Mortgage and Financial News From 2008-10-3 Page 01
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Financial Crisis Keeps Home Buyers on Sidelines - US News and World Report
With the housing market already slogging through a slump of historic proportions , a recently-released Trulia study shows that the financial crisis threatens to delay a potential comeback in the sector. From Trulia , via Housing Wire : More than 70 ...
2008-10-03 03:18:00 -
The Bailout: What Does Paulson Do Now? - BusinessWeek
With the House of Representatives' Oct. 3 passage of the Treasury's $700 billion plan to stabilize the financial markets by buying up troubled mortgage-related assets, you could almost hear the sigh of relief spreading throughout Washington and Wall ...
2008-10-03 08:55:00 -
Here's What You Need to Know About the Financial-Rescue Plan - Bloomberg
Oct. 4 (Bloomberg) -- Legislation that the U.S. Congress passed yesterday to stabilize financial markets would give the Treasury almost complete discretion to buy $700 billion of mortgage-backed securities and other troubled assets obstructing ...
2008-10-03 08:55:00 -
Scam fed on innocence, dreams - Fayetteville Observer
In 2004, Idrena Young McGuire was a newly separated single mom struggling to buy a home of her own. In 2008, she found herself struggling to pay eight mortgages on five houses. All but one house — the one where she lives — went into foreclosure ...
2008-10-03 08:26:00 -
The gloom spreads north - Globe and Mail
MONTREAL, TORONTO AND CALGARY — Rick Lafleur is walking away from his home in Windsor, Ont., unable to renew his mortgage. Customers won't even talk to Newfoundland manufacturer Lorne Janes as their lenders tighten the screws. New Brunswick Finance ...
2008-10-03 10:35:00 -
Mortgage battler, 90, attempts suicide - News.com.au
A 90-YEAR-OLD woman, facing eviction from the Ohio home she has lived in for 38 years, shot and wounded herself this week, becoming a grim symbol of the US home mortgage crisis. Addie Polk was found lying on the floor of her home with what appeared ...
2008-10-03 07:43:00 -
Bailout not a panacea for housing market - CNBC
WASHINGTON - The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon. The Treasury Department's ...
2008-10-03 03:11:00 -
Lawmaker Accused of Fannie Mae Conflict of Interest - FOX News
WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s. So did Frank’s gay partner, a Fannie Mae executive at the forefront of the ...
2008-10-03 01:09:00 -
Even greed needs its guardian angels (Republican-American)
Maybe you're not a high finance person. Maybe you think a hedge fund is something you put in front of your house to keep out the neighbors. Maybe you don't know the difference between macroeconomics and macrobiotics. And maybe — ah, yes, here's a good one — you think "securities" means safe.
2008-10-03 11:10:12 -
Yes and no (Wichita Falls Times Record News)
WASHINGTON — Wichita Falls’ congressman will soon have to account for his yes vote Friday on the bailout package to constituents back home in the 13th Congressional District.
2008-10-03 11:12:33 -
Douglas Campbell: Candidate tries to buoy Constitution Party (Rocky Mountain News)
Douglas "Dayhorse" Campbell may represent the hopes of his party more than any other candidate in Colorado's U.S. Senate race.
2008-10-03 11:12:56 -
Bank deal by Wells Fargo has potential for D.M. (The Altoona Herald-Mitchellville Index)
A huge banking deal announced Friday creates the potential for significant spin-off benefits for one of Iowa's largest employers.
2008-10-03 11:16:01 -
Netherlands govt hands Fortis a lifeline (The West Australian)
The Netherlands government nationalised the Dutch activities of embattled Belgian-Dutch banking group Fortis with a 16.8 billion euro ($A30 billion) lifeline to help ease pressure on the financial sys
2008-10-03 11:17:25 -
Kramer wins another spam judgment; more than $236 million (Clinton Herald)
CLINTON — A Clinton-based Internet service provider has received more than $236 million in judgment against an illegal spammer.
2008-10-03 11:18:58 -
BETTER DROWNED THAN LIVING IN BROKEN HOME (Daily Mirror)
Dad's twisted notes before killing son, 2
2008-10-03 11:22:02