Mortgage and Financial News From 2008-7-19 Page 2
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Downturn 'will last longer than tech slump' (Asia News Network)
The global downturn stemming from the crisis in the financial system will be more prolonged than the slump triggered by the tech bubble bursting some eight years ago.
2008-07-19 07:07:05 -
Law leads many lenders to halt student loans (The Facts)
Students who are studying for a brighter tomorrow might want to check with loan providers today to make sure they aren’t left out when the fall semester kicks off.
2008-07-19 07:10:25 -
Banker says media is overreacting (Reno Gazette-Journal)
Despite recent news about Indymac Bank in California and the latest financial condition of the nation's major mortgage lenders, Fannie Mae and Freddy Mac, local bankers are optimistic about the status of their banks.
2008-07-19 08:39:46 -
Area schools face tight budgets (Paris News)
School officials faced with increased costs and little, if any, additional revenue say the Texas Legislature’s “hold harmless” decree from 2005 is in fact “harmful.”
2008-07-19 08:41:14 -
5 ways to stash a little cash (The Charlotte Observer)
Everywhere you turn, it seems there's another pinch in the pocketbook. From gas to groceries, everyone's getting hit by higher prices. To help stretch your dollars, here are five places to look for savings: 1. BUNDLE UP If you're dealing with separate companies and separate bills for your cable TV, phone and Internet service, think about bundling up. Many companies, like SureWest and ...
2008-07-19 09:05:30 -
Govt expenditure likely to over-shoot by 21%: CMIE (The Economic Times)
Interest payment, which is the largest expenditure head of the government, accounted for 25% of total expenditure during April and May. Invest during inflation?
2008-07-19 09:08:38 -
Commodities make the man Brazil's richest (The Palm Beach Post)
Eike Batista sits in the boardroom of his mining company, MMX Mineracao e Metalicos SA, overlooking Rio de Janeiro's Sugarloaf Mountain, a vitamin cocktail dripping into his left arm to stave off aging.
2008-07-19 09:09:58 -
Jitters Ease as Citi, Rivals Show Signs of Bottoming Out - Wall Street Journal
A roller-coaster week for the American financial system ended on a relatively optimistic note Friday, as Citigroup Inc. reported signs of progress at writing down its pile of bad assets even as it announced a big quarterly loss. Citigroup posted a $2 ...
2008-07-19 05:17:00 -
A plan to jumpstart the mortgage market - CNN Money
NEW YORK (CNNMoney.com) -- A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage market. Most of the nation's mortgage loans are packaged together by their issuers ...
2008-07-17 02:49:00 -
Housing market action held back to autumn - Times Online
THE Treasury is ready to come forward with a package of measures to stabilise the housing market, but no action is expected until the autumn. A Treasury-commissioned report by Sir James Crosby, the former HBOS chief executive, is set to be published ...
2008-07-19 01:14:00 -
Foreclosures and Short Sales - Washington Post
Is there a right way to lose your home? And is there any good reason to pay for "expert" advice on how best to do it? The result of a foreclosure or a short sale is basically the same -- a lost home and long-lived damage to your credit record. But ...
2008-07-19 07:40:00 -
Work Out Problems With Lenders? Try to Find Them (New York Times)
Today?s lenders often sell the loans they make to investors, making it nearly impossible for homeowners to discover whom they should contact about a delinquency.
2008-07-19 12:54:04 -
Foreclosures and Short Sales, Equal Ills (Washington Post)
Is there a right way to lose your home? And is there any good reason to pay for "expert" advice on how best to do it?
2008-07-19 04:27:25 -
Homeowners seek a miracle to stave off foreclosure (The Santa Rosa Press Democrat)
About 200 North Coast homeowners, many of them facing the threat of foreclosure, sought help - and in some cases a miracle - on Saturday during a workshop in Santa Rosa."The mortgage crisis is a community problem that affects us all," said Rep. Lynn Woolsey, D-Petaluma, who participated in a panel discussion on alternatives to foreclosure.
2008-07-19 07:22:10 -
In Case Of Emergency, Withdraw Here - Forbes
Cars breaking down, apartments flooding, or even losing your job--chances are, at some point in your life, you'll need access to a significant amount of cash to cover unexpected costs. When unexpected circumstances such as these arise, you'll thank ...
2008-07-18 10:23:00