warren Buffett and tapping other institutional shareholders.
2008-09-23 10:25:33 -
Wednesday newspaper round-up: Goldman Sachs, Bradford & Bingley, British Energy (ShareCast)
LONDON (SHARECAST) - Lloyd Blankfein, chief executive of Goldman Sachs , last night said he planned to raise up to $12.5bn of new funds by selling a stake to Warren Buffett and tapping other institutional shareholders.
2008-09-23 10:25:33 -
Some who can't sell homes try for a trade (The Sarasota Herald-Tribune)
It's complicated, but swappers can't afford to wait for turnaround
2008-09-23 10:26:10 -
Some who can't sell homes try for a trade (The Sarasota Herald-Tribune)
It's complicated, but swappers can't afford to wait for turnaround
2008-09-23 10:26:10 -
Goldman Gets Buffett Aid in $7.5 Billion Fundraising (Update2) (Bloomberg.com)
Sept. 24 (Bloomberg) -- Goldman Sachs Group Inc. won the backing of Warren Buffett , the world's preeminent stock-picker, as the Wall Street firm seeks to raise cash from investors whose faith in the investment-banking business model has been shaken.
2008-09-23 10:38:02 -
Goldman Gets Buffett Aid in $7.5 Billion Fundraising (Update2) (Bloomberg.com)
Sept. 24 (Bloomberg) -- Goldman Sachs Group Inc. won the backing of Warren Buffett , the world's preeminent stock-picker, as the Wall Street firm seeks to raise cash from investors whose faith in the investment-banking business model has been shaken.
2008-09-23 10:38:02 -
Takeover sinks mortgage rates - Buffalo News
The government takeover of Fannie Mae and Freddie Mac won’t cure the housing market’s biggest ailments: falling home prices and rising foreclosures. WASHINGTON — Mortgage rates fell sharply Monday, as investors reacted to the government’s ...
2008-09-19 04:01:00 -
Woolly risk analysis is hastening a housing crash - Silicon.com
Borrowers have moved from a mortgage feast to a famine so bad that the government has stepped in with a £50bn support package. But there's a better way to ease the situation, argues Steve Boyle.
2008-09-23 07:12:00 -
Bankruptcy Ploy - Wall Street Journal
Apparently Democrats in Congress aren't satisfied with the billions of dollars that will be required to clean up their Fannie and Freddie mess. As the price for passing Treasury Secretary Hank Paulson's asset-purchase plan, Democrats are pushing a ...
2008-09-23 08:31:00 -
$900,000 salary for Freddie Mac CEO - CNN Money
WASHINGTON (AP) -- Mortgage finance company Freddie Mac says its new chief executive is earning a base salary of $900,000 a year, a 25% pay cut from his predecessor who also received sizable bonuses and stock options. The company, seized by the ...
2008-09-23 02:54:00 -
Pricing mortgage-backed securities will be tough (USA Today)
Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.
2008-09-23 09:12:17