Mortgage and Financial News From 2008-7-29 Page 15
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Preying on Retirement Savings - American Progress
Wherever middle-class Americans turn these days, they face higher bills and less income. Amid a sharply slowing economy, many find solace in their ability to borrow from themselves through their 401(k) retirement savings plans to help them smooth ...
2008-07-28 05:53:00 -
BUSH'S ECONOMIC POTEMKIN VILLAGE FINALLY CRUMBLING - OpEdNews.com
George Bush's artificially propped up economy is finally beginning to be seen for what it really is ~ a Potemkin village which is about to collapse under the weight of reality s uch as the recent housing bill which will likely help less than five ...
2008-07-28 03:12:00 -
Freddie, Fannie `Fair Values' Hardly Look Fair: Jonathan Weil - Bloomberg
July 28 (Bloomberg) -- Forget everything you've read about how woefully undercapitalized Fannie Mae and Freddie Mac are. The situation is much worse. Unlike other companies, the two government-chartered mortgage financiers publish quarterly fair ...
2008-07-27 05:58:00 -
Weighty lessons in inflation debate - Business Day South Africa
THE inflation data controversy has quietened. But it raises questions not only about what we should expect from our official statistics agency but also about what is to be expected from SA’s community of professional economists, particularly those ...
2008-07-29 12:30:00 -
No end is yet in sight for the US housing slump, IMF says - Boston Globe
WASHINGTON - There's no end in sight to the US housing recession and deteriorating credit conditions for consumers and banks may prolong a period of slow economic growth, the International Monetary Fund warned yesterday. "At the moment, a bottom for ...
2008-07-28 10:50:00 -
National Australia Cuts Bond Sale as Investors Balk (Update3) - Bloomberg
July 29 (Bloomberg) -- National Australia Bank Ltd. , the nation's biggest by assets, reduced a planned A$850 million ($812 million) bond sale by two-thirds after credit-market losses triggered a three-day, 19 percent slump in the stock. The ...
2008-07-28 11:54:00 -
Many eligible for free access to credit reports, scores - Baltimore Sun
I f you're thinking about buying a home or refinancing - even if you've got excellent credit - you may want to avail yourself of a forthcoming free service that could help you get a better mortgage rate. Under the terms of a national class action ...
2008-07-28 09:10:00 -
Fremont Investment & Loan returns as CapitalSource Bank - Los Angeles Times
An early casualty of the subprime meltdown, Brea-based Fremont Investment & Loan, was operating Monday under new ownership and a new name, CapitalSource Bank. Fremont was a major subprime mortgage lender until regulators ordered it out of that ...
2008-07-28 11:47:00 -
Mortgage-market relief: covered bonds? - Seattle Times
Treasury Secretary Henry Paulson gestures during Monday's news conference. Others, from left, were John C. Dugan, currency comptroller; Sheila Bair, FDIC chair; Fed Gov. Kevin Warsh; and John Reich, Office of Thrift Supervision head. WASHINGTON ...
2008-07-28 11:54:00 -
Attorney general calls for probe in mortgage case - Miami Herald
Saying he's outraged that thousands of people with criminal histories were allowed to peddle home loans in Florida, Attorney General Bill McCollum called for an investigation into the state agency overseeing the mortgage industry. The attorney ...
2008-07-28 09:53:00 -
No quick fix for UK home loans crisis - Crosby report - Forbes
LONDON (Thomson Financial) - There is no quick fix for the United Kingdom's mortgage crisis and the long-term funding of mortgages should be left to the market, a report to Chancellor of the Exchequer Alistair Darling will conclude on Tuesday, the ...
2008-07-28 11:33:00