Mortgage and Financial News From 2008-6-9 Page 01
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US rescue bill could save 500,000 homes - News.com.au
MAJOR legislation to save hundreds of thousands of homeowners from foreclosure remains on track to go to the White House before July 4, a senior US lawmaker said today. Senate Banking Committee Chairman Christopher Dodd and other lawmakers have said ...
2008-06-09 04:31:00 -
At foreclosure risk, 300 meet lenders, counselors - Newsday
Maritza Perez sat down Saturday in front of a finance counselor and quickly got to the point -- if she pays her $2,800-a-month mortgage, "I cannot afford to buy meat, I cannot afford to buy milk, or gas or doctor's bills." Perez, 48, a secretary, has ...
2008-06-06 05:54:00 -
Republicans slam Barack Obama's ethics over housing - News.com.au
Senator McCain's campaign and the Republican National Committee (RNC) fastened on a Wall Street Journal report that said Jim Johnson, the mortgage executive leading Senator Obama's vice-presidential hunt, had received preferential home loans ...
2008-06-09 07:16:00 -
Bankers meet over credit crunch - MSN UK News
Some of the banking world's most influential figures are gathering to discuss the turmoil facing the industry. The British Bankers' Association (BBA) holds its annual conference in London, amid what has been described as the toughest time for sector ...
2008-06-09 09:39:00 -
Bad loans turn into game of hot potato - Detroit News
The financial wizards who cooked up the crippling mortgage and credit crisis thought they had created something like the world's most fabulous no-calorie chocolate souffle. Instead, they boiled up a huge batch of hot potatoes. Now, with trillions of ...
2008-06-09 09:54:00 -
0-down mortgage still offered - Detroit News
0-down mortgage still offered Qualified home buyers can borrow up 105% of the cost of a home using U.S.-chartered programs. David S. Hilzenrath / The Washington Post
2008-06-09 09:54:00 -
How HUD Mortgage Policy Fed The Crisis - Washington Post
In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending. Eager to put more low-income and minority ...
2008-06-09 08:42:00 -
NC senator defaults on mortgage loan (The Charlotte Observer)
A North Carolina state senator and her former domestic partner have defaulted on a $1.3 million mortgage on a New Hanover County home. Sen. Julia Boseman and Melissa Jarrell have failed to pay the $7,156 monthly payments since last August, according to evidence at a court hearing last week. The home is now scheduled to be auctioned June 25 at the county courthouse, the Star-News of Wilmington ...
2008-06-09 09:14:24 -
Obama turns focus to economy (Chicago Tribune)
Tour also aims to tar McCain; Republican says rival big spender Sen. Barack Obama says he feels your pain.
2008-06-09 09:48:30 -
Miami: Impact of speculation, overdevelopment still being felt (USA Today)
Home sales in Miami, one of the areas that led the nation's real estate boom, remain in a free fall. So far this year, sales and prices are well below their 2007 levels.
2008-06-09 10:49:33 -
US close: Blue chips rally despite Lehman cash call (ShareCast via Yahoo! UK & Ireland Finance)
US share prices took heart from the decline in crude oil prices from their record high and closed higher despite a heavy cash call and loss from Wall St heavyweight Lehman Brothers.
2008-06-09 11:07:00 -
National Bank of Kansas City - Kansas City Business Journal
Stingy about tax incentives in the past, the Overland Park City Council has approved a 10-year, 50 percent property tax abatement to secure the headquarters for the new home mortgage loan division of Capital One Financial Corp. Rising interest rates ...
2008-06-09 09:15:00 -
CBJ: Maximum Safe Withdrawal Rates in Retirement - Daily Progress
Last week’s column described how certain critical assumptions can affect retirement planning. Here we discuss how to determine maximum safe withdrawal rates that will not compromise a long retirement. Imagine you knew you were going to die ...
2008-06-08 10:59:00 -
Willis lines up HRH for $2.1bn purchase - Financial Times
Willis Group Holdings, the London-based global insurance broker, is to acquire a smaller rival in the US for about $2.1bn in cash and shares, kicking off what could be a new wave of consolidation in the sector. The deal to acquire Hilb Rogal & Hobbs ...
2008-06-08 08:29:00 -
50 per cent feel worse off after election: poll - News.com.au
MORE than 50 per cent of Australians believe they have become worse off financially since the last federal election, a survey shows. An online poll conducted last month by mortgage brokers Loan Market and X Inc Finance Group found just 17 per cent of ...
2008-06-09 03:34:00