Mortgage and Financial News From 2008-5-20 Page 7
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Economic woes are concentrated in battleground states (CNNMoney.com via Yahoo! Finance)
Some of the worst economic conditions in the country are where John McCain can least afford them -- in electoral battleground states crucial to Republicans' chances of hanging onto the White House.
2008-05-20 11:18:00 -
C.A.R. Reports Entry-Level Housing Affordability Rises 18 Percentage Points in First Quarter (wallstreet:online AG)
The percentage of households that could afford to buy an entry-level home in California stood at 44
2008-05-20 11:34:13 -
Senate Panel Approves Housing Bill Compromise (NYTimes.com via Yahoo! Finance)
The bill is aimed at helping hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured mortgages.
2008-05-20 11:36:50 -
Subprime will spill over to next year: Oppenheimer (The Economic Times)
The US credit crisis will extend into and even beyond 2009 as banks will write off more than $170 billion of additional reserves by the end of next year, according to Oppenheimer estimates.
2008-05-20 11:36:54 -
WALL STREET: Down more than 200 (The Herald News)
Wall Street tumbled Tuesday after oil prices spiked to a new record above $129 a barrel and a government report raised investors' concerns about the impact of inflation on consumer spending. The Dow Jones industrials fell more than 200 points.
2008-05-20 11:39:48 -
Fitch Takes Various Actions on 2 Wachovia Mortgage Loan Trust Alt-A Transactions (wallstreet:online AG)
Fitch Ratings has taken rating actions on the mezzanine/subordinate bonds of the following Wachovia
2008-05-20 11:50:23 -
Thousands given mortgage warning - BBC UK News
The charity said this followed a sharp rise in the number of visits to its repossessions advice pages on its website. Throughout 2007, they were viewed almost 35,000 times. Its director, Archie Stoddart, said: "These stark new figures show how ...
2008-05-19 04:42:00 -
Ask Anything: 10 questions with Realtor Parker Creech - WRAL
Posted: Today at 6:30 a.m. Updated: Today at 9:55 a.m. Many people are facing foreclosure of their homes due to the sub-prime mortgage crisis. What are some of the available bail-out options for people in these situations? – Robert, Youngsville The ...
2008-05-20 08:41:00 -
On Voluntary Rescues - Boston Globe
This post is basically an advice column: I advise that you listen to a recent broadcast of This American Life, a public radio program that generally celebrates the mundane, but recently dipped into the arcane -- an hourlong explanation of the ...
2008-05-20 10:14:00 -
C&G cuts mortgage range - MyFinances.co.uk
Cheltenham & Gloucester is to withdraw and redesign its entire mortgage offering. In a brief statement yesterday lender said: "From close of business today, Monday May 19th, we will be withdrawing and replacing our entire range of mortgage products ...
2008-05-20 09:03:00 -
Accounting and Consultancy (Mondaq)
In a Bankruptcy scenario it is not uncommon for a home or investment property to be owned by spouses or de facto partners as joint tenants or as tenants in common. Where one person becomes bankrupt there are serious ramifications for the non bankrupt partner.
2008-05-20 07:21:46 -
French Pres Appoints Ricol To Propose New Fincl Regulation (The Forex Market)
PARIS (Dow Jones)--French President Nicolas Sarkozy has asked a former president of the National Association of Accountants, Rene Ricol, to come up with proposals for new financial regulation in response to the market turmoil sparked by the U.S. subprime mortgage crisis, the president's office said in a statement Tuesday.
2008-05-20 07:42:47 -
Housing & Gold (Kitco.com)
Is the housing crisis over?& Or even close to reaching its peak? Not according to the experts. It seems we have a way to go before all the dirt settles to the bottom. Which is another way of saying that we really do not know what the long term effects of this housing mess will bring.
2008-05-20 08:06:51 -
Senate Banking Committee approves compromise housing bill (The Forex Market)
WASHINGTON (Thomson Financial) - The Senate Banking Committee today approved a major piece of legislation that would set up a program under which the government would back mortgages that lenders agree to write down in order to avoid foreclosure, and would also strengthen the regulator of mortgage giants Fannie Mae and Freddie Mac.
2008-05-20 08:42:47 -
Toronto Stock Exchange hits 15,000 for the first time (The Forex Market)
TORONTO (AP) - The Toronto Stock Exchange has risen past the 15,000-point mark for the first time ever. The main board of Canada's biggest stock exchange briefly passed the benchmark right after the market opened, mostly due to higher oil prices.
2008-05-20 08:57:47