Mortgage and Financial News From 2008-5-11 Page 01
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GUEST EDITORIAL: Mortgage relief too costly - Lockport Union-Sun
The mortgage relief — read bailout — legislation advancing through the House weighs in at a bloated $300 billion. That’s simply too big a bill in a time of economic uncertainty, with Iraq war funding continuing to escalate. The job for Congress ...
2008-05-11 08:41:00 -
Mortgage giants to unveil new writedowns - Times Online
Some of the biggest players in the British mortgage market will report investment writedowns of more than £4 billion this week as investors brace themselves for more bad news from Britain's embattled banking sector. HSBC, the UK's largest banking ...
2008-05-11 01:24:00 -
Value to unlock: Banks are starting to find buyers for mortgage ... - Financial Times
H ow are the mighty fallen. This time last year, as global financial markets were just beginning to feel the pinch from record late payments and rising defaults on risky US home loans, more than 2,000 anxious mortgage bankers and investors gathered ...
2008-05-11 02:21:00 -
Mervyn King to grimace and bear bad news - Times Online
When the Bank of England’s Governor unveils its latest prognosis for the economy this week, he is likely to adopt his sternest demeanour. The message from Mervyn King may not be quite as bleak as Churchill’s famous admonition that he had ...
2008-05-11 04:51:00 -
Mortgage Industry Newsletter - Colleyville Courier
Get daily mortgage and real estate news by subscribing to our RSS/XML news feed. Easy subscription with bloglines. http://www.mortgagenewsdaily.com/ Ask The Mortgage Expert Ask the MORTGAGE EXPERT!! I will answer your mortgage questions and then you ...
2008-05-11 04:59:00 -
St George an easy target for Westpac - News.com.au
BANK investors have had a hard time in recent months - losing big on their investments - and St George returns have been hit hardest of all, making it an easier target for Westpac. The sub-prime mortgage crisis has spread to Australia and bank ...
2008-05-11 07:22:00 -
Don't Fear the Burberry - Slate
N ewsweek 's Jon Alter accuses me of being a mindlessly contrarian crypto-conservative . I accuse him of being an Obama tankster . A good time is had by all. ... P.S.: Alter also calls Hillary's gas tax holiday "the worst pander ever in modern ...
2008-05-11 01:45:00 -
Other options - Chicago Tribune
If you don't qualify for a reverse mortgage or the proceeds aren't enough for you to live on, there are other options: • Accessory apartments: Many elderly owners bought their homes years ago when they needed space to raise their young families ...
2008-05-10 11:55:00 -
Take from the rich, say voters - News.com.au
The worrying part is that all Rudd's policies are directed at getting mothers back to work and children cared for by institutions as early as possible - scaling back the baby bonus and family tax benefit and increasing the childcare rebate. Why not ...
2008-05-11 07:43:00 -
Reverse mortgages aren't the only option for seniors - Los Angeles Times
WASHINGTON -- Reverse mortgages are one way for house-rich but cash-poor seniors to tap into their equity without having to sell. But there are other options to consider as well. A reverse loan is intended to enable people 62 or older to convert part ...
2008-05-10 11:48:00 -
HOME CALENDAR - Detroit Free Press
Rent to Own Seminar: Learn the ins and outs of renting to own. Receive a free credit report and/or credit counseling to help with buying your rental home in 6-18 months. 7 p.m. Tues. at Deed Realtors, 46135 Van Dyke, Utica. 586-739-5540 Showcase Home ...
2008-05-11 12:16:00 -
Meruelo Maddux Tumble Puts Los Angeles on Sale at 65% Discount - Bloomberg
May 11 (Bloomberg) -- A package of Los Angeles real estate on sale for 35 cents on the dollar is attracting investors to the depressed shares of Meruelo Maddux Properties Inc., the biggest private landowner in the city's four-square-mile downtown ...
2008-05-11 03:11:00 -
Greenberg's Starr Foundation Sues AIG, Alleging Fraud over Credit Losses (Insurance Journal)
The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice "Hank" Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default s
2008-05-09 02:26:09 -
Citi Aims To Trim Fat (Forbes)
Bank plans up to $500B of asset sales to concentrate on profitable businesses but will remain a universal bank.
2008-05-09 04:54:03 -
BUSINESS BRIEFS (Richmond Times-Dispatch)
Canned, bagged and boxed food placed by your mailbox today will benefit the Central Virginia Foodbank. The U.S. Postal Service carriers will collect nonperishable goods as part of its Stamp Out Hunger campaign. Frozen or fresh food and items in glass containers will not be accepted. "This food drive helps to restock depleted shelves at a time when it is critically needed," Fran Sanso, regional ...
2008-05-09 10:47:05